Run into more customer service bots lately? Let Marketplace Tech know. More info
Marketplace for Friday June 20, 2014
Jun 20, 2014

Marketplace for Friday June 20, 2014

HTML EMBED:
COPY

The federal government's pressure on for-profit colleges that take in billions in federal student aid is close to claiming its first victim. Corinthian, which operates Everett College and Heald College among others, is nearly out of money after the government put a hold on federal grants for its students. The entire industry is sagging. If you're not almost out of money, for $50 million you can own Monet's "Nympheas," one of his most famous water lilies paintings. Or for $14.95 you can own a Nympheas coffee mug. Monet’s lilies are one of the biggest art franchises ever. But just how big? We investigate. Also, Germany's Siemens and Japan's Mitsubishi Heavy Industries sweetened their joint bid for French company Alstom today. GE is also pursuing Alstom's energy-supply business and has a competing offer in for Alstom whose board meets next week to discuss the offers. We explore why the French firm is so sought after. 

Segments From this episode

Pudding you in the mood for chocolate

Jun 20, 2014
Marketplace Datebook for the week of June 23, 2014

Bobbleheadmania hits Dodger Stadium

Jun 20, 2014
What really brings baseball fans to the stadium? Free giveaways.

Hold up on aid threatens for-profit college

Jun 20, 2014
A delay in receiving students' federal grants could sink Corinthian Colleges
A student walks into a building at Heald College, part of the for-profit Corinthian Colleges Inc.. The business, which offers everything from degree programs to trade schools, is heavily dependent on federal student aid.
HealdCollege/ YouTube

Who sues police departments the most? Police officers

Jun 20, 2014
In New Jersey, millions are spent each year on lawsuits involving police.

GE nears deal for Alstom

Jun 20, 2014
GE wants turbine company, but may end up in business with French government.

Weekly Wrap: An almost eerie calm

Jun 20, 2014
Weekly Wrap for Marketplace on June 20, 2014.

The federal government’s pressure on for-profit colleges that take in billions in federal student aid is close to claiming its first victim. Corinthian, which operates Everett College and Heald College among others, is nearly out of money after the government put a hold on federal grants for its students. The entire industry is sagging. If you’re not almost out of money, for $50 million you can own Monet’s “Nympheas,” one of his most famous water lilies paintings. Or for $14.95 you can own a Nympheas coffee mug. Monet’s lilies are one of the biggest art franchises ever. But just how big? We investigate. Also, Germany’s Siemens and Japan’s Mitsubishi Heavy Industries sweetened their joint bid for French company Alstom today. GE is also pursuing Alstom’s energy-supply business and has a competing offer in for Alstom whose board meets next week to discuss the offers. We explore why the French firm is so sought after.