Marketplace®

Daily business news and economic stories

MIDDAY UPDATE: Verizon iPhone, Trans Alaska oil pipeline leak

Tomorrow will be a big day for Verizon Wireless, as the company is expected to announce it soon will offer customers the Apple iPhone. Since the…

Tomorrow will be a big day for Verizon Wireless, as the company is expected to announce it soon will offer customers the Apple iPhone. Since the iPhone’s release four years ago, Apple has had an exclusive contract with AT&T. AT&T has had notoriously poor coverage, though that hasn’t stopped it from selling more than 45 million iPhones last year.

In another public relations snafu for BP, the Trans Alaska Pipeline was shut down over the weekend due to a leak at a pumping station. According to reports, only 10 barrels of oil have leaked into a pumping station. Analysts are concerned about the impact on oil prices.

And for all you football fans out there — we hope you didn’t buy tickets for tonight’s BCS Championship game on StubHub. Due to a broker error, the online ticket retailer sold tickets that never actually existed. Stubhub now has to buy back hundreds of thousands of dollars in unfulfilled orders — not a good kick-off to 2011.

Related Topics

Collections:

Latest Episodes

View All Shows
  • Marketplace
    7 hours ago
    25:19
  • Make Me Smart
    12 hours ago
    19:00
  • Marketplace Morning Report
    15 hours ago
    6:55
  • Marketplace Tech
    19 hours ago
    8:33
  • This Is Uncomfortable
    3 days ago
    56:05
  • Million Bazillion
    24 days ago
    32:45