Latest Stories on Marketplace.org

Labor Department corrects numbers on female job losses

Chau Tu — Wed, 16 May 2012 21:14:58 +0000

The actual percentage of job losses by women the past three years is lower than the 90 percent Mitt Romney stated last month.

Skechers settles false ad charges on Shape-ups

jkarp — Wed, 16 May 2012 20:41:32 +0000

Skechers agrees to pay $50 million to settle charges it made false claims about the health benefits of its Shape-ups and other toning shoes.

Why early retirement may not be good for your health

Chau Tu — Wed, 16 May 2012 20:39:21 +0000

Freakonomics Radio explores the hidden side of early retirement.

A reality check on the Greek bank run

gdelvac — Wed, 16 May 2012 20:22:28 +0000

We check in with one Athens resident about whether Greeks are really withdrawing their cash from local banks in droves and what the mood is like on the streets.

States use homeowner funds to plug budget holes

John Haas — Wed, 16 May 2012 20:14:02 +0000

Major banks forked over billions of dollars in a mortgage settlement. Some states are using that money to fix any kind of budget gap.

Bad news for older workers

smonroe@marketplace.org — Wed, 16 May 2012 19:46:39 +0000

The Government Accountability Office says the number of long-term unemployed 55 and older has more than doubled since the recession began back in 2007. That's bad news for the economy and children of retirees.

No retirement savings plan for now

cfarrellecon — Wed, 16 May 2012 18:44:25 +0000

I just graduated from law school and found the perfect job for me. Unfortunately, it does not offer a 401(k). I have a number of old 401(k)s from previous jobs, including a few that have been rolled over into Roth IRAs. Because I was in school for 3 years, I haven't been adding to my retirement saving for that period, thinking I could "make it up." To top it all off, my husband and I now make in excess of the maximum for IRA contributions. How should I be saving for retirement at this point? Jane, Los Angeles, CA

In economic recovery, the rich recover more

mhartman — Wed, 16 May 2012 16:06:41 +0000

The middle-class has lost significant wealth for the long term. The wealthy -- not so much.

GM pulls out of Facebook advertising

mdooe — Wed, 16 May 2012 14:48:46 +0000

Just days before Facebook stock trades publicly for the first time, General Motors is giving no official reason for the decision but published reports suggest the ads aren't having the impact GM hoped.

PODCAST: Facebook helping California, construction helping housing

mdooe — Wed, 16 May 2012 14:43:01 +0000

There are new concerns this morning of a banking crisis in Greece, after the country's political parties failed to come together and form a coalition government. This week's Facebook IPO could mean big things for the California state budget. And in Atlanta this morning, the world's busiest airport welcomes its first passengers to a brand-new, $1.4 billion international terminal.

JC Penney stock falls after big quarterly loss

mdooe — Wed, 16 May 2012 14:18:12 +0000

JC Penney stock is currency down percent after the company reported that customer traffic is down, sales are down, and the quarterly loss was bigger than expected. The company had hired Ron Johnson, the man behind Apple Stores, to make JC Penney more fashionable.

New home construction up 30% from last year

mdooe — Wed, 16 May 2012 14:16:31 +0000

Housing starts, as they're called, were up 2.6 percent last month, and compared with last April, home construction was up almost 30 percent.

Time to bring back Glass-Steagall?

sgregory@marketplace.org — Wed, 16 May 2012 13:45:00 +0000

Commentator Robert Reich says the Volcker Rule is not strong enough to prevent JPMorgan Chase-style loss.

FBI investigating JPMorgan for criminal behavior

mdooe — Wed, 16 May 2012 10:15:30 +0000

The FBI is investigating possible criminal behavior at JPMorgan Chase after that $2 billion trading loss disclosed by the bank the other day.

Greek citizens pulling money from banks

mdooe — Wed, 16 May 2012 10:15:20 +0000

With a new general election on the way in Greece and the country's membership in the European Single Currency in the balance, people in Greece are trying to keep their bank accounts from losing value if ever the euro is dropped. Greece's central bank chief says depositors pulled about $900 million about of bank accounts Monday alone.

Fears of bank runs on the rise in Greece

mdooe — Wed, 16 May 2012 09:19:01 +0000

New elections are scheduled for June 17th in Greece, but that may not be soon enough to calm fears at Greek banks. Almost a billion dollars worth of deposits was withdrawn on Monday alone.

California budget to benefit from Facebook IPO

Chau Tu — Wed, 16 May 2012 00:18:50 +0000

California Gov. Jerry Brown recently informed Californians that the state was $16 billion in the hole, instead of the mere $9 billion everyone expected. The Facebook IPO will generate a lot of taxable income for a few thousand Californians.

Democrats campaign on auto bailouts

Celeste Wesson — Tue, 15 May 2012 23:52:34 +0000

Vice President Biden is in Ohio to tell voters the bailouts brought back jobs to the state.

Home DNA kits -- to test or not to test?

Adriene Hill — Tue, 15 May 2012 21:40:08 +0000

Ancestry.com unveils new, more advanced DNA testing.

What makes a movie?

smonroe@marketplace.org — Tue, 15 May 2012 21:36:25 +0000

These days, a well-established brand can be as valuable as a screenplay. At least that's what the makers of the movie "Battleship" are hoping when the film version of the popular board game opens this weekend.