PODCAST: Airbus comes to America, Maine lobster looks for a boost
Maine lobster could get a marketing boost. Washington moves towards austerity. CEO of Airbus Fabrice Bregier shares his company's plans for the future and taking on the U.S. market.
PODCAST: A green thumb and earnings ho-hum
Tuesday, October 9, 2012 - 11:16 David McNew/Getty Images A retired couple from the London suburb of Bedford unknowingly tended to a marijuana plant they bought at a flea market. The parade of quarterly earnings announcements begins later today, ceremoniously led as always by aluminum giant Alcoa . Alcoa's expected to show a profit of perhaps just a penny-a-share, compared with 15-cents this time last year. Markets are down this morning on earnings mood, and on a very gloomy report from the IMF forecasting slower global growth ahead. The U.S. is the lone bright spot where the IMF thinks there will be decent growth, but that's no comfort on Wall Street. There are rumors of trouble this morning with a major aerospace merger in Europe. British defense company BAE is declining to comment on reports that merger talks with EADS -- the parent company of Airbus -- have collapsed. The boards of both companies are meeting today, trying to figure out how they can put the two together in a way that ...
PODCAST: Goldman Sachs CEO says U.S. must act responsibly on fiscal cliff
Tuesday, October 2, 2012 - 11:41 Chris Kleponis/AFP/Getty Images Lloyd Blankfein, chairman and CEO of Goldman Sachs. The New York attorney general has sued JPMorgan Chase . The issue is mortgage-backed securities peddled by its Bear Stearns unit, leading up to the financial crisis. The case could be a bit of a game-changer. The National Retail Federation this morning predicts we'll buy 4 percent more stuff this holiday season . That would be slower growth than in the past two years. CoreLogic says U.S. home prices rose almost 5 percent in August, the biggest annual gain in six years. Greece started a round of talks with its European lenders today. The government put out its new austerity budget yesterday. It's stuck between creditors who are skeptical the reforms will be enough, and Greek protesters who say the cuts will destroy the Greek economy. Meanwhile, whispers and nameless sources this morning are signaling Spain is preparing to ask the European Central Bank and its creditors elsewhere ...
Goldman CEO against austerity in the short term
The chief executive of Goldman Sachs said Wednesday he is against austerity measures in the short term as the U.S. "fiscal cliff" looms
Found more than 1 month ago on channel CBS