Posted by Katharine Crnko

For Marketplace Morning Report, Monday March 7, 2011

LVMH owns luxury brands from Louis Vuitton to Moet champagne and it now plans to sell watches. It will acquire a major piece of Italian jeweler Bulgari for $5.2 billion. Stephen Beard explains.

Police and firemen in Vallejo, Calif., were laid off as the city worked its way through bankruptcy. Hear the new plan to fill city coffers.

Computer hackers who hack to reveal the flaws in computers and phones gather to compete for big cash prizes.

Spanish drivers are slowing down today to comply with a new speed limit. The BBC’s Sarah Rainsford reports the government hopes to reduce Spain’s gas bill.

As unrest continues in the North Africa and the Middle East, China hopes to prevent similar protests with a new five-year plan to fight inflation and low wages. Rob Schmitz explains.

This week, the federal government will head to court for what may be the biggest insider trading case in decades. Fortune Magazine’s Allan Sloan say many on Wall Street will be watching closely.

Iraq and UAE are forgoing the purchase of more weapons systems from the U.S. It’s hitting British and French defense contractors too.

The White House considers tapping into the nation’s Strategic Petroleum Reserve to counter rising oil prices. But Gregory Warner reports that it may not cut gas prices.

Here are the songs we played:

• The Tallest Man the Broadest Shoulders — Sufjan StevensBuy

• Mazes — Moon DuoBuy

• Acá Entera — Javiera MenaBuy

• Everything Hits At Once — SpoonBuy

• The Only One — The Black KeysBuy