Business

9:11am

Tue January 15, 2013
The Two-Way

Retail Sales Rose As 2012 Ended; Inflation Remained In Check

Shoppers in Manhattan on Christmas Eve last month.
Keith Bedford Reuters /Landov

Retail sales rose 0.5 percent in December from November, the Census Bureau says. That may be a sign that as 2012 ended consumers were still in a shopping mood even as lawmakers in Washington struggled to keep the federal government from going over the so-called fiscal cliff.

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4:22am

Tue January 15, 2013
Business

JPMorgan Chase Agrees To Beef Up Risk Management

Originally published on Tue January 15, 2013 6:06 am

Banking regulators are telling JPMorgan Chase that it must take action to improve its risk analysis and money-laundering controls. The bank racked up a $6 billion trading loss last year. CEO Jamie Dimon cited managerial lapses and called the loss inexcusable.

4:22am

Tue January 15, 2013
Around the Nation

Utilities Contemplate What Climate Change Means To Them

Originally published on Tue January 15, 2013 9:36 am

Superstorm Sandy devastated the mostly below ground electric system that runs through the heart of Manhattan. What happens if Sandy is part of a new weather pattern? Con Edison, the utility that provides power to much of New York's five boroughs, is looking for ways to protect its aging infrastructure.

4:22am

Tue January 15, 2013
Business

South Park Duo Creates Production Studio

Originally published on Tue January 15, 2013 6:44 am

Transcript

RENEE MONTAGNE, HOST:

And in other news, the creators of "South Park" and "The Book of Mormon" have announced they are forming their own production studio. NPR's Mandalit del Barco reports.

MANDALIT DEL BARCO, BYLINE: Having success in TV, movies and Broadway, Trey Parker and Matt Stone are now branching out with their own, $300 million production company. They've named it Important Studios, and it's poised to approve TV movie and theater projects. It will give the moguls creative and financial control over what they do.

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4:22am

Tue January 15, 2013
Business

Toyota Regains No. 1 Sales Position

Originally published on Tue January 15, 2013 6:43 am

After careening from back-to-back crises — recalls and the tsunami — Toyota is No. 1 in worldwide sales again. Toyota says it sold at least 9.7 million vehicles in 2012. General Motors reports it sold 9.3 million. Both companies say it doesn't really matter which one is in the top spot.

4:22am

Tue January 15, 2013
Business

Business News

Originally published on Tue January 15, 2013 7:32 am

Wal-Mart is expected to announce that it will hire every veteran who wants a job as part of a new program beginning on Memorial Day. The only requirements: that he or she left the military in the previous year and wasn't dishonorably discharged.

4:22am

Tue January 15, 2013
Business

The Last Word In Business

Originally published on Tue January 15, 2013 7:38 am

The deal is valued at close to $1 billion. Harry Winston is a symbol of luxury. It regularly loans out its diamond studded creations to stars for their walk down the red carpet. Swatch may be best known for its colorful plastic watches.

3:24am

Tue January 15, 2013
Business

With Redesigned Corvette, GM Ushers In New Era Of American Sports Car

Originally published on Tue January 15, 2013 10:24 am

The newly redesigned Corvette Stingray is unveiled by General Motors on Sunday. The Corvette's status as a cultural icon presents challenges for GM as it attempts to the bring the beloved brand into the 21st century.
Carlos Osorio AP

This week, the sleek, speedy Chevy Corvette turns 60 years old. In the increasingly competitive auto business, where few cars make it past their teens, that makes it nearly ancient.

General Motors, however, is not retiring one of America's oldest sports cars just yet, and is embarking on the perilous path of updating the beloved brand. The auto company unveiled the new 2014 Corvette at the Detroit Auto Show on Sunday, a model that also revives the long-dormant Stingray name.

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3:22am

Tue January 15, 2013
World

Training Program Aims To Prep Soldiers For Civilian Jobs

Originally published on Tue January 15, 2013 10:11 am

Minnesota National Guard Capt. Jeff Pratt, who has nearly 20 years of military service under his belt, found a civilian job with the help of a new jobs program led by the Minnesota National Guard.
Jennifer Simonson for NPR

Thousands of Minnesota soldiers deployed in Kuwait woke up to a surprise last spring. Just weeks before the end of their tour, a group of corporate recruiters in business-casual attire showed up on base. The first-of-its kind visit was part of a new strategy to help returning service members find civilian jobs before their feet even hit U.S. soil.

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4:33am

Mon January 14, 2013
Business

Football Playoffs Are Moneymakers For NFL, Advertisers

Originally published on Mon January 14, 2013 3:27 pm

Transcript

STEVE INSKEEP, HOST:

The NFL playoffs are down to four teams. The 49ers, Patriots, Falcons and Ravens remain alive. Four other teams are gone, including the Denver Broncos, who seemed to have a great shot at a championship until this past weekend when Baltimore scored a last-minute touchdown to tie the game and then won in overtime.

These playoffs, of course, lead up to the Super Bowl, the biggest game in football and surely among the biggest commercial events in all of sports.

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