Business

5:30am

Thu January 3, 2013
Business

Business News

Originally published on Thu January 3, 2013 7:28 am

The credit-ratings agency Moody's said this weeks' deficit reduction deal did not produce "meaningful improvement" to the issue at hand. That issue: the debt burden and economic output. Moody's warned that if improvements were not made, the agency could downgrade the U.S. credit rating.

5:30am

Thu January 3, 2013
Business

The Last Word In Business

Originally published on Thu January 3, 2013 7:35 am

Transcript

DAVID GREENE, HOST:

And that brings us to today's last word in business: melty money.

The Bank of Canada released new hundred dollar bills in 2011. The high-tech bank notes are made of polymers. They're sort of like plastic bills. The goal was to make them indestructible. They were put through a lot of tests. They were put through the wash, frozen, boiled. But some Canadians who have their hands on the money say the plastic bills melt when subjected to extreme heat.

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4:59am

Thu January 3, 2013
Economy

What Is A Good Unemployment Number, Really?

Originally published on Thu January 3, 2013 6:50 am

On Friday, new unemployment numbers will be released for December. In last month's report, the unemployment rate dropped to 7.7 percent, a four-year low. For a preview of the labor market prospects for the new year, Steve Inskeep talks to Nariman Behravesh, chief economist at IHS Global Insight, an international consulting firm.

5:10pm

Wed January 2, 2013
Business

Some Frustrated After Congress Kicks The Can On Debt Ceiling, Spending Cuts

Originally published on Wed January 2, 2013 7:51 pm

Throughout the fiscal cliff drama, business leaders pressed Washington for a deal. But the limited nature of the bill that passed is unlikely to make many business leaders happy.

5:10pm

Wed January 2, 2013
Business

Avis And Zipcar Partnership Could Reshape Rental Business

Originally published on Wed January 2, 2013 7:51 pm

Transcript

AUDIE CORNISH, HOST:

From NPR News, it's ALL THINGS CONSIDERED. I'm Audie Cornish.

ROBERT SIEGEL, HOST:

I'm Robert Siegel. And here's a case of an old business colossus buying up a scrappy innovator. Avis, the traditional car rental company, is buying Zipcar for $500 million. Zipcar is the car-sharing company with the slogan: Wheels when you want them. NPR's Jim Zarroli reports the deal illustrates how car sharing is reshaping the rental business and drawing in a new demographic.

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5:10pm

Wed January 2, 2013
All Tech Considered

Tech Idea List: Five Nerds To Watch In 2013

Originally published on Thu January 3, 2013 12:32 pm

Gina Bianchini speaks during a conference in Palm Desert, Calif., in 2010. She is founder of Mightybell, a company she hopes will unlock social media's power by helping small groups organize easily and quickly in the real world.
Francis Specker Landov

1:30pm

Wed January 2, 2013
It's All Politics

'Rum Cliff' And Other Close Shaves In The Tax, Spending Deal

Originally published on Wed January 2, 2013 3:12 pm

The 'rum tax' is extended.
istock

You might have thought the intense partisan negotiations over the so-called fiscal cliff were all about who wins and who loses when it comes to taxes and government programs.

And that assessment would be essentially correct — but some of the winners might strike you as a bit odd.

Tucked away in the bill's obscure cul-de-sacs are a bevy of obscure tax and spending provisions. We picked five for your perusal. Here goes:

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1:09pm

Wed January 2, 2013
Economy

Economists See (OK-ish) Growth In 2013

Originally published on Thu January 3, 2013 9:07 am

Farmer Randy Dreher unloads corn from his combine during harvest north of Audubon, Iowa. Farm exports are booming and high global prices are helping growers despite the U.S. drought.
Gary Fandel/Iowa Farm Bureau AP

Suddenly, the new year is looking a bit brighter — at least in the eyes of most economists and investors.

On Day 1 of 2013, Congress voted to veer away from the "fiscal cliff" by passing a package of provisions that avoided broad tax hikes and big spending cuts. And on Day 2, stock prices shot up.

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11:18am

Wed January 2, 2013
The Two-Way

Financial Markets Cheer 'Fiscal Cliff' News

Originally published on Wed January 2, 2013 5:08 pm

Looking up: Traders on the floor of the New York Stock Exchange earlier today.
Spencer Platt Getty Images

Though more big battles lie ahead in Washington, Wall Street is following the lead of financial markets around the world in giving a thumbs-up to the deal that kept the federal government from going completely over the so-called fiscal cliff.

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6:49am

Wed January 2, 2013
Around the Nation

FTC Offers $50,000 Reward To Help Stop Robocalls

Originally published on Wed January 2, 2013 1:53 pm

The Federal Trade Commission will award $50,000 to an individual or small company that comes up with the best solution for blocking illegal robocalls.
iStockphoto.com

Unwanted telemarketing calls, trademarked for interrupting dinners across the nation, have become such a nuisance over the years that the Federal Trade Commission is calling for help to stop the illegal robocalls.

The agency receives more than 200,000 complaints a month about the prerecorded messages, which offer everything from credit cards to new medications.

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