Business

5:23am

Tue November 20, 2012
Business

The Last Word In Business

Originally published on Tue November 20, 2012 7:29 am

Transcript

RENEE MONTAGNE, HOST:

And today's last word in business: 'Tis the season for shopping days with names.

LINDA WERTHEIMER, HOST:

It's not just Black Friday anymore. With stores opening earlier and earlier, Black Friday is fast becoming Black Thursday. You might still go out and bargain hunt on Friday, but be warned, there's no rest for you on Saturday. There's now Small Business Saturday, when shoppers are encouraged to buy from local stores.

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5:23am

Tue November 20, 2012
Business

The Origin Of The Term Fiscal Cliff

Originally published on Tue November 20, 2012 7:20 am

The fiscal cliff has economists and politicians in a tailspin. The term is used to describe what will happen if Congress fails to come to an agreement on budget cuts or tax increases by the end of the year. Some say the term is inaccurate, and somewhat alarmist. Linda Wertheimer talks to linguist and Boston Globe language columnist Ben Zimmer about the origin of the term fiscal cliff.

5:23am

Tue November 20, 2012
Business

Business News

Originally published on Tue November 20, 2012 7:25 am

Transcript

LINDA WERTHEIMER, HOST:

NPR's business news begins with mortgage hiring.

(SOUNDBITE OF MUSIC)

WERTHEIMER: Banks are rushing to add employees to meet the demand for home loans. Low interest rates have sparked a record wave of mortgage activity, and the need for more people to process the paperwork. Mortgage employment rose by 9 percent this year, to its highest level since the financial crisis in 2008. Transcript provided by NPR, Copyright National Public Radio.

3:20am

Tue November 20, 2012
Business

Tempted By Holiday Discounts, Consumers 'Self-Gift'

Originally published on Tue November 20, 2012 5:23 am

People crowd the aisles inside Macy's department store Nov. 25, 2011, in New York after the midnight opening to begin the "Black Friday" shopping weekend.
Stan Honda AFP/Getty Images

Have you ever been out shopping for other people during the holiday season, and the sales were so good you couldn't help but buy something for yourself?

The National Retail Federation calls that self-gifting, and says that this year consumers who do it plan to spend an average of about $140.

Spokeswoman Kathy Grannis says that's the most in the 10 years the NRF has been asking shoppers about the trend.

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5:52pm

Mon November 19, 2012
It's All Politics

Fiscal Cliff Siren: Meet The Man Behind The Curtain

Originally published on Mon November 19, 2012 8:28 pm

Peter G. Peterson speaks at the Fiscal Summit in Washington, D.C., last year. The event was sponsored by the Peter G. Peterson Foundation.
Jason Reed Reuters/Landov

Debate over the long-term debt and the annual deficit has dominated the post-election agenda. Both the White House and Congress want to avert massive budget cuts and tax hikes early next year, a situation popularly called the "fiscal cliff."

The challenge has been brewing for years. But its current prominence owes much to the decades-long lobbying of billionaire Peter G. Peterson and his private foundation.

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4:41pm

Mon November 19, 2012
Business

Tech Week Ahead: Intel CEO To Retire Early

Originally published on Mon November 19, 2012 5:52 pm

Audie Cornish and Robert Siegel talk about the tech week ahead. They cover the announcement that Intel CEO Paul Otellini plans to retire early and will step down next year.

3:17pm

Mon November 19, 2012
The Two-Way

Maybe Twinkies Do Last Forever: Union, Hostess Headed To Mediation

Originally published on Tue November 20, 2012 8:43 am

The big name in the Hostess lineup.
Scott Olson Getty Images

"Twinkies Saved! Hostess, Bakers Union Agree to Mediation, Avoiding Shutdown."

That's the "alert" this hour at CNBC.com.

Reuters has issued this "bulletin":

"US BANKRUPTCY JUDGE SAYS PARTIES AGREE TO MEDIATION ON TUESDAY IN HOSTESS CASE."

And according to The Associated Press:

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2:29pm

Mon November 19, 2012
Opinion

Working On Thanksgiving?: Reasons To Be Grateful

Originally published on Wed November 21, 2012 2:42 pm

Transcript

JENNIFER LUDDEN, HOST:

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2:26pm

Mon November 19, 2012
Planet Money

The U.S. Is Borrowing Less From China, More From Everybody Else

Lam Thuy Vo / NPR

In popular U.S. mythology, China is the creditor-bogeyman. Japan is the place where robots take care of old people.

Mythology notwithstanding, Japan is about to pass China as the biggest foreign lender to the U.S. government.

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10:25am

Mon November 19, 2012
The Two-Way

Good Signs: Home Sales Are Up; Builders' Confidence Is Also Higher

Originally published on Mon November 19, 2012 2:39 pm

This home sold last month in Miami.
Joe Raedle Getty Images

Two positive economic indicators:

-- "Sales of existing homes increased in October, even with some regional impact from Hurricane Sandy, while home prices continued to rise due to lower levels of inventory supply," the National Association of Realtors reports.

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