Business

11:03am

Mon November 26, 2012
The Two-Way

SEC Chief Schapiro Is Leaving

Originally published on Mon November 26, 2012 12:15 pm

Securities and Exchange Commission Chairman Mary Schapiro.
Kevin Dietsch UPI /Landov

(We updated the top of this post at 11:50 a.m. and 12:15 p.m ET):

Moving quickly after the announcement that Securities and Exchange Commission Chairman Mary Schapiro is leaving on Dec. 14, the White House just said that President Obama has designated SEC Commissioner Elisse Walter to be her replacement.

In a statement, the president says:

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7:36am

Mon November 26, 2012
The Two-Way

'Cyber Monday,' 'Giving Tuesday;' Then 'Weeping Wednesday?'

Originally published on Mon November 26, 2012 11:15 am

The scene at the registers in a Braintree, Mass., Target store on Black Friday.
Allison Joyce Getty Images

After Grey Thursday, Black Friday, Small Business Saturday and No Clever Name For It Sunday, we're on to Cyb

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6:34am

Mon November 26, 2012
Business

How Much Would '12 Days Of Christmas' Cost This Year?

Originally published on Mon November 26, 2012 9:44 am

Transcript

STEVE INSKEEP, HOST:

OK. If you love is not into Legos, you might consider buying the gifts from the song "The 12 Days of Christmas." But it's going to cost you. Today's last word in business is: Christmas Price Index.

Each year, PNC Wealth Management adds up all 364 items in the old Christmas carol, you know, the swans, the geese, the golden rings - and comes up with a price tag. This year the presents will set you back more than $107,000. That's up more than six percent from last year.

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5:18am

Mon November 26, 2012
Business

Is Charging Customers For Returns Bad Business?

Originally published on Mon November 26, 2012 9:44 am

Transcript

STEVE INSKEEP, HOST:

NPR News business news starts with a shopping bonanza.

(SOUNDBITE OF MUSIC)

INSKEEP: American shoppers turned out in record numbers over the holiday weekend. The National Retail Federation says that since Thursday some 247 million people - that would be most of us - visited brick and mortar stores and retail websites spending more than $59 billion - up 13 percent over last year. And now, with Black Friday and Small Business Saturday behind us, online retailers get to take center stage with Cyber Monday.

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4:50am

Mon November 26, 2012
The Salt

At His Own Risk, Somali Chef Creates Gourmet Haven In War-Weary Mogadishu

Originally published on Mon November 26, 2012 4:48 pm

Somali chef Ahmed Jama holds up freshly caught spiny lobsters he's about to cook in one of his restaurants in Mogadishu.
John Burnett NPR

Ahmed Jama was running a successful Somali cafe in southwest London when he decided it was time to go home. Against the urgent advice of friends, he returned to Mogadishu three years ago and started cooking.

Jama epitomizes the spirit of rebirth in the city that has been brutalized by 21 years of civil war. As expatriates return to take their homeland back from warlords, terrorists and looters, Jama is doing his part to revive Mogadishu one prawn at a time.

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4:50am

Mon November 26, 2012
Business

An Entrepreneur Expands The Lego Universe

Originally published on Mon November 26, 2012 4:49 pm

The bodies of these World War II U.S. Marines and Western Front soldiers are made by Lego, while the helmets and weapons are made by BrickArms. The uniforms are designed and printed by BrickArms.
Will Chapman

Lots of good business ideas have emerged from kids' play. Seattle-area resident Will Chapman could thank his youngest son. At the age of 9, he wanted to know all he could about World War II and was using Lego toys to act out history. But his son was stymied — he couldn't find all the pieces he wanted.

Each year Lego turns out 19 billion plastic bricks, figures and gears for building things. But sometimes, it seems, even 19 billion isn't enough.

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4:49am

Mon November 26, 2012
U.S.

'Giving Tuesday': The Start Of A Holiday Tradition?

Originally published on Mon November 26, 2012 4:50 pm

First, there was the post-Thanksgiving sales spectacle Black Friday and then the online version, Cyber Monday. Now, charitable groups want to start a new holiday tradition — it's called Giving Tuesday and the first one is tomorrow.

It may seem a little surprising that no one came up with the idea before of designating a specific day to help launch the holiday charitable giving season.

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6:34am

Sat November 24, 2012
Business

Retail Arms Race Escalates To New Level

Originally published on Sat November 24, 2012 10:30 am

Transcript

SCOTT SIMON, HOST:

In American retail history, this may be the year that Black Friday shaded into Thursday night. Toys "R" Us, Wal-Mart, several other retailers opened on Thursday night, Thanksgiving night, and on Friday, many other online retailers offered flash sales - special deals lasting just a couple of hours. Patty Edwards is the chief investment officer for Trutina Financial, a financial services firm in Washington state. She joins us from member station KUOW in Seattle. Thanks so much for being with us.

PATTY EDWARDS: Absolutely my pleasure.

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5:43am

Sat November 24, 2012
Europe

Glitzy Burgundy Wine Auction Taps Celebrities

Originally published on Sat November 24, 2012 2:09 pm

France's former first lady Carla Bruni-Sarkozy, auctioneer Francois de Ricqles and former soccer coach Guy Roux preside over the 152nd Hospices de Beaune wine auction Sunday in Beaune, France. The charity auction raised an all-time high of $7.5 million, which goes to area hospitals.
Tardivon Jean-Christophe Maxppp /Landov

For the last century and a half, the wine season in France's grape-growing region of Burgundy has revolved around one major commercial event. On the third Sunday in November, hundreds of barrels of the recent harvest are sold to the highest bidder in a charity wine auction. The historic event, which took place this year on Nov. 18, has evolved into an A-list rendezvous for the power players in the international wine industry.

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5:22am

Sat November 24, 2012
Business

More Shopping? Small Retailers Want Your Business

Originally published on Sat November 24, 2012 1:04 pm

A flag urges customers to shop locally near a store in Boalsburg, Pa., on Friday. Owners of small stores hope to get a boost from Small Business Saturday.
Genaro C. Armas AP

Jammed between Gray Thursday, Black Friday and Cyber Monday is yet another day devoted to shopping: Small Business Saturday.

Wallets are expected to open yet again on Saturday — this time for mom-and-pop stores. Main Street in Littleton, Colo., is filled with them. The street is lined with small bars and restaurants along with other businesses, including a spice store and a men's clothing boutique.

Dave Drake owns Colorado Frame and Savvy Stuff, the "savvy stuff" being women's accessories, purses, scarves and decorations.

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