Business

11:57am

Wed January 16, 2013
Business

Small Business Owners Turn To Friends For Money

Starting a small business hasn't been easy lately. People are now turning to their peers for funding after being denied credit from big banks. But that has its own set of risks and rewards. Host Michel Martin explores the future of small business in 2013.

8:51am

Wed January 16, 2013
The Two-Way

Inflation Rate Slowed Sharply In 2012; Prices Were Flat In December

Originally published on Wed January 16, 2013 10:21 am

The cost of a gallon of gas kept rising last year, but not at the torrid pace of 2010 and 2011. That helped keep inflation in check.
Joe Raedle Getty Images

Consumer prices rose just 1.7 percent in 2012, the Bureau of Labor Statistics reports. That's about half the pace of 2011 — when prices went up 3 percent.

In December, BLS says, prices were unchanged.

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5:37am

Wed January 16, 2013
Business

Business News

Originally published on Wed January 16, 2013 6:52 am

The new figure predicts the world economy will grow by only 2.4 percent this year — lower than the 3 percent the World Bank predicted last June. Among the reasons the bank cited for the new forecast: the continued economic weakness of developed countries.

5:37am

Wed January 16, 2013
Business

The Last Word In Business

Originally published on Wed January 16, 2013 6:56 am

The online retailer Cafe Press is happy to sell you inaugural mouse pads, shot glasses, and mugs. And the merchandise is bipartisan, including a sweatshirt with the message: "I was Anti-Obama Before It Was Cool."

5:37am

Wed January 16, 2013
Business

Who Is The Real Victims Of The NHL Lockout?

Originally published on Wed January 16, 2013 5:59 am

Transcript

RENEE MONTAGNE, HOST:

The lockout is over and the much delayed National Hockey League's season is now set to begin on Saturday. The regular season will run 48 games instead of the usual 82.

So what's the economic effect of missing almost half the season? NPR's Mike Pesca finds, not as bad as you might think.

MIKE PESCA, BYLINE: We've all seen the reports during the lockout, the empty bar near the arena should be brimming with Bruins backers or a Washington Avalanche acolytes. Or maybe it's not a bar. Maybe it's pizza in Pittsburgh.

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5:37am

Wed January 16, 2013
Business

Sick Workers' Dilemma: Stay Home Or Go To Work?

Originally published on Wed January 16, 2013 8:18 am

Chaim Gross, 24, is known as "Patient Zero" at his company Zeno Radio. About half of the workers have fallen ill in the past couple of months.
Ailsa Chang NPR

As the earliest flu outbreak in years continues to claim victims, businesses are taking a hit, too. They're faced with an unsolvable problem: If they tell too many sick employees to stay home, the work doesn't get done. But when people sick with flu and other bugs show up, they're spreading illness through the workplace.

It's a dilemma the staff at Zeno Radio, a media technology company in Midtown Manhattan, has seen unfold this winter.

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3:07am

Wed January 16, 2013
Planet Money

Is Herbalife A Pyramid Scheme?

Originally published on Wed January 16, 2013 6:34 pm

Susan Goldman AP

Herbalife, a company that sells weight loss shakes, vitamins and other similar products, is worth billions of dollars. The company has been around for more than 30 years, and it's traded on the New York Stock Exchange.

Bill Ackman thinks the whole thing is a pyramid scheme.

Ackman manages a hedge fund that has shorted more than a billion dollars' worth of Herbalife stock. If the stock falls — and Ackman says he thinks it will fall all the way to zero — the fund will make money.

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2:09am

Wed January 16, 2013
All Tech Considered

'It's About Time': Facebook Reveals New Search Feature

Originally published on Wed January 16, 2013 8:47 am

Facebook CEO Mark Zuckerberg speaks at Facebook headquarters in Menlo Park, Calif., on Tuesday.
Jeff Chiu AP

Facebook has launched a new feature that will let its users search for more detailed information across the social network. Soon, you'll be able to find the restaurants and TV shows your friends like or see every picture they've taken at the Grand Canyon.

As much as users may like the new features, the company hasn't exactly been a Wall Street darling. So, the new feature may be less about you and me and more about Facebook's bottom line.

"It's about time," Nate Elliott, an analyst at Forrester Research, said about the new feature. "It should have been there all along."

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5:47pm

Tue January 15, 2013
Business

Wal-Mart Offers Jobs To Any New Veterans With An Honorable Discharge

Originally published on Tue January 15, 2013 7:54 pm

Transcript

AUDIE CORNISH, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.

ROBERT SIEGEL, HOST:

And I'm Robert Siegel.

Wal-Mart said today that it will soon begin offering a job to any newly discharged veteran who wants one. The offer comes at a time when new veterans are having a tough time finding work. Also, Wal-Mart CEO Bill Simon promised the company will increase the amount of products it buys from domestic sources.

NPR's Jim Zarroli tells us more about both announcements.

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3:29pm

Tue January 15, 2013
The Two-Way

Facebook Unveils Graph Search, Adding A New 'Pillar' To Services

Originally published on Wed January 16, 2013 6:48 am

A sample search of Facebook's new Graph Search feature shows users' photographs. The company says users can also look for music.
Facebook

Users of Facebook will soon have a new search tool at their disposal, the leaders of the company announced Tuesday during a live event. The new Graph Search feature will let those on Facebook sift through photos, people, places, and business pages.

The new search ability will join Facebook users' newsfeed and timeline as "pillars" of their experience, said Facebook CEO Mark Zuckerberg, who predicted Graph Search would become an "amazing resource."

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