Business

4:23pm

Thu December 27, 2012
It's All Politics

Federal Government Prepares For Uncertain Landing After 'Fiscal Cliff'

Originally published on Thu December 27, 2012 9:40 pm

With negotiations to avoid the "fiscal cliff" uncertain at best, the Obama administration is trying to tamp down anxiety in the federal workforce.

The administration's message to various federal agencies is that there will be little immediate effect on public employees from the budget cuts scheduled to take effect next week if a deal is not reached. Treasury Department employees, for instance, were told not to expect "day to day operations to change dramatically on or immediately after January 2."

For workers, of course, that's good news.

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8:45am

Thu December 27, 2012
The Two-Way

Jobless Claims Fell By 12,000 Last Week

The line at a job fair earlier this month in Manhattan.
John Moore Getty Images

There were 350,000 first-time claims for unemployment benefits last week, down 12,000 from the week before, the Employment and Training Administration reports. That's the lowest level since early March 2008.

The agency adds that "the 4-week moving average," which tends to smooth out some of the volatility that comes with the weekly figures, "was 356,750, a decrease of 11,250 from the previous week's revised average of 368,000."

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4:34am

Thu December 27, 2012
Business

The Last Word In Business

Originally published on Thu December 27, 2012 6:34 am

Transcript

DAVID GREENE, HOST:

Now, if you have BlackBerry at the bottom of the drawer, it turns out it's also at the bottom of the 2012 list of smartphone makers.

Our last word in business is: Bad Call.

The company that makes BlackBerry, Research in Motion, had only 5 percent of the global smartphone market in 2012. That was down from 11 percent the year before. That's according to the market research firm iSuppli. Also in the 5 percent club: Nokia and HTC.

That's the business news on MORNING EDITION, from NPR News. I'm David Greene.

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4:34am

Thu December 27, 2012
Economy

5 Days Left To Avoid 'Fiscal Cliff" Extremes

Originally published on Thu December 27, 2012 5:06 am

President Obama returns to Washington Thursday as do members of the U.S. Senate. They're cutting holiday plans short in hopes of coming up with a deal to avoid the tax hikes and budget cuts set to take effect on Jan. 1.

4:34am

Thu December 27, 2012
Business

What Does Your Desk Drawer Reveal About You?

Originally published on Thu December 27, 2012 5:07 am

What do you keep in your desk drawer at work? Financial Times columnist Lucy Kellaway recently investigated what was in her colleagues' desk drawers, and wrote a column about her findings. She talks to Renee Montagne about some of the items people have, and why they hold on to them.

4:34am

Thu December 27, 2012
Business

Toyota To Settle 'Sudden Acceleration' Lawsuits

Owners of Toyota vehicles that experienced sudden and unintended acceleration have reached a settlement requiring the carmaker to pay as much as $1.4 billion in claims. A judge will review the proposal Friday.

4:34am

Thu December 27, 2012
Business

Real Estate Market Is Expected To Improve In 2013

For the first time in five years, the U.S. housing sector contributed to economic growth in 2012. The foreclosure crisis is evolving and working its way through the system, although there are still lingering concerns.

3:28am

Thu December 27, 2012
Technology

Music-Streaming Services Hunt For Paying Customers

Originally published on Thu December 27, 2012 8:58 am

2012 has been a strange year for content creators — authors, producers, musicians. It was a year when the very idea of physical ownership of a book or CD or even a song file became almost passe.

It was also the year in which music-streaming services like Spotify and Pandora launched major efforts to convince people to pay for something they didn't own. But it's been slow going.

Music-streaming services have been trying to win over two types of customers: a younger generation that doesn't buy at all and an older generation that still likes owning physical albums.

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5:32pm

Wed December 26, 2012
Law

Toyota Reaches $1 Billion Deal On Accelerator Lawsuits

Originally published on Wed December 26, 2012 7:24 pm

A plaintiffs' attorney says Toyota Motor Corp. has reached a settlement exceeding $1 billion in a class-action lawsuit involving complaints of unintended acceleration in its vehicles. Robert Siegel talks with NPR's Sonari Glinton about the deal, which still needs a judge's approval.

5:32pm

Wed December 26, 2012
Economy

The Fed Boosts The Economy, But What About The Risks?

Originally published on Wed December 26, 2012 7:24 pm

Federal Reserve Chairman Ben Bernanke speaks during a news conference in Washington on Dec. 12. Some economists worry the Fed has set the stage for inflation as well as stock and housing bubbles by keeping interest rates low.
Kevin Lamarque Reuters /Landov

The Federal Reserve continued to keep its foot on the accelerator in 2012, using unusual tactics to try to boost economic growth. But there's disagreement among economists about whether the Fed's policies were effective or whether the risks to the economy outweighed the rewards.

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