Business

3:21am

Fri December 21, 2012
Business

Not Your Grandma's B&B: Traditional Inns Transform For Young Travelers

Originally published on Fri December 21, 2012 11:16 am

Innkeepers are combating old stereotypes about bed and breakfasts. The Abbott Room at the Round Barn Farm in Waitsfield, Vt., was renovated in 2009 to reflect more modern tastes.
Jumping Rocks

There is a war going on. The enemy is an innocuous little piece of ornamental fabric.

When the Professional Association of Innkeepers launched the Death to Doilies Campaign this year, the approach was tongue-in-cheek, but the message of change was serious: The doily has had the run of bed and breakfasts for too long.

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3:21am

Fri December 21, 2012
The Salt

Drought, Economics And Your Holiday Feast

Originally published on Fri December 21, 2012 11:16 am

Think your prime rib holiday dinner is more pricey this year? You're right. But maybe not for the reason you think.
Todd Patterson iStockphoto.com

Nobody really wants to think about economics, the famously dismal science, while sitting down at a table loaded with love and calories. Like it or not, though, supply and demand drive food production and set the price of dinner.

So, in a season of feasts, what are the business stories on your holiday menu?

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5:07pm

Thu December 20, 2012
Business

NYSE To Change Hands In $8.2 Billion Deal

Originally published on Thu December 20, 2012 10:18 pm

Transcript

ROBERT SIEGEL, HOST:

After more than two centuries as an independent company, the New York Stock Exchange is about to change hands. It's being acquired by Atlanta-based IntercontinentalExchange, or ICE, as part of a deal valued at $8.2 billion. In recent years, ICE has exploded in growth.

And as NPR's Jim Zarroli reports, today's announcement is the latest in a series of rapid-fire changes that have transformed the world of stock trading.

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1:47pm

Thu December 20, 2012
Shots - Health News

Merck: Niacin Drug Mix Fails To Prevent Heart Attacks, Strokes

Originally published on Thu December 20, 2012 2:59 pm

Niacin, a B vitamin that raises "good" cholesterol, has failed to benefit heart disease patients when taken in tandem with a statin drug that lowers "bad" cholesterol, according to drug maker Merck.

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10:39am

Thu December 20, 2012
The Two-Way

Sales Of Existing Homes Hit Three-Year High

Originally published on Thu December 20, 2012 11:04 am

San Francisco: A "sold" sign in front of a home earlier this year.
Justin Sullivan Getty Images

There was a 5.9 percent rise in sales of previously owned homes in November from October, the National Association of Realtors says.

At their 5.04 million annual rate, sales were the highest since November 2009.

"Momentum continues to build," NAR chief economist Lawrence Yun says in the organization's report.

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9:13am

Thu December 20, 2012
The Two-Way

NYSE Being Bought For $8.2B By Atlanta-based IntercontinentalExchange

Originally published on Thu December 20, 2012 2:34 pm

The floor of the New York Stock Exchange.
Spencer Platt Getty Images

The New York Stock Exchange will be acquired by IntercontinentalExchange of Atlanta in a deal valued at about $8.2 billion, the two rivals confirmed Thursday morning.

In matching press releases, they say the sale "combines two leading exchange groups to create a premier global exchange operator diversified across markets including agricultural and energy commodities, credit derivatives, equities and equity derivatives, foreign exchange and interest rates."

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8:51am

Thu December 20, 2012
The Two-Way

Third Quarter Economic Growth Revised Up Again

Originally published on Thu December 20, 2012 8:48 am

The best estimate of how quickly the economy was growing in the third quarter has been revised upward again — a sign that as summer turned into fall things were better than first thought.

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5:16am

Thu December 20, 2012
Business

From Shoes To M&M's, Custom-Made Products Take Off Online

Originally published on Thu December 20, 2012 1:53 pm

High school student Jon Ledbetter designs his own "NikeiD" sneakers. Ledbetter can post his designs on Nike's website, where other shoppers can also order them.
Kathy Lohr NPR

It wasn't long ago that all consumers went to retail stores to buy things. These days, of course, you can get just about anything online. Some companies are now taking that shopping experience to the next level, allowing customers to design almost anything individually — from a trench coat to a batch of M&M's.

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5:16am

Thu December 20, 2012
Business

Business News

Originally published on Thu December 20, 2012 11:37 am

Transcript

DAVID GREENE, HOST:

NPR business news starts with a dent in Toyota's safety ratings.

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5:16am

Thu December 20, 2012
Business

The Last Word In Business

Originally published on Thu December 20, 2012 11:37 am

Transcript

STEVE INSKEEP, HOST:

And today's last word in business is something many equate to being as fun as doing taxes - dental work. A dentist in Sweden is offering $45 gift cards. It's an effort to entice 20-somethings who've stopped coming in for cleanings now that they're living on their own. That gift may go over as well as Hermey the elf's ambitions in the 1964 TV special, "Rudolph the Red Nose Reindeer."

CARL BANAS: (as Head Elf) What? You don't like to make toys?

PAUL SOLES: (as Hermey) No.

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