Business

5:12pm

Mon November 26, 2012
Books

Independent Bookstores Find Their Footing

Originally published on Mon November 26, 2012 6:18 pm

President Obama and daughters Sasha and Malia go shopping at a small bookstore, One More Page, in Arlington, Va. This is shaping up to be a better holiday season for independent booksellers than in past years.
J. Scott Applewhite AP

In recent years, the start of the holiday shopping season has meant nothing but gloom for independent bookstores. But this year, the mood seems to be lifting, and a lot of booksellers are feeling optimistic. Even President Obama kicked off his Christmas shopping at a neighborhood bookstore in Northern Virginia.

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4:48pm

Mon November 26, 2012
Business

Holiday Season May Be A Good One For U.S. Retailers

Originally published on Mon November 26, 2012 6:18 pm

Cyber Monday saw a big retail push following a Black Friday that expanded into Thanksgiving Day. The big question now is whether all the early shopping will boost total holiday sales or just push them up earlier on the calendar.

4:48pm

Mon November 26, 2012
Business

Head Of SEC To Step Down After Four Years

Originally published on Mon November 26, 2012 6:18 pm

Securities and Exchange Commission (SEC) chairwoman Mary Schapiro is stepping down. She took over the agency in 2009 as it was reeling from criticism over the financial crisis and the Bernard Madoff's Ponzi scheme. Schapiro is credited as a consensus builder who restored some stability to the SEC. She is being replaced by SEC commissioner Elisse Walter.

4:19pm

Mon November 26, 2012
Business

A Jolly Christmas? Retailers Count The Extra Days

Originally published on Tue November 27, 2012 8:49 am

Shoppers line up in a Best Buy store in Rockville, Md., during a Black Friday sale. Thanksgiving weekend sales jumped nearly 13 percent from last year, the National Retail Federation says.
Mandel Ngan AFP/Getty Images

For merchants, the stars are lining up — at least so far.

Online shopping jumped more than 28 percent on Cyber Monday compared with a year ago, according to IBM Benchmark. And the National Retail Federation says Thanksgiving weekend spending shot up to $59.1 billion, nearly 13 percent more than last year's $52 billion.

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2:56pm

Mon November 26, 2012
The Two-Way

News Outlets Punk'd, Somebody Profits: Google Wi-Fi Buy Is A Hoax

Google.com

This Associated Press report today wasn't true:

"Google has bought an operator of Wi-Fi hotspots in high-traffic locations such as airports, hotels and fast-food restaurants. Google Inc. is paying $400 million for ICOA Inc., a Warwick, R.I., company, as part of the search company's efforts to diversify its portfolio."

It was so wrong, in fact, that the AP later moved a "KILL BULLETIN" saying it was:

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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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