Business

5:50am

Wed November 7, 2012
Business

Media Companies Benefit From Political Ads Binge

Originally published on Wed November 7, 2012 10:31 am

Media companies are counting themselves among the winners in the 2012 election. SuperPAC spending on political ads will push the total amount spent past 2008 totals. The biggest beneficiaries are the usual suspects: Comcast, Disney, NewsCorp and CBS, but also locally owned TV and radio stations — especially those in swing states like Ohio and Florida.

5:50am

Wed November 7, 2012
Economy

Economy Looms Large Over Obama's 2nd Term

Originally published on Wed November 7, 2012 10:31 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with a dive on Wall Street. Just this minute, the Dow Jones Industrial Average is down about 317 points. It's considered the worst drop of the year, so far. We're a little bit before noon in New York City. What's going on? We're going to try to find out. We're joined now by DavidWessel, economics editor of The Wall Street Journal. And David, as best you can determine, what's driving the drop?

Read more

5:50am

Wed November 7, 2012
Business

The Last Word In Business

Originally published on Wed November 7, 2012 10:31 am

More than an hour before taking the stage to formally announce his re-election, @Barack Obama tweeted his victory. He wrote, "This happened because of you." Obama was one of millions of people who tweeted on Election Day. Traffic on the social networking site peaked at 11:19 p.m. Tuesday when the TV networks called the race.

5:50am

Wed November 7, 2012
Economy

Obama Pledges To Complete Economic Recovery

Originally published on Wed November 7, 2012 10:31 am

Transcript

RENEE MONTAGNE, HOST:

The economy has been a central issue in this presidential election, but it has been improving little by little. In the end, President Obama handily rolled to reelection, pledging, last night, to complete the country's recovery. For more, we turn to economic correspondent John Ydstie. Good morning.

JOHN YDSTIE, BYLINE: Hi, Renee.

MONTAGNE: Now, the weak economy was what Republicans hoped would unseat the president and that did not happen. What are the reasons for that?

Read more

5:22am

Wed November 7, 2012
It's All Politics

After Election, Congress Turns To 'Fiscal Cliff,' Other Money Issues

Originally published on Wed November 7, 2012 10:40 pm

If Congress fails to address the alternative minimum tax, millions of households could see their federal 2012 tax bills jump.
iStockphoto.com

For months, Americans have been watching the presidential political drama play out nightly on the news. Now, with President Obama's victory, that story is ending.

But for the economy, an action thriller is just beginning.

Congress has just weeks to jump to the rescue of an economy moving closer and closer to the so-called fiscal cliff. That phrase refers to a $600 billion cluster of automatic spending cuts and tax hikes — all coming together at year's end.

Read more

2:17am

Wed November 7, 2012
It's All Politics

Business, Labor Groups Laud Obama Victory

Exit polls showed the economy was Issue No. 1 with voters in this presidential election. And it didn't take long for labor organizers and business leaders to start offering their thoughts on the re-election of President Obama.

Because of White House policies, the U.S. economy is "beginning to pick up steam," AFL-CIO President Richard Trumka said in a statement. He cheered Obama's win and put congressional Republicans on notice that Democrats will focus on "ending the Bush tax cuts for the rich and opposing any cuts to Social Security, Medicare, or Medicaid benefits."

Read more

11:19am

Tue November 6, 2012
Your Money

Angie's Tips On Avoiding Storm Scams

Originally published on Tue November 6, 2012 12:03 pm

Severe weather could be headed for regions hard hit by superstorm Sandy, so many homeowners are scrambling to make repairs. The rush might make them vulnerable to so-called storm chasers — con artists posing as contractors. Host Michel Martin speaks with Angie Hicks, founder of the website Angie's List, for tips on how to avoid home repair scams.

5:41am

Tue November 6, 2012
Business

Kodak Retirees To Lose Health Benefits

Originally published on Tue November 6, 2012 12:18 pm

Transcript

RENEE MONTAGNE, HOST:

Eastman Kodak received approval yesterday to end retiree benefits by year's end. The ruling in a New York State court will save the company millions as it emerges from bankruptcy. It will also mean higher health care costs for thousands of retirees and their families.

Carlet Cleare of member station WXXI reports.

CARLET CLEARE, BYLINE: Retiree Alyce Hahn says Kodak's decision and yesterday's court ruling has left her with a sense of betrayal.

Read more

5:41am

Tue November 6, 2012
Business

Gamers Welcome 'Halo 4'

Originally published on Mon September 16, 2013 2:36 pm

Transcript

STEVE INSKEEP, HOST:

Millions of Americans stand in line today to vote. Last night, thousands of Americans lined up to buy one of the most anticipated new video games of the year. "Halo 4" is the latest installment of the popular franchise for the Microsoft Xbox 360. Some younger gamers refer to "Halo" as their "Star Wars," a cultural touchstone. Now, after a five-year hiatus, the game's hero - the Master Chief - returns.

Noah Nelson reports.

(SOUNDBITE OF "HALO" CHORAL MUSIC)

Read more

5:41am

Tue November 6, 2012
Politics

Alternative Minimum Tax Could Affect 25 Million Taxpayers

Originally published on Tue November 6, 2012 12:18 pm

Transcript

STEVE INSKEEP, HOST:

Now, let's talk about what's at stake for the winners - our latest installment in the series we're calling "Fiscal Cliff Notes."

(SOUNDBITE OF BROADCAST MONTAGE)

UNIDENTIFIED MAN #1: On January 1st, 2013, there's going to be a massive fiscal cliff - of large spending cuts...

UNIDENTIFIED WOMAN #1: From the painful cuts to the Defense Department, food safety, education...

UNIDENTIFIED MAN #2: The Bush tax cuts, the payroll tax cuts...

UNIDENTIFIED MAN #3: Taxmaggedon.

Read more

Pages