NPR Business

The Two-Way
12:26 pm
Fri December 28, 2012

Port Strike Averted As Dock Workers, Terminal Operators Agree To Extension

Originally published on Fri December 28, 2012 4:46 pm

Longshoremen and East Coast and Gulf Coast port operators have agreed to an extension on labor negotiations, a federal mediator said Friday, averting a potentially crippling strike that would have halted container traffic at many of the nation's largest seaports.

Update at 4:45 p.m. ET: The temporary deal extends the contract to Feb. 6.

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Planet Money
6:50 am
Fri December 28, 2012

The 'Fiscal Cliff' And The Art Of Negotiating

The tortuous negotiations involved in the "fiscal cliff" talks are like a chess game. The opponents follow rules and techniques. Negotiating is part science, part art, and everyone does it in their daily lives.

Politics
6:48 am
Fri December 28, 2012

'Fiscal Cliff' Countdown: 4 Days Until The Plunge

So far there are no signs of a breakthrough in talks between Democrats and Republicans in Washington to stave off the tax hikes and spending cuts set to take effect on New Year's Day. President Obama has summoned top congressional leaders for talks at the White House on Friday.

Business
6:37 am
Fri December 28, 2012

What's In Store For The Airline Industry In 2013?

Events in the new year could include the biggest airline merger ever. For months, a deal between American Airlines and U.S. Airways has been talked about. The new year is also likely to bring slightly higher domestic ticket prices and some new planes.

Environment
6:37 am
Fri December 28, 2012

Administrator Lisa Jackson To Leave EPA

Originally published on Fri December 28, 2012 3:32 pm

Transcript

RENEE MONTAGNE, HOST:

Also last month, the head of the Environmental Protection Agency joked to an environmental law conference: Everyone who wants my job, stand up. Yesterday, Lisa Jackson turned serious and made it official: She's leaving the EPA next month.

As NPR's Selena Simmons-Duffin reports, there are mixed feelings about Jackson's departure.

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Business
6:37 am
Fri December 28, 2012

SEC Filing Reveals Apple CEO's Pay Package

Originally published on Fri December 28, 2012 7:14 am

Transcript

DAVID GREENE, HOST:

NPR's business news starts with a big pay cut.

(SOUNDBITE OF MUSIC)

GREENE: Apple hit a big milestone this year when it became the most highly valued public company in history. So it may be a surprise to hear that Apple's CEO, Tim Cook, saw a big dip in salary - like, a 99 percent dip.

Business
6:37 am
Fri December 28, 2012

The last Word In Business

Originally published on Fri December 28, 2012 7:18 am

Transcript

RENEE MONTAGNE, HOST:

And our last word in business has the Second City coming in first, but I have a feeling this will not be a source of pride. In 2013, Chicago will have the most expensive parking meters in North America.

DAVID GREENE, HOST:

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Books
4:23 pm
Thu December 27, 2012

E-Books Destroying Traditional Publishing? The Story's Not That Simple

Publishers are finding that flexible pricing on e-books can help bring in new readers.
iStockphoto.com

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

What counts as a book these days, in a world of Kindles, Nooks and iPads — and eager talk about new platforms and distribution methods?

Traditional publishers are traveling a long and confusing road into the digital future. To begin with, here's the conventional wisdom about publishing: E-books are destroying the business model.

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It's All Politics
4:23 pm
Thu December 27, 2012

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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The Two-Way
8:45 am
Thu December 27, 2012

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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