NPR Business

Law
3:25 am
Wed December 26, 2012

Wall Street Wiretaps: Investigators Use Insiders' Own Words To Convict Them

Raj Rajaratnam, center, billionaire co-founder of Galleon Group, is surrounded by photographers as leaves Manhattan federal court May 11 after being convicted of insider trading charges.
Mary Altaffer AP

Originally published on Wed December 26, 2012 6:07 am

It was another busy year for federal authorities pursuing insider trading cases. Seventy-five people have now been charged in the last three years, and investigators say that success comes largely from their decision to attack insider trading the way they take down the Mafia and drug cartels — with tools such as wiretaps, informants and cooperators.

The story behind how the government decided to go after insider trading as hard as it goes after the mob is really just a story about dead ends.

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Books
10:18 am
Tue December 25, 2012

Literary Iceland Revels In Its Annual 'Christmas Book Flood'

A shopper browses in a branch of the Icelandic book chain Penninn-Eymundsson.
Courtesy of Bryndís Loftsdottir

Originally published on Wed December 26, 2012 2:46 am

In the United States, popular holiday gifts come and go from year to year. But in Iceland, the best Christmas gift is a book — and it has been that way for decades.

Iceland publishes more books per capita than any other country in the world, with five titles published for every 1,000 Icelanders. But what's really unusual is the timing: Historically, a majority of books in Iceland are sold from late September to early November. It's a national tradition, and it has a name: Jolabokaflod, or the "Christmas Book Flood."

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Around the Nation
6:16 am
Tue December 25, 2012

'Morning Edition' Salutes Those Working On Christmas

Originally published on Tue December 25, 2012 9:42 am

Transcript

DAVID GREENE, HOST:

We hope that you're spending this holiday around the people who matter most in your lives. But not everyone has the day off. And we wanted to hear from people who are working today. So, we called out on NPR's Facebook page and we heard back from hundreds of people - from soldiers to snow plow drivers. We called a few of them up and put together this audio portrait of people working today. We're calling it Christmas on the Clock.

LAURA PARKS: Really busy.

BUTCH TRAYLOR: And very hectic.

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Business
6:12 am
Tue December 25, 2012

Is Wall Street's Love Affair With Apple Over?

Originally published on Tue December 25, 2012 9:42 am

Transcript

(SOUNDBITE OF MUSIC)

DAVID GREENE, HOST:

It's MORNING EDITION from NPR News. Good morning. I'm David Greene.

Let's begin our show this Christmas Day with a look back at a business development this year that took many investors by surprise. Just over three months ago, Apple's stock hit a record high - for a few days in September a single share was selling for more than $700. But since then, Apple's stock has tanked. In December, it traded briefly below $500 a share.

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Business
6:08 am
Tue December 25, 2012

The Finale Of '12 Days Of Tax Deductions'

Originally published on Tue December 25, 2012 9:42 am

Transcript

DAVID GREENE, HOST:

Now each day we've been looking at those gifts - big and small - that the government gives us in the form of tax benefits and we have finally hit the final day in our series that we've called the Twelve Days of Tax Deductions.

(SOUNDBITE OF SONG, "TWELVE DAYS OF CHRISTMAS")

GREENE: And so on this 12th day of tax deductions, we thought we would just dig into a grab bag of a lot of deductions you may or may not even know about.

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Business
6:08 am
Tue December 25, 2012

Online Sales Increase 16 Percent This Holiday Season

Originally published on Tue December 25, 2012 9:42 am

Transcript

DAVID GREENE, HOST:

OK, so the final numbers are not in yet, but it looks like the Christmas shopping season was just OK. There were some bright spots, particularly in online sales.

NPR's Ina Jaffe reports.

INA JAFFE, BYLINE: The frenzy of Black Friday calmed down considerably over the course of the Christmas shopping season. Major chains began offering big discounts as the holiday approached and that'll cut into profits.

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Business
6:08 am
Tue December 25, 2012

Business News

Originally published on Tue December 25, 2012 9:42 am

Transcript

(SOUNDBITE OF MUSIC)

DAVID GREENE, HOST:

NPR's business news starts with possible port shutdowns.

A federal mediator says port operators and workers will start talking to each other again. The clock is ticking because a contract extension expires Saturday for longshoremen from Maine to Texas. Talks broke down last week. Retailers are pushing hard for mediation. Transcript provided by NPR, Copyright National Public Radio.

Business
6:08 am
Tue December 25, 2012

The Last Word In Business

Originally published on Tue December 25, 2012 9:42 am

Transcript

DAVID GREENE, HOST:

And today's last word in business: Dueling Santa Trackers.

We've heard for a while how NORAD tracks Santa's progress on Christmas Eve. Turns out Google is following Santa's path as well. But when NORAD, powered by Microsoft, placed him over Japan, Google cited him over Australia. When Google had him in Iceland, NORAD said no, it was Argentina. Both say he's made all of his drop-offs though, which means he's not using Apple Maps.

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

Economy
4:03 am
Tue December 25, 2012

Back To The Economy Of The '90s? Not So Fast

A lone employee oversees Hewlett-Packard workstations being assembled at a plant on Jan. 1, 1993. Huge improvements in computer technology propelled the economy during that decade.
Ovak Arslanian Time

Originally published on Tue December 25, 2012 9:42 am

Throughout the debate over taxes and the "fiscal cliff," there's been a lot of looking backward — to the 1990s. The economic expansion of the 1990s was the longest in recorded American history.

Democrats say the economy thrived under the leadership of President Bill Clinton, including his tax rate increase on high earners. Republicans say government didn't spend as much then and that growth didn't really take off until the GOP took control of Congress in 1995.

So what actually happened in the '90s? What made them tick?

A Unique Boom

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Business
3:57 pm
Mon December 24, 2012

Lower Energy Prices Could Inspire U.S. Auto Industry Renaissance

Originally published on Mon December 24, 2012 5:18 pm

Robert Siegel reviews the top auto news of 2012 with Dan Neil, automotive columnist for The Wall Street Journal.

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