Marketplace Morning Report for Monday, December 31, 2012
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Lawmakers have a few more hours to cut a deal to avoid the sharp tax increases and spending cuts of the fiscal cliff. Many issues remained unresolved and another looming tax adjustment, the Alternative Minimum Tax, could hit millions of Americans with a whopping tax hike next year. Makers of hybrid and electric cars are increasing their offerings despite a somewhat disappointing roll-out of vehicles like the Nissan Leaf and Chevy Volt. And, as the year comes to a close, we're looking at what's ahead in heath care for 2013.
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Amidst the fiscal cliff festivities, we'll hear about one part of the government that is making money -- and a lot of it. We'll also talk about record profits at OPEC. And in California, prospective bosses can no longer make you log them into your Facebook account.
Posted In: bankruptcy, news media, media
After four years the Tribune Company emerges from bankruptcy today. The media conglomerate includes the L.A. Times, the Chicago Tribune, a handful of TV stations and a big slice of the Food Network.