12/27/11
Marketplace Morning Report for Tuesday, December 27, 2011
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While a temporary deal has been reached in Washington, 2012 doesn't look much better in terms of bipartisanship. FedEx is set to raise its rates beginning in January. In Arizona, many non-industrial businesses are taking up space in warehouses.
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FedEx to raise prices in the coming year
FedEx will start charging higher rates in part so it can afford to hold on to good employees.
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Filling warehouse space in a down economy
Warehouses built in some parts of Arizona are unable to find the proper tenants, and are instead looking to alternative businesses to help fill their spaces.
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Problems remain for Congress in 2012
Decisions over the payroll tax cuts, Bush tax cuts, and a number of equally heated issues are coming up next year, meaning the bickering in Washington, D.C. will probably continue.
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Billy Busch stays true to his beer brewing heritage
So far, the William K. Busch Brewing Company is making just two beers, but owner Billy Busch hopes to expand in the next couple of years.
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Japan to agree on currency deal with India
After signing similar deals with China and Korea, this third move shows that Japan might be on its way back to prominence.
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Charitable giving swells in December
December is a big month for charities, and even in tough times, Americans are giving to those in need.
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Wealth gap between Congress, citizens widens
A new report shows that the net wealth of members of the House of Representatives has doubled since 1984, while the average American's has stayed almost the same.
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PODCAST: Holiday sales up, the price of fake snow
While a temporary deal has been reached in Washington, 2012 doesn't look much better in terms of bipartisanship. FedEx is set to raise its rates beginning in January. In Arizona, many non-industrial businesses are taking up space in warehouses.
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Sears to close dozens of stores in U.S.
A good holiday shopping season for most retailers wasn't enough to help ailing Sears, which will close around 100 stores in the coming months.
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Sears, Kmart to close stores after disappointing sales
Following dismal holiday sales in a year that was strong for other retailers, Sears and Kmart will shut down over 100 stores.
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Rental rates one strong sign in weak housing market
Home sales fell again in October, with one bright spot in the mix being the rise in rental rates.
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Mid-day Extra: Drew Brees breaks an NFL record
Quarterback Drew Brees of the New Orleans Saints is now the NFL's record-holder for the most yards passing in a single season.
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Some regions show stronger home sales than others
The S&P Case-Schiller Index is out today, and it shows home prices in October fell in 19 out of 20 major cities.
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The decisions Washington's put off to 2012
While a temporary deal was reached, come February a whole new debate will be emerge surrounding the payroll tax cut, unemployment benefits, and Medicare payments to doctors.
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