01/02/13
Marketplace Morning Report for Wednesday, January 2, 2013
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Episode Description:
There's finally a fiscal cliff deal in Washington. As you've probably heard, income taxes will go up on individuals making over $400,000 a year, but chances are taxes will go up even for those who aren't rich. A proposed beer merger between Anheuser-Busch InBev and Grupo Modelo could hurt competition in the United States. And, the soap opera "All My Children" might find a second life -- online.
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PODCAST: Paycheck expectations, A seeing-eye cat?
Your next paycheck could be a bit of a shocker, and we'll tell you why. In corporate news, Avis is buying Zipcar. And is the company Herbalife nothing more than a giant pyramid scheme? Some people think so.
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Avis to buy Zipcar for $500 million
Avis Budget Group, one of the largest car-rental companies, will merge its traditional car rental services with Zipcar's up-start model.
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Fiscal cliff deal raises payroll tax
The 2 percent payroll tax rise means that a person who earns $50,000 a year will pay $1,000 more in taxes.
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Pfizer to spin off animal pharmaceuticals
Demand for animal drugs is rising amongst pet owners and livestock and poultry farmers.
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Europe, post-fiscal cliff
European stocks scored gains in early trading after the United States reached a deal to avoid the fiscal cliff, but will the optimism last?
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'All My (Web) Children'?
Production company Prospect Park considers putting the popular '70s soap opera online.
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Proposed beer merger could hurt competition in U.S.
Anheuser-Busch InBev's purchase of Grupo Modelo would make it an even bigger player in the U.S. beer market.
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Herbalife critics call company a pyramid scheme
The nutrition-supplement giant says the allegations are bogus and is back fighting to save its reputation and its future.
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