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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.

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.

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.
Posted In: zipcar, avis, rental car

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.
Posted In: fiscal cliff, payroll tax, Taxes

Pfizer to spin off animal pharmaceuticals

Demand for animal drugs is rising amongst pet owners and livestock and poultry farmers.
Posted In: pets, veterinarian, poultry, livestock, pharmaceuticals

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?
Posted In: fiscal cliff, Europe, Europe debt crisis

'All My (Web) Children'?

Production company Prospect Park considers putting the popular '70s soap opera online.
Posted In: tv, webisodes

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.
Posted In: beer, beverages, craft beer

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.
Posted In: Health, Herbalife

Music from this show

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C 130
Brownout
Love-In-Tokyo
Television Robbers
1999 Spaceclub
Arling & Cameron
Rock Climbing (Byte 1) [2005]
Damu The Fudgemunk