The FDA is increasing regulations on a class of antibiotic drugs commonly used by livestock producers. The drugs are great for treating infections in animals and humans. Food safety advocates say the over-use of cephalosporin in animals has contributed to the development of diseases that tolerate the antibiotic.
According to the traditional Chinese calendar, the Year of the Rabbit gives way to the Year of the Dragon later this month. The government started selling stamps to commemorate the New Year. After months of cute bunny stamps, some Chinese say the dragon stamp is too ferocious.
European Union countries are considering a ban on importing Iranian oil. That debate follows new U.S. sanctions against Iran's central bank. Writer Hooman Majd, who has recently returned from Tehran, tells Steve Inskeep that Iranians are concerned about their economy.
Barnes & Noble's stock took a tumble Thursday after the bookseller announced that it is thinking about separating its Nook e-readers from the rest of its business. Separation could be a good thing if it just means the tablet business will be independently managed.
The Labor Department comes out with its latest unemployment report Friday morning. Analysts expect 15,000 jobs were created. But they also forecast that December's jobless rate will edge higher from 8.6 percent to 8.7 percent. A separate survey on private sector hiring showed strong gains in December.
IMF Director Christine Lagarde says 2012 will not be the end of the euro currency, despite the debt crisis. But billionaire investor George Soros isn't as optimistic. He was quoted as saying that what's happening in Europe "is more serious and more threatening" than the crash of 2008.
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