Linda Wertheimer talks to Daisuke Wakabayashi, who covers the tech industry from Tokay for The Wall Street Journal, about the new Wii U videogame console, which hits the market this weekend. Many stores, however, have already sold out of pre-orders.
BP will pay nearly $1.3 billion for crimes associated with its 2010 drilling rig accident and oil spill in the Gulf of Mexico. On top of that, the company will pay more than $3 billion to settle claims from the U.S. Department of Justice and the Securities and Exchange Commission.
The two biggest fears of the fiscal cliff are defense cuts and tax hikes. The nation's mayors say the devastating effects of automatic cuts reach further than the Defense Department — right into their own cities. Steve Inskeep talks to the Democratic Mayor of Charleston, S.C., Jospeh Riley and Republican Mayor Scott Smith of Mesa, Ariz., about the impact sequestration could have in their cities.
Voters in Washington and Colorado just approved measures legalizing marijuana for recreational use. But businesses that want to sell marijuana in those states will face a problem: No bank wants to do business with them.
Eurostat, the European Union's statistical agency, said Thursday that the bloc contracted 0.1 percent in the third quarter; it shrank 0.2 percent in the second quarter. The eurozone was last in recession in 2009.
Shoplifting costs the retail industry nearly $35 billion annually, according to the National Retail Security Survey. Shoplifters who are caught are often prosecuted, but some may also face civil recovery — where retailers demand additional payment to recoup some of their costs.
Service members are known for their discipline and their ability to stay cool under fire. Veteran and financial planner Steve Repak says those skills are crucial to managing everyday finances. He speaks with host Michel Martin about his book, Dollars and Uncommon Sense: Basic Training for Your Money.
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