Weekend Edition Saturday guest host Linda Wertheimer talks with New York Times columnist Joe Nocera about the business news stories of a very busy 2012, which turned out to be a good year for some, not so much for others.
A threatened strike by the International Longshoremen's Association at 14 ports along the East and Gulf Coasts has been called off. Federal negotiators say the union has reached an agreement with the United States Maritime Alliance and will extend contract talks.
Apple CEO Tim Cook got a relatively modest $4.2 million in salary for the latest fiscal year. That's after the company's board set him up with stock now worth $510 million for taking the reins in 2011.
If Congress and the president can't reach a deal, budget cuts will go into effect next week. But most agencies won't be hit right away. The biggest planning headaches seem to be for payroll companies and others who deal with taxes — as they wait to see if automatic increases happen Jan. 1.
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