Morning Edition

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with Sears closing stores.

(SOUNDBITE OF MUSIC)

INSKEEP: The holiday shopping season has gone well for some retailers, but apparently not for Sears Holdings, the company that owns Sears and Kmart. It plans to shut down up to 120 stores. Sears operates 4,000 outlets in the U.S. and Canada right now. The company says Kmart sales of clothing and consumer electronics fell, and at Sears there was not much demand for home appliances.

A Minnesota man provided live puppies, a llama and a goat to a nativity scene, but the goat escaped. The Fergus Falls Journal reports the goat has been spotted but not caught.

Isaiah Cutler, 18, is in jail accused of burglarizing a market with three friends and taking thousands in cash and merchandise. An hour later, he supposedly posted pictures of the fellows and their stash on Facebook. A relative saw the photos, alerted grandma and she called the cops.

Nearly three decades ago, Kenny Buchanan decided to drop out of school. Over the last 26 years, he's jumped from job to job and unemployment. He now has a full-time job and for the first time in years, he and his family have health insurance and can enjoy a few luxuries.

Steve Inskeep has business news.

Some of the most spectacular business failings of 2011 were created or enhanced by the very people who should have provided protection against failure: the CEOs. Linda Wertheimer wraps up the year in CEO blunders with Professor Sydney Finkelstein, of the Tuck School of Business at Dartmouth. He's also the author of "Why Smart Executives Fail."

Steve Inskeep has the Last Word in business.

In Texas, a private intelligence company has apparently been hacked by the loosely organized activist group Anonymous. Some members claim they obtained personal information about Stratfor's clients, as well as thousands of credit cards numbers which were then used to make donations to charities. But other members have disavowed the hacking job. Freelance journalist Quinn Norton, who has profiled Anonymous for Wired Magazine, talks to Linda Wertheimer about the breach.

As the debt crisis spreads across Europe, the economy in the region is slowing to a crawl. One place that's starting to feel the impact of the slowdown is the massive port of Rotterdam in Holland. It's the biggest port in the world outside Asia. Much of what's bought and sold in Europe goes through Rotterdam.

U.S. officials may be giving up on their goal of strong relations with Pakistan. That's the suggestion, anyway, in the details of a report by The New York Times. The report describes the U.S. preparing for a much more limited relationship after U.S. forces in Afghanistan killed Pakistani troops across the border. Eric Schmitt, who authored the report, talks to Steve Inskeep about deteriorating relations between the U.S. and Pakistan.