The Seahawks 23-to-nothing victory over the New York Giants is great news for Seattle, except for the folks at Jet Chevrolet. The Seattle-area dealership pledged to give 12 people $35,000 apiece if the Seahawks shut out the Giants. The car guys never expected to pay up. What are the odds? But just in case, they insured the bet, so they're only out about seven grand.
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Before the end of the year, the federal government will select six states where drone makers can test how to safely integrate the technology into commercial airspace. Nevada is vying for one of the spots. The FAA stamp of approval could lure big industry to high-end test sites. But smaller drone developers, who're focused on non-military applications, also see enormous opportunities.
And today's last word in business is a Christmas con.
Just when we want to be thinking about generosity around the holidays, a story of extortion.
LINDA WERTHEIMER, HOST:
Police in Italy have arrested four alleged mafia gangsters for forcing shop owners to buy poinsettias for as much as $140 each. Owners who refused to partake in the Christmas special would have their shops vandalized.
The head of British drug maker GlaxoSmithKline told The New York Times on Monday that the company will stop paying doctors to promote its drugs. Pharmaceutical firms commonly pay physicians to speak at medical conferences — a practice criticized as a conflict of interest.
Some Steinway company representatives and employees — like Wally Boot, pictured here — have been working for the company for decades. Boot is the last person to touch every piano that leaves the factory in Queens, N.Y.
For 160 years, the pianos made by Steinway & Sons have been considered the finest in the world. So when hedge fund billionaire John Paulson recently bought the company, it struck fear in the hearts of musicians: Would the famously handcrafted pianos be changed, for the sake of efficiency? Paulson, who owns several Steinways himself, says nothing will change.
The Organization for the Prohibition of Chemical Weapons is releasing its final report Tuesday on how Syria's chemical stockpile will be destroyed. The plan is a complicated process and the first step may be the hardest: getting the chemicals to the Syrian port in the middle of a civil war.
Many economists and investors think there's a good chance that at the end of their two-day meeting that begins Tuesday, Federal Reserve policymakers will announce that they'll begin reducing their $85 billion monthly stimulus, their third round of quantitative easing, or QE3.
The analysts think recent economic data, like a drop in the unemployment rate to 7 percent and a budget deal in Washington, have brightened the outlook for the economy enough that the Fed can pull back.