"The office holiday party is a great place to meet everyone you've been emailing from 10 feet away."
The Word on the Street Tonight
Santa Rally Could Be Trumped as 'Cliff' Talks Watched/CNBC – Patti Domm: "With little else to distract traders, the latest developments in the "fiscal cliff" talks are likely to be the biggest driver for Friday's markets, especially ahead of the weekend. Stocks slipped Thursday amid an apparent lack of progress in Washington in the talks. The Dow fell 74 to 13,170, and the S&P 500 was down 9 at 1419. Economic data Friday includes consumer prices at 8:30 a.m. ET and industrial production at 9:15 a.m."
No Sign of Progress After Boehner-Obama Meeting/CNBC.com with AP: "House Speaker John Boehner met for an hour Thursday with President Barack Obama at the White House, but there was no immediate sign of progress in resolving the "fiscal cliff" deadlock. The White House said the meeting began at 5:10 p.m. EST. Boehner left the White House about an hour later. Neither side had any comment after the second face-to-face meeting between the two. Boehner is scheduled to return home to Ohio on Friday. On whether that might impact communicating with the president, an aide said: "Ohio has both cellphone service and airports - so if the president wants to talk or meet, it won't be a problem at all."
UPS, FedEx Escalate Holiday Shipping War/WSJ – Betsy Morris: "United Parcel Service and rival FedEx have already made themselves as indispensable to Christmas as Santa Claus. This season, though, they're taking a much more active role in holiday shopping than just delivering packages for retailers like Amazon.com, Apple and Nordstrom. UPS and FedEx are racing around neighborhoods trying to lock in consumers with door-to-door, even door-to-office customized deliveries that make them more concierge than delivery service. UPS is pushing a service called My Choice that sends multiple digital alerts and updates about when to expect pending deliveries. The service, which currently has 2.1 million subscribers, allows a consumer to reschedule, reroute or waive a required signature. For a $40 annual fee, a "premium" member can instruct the UPS driver mid-route: put the package behind the potted plant; drop it next door; deliver at a different time or bring it to my office."
Nike Presses for 40-Year Tax Deal in Oregon/WSJ – Shelly Banjo: Oregon's governor has called the state's legislature into a special session Friday to appease one very powerful corporate citizen: Nike. The world's biggest sneaker maker is expanding its operations in the U.S. and has threatened to move if Oregon cannot guarantee its corporate tax structure will remain the same. Gov. John Kitzhaber is asking lawmakers to grant him the authority to ensure that the state's method of determining corporate taxes won't change for companies, like Nike, that fit very specific criteria: Will invest $150 million in the state over five years and create 500 jobs."
And the Winner of TIME's Person of the Year Reader Poll Is…/Time: Kelly Conniff: "Kim Jong Un is having a good year. After taking over the leadership of North Korea from his late father Kim Jong Il, at the end of 2011, he's solidified his control over the country, appeared on TIME's cover and he was even named 'Sexiest Man Alive.' (OK, that honor was actually bestowed as a spoof in the satirical newspaper, The Onion, but a Chinese news service mistook the Onion piece for real news and the story went global.) Now, he's gotten the most votes in TIME's completely unscientific reader Person of the Year Poll with 5.6 million votes. Not bad for a man who didn't make an official public appearance until 2010."
Yahoo Eyes Hipster Teen-Founded Summly News App – All Things D/Kara Swisher: "When she's not board-swapping, Yahoo CEO Marissa Mayer has been scouring the landscape for trendy mobile acq-hires to give the sleepy Silicon Valley Internet giant some sizzle. And you can't get more hot that Summly, the high-profile news reading app created by a 17-year-old British app developer Nick D'Aloisio, who is perhaps the most telegenic geek to hit Silicon Valley in a long time. According to several sources close to the situation, Yahoo is doing due diligence on the London-based company for a possible purchase, even as D'Aloisio and his partners have also been talking to a range of venture capitalists here about a new round of funding for it."
Cathay Pacific Flight Attendants Threaten to Withhold Food, Booze and Smiles/AP – Kelvin Chan: "Flight attendants at Hong Kong airline Cathay Pacific Airways are threatening to withhold food, alcohol and even smiles from passengers during the Christmas holidays over a pay dispute, a union official said Thursday. Cabin staff at the airline, which has a reputation for top-notch service, voted at a union meeting this week in favor of industrial action that could also result in flight delays."