Business

Economy
8:06 am
Fri April 26, 2013

U.S. Economic Growth Regained Speed In First Quarter

Originally published on Fri April 26, 2013 4:59 pm

Transcript

STEVE INSKEEP, HOST:

Accelerating economic growth is at the top of NPR's business news.

(SOUNDBITE OF MUSIC)

INSKEEP: U.S. economic growth regained speed in the first quarter of this year, although not as much as economists had hoped. The Gross Domestic Product grew at an annual rate of 2.5 percent. Consumer spending is up and home construction rose, but government spending fell and tax increases, as well as federal budget cuts, are expected to slow economic growth later in the year. Transcript provided by NPR, Copyright NPR.

The Two-Way
7:25 am
Fri April 26, 2013

Rescuers Still Hope For Survivors In Bangladesh Collapse

Bangladeshi volunteers and rescue workers at the site of the factory on Friday.
AFP AFP/Getty Images

Originally published on Fri April 26, 2013 8:20 am

Rescue workers are still hoping to find survivors from the collapse of an eight-story garment factory in Bangladesh that has killed more than 300 people and left hundreds missing.

Meanwhile, angry relatives of the missing have clashed with police, blaming authorities for the catastrophe at Rana Plaza in Savar, an industrial suburb of the capital, Dhaka.

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The Two-Way
6:47 am
Fri April 26, 2013

Economy Picked Up In First Quarter: Grew At 2.5 Percent Pace

Shoppers came out in the first quarter, pushing up economic growth.
Robyn Beck AFP/Getty Images

Originally published on Sat April 27, 2013 11:20 am

The U.S. economy grew at a 2.5 percent annual rate in the first quarter of 2013, the Bureau of Economic Analysis estimated Friday morning.

That's modest growth, and was below the 3.2 percent pace economists had expected to hear about. But growth was up substantially from fourth-quarter 2012, when the economy expanded at a scant 0.4 percent annual rate.

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Politics
3:17 am
Fri April 26, 2013

Koch Brothers' Newspaper Takeover Could Spark 'Culture Clash'

The Tribune Co. is considering the sale of all of its daily newspapers, including the Chicago Tribune, The Baltimore Sun and the Los Angeles Times, whose building is pictured above.
David McNew Getty Images

Originally published on Fri April 26, 2013 4:59 pm

The Tribune Co., emerging from bankruptcy and looking to reshape itself, is now considering the sale of all its newspapers — including the Chicago Tribune, the Los Angeles Times, The Baltimore Sun and five other regional newspapers. It's still very early in the sale process; although the newspaper unit has been valued at $623 million, significant debts are also attached, and Tribune has signaled that it reserves the right not to sell if there isn't a worthy bid.

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Business
3:17 am
Fri April 26, 2013

The Last Word In Business

Originally published on Fri April 26, 2013 4:59 pm

Transcript

RENEE MONTAGNE, HOST:

And on this Friday, our last word in business comes in the form of a toast - to the Boston Beer Company, the maker of brews including Samuel Adams.

Seventy employees were on the route of the Boston Marathon last week when the bombs exploded.

STEVE INSKEEP, HOST:

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Business
3:17 am
Fri April 26, 2013

Business News

Originally published on Fri April 26, 2013 4:59 pm

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with Samsung ringing up sales.

(SOUNDBITE OF MUSIC)

INSKEEP: Samsung said this morning its first quarter profit is at a record high - net profit surged 42 percent. The company has now seen six straight quarters of growth, thanks to strong smartphone sales. Tomorrow, it's launching a new smartphone in the United States - the Galaxy S4 - which is aimed at taking on Apple's iPhone. Transcript provided by NPR, Copyright NPR.

NPR Story
3:17 am
Fri April 26, 2013

FAA Expected To Gain Flexibility On Budget Cuts

Originally published on Fri April 26, 2013 4:59 pm

Transcript

RENEE MONTAGNE, HOST:

It's MORNING EDITION from NPR News. I'm Renee Montagne.

STEVE INSKEEP, HOST:

And I'm Steve Inskeep.

Now that automatic spending cuts are causing wider pain, Congress has begun finding ways to adjust some of them.

MONTAGNE: Today the House is expected to take up a bill the Senate has already approved. It's called the Reducing Flight Delays Act of 2013, and it comes after a week of flight delays and outrage from members of Congress, linked to the furloughs the FAA air traffic controllers.

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Space
1:03 am
Fri April 26, 2013

Can You Hear Me Now? Cellphone Satellites Phone Home

Three PhoneSats, like the one seen here during a high-altitude balloon test, were launched into space on Sunday. The slightly modified cellphone satellites cost a few thousand dollars in parts.
NASA Ames Research Center

Originally published on Fri April 26, 2013 4:59 pm

Smartphones can check e-mail, record videos and even stream NPR. Now NASA has discovered they make pretty decent satellites, too. Three smart phones launched into space this past Sunday are orbiting above us even now, transmitting data and images back to Earth. The PhoneSats, which cost just a few thousand dollars each, could usher in big changes for the satellite industry.

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Around the Nation
3:46 pm
Thu April 25, 2013

Making Room: Can Smaller Apartments Help New York City Grow?

Some housing experts say New York's zoning code has discouraged the building of affordable housing by requiring that all apartments be at least 400 square feet. The city is interested in finding ways to rewrite the rules.
iStockphoto.com

Originally published on Thu April 25, 2013 6:16 pm

New York City is notoriously crowded, and it's only getting more so. The city estimates it will have 1 million more people by the year 2030, many of them single. Where to place all these newcomers is a major challenge.

Mayor Mike Bloomberg has announced plans to put up an experimental building of micro-apartments that could be replicated throughout the city. And the Museum of the City of New York is looking at ways to make better use of the city's housing stock.

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Media
3:15 pm
Thu April 25, 2013

China's CCTV America Walks The Line Between 2 Media Traditions

Before joining CCTV America, Phillip T.K. Yin was an anchor and reporter for Bloomberg Television.
CCTV America

Originally published on Thu April 25, 2013 6:16 pm

At a time when so many major American news organizations are cutting back, foreign news agencies are beefing up their presence abroad and in the U.S. One of the biggest new players arrives from China and, more likely than not, can be found on a television set near you.

CCTV, or China Central Television, is owned by the Chinese government. With more than 40 channels in China and an offshoot in the U.S., the broadcaster has been highly profitable for the country's ruling Communist Party, which is liking profits a lot these days.

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The Two-Way
12:51 pm
Thu April 25, 2013

Still In The Middle Class, But Standing On A Banana Peel

Originally published on Thu April 25, 2013 1:01 pm

Most U.S. workers fit snugly into the middle class, but they worry a lot about falling out of it, according to a poll released Thursday.

After years of watching home prices slide and job creation stall, 6 in 10 Americans say they fear tumbling from the middle class in the next few years, the Allstate-National Journal Heartland Monitor Poll suggests.

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Economy
12:02 pm
Thu April 25, 2013

Signing Up For Food Stamps

Originally published on Thu April 25, 2013 12:25 pm

Transcript

NEAL CONAN, HOST:

This is TALK OF THE NATION. I'm Neal Conan in Washington. Another promising report today suggests that the economy in general and employment in particular continue to improve, but there's another statistic that's more troubling. More Americans than ever participate in the Supplemental Nutrition Assistance Program, commonly known as food stamps.

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The Two-Way
9:22 am
Thu April 25, 2013

Google Agrees To Change Display Of Search Results In Europe

Google makes a deal with the EU.
Adam Berry Getty Images

Originally published on Thu April 25, 2013 10:16 am

Google has agreed to modify the way it displays search results in Europe as part of a deal to end a probe by the EU's antitrust body. But rivals Microsoft, Nokia and Oracle will first have to sign off on the changes, reports say.

As ZDNet writes:

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The Two-Way
7:46 am
Thu April 25, 2013

Anger Rises Along With Death Toll At Bangladesh Factory

Volunteers use a length of textile as a slide to move victims Thursday from the rubble of a collapsed building in Savar, Bangladesh.
AFP/Getty Images

Originally published on Thu April 25, 2013 9:31 pm

Update at 11:28 p.m. ET: Toll At 275

Authorities said early Friday that 275 bodies have been recovered from the site.

Brig. Gen. Mohammed Siddiqul Alam Shikder, head of the rescue operation, said 61 people had been rescued since Thursday afternoon, according to The Associated Press. More than 2,000 people have been rescued since the building's collapse on Wednesday.

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The Two-Way
7:23 am
Thu April 25, 2013

Weekly Jobless Claims Dip To Near Five-Year Low

Will there soon be more signs like this? A "now hiring" advertisement in San Francisco last year.
Justin Sullivan Getty Images

Originally published on Thu April 25, 2013 8:07 am

There were 339,000 first-time claims for unemployment insurance last week, down 16,000 from the week before, the Employment and Training Administration says.

The drop brought claims down to around their lowest level since early 2008, when the latest recession was just getting started and before the downturn got its grip on the economy.

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Business
3:16 am
Thu April 25, 2013

The Last Word In Business

Originally published on Fri April 26, 2013 12:46 am

Transcript

RENEE MONTAGNE, HOST:

Our last word in business is good news for the jet setting romantic, possibly bad news for most everyone else on board.

STEVE INSKEEP, HOST:

Virgin Airlines has announced a new service called seat-to-seat delivery, now available on all U.S. flights, which allows passengers to send unsolicited treats to fellow travelers at the touch of a button.

(SOUNDBITE OF MUSIC)

SIR RICHARD BRANSON: Just order a drink, meal or snack, select his or her seat and don't forget to seal the deal with a suggestive seat-to-seat chat.

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National Security
3:16 am
Thu April 25, 2013

Should Air Traffic Controllers Be Included In Furloughs?

Originally published on Fri April 26, 2013 12:46 am

Transcript

STEVE INSKEEP, HOST:

Air travelers are growing less and less happy. Automatic budget cuts are now leading to hundreds of flight delays, about half of all delayed flights this week.

NPR's Tamara Keith reports.

TAMARA KEITH, BYLINE: Up until this point, the effects of the sequester have been scattered and hard to pin down: hiring freezes, delayed park openings. But then the furloughs of air traffic controllers the Federal Aviation Administration had been threatening for months hit and, bam, the sequester got real, real fast.

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Business
3:16 am
Thu April 25, 2013

House Panel Examines Government Loan To Fisker Automotive

Originally published on Fri April 26, 2013 12:46 am

Transcript

RENEE MONTAGNE, HOST:

Auto executives got a grilling on Capitol Hill yesterday. Not the usual suspects from Detroit's Big Three. Think much, much smaller. Executives from the hybrid carmaker Fisker testified about hundreds of millions of dollars in loans Fisker got from the government. Today, the company is on the verge of collapse.

NPR's Sonari Glinton reports.

SONARI GLINTON, BYLINE: Fisker, the car company, isn't dead yet. But Congress has already begun the autopsy.

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Business
3:16 am
Thu April 25, 2013

Business News

Originally published on Thu April 25, 2013 5:37 am

The lending arm of General Electric has stopped offering financing to retailers whose primary business is selling guns. Around 75 retailers are immediately affected. A company spokesman says this is a response to "industry changes, new legislation and tragic events."

Asia
1:25 am
Thu April 25, 2013

These Days, More And More Chinese Have Driven A Ford Lately

Ford, the No. 12 passenger-car seller in China, is showing off 23 vehicles at its exhibit at the Shanghai International Automobile Industry Exhibition this week.
Frank Langfitt NPR

Originally published on Fri April 26, 2013 12:46 am

General Motors has been the American car company in China. Even when GM was in bankruptcy, the Chinese continued to view Buick as a high-status, luxury brand.

But now Ford, an also-ran in the market for years, is making a push to change all that. Last year, Ford's sales were up more than 30 percent in China, and the Ford Focus was the best-selling car in both the world and China.

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The Two-Way
3:09 pm
Wed April 24, 2013

Redesigned $100 Bill To Go Into Circulation After Long Delay

The new Ben Franklin.
Newmoney.gov

Originally published on Wed April 24, 2013 6:30 pm

The redesigned U.S. $100 bill will begin appearing after October with new security features that will make it "easier for the public to authenticate but more difficult for counterfeiters to replicate," the U.S. Federal Reserve said Wednesday.

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Business
2:25 pm
Wed April 24, 2013

Trading Algorithms Make Stock Market Sensitive To Hoaxes

Originally published on Thu April 25, 2013 2:57 pm

Transcript

ROBERT SIEGEL, HOST:

That market dip yesterday that Steve mentioned, the result of a hacked Twitter feed, highlights how much the financial industry relies on computer algorithms. U.S. stock markets lost $200 billion in value in just a few minutes. The markets bounced back when the Associated Press made clear there was no explosion at the White House and the tweet was a hoax.

AUDIE CORNISH, HOST:

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Business
2:25 pm
Wed April 24, 2013

Government Continues Investigation Of Boeing's 787s

Originally published on Thu April 25, 2013 2:57 pm

Transcript

ROBERT SIEGEL, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.

AUDIE CORNISH, HOST:

And I'm Audie Cornish. Boeing says its 787 jetliner should resume passenger service early next month. The so-called Dreamliner has been grounded since problems with the lithium ion batteries surfaced back in January. Batteries on two different planes overheated. One of them, a Japan Air Lines jet, caught fire. Boeing is now working with airlines to retrofit its planes with redesigned batteries now housed in fireproof boxes.

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Code Switch
1:33 pm
Wed April 24, 2013

Home Sweet Home Costs More For Blacks And Latinos

A "sold" sign is posted outside a home in Carmel, Ind. Black and Latino homebuyers pay about 3.5 percent more for housing than whites and Asians, according to a study released this week by Duke University.
Michael Conroy AP

Black and Latino homebuyers pay more for housing than whites and Asians, according to a study released this week by Duke University. The price difference is about 3.5 percent.

That may not sound like a lot. But Patrick Bayer, a Duke economics professor who led the study, says when you do the math, that percentage can translate to about $5,000 or $10,000 per housing sale.

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Wisdom Watch
10:04 am
Wed April 24, 2013

From The Border To The Fortune 500

Transcript

MICHEL MARTIN, HOST:

I'm Michel Martin and this is TELL ME MORE from NPR News. Now it's time for our Wisdom Watch conversation. That's where we speak with people who've made a difference in their fields.

Today, we hear from one of the most influential tech executives you probably have never heard of unless you're in that field. Not only that, his personal story is just as - if not more - interesting than those of the superstar CEOs you may have heard about in high tech.

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Economy
9:53 am
Wed April 24, 2013

Help Wanted, But Only Part Time

In today's economy, many people in search of work can only find part-time jobs. The Bureau of Labor Statistics finds the number of 'involuntary' part-time workers has doubled since 2006. Host Michel Martin talks about what this means for the workplace and the economy, with The Wall Street Journal's Sudeep Reddy.

The Two-Way
8:06 am
Wed April 24, 2013

Boeing To Resume 787 Deliveries; NTSB Probes Certification

NTSB Chairwoman Deborah Hersman during Tuesday's hearing.
Alex Wong Getty Images

Originally published on Wed April 24, 2013 9:11 am

Update at 10:50 a.m. ET: Boeing to resume deliveries of 787s

Boeing, which had delivered about 50 of its new passenger aircraft before battery failures in January grounded the plane, says it will resume deliveries to airline customers in early May, The Associated Press reports.

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Around the Nation
4:46 am
Wed April 24, 2013

NTSB Hearing Probes Boeing's Battery Failure Incidents

Originally published on Wed April 24, 2013 5:20 am

Boeing and the Federal Aviation Authority may be in for another day of tough questions as the National Transportation Safety Board continues its probe of batteries on the 787 Dreamliner. Two severe battery failures prompted the world-wide grounding of the fleet in January.

Business
4:03 am
Wed April 24, 2013

The Last Word In Business

Originally published on Wed April 24, 2013 5:20 am

People who measure risk and uncertainty ranked in the top spot of the survey by CareerCast.com. At the bottom of the list with reporters are flight attendants, roofers, mail carriers, meter readers, dish washers and lumber jacks.

Business
4:03 am
Wed April 24, 2013

Fake Tweet Causes Financial Markets To Drop

Originally published on Wed April 24, 2013 5:20 am

Transcript

DAVID GREENE, BYLINE: Hackers got into the Associated Press's Twitter account yesterday and sent out a fake tweet saying that the White House had been attacked. Though the tweet was discredited very quickly, it created a swift and panicked reaction on the stock market.

Here's NPR's Jim Zarroli.

JIM ZARROLI, BYLINE: The tweet said that a pair of bombs had gone off in the White House and President Obama was injured. Almost instantaneously, the Dow Jones Industrial Average fell 125 points.

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