Business

10:06am

Fri April 26, 2013
Economy

U.S. Economic Growth Regained Speed In First Quarter

Originally published on Fri April 26, 2013 6:59 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.

10:00am

Fri April 26, 2013
The Two-Way

Rescuers Still Hope For Survivors In Bangladesh Collapse

Originally published on Fri April 26, 2013 10:20 am

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

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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8:36am

Fri April 26, 2013
The Two-Way

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

Originally published on Sat April 27, 2013 1:20 pm

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

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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5:32am

Fri April 26, 2013
Europe

Spain To Unveil Economic Overhaul Plan

Originally published on Fri April 26, 2013 6:59 pm

Transcript

RENEE MONTAGNE, HOST:

Spain has lived through years of punishing budget cuts and austerity. This morning, its government unveiled a new economic plan which eased budget targets but acknowledged that recovery was still a long way off. Thousands took to the streets in Madrid overnight, protesting the country's past measures and tax hikes that have left many without jobs.

Lauren Frayer reports from Madrid.

(SOUNDBITE OF PROTEST)

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5:17am

Fri April 26, 2013
Business

The Last Word In Business

Originally published on Fri April 26, 2013 6:59 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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5:17am

Fri April 26, 2013
Business

Business News

Originally published on Fri April 26, 2013 6:59 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.

5:17am

Fri April 26, 2013
Politics

FAA Expected To Gain Flexibility On Budget Cuts

Originally published on Fri April 26, 2013 6:59 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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3:03am

Fri April 26, 2013
Space

Can You Hear Me Now? Cellphone Satellites Phone Home

Originally published on Fri April 26, 2013 6:59 pm

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

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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5:15pm

Thu April 25, 2013
Media

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

Originally published on Thu April 25, 2013 8:16 pm

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

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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4:59pm

Thu April 25, 2013
Around the Nation

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

Originally published on Thu April 25, 2013 8:16 pm

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

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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