Business

1:40pm

Fri April 26, 2013
U.S.

Flight Delays Push Congress To End Controller Furloughs

Originally published on Fri April 26, 2013 1:53 pm

Travelers stand in line at Los Angeles International Airport on Monday. Congress moved quickly this week to give the Federal Aviation Administration flexibility to end air traffic controller furloughs that resulted in flight delays at several airports.
Damian Dovarganes AP

The U.S. Congress — a body not exactly known for its swift feet — raced Friday to complete legislation to help travelers avoid delays at airports.

The House voted 361-41 to approve legislation that the Senate passed without objection late Thursday. The bill gives the Federal Aviation Administration more spending flexibility to cut its budget while avoiding furloughs of air traffic controllers.

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1:37pm

Fri April 26, 2013
The Two-Way

On-The-Job Deaths Continue At Steady, Grim Pace

A construction site in San Mateo, Calif., earlier this month. There were 738 deaths of construction workers in the U.S. during 2011, the most of any single industry. The fatality rate per workers was higher, when taken together, in agriculture, forestry, fishing and hunting
Justin Sullivan Getty Images

Dying on the job continues at a steady pace according to the latest statistics from the Bureau of Labor Statistics (BLS).

The fatal injury rate for American workers dropped slightly in 2011 — the most recent year with reported numbers — from 3.6 to 3.5 deaths per 100,000 workers.

But 4,693 men, women and teenagers died at work. That's three more than the total number of lives lost on the job in 2010.

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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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