Business

6:28pm

Fri February 1, 2013
Economy

Pentagon Remains Big Target In Likely Budget Cuts

Originally published on Fri February 1, 2013 7:17 pm

The winding down of the war in Afghanistan and efforts to slice the budget deficit will likely mean more spending cuts for the Pentagon.
AFP/Getty Images

The economy shrunk in the fourth quarter — for the first time in three years — and one of the critical reasons was a drop in defense spending. Apparently, contractors took precautionary steps and held onto money in case the federal government failed to avert the fiscal and tax crisis known as the fiscal cliff.

But there's now a new deadline — automatic budget cuts, known as sequestration, which may hit at the beginning of March.

The Effect On Contractors

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5:26pm

Fri February 1, 2013
Business

Pennsylvania Outdoor Sports Show Caught In Gun Debate Cross Hairs

Originally published on Fri February 1, 2013 7:17 pm

Gun rights advocates demonstrate at the capitol in Harrisburg, Pa., on Wednesday as vendors pulled out of the city's Eastern Sports and Outdoor Show. Vendors were upset that the organizers of the event banned the sale and display of certain types of guns.
Matt Rourke AP

A boycott by vendors starting this weekend at one of the nation's largest hunting and fishing shows has led to the event's indefinite postponement. Pennsylvania businesses stand to lose tens of millions of dollars in revenue.

Some 200 shops and groups pulled out of the Harrisburg, Pa., event after organizers banned the sale and display of certain types of guns.

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5:25pm

Fri February 1, 2013
The Salt

Where's The Beef? Burger King Finds Horsemeat In Its U.K. Patties

Originally published on Fri February 1, 2013 8:21 pm

Burger King has acknowledged this week that some of its burgers in Britain and Ireland included horsemeat, the latest development in an ongoing scandal.

Horsemeat actually contains just as much protein and far less fat than beef, according to nutritionists.

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5:23pm

Fri February 1, 2013
It's All Politics

Why Steven Chu Was One Of Obama's Most Intriguing Choices

Originally published on Fri February 1, 2013 5:43 pm

Energy Secretary Steven Chu tours the Vogtle nuclear power plant in Waynesboro, Ga., last year.
David Goldman AP

Of all the individuals in President Obama's first-term Cabinet, physicist Steven Chu was arguably the least likely to be found in official Washington.

The Energy Department secretary, after all, was a Nobel Prize-winning physicist from the University of California, Berkeley, the first science laureate to serve as a Cabinet secretary.

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4:29pm

Fri February 1, 2013
The Two-Way

Dow Breaks 14,000 For First Time Since 2007

Originally published on Fri February 1, 2013 4:32 pm

Trader Frederick Reimer works on the floor of the New York Stock Exchange on Friday.
Richard Drew AP

Happy days are (or might be) here again: The Dow Jones industrial average closed above 14,000 Friday, marking the first time the stock market measure has broken that barrier at close since October 2007.

The average closed at 14,009.79. That's up more than 149 points, or about 1.1 percent for the day. The closing comes hours after the release of a new monthly unemployment report that indicated jobs grew at a faster rate late last year than previously estimated.

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4:10pm

Fri February 1, 2013
Media

For Super Bowl Ads, More Social-Media Savvy

Originally published on Fri February 1, 2013 7:17 pm

Deutsch LA

1:13pm

Fri February 1, 2013
The Two-Way

Taxi! Chinese Company Finds Fair Deal In London Cab Maker

Black taxis drive down The Mall in London. A Chinese company rescued the British automaker that manufactures the famous cabs.
Pierre-Philippe Marcou AFP/Getty Images

The iconic black cabs of London got a lift Friday when a Chinese company rescued the British automaker that manufactures the taxis. Zhejiang Geely Holding Group said it will pay $17.5 million to buy Manganese Bronze Holdings, which has been making the cabs since 1899.

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11:54am

Fri February 1, 2013
Economy

Can A Housing Comeback Save Lagging Job Numbers?

Originally published on Fri February 1, 2013 12:12 pm

The winter may not be over, but economists are looking to spring for good news when it comes to jobs. Host Michel Martin speaks with NPR Senior Business Editor Marilyn Geewax about whether a strengthening housing market could boost stalling jobs numbers.

10:57am

Fri February 1, 2013
Business

Jobs Still Lag, But Homebuilding May Soon Help

Originally published on Sat February 2, 2013 4:43 pm

A new home under construction in Pepper Pike, Ohio. This spring's jobs data could look much brighter if housing heats up.
Tony Dejak AP

Here in the depths of winter, U.S. economic numbers aren't looking so hot. This week, new reports showed growth started to freeze up last fall, and the unemployment rate rose a bit in January, to 7.9 percent.

But most economists say you shouldn't let those cold facts fool you: This spring's data could look much brighter if the housing market continues to heat up.

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10:10am

Fri February 1, 2013
The Salt

A Quest For Real Beer, Without The Gluten

Originally published on Fri February 1, 2013 1:39 pm

More and more gluten-free beers are entering the marketplace. We asked a librarian with celiac disease for her list of favorites.
Bill Chappell NPR

Anyone who gives up gluten, either by choice or medical necessity, will inevitably feel a twinge of regret bidding adieu to bread, pasta or pastries. But for some, the greatest hardship may be saying no to beer — especially at times like Super Bowl Sunday, when having a cold one in hand is part of many people's game day tradition.

So it's no small thing that a growing number of brewers are offering gluten-free beers that are both tasty and satisfying.

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