Business

8:48am

Thu November 29, 2012
The Two-Way

Third-Quarter Economic Growth Revised Upward

Better than expected: Economic growth was higher in the third quarter than first thought. Here, a worker at a Ford plant in Michigan plugs a batter into a Ford C-MAX plug-in hybrid vehicle.
Bill Pugliano Getty Images

The U.S. economy grew at a 2.7 percent annual rate in the third quarter, the Bureau of Economic Analysis says. That's a sharp upward revision in its estimate of gross domestic product growth from mid-summer into the fall. In its first look at the quarter's GDP, the agency estimated growth at a 2 percent annual rate.

According to BEA, consumer spending, inventory investment, exports and federal spending all contributed to growth from July 1 through Sept. 30.

Read more

7:43am

Thu November 29, 2012
Business

Companies Rush Dividends To Beat Possible Tax Hike

Originally published on Thu November 29, 2012 9:18 am

Transcript

DAVID GREENE, HOST:

Read more

7:43am

Thu November 29, 2012
Business

GM Plans $1 Billion Auto Factory In China

Originally published on Thu November 29, 2012 9:18 am

Transcript

RENEE MONTAGNE, HOST:

NPR business news starts with GM investing in China.

General Motors says it's building a $1 billion factory with its joint venture partners in China. It's set to open in 2015 and will be the third GM plant in what is now the world's biggest auto market. The company hopes the plant will eventually produce up to two million vehicles a year. Auto sales in China are expected to hit 20 million this year - about five million more than in the U.S. Transcript provided by NPR, Copyright National Public Radio.

7:43am

Thu November 29, 2012
Business

Contract Ban, Civil Litigation Add To BP's Woes

Originally published on Thu November 29, 2012 9:18 am

Transcript

DAVID GREENE, HOST:

It's MORNING EDITION, from NPR News. I'm David Greene.

RENEE MONTAGNE, HOST:

And I'm Renee Montagne.

The multinational oil firm BP is being taken to account for the massive 2010 spill in the Gulf of Mexico. Yesterday, the Obama administration banned BP from any new contacts with the federal government, citing, quote, "a lack of business integrity" related to the spill - that after BP admitted criminal wrongdoing in its recent settlement with the U.S. Justice Department.

Read more

7:43am

Thu November 29, 2012
Europe

Judge's Report Due On Regulating British Press

Originally published on Thu November 29, 2012 9:18 am

Transcript

STEVE INSKEEP, HOST:

Later this morning, a British judge who spent eight months investigating the excesses of the nation's media will issue his suggestions for how to rein in the sometimes rambunctious British press. Prime Minister David Cameron ordered the wide-ranging inquiry in the wake of revelations of illegal phone hacking at The Tabloid News of the World and other papers owned by Rupert Murdoch.

But as Vicki Barker reports, Cameron's likely to face an uproar whether or not he accepts Brian Leveson's recommendations.

Read more

7:43am

Thu November 29, 2012
Business

Amazon's 'Prime' Customers Get A Deal On Hefty Safe

Originally published on Thu November 29, 2012 9:18 am

Amazon's"Prime" service — at $79 a year — includes free two-day delivery on any item Amazon stocks. That includes, according to the Wall Street Journal, a 1,500-pound safe. The company that makes the safe says it usually ships for $700.

7:43am

Thu November 29, 2012
Planet Money

A Huge Pay Cut For Doctors Is Hiding In The Fiscal Cliff

Originally published on Thu November 29, 2012 9:53 am

How much is it worth?
iStockphoto.com

Yesterday, in the Bronx, Chris Veres took his grandfather to see Dr. Bob Murrow. He was worried about his grandfather's heart. Dr. Murrow talked to the family and ordered a cardiogram, which came back normal.

It was a pretty routine visit. But what happens next for the doctor — getting paid by Medicare, the government-run health insurance program for the elderly — is suddenly sort of a big deal.

Read more

7:43am

Thu November 29, 2012
Business

N.Y. Electrician Shortage Hampers Sandy Recovery

Originally published on Thu December 6, 2012 10:26 am

Transcript

DAVID GREENE, HOST:

It's been a month since Sandy made landfall in the northeast. For millions in that big storm's path, life is returning to normal - not for tens of thousands of people in New York City who still, still don't have electricity or heat. Many of them are waiting for an electrician to come to repair or certify wiring that was damaged by all the flooding. But as NPR's Joel Rose reports, there aren't enough electricians to go around.

Read more

7:00am

Thu November 29, 2012
Strange News

Start Your Day With Bacon ... Shaving Cream

Originally published on Thu November 29, 2012 9:18 am

Transcript

DAVID GREENE, HOST:

Read more

5:00am

Thu November 29, 2012
Business

The 'Not Too Crazy' Pulls Ahead In Car Race

Originally published on Thu November 29, 2012 12:55 pm

Toyota unveils its new RAV4 crossover SUV to the media Wednesday before the L.A. Auto Show opens to the public.
Frederic J. Brown AFP/Getty Images

Once upon a time when a car company introduced a new car, it was a new new car.

But at this year's L.A. Auto Show, you won't see any revolutionary new rides — at least not on the outside. You'll find the same sameness in your grocery store parking lot. A lot of cars look alike. Why is that?

"What they're relying on to distinguish these cars from one another is not so much the mechanical pieces of them or the design," says Brian Moody of Autotrader.com. "They're selling sort of a lifestyle or an experience or a philosophy."

Read more

Pages