Audie Cornish talks with Jeff Miller a corn and soybean farmer in Lewiston, Ill., near Peoria, about the flooding in the Midwest that's come on the heels of a historic drought. Miller's farm, located right along the Illinois and Spooner Rivers, is already partially flooded, preventing him from planting corn so far this spring.
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.
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.
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
Accelerating economic growth is at the top of NPR's business news.
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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.
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.
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, TheBaltimore 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.
NPR's business news starts with Samsung ringing up sales.
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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.
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.
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.
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.
Credit Jim Zarroli / NPR
This housing model, showcased at the Museum of the City of New York, depicts possible space-saving methods in the city. 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.
Credit Jim Zarroli / NPR
Another space-saving housing model showcased at Making Room, the art exhibit at the Museum of the City of New York.
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.
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.
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.
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.
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.
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.
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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.
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.
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.
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."
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.
Chang'an Ford Mazda Automobile Co. Ltd. Executive Vice President Luo Minggang (left) and President Marin Burela unveil the new Ford Mondeo model at the Shanghai auto show this week. Ford's sales in China were up 30 percent last year.
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.
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.
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.
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.
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.
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.
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.