Business

FAA Expected To Gain Flexibility On Budget Cuts

6:59pm April 26, 2013

The Senate has passed a bill to give the Department of Transportation more flexibility in how it makes the mandatory cuts of the sequester. Hundreds of flights were delayed this week after the FAA furloughed air traffic controllers, setting off a political storm.

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Spain To Unveil Economic Overhaul Plan

6:59pm April 26, 2013

by Lauren Frayer

Spain's jobless rate has exceeded even the most dire predictions. As Prime Minister Mariano Rajoy prepares to release a slate of economic changes, Spaniards are hoping he will heed their calls for mercy after years of budget cuts and austerity.

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Economy

U.S. Economic Growth Regained Speed In First Quarter

6:59pm April 26, 2013

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 and federal budget cuts are expected to slow later this year.

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Samsung Rings Up Sales

6:59pm April 26, 2013

Samsung announced Friday 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. On Saturday, it's launching a new smartphone in the U.S. — the Galaxy S4.

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World News

787 Dreamliner Could Mean Big Things For Africa's 'Air Wars'

5:06pm April 26, 2013

by Gregory Warner

Boeing's 787 Dreamliner was supposed to be a game changing new aircraft, but battery problems grounded the fleet, costing Boeing an estimated $600 million. Now the Federal Aviation Administration has approved a fix to the battery issue, and the first Dreamliner will return to the skies this weekend in Africa. Ethiopian Airlines is relaunching the "continent's first" Dreamliner in its effort to distinguish itself in the increasingly competitive, increasingly crowded African aerospace market.

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Lady Gaga Writing A New Song Is Like A Factory Investing In A New Machine

2:46am April 26, 2013

by David Kestenbaum

The government is about to change the way it accounts for the economic value of music and movies.

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Sen. Lamar Alexander, R-Tenn. (left), leads a news conference about the Marketplace Fairness Act on Tuesday. The legislation would provide states with the authority to require out-of-state retailers to collect and remit taxes on purchases shipped into the

Politics & Government

Shifting Retail Landscape Tilts Support For Online Sales Tax

2:46am April 26, 2013

by Yuki Noguchi

The U.S. Senate seems ready to let states collect sales tax from more online retailers. Support for the measure has increased as businesses have converged their online and offline sales. "We're looking for consistency" in how taxes are collected, says the owner of a St. Louis pet store chain.

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Should Air Traffic Controllers Be Included In Furloughs?

2:46am April 26, 2013

by Tamara Keith

As air travelers grumble about delayed flights, congressional Republicans have a new talking point: It's all President Obama's fault. They argue that he could make cuts in less critical parts of the FAA budget, but wants to inconvenience the public to force Congress to undo sequestration.

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Politics & Government

House Panel Examines Government Loan To Fisker Automotive

2:46am April 26, 2013

by Sonari Glinton

The founders of financially troubled Fisker Automotive were grilled by Republican lawmakers on Capitol Hill Wednesday. The electric car maker received a $529 million loan from the Department of Energy in 2009. The carmaker is now on the edge of collapse. Fisker has laid off most of its employees and hired bankruptcy advisers.

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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.

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

8:16pm April 25, 2013

by Jim Zarroli

Some housing experts say the city'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. An exhibition at the Museum of the City of New York looks at ways to fix the city's housing shortage.

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