Business

Samsung Rings Up Sales

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

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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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?

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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Regulators Warn Banks On Direct-Deposit Loans

by John Ydstie

Regulators are warning some of the nation's largest banks to stop offering loans that are hard to distinguish from those given out by storefront payday lenders. The banks have been offering high-interest-rate, short-term loans to customers with direct deposit as an advance on their paychecks.
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