Orders for equipment, appliances, aircraft and other so-called durable goods fell 4.2 percent in March from February, the Census Bureau reports.
It's the second decline in the past three months and the biggest monthly dip in three years. Much of the drop in March was due to a decline in orders for aircraft. "But companies also ordered less machinery and other equipment, a sign manufacturing output may slow," The Associated Press writes.
The basketball player formerly known as Ron Artest has been suspended for seven games for swinging his left elbow hard into the head of an opponent on Sunday.
Metta World Peace, as the Los Angeles Lakers forward is now known, will miss the team's last regular season game on Thursday. The Lakers then move into the playoffs, where each round is "best-of-seven." So he could miss most or all of the first round (if the Lakers extend that matchup beyond four games) and even a game or two in the second round (if the Lakers advance after just four or five games).
Back in 1934, veterans of World War I put up a memorial in the Mojave Desert, setting a cross on what's known as Sunrise Rock. Private citizens have always maintained the cross even though it was on federal land. But the memorial has sparked debate for years. According to the Los Angeles Times, the Park Service will give the property to Henry and Wanda Sandoz in exchange for land they own elsewhere.
Originally published on Wed April 25, 2012 10:01 am
A few of the latest developments in the so-called Secret Service scandal, which involves alleged cavorting with prostitutes by agents and U.S. military personnel in Cartagena, Colombia, earlier this month:
Good morning. I'm Renee Montagne. We know the odds of winning a million dollar Powerball jackpot - one in five million. But what are the odds of winning that jackpot twice in one day? That's just what Virginia Fike said to herself when she accidentally bought to Powerball tickets instead of one. Whatever they are, she beat the odds. Her five lucky numbers brought her a double win. And last Friday she was handed a check for $2 million. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.
During almost two weeks since a cease-fire took effect in Syria, hundreds of people have been killed. The killing continues despite the agreement by Syria's government and rebels, and despite the presence of United Nations monitors. NPR's Kelly McEvers is tracking this situation from Beirut.
And there were protests and arrests at the Wells Fargo annual shareholders meeting in San Francisco yesterday. The demonstration - led by the Occupy Movement - was over the bank's foreclosure and lending policies. Hundreds of protesters bought bank shares so they could attend the meeting and disrupt proceedings. [POST-BROADCAST CORRECTION: While hundreds sought to disrupt the meeting, several dozen people representing community groups had purchased stock.]
The town of Boring, Oregon, is twinning with the village of Dull, Scotland. The idea came after a Scottish cyclist passed through Boring. She thought Dull would make a great sister community. Scotland's tourism agency says the partnership could attract visitors to Dull.
As part of Morning Edition's Family Matters financial literacy series, Renee Montagne talks to Jane Gross, author of A Bittersweet Season, about caring for her aging mother, and what she wishes she had known before she started.
Copyright 2012 National Public Radio. To see more, visit http://www.npr.org/.
Wal-Mart's stock price has fallen sharply this week. That comes after The New York Times reported that the retailer's rapid growth in Mexico involved systematic bribery. Stock prices have also fallen for Wal-Mart's Mexico subsidiary Walmex.
This negative reaction came, even though financial journalist Eduardo Garcia in Mexico City, says bribery is a normal part of business in Mexico.
Was anybody in the business community in Mexico surprised to hear these allegations against Wal-Mart?
Apple announced higher-than-expected earnings for the most recent quarter — profits nearly doubled over last year. Apple's stock is back up, after falling in recent weeks over fears of a slowdown in iPhone sales. Those fears proved unfounded. Sales of iPhone and iPads beat company estimates.
National Poetry Month may be coming to an end, but poetry lovers still have one big day to look forward to this April. This Thursday is Poem in Your Pocket Day. The idea is to tuck a favorite poem into your back pocket to share with family, friends and co-workers. Poetry lovers across the country have come up with clever ways to celebrate.
At Baggby's Gourmet Sandwiches in Charlottesville, Virginia, customers will find something different in their bag lunches. Owner Jon LaPanta explains.
Policymakers at the Federal Reserve wrap up a two-day meeting Wednesday and will explain what they plan to do about interest rates. The consensus seems to be they'll keep short-term rates near zero to help support the lagging economy.
Over the past five years, the Department of Veterans Affairs says, the number of former service members seeking mental health services has climbed by a third. In response, the agency has boosted funding and tightened standards.
Now that your child has gotten into college, have you figured out how much it's actually going to cost — and who's going to pay for it?
These questions are hitting college-bound students and their parents right about now, along with the other million questions that nobody seems to have straight answers for. Paying for college can be complicated, if not mind-boggling.
Roughly 7 out of 10 students borrow money to pay for college, and for many, the process might as well be a mystery wrapped in a riddle.
The U.S. Supreme Court takes up yet another incendiary election issue Wednesday when it hears arguments on a controversial Arizona law that targets illegal immigrants.
As with last month's test of the Obama health care overhaul, the case pits the federal government's assertion of power against some states, and with some exceptions, it pits Democrats against Republicans.
Originally published on Tue April 24, 2012 4:37 pm
The White House has been fielding questions lately about President Obama's travel — what's official, what's political and whether taxpayers are getting stuck with the bill. It's the same issue that rolls around every time a president runs for re-election.
Take President Obama's trip to Florida earlier this month. It featured an official presidential speech on the economy at Florida Atlantic University. On the same trip, the president hit two fundraisers.