Business

2:21pm

Fri April 27, 2012
Business

Aspen Chamber Resort Association Cuts Ties to U.S. Chamber of Commerce

Chuck.Miser/Creative Commons

Citing a difference of opinion over climate change, the Aspen Chamber Resort Association decided to cut ties with the U.S. Chamber of Commerce earlier this week.

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11:29am

Fri April 27, 2012
The Two-Way

Obama Administration Backs Down From New Child-Labor Rules On Farms

After tough criticism from Republicans, the Obama administration withdrew its proposal for new rules to limit child labor on farms.

The AP reports that yesterday, the Labor Department withdrew the proposed rules "that would ban children younger than 16 from using most power-driven farm equipment, including tractors. The rules also would prevent those younger than 18 from working in feed lots, grain bins and stockyards."

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6:43am

Fri April 27, 2012
The Two-Way

Economy Grew At 2.2 Percent Rate In First Quarter

Originally published on Fri April 27, 2012 7:12 am

The U.S. economy grew at a 2.2 percent annual rate in the first quarter of the year, according to the Bureau of Economic Analysis.

That's down from the 3 percent pace in fourth-quarter 2011, but is still better than the 1.7 percent growth for all of last year.

The first-quarter figure will be revised twice, in each of the next two months.

We'll have more about the report shortly.

Update at 8:47 a.m. ET. Behind The Numbers:

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3:12am

Fri April 27, 2012
Business

The Last Word In Business

Originally published on Fri April 27, 2012 5:46 am

Sales of previously owned homes are up more than 10 percent from last year, according to The Wall Street Journal. At the same time, the number of homes for sale is at the lowest levels in years. The result, say many real estate firms, is that most of the offers being made these days come with competing bids.

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3:12am

Fri April 27, 2012
Business

Amazon's Profits Exceed Wall Street's Expectations

Originally published on Fri April 27, 2012 5:24 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with impressive earnings for Amazon.

(SOUNDBITE OF MUSIC)

INSKEEP: Amazon released its first-quarter earnings for 2012, which far exceeded Wall Street expectations. As NPR's Steve Henn reports, that sent Amazon's stock price soaring.

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