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.
Originally published on Wed April 25, 2012 8:40 am
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 11:01 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.
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?
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.]