There was a 1.1 percent increase in new orders for so-called durable goods in May from April, the Census Bureau says. That's more than economists had forecast, Bloomberg News reports. According to Reuters, economists thought Census would say orders went up about 0.4 percent.
Something that was "unimaginable a couple of decades ago" happened today in Belfast, Northern Ireland, when Queen Elizabeth II shook the hand of former Irish Republican Army commander Martin McGuinness, NPR's Philip Reeves tells our Newscast Desk.
As Philip adds:
"McGuinness used to be a senior member of the IRA, the group that killed the queen's cousin, Lord Louis Mountbatten in 1979. ... The handshake signals times have greatly changed since the end of the conflict, which claimed more than 3,500 lives, though some tensions remain."
"A firestorm of epic proportions" continues to threaten Colorado Springs, Colo., as more than 1,000 firefighters battle flames that by midday had forced more than 26,000 people to flee their homes.
It was local Fire Chief Rich Brown who called the inferno epic Tuesday night. Today, Lt. Jeff Kramer of the El Paso County Sheriff's Office said it's an event "that is certainly unprecedented in this city," The Denver Post reports.
Good morning. I'm Renee Montagne. Off the coast of Croatia is an island where the mayor dines with Eric Clapton, offers to rename an island Facebook Island if Mark Zuckerberg comes to visit, and just gave honorary citizenship to a celebrity baby. The baby is Blue Ivy, daughter of Beyonce' and Jay Z. Her name was apparently inspired by a tree covered in Blue Ivy at a resort on the island, Hvar. the mayor says the publicity has been great for tourism. It's MORNING EDITION. Transcript provided by NPR, Copyright National Public Radio.
An update of the proposed 2013-2014 budget was presented to Wichita City council members Tuesday. The plan includes eliminating 37 positions to help balance the budget.
The 37 jobs slated to be cut include 19 vacant positions in the Office of Central Inspection, and 10 in engineering. Also, eight police positions will be eliminated including seven grant-funded police officers plus another police position, a civilian working in parking enforcement.
City Manager Robert Layton says the plan is to move these workers into other positions.
A Nordstrom warehouse worker created a mini department store in his living room — displaying fancy watches and hand bags at very good prices. He even took orders. Police noticed him when he wore a bulky winter coat to work on a hot summer day and made lots of trips to his car.
NPR's business starts with living wills for banks.
The nation's biggest banks are getting ready to file plans with the government for how they would unwind their assets if they were to fail. The plans are called living wills. Regulators want to avoid the type of damage the collapse of Lehman Brothers had on the financial system. Big banks have a July 1st deadline to submit their living wills to the Federal Reserve and FDIC. Transcript provided by NPR, Copyright NPR.