This is the time of year when we take a deep breath and a look ahead to the long summer movie season. And this year, as Stephen is quick to point out, things look pretty dire. There's a lot of apocalyptic stuff going on, and zombies, and vampires, and even the Iron Man movie looks dark. (Don't even get us started on the fact that the Star Trek movie is actually subtitled "Into Darkness.")
NPR's business news starts with Samsung ringing up sales.
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INSKEEP: Samsung said this morning 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. Tomorrow, it's launching a new smartphone in the United States - the Galaxy S4 - which is aimed at taking on Apple's iPhone. Transcript provided by NPR, Copyright NPR.
Accelerating economic growth is at the top of NPR's business news.
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INSKEEP: U.S. economic growth regained speed in the first quarter of this year, although not as much as economists had hoped. The Gross Domestic Product grew at an annual rate of 2.5 percent. Consumer spending is up and home construction rose, but government spending fell and tax increases, as well as federal budget cuts, are expected to slow economic growth later in the year. Transcript provided by NPR, Copyright NPR.
Good morning. I'm Renee Montagne. Alexander Graham Bell came up with one of the world's most important acoustical devices, but his own voice had been lost until now. The Smithsonian has found the inventor's voice on a wax disc from 1885. Listen closely.
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ALEXANDER GRAHAM BELL: Here is my voice. Alexander Graham Bell.
MONTAGNE: Alexander Graham Bell. That old recording was brought to life with digital technology. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.
Good morning, I'm Steve Inskeep with congratulations to Bill Clinton. The president, whose campaign theme was "Don't Stop Thinking About Tomorrow," caught up with Twitter. TV host Stephen Colbert made him a fake Twitter account, and then Clinton began using a real one. He's posted a few messages, including one saying he's enjoying Twitter so far. Where else can you hear from Bill Gates, Paul Pierce, John McCain, Ellen DeGeneres and Usher in one day? Hashtag: #Thisisgreat.
That's modest growth, and was below the 3.2 percent pace economists had expected to hear about. But growth was up substantially from fourth-quarter 2012, when the economy expanded at a scant 0.4 percent annual rate.
The Tribune Co. is considering the sale of all of its daily newspapers, including the <em>Chicago Tribune</em>, <em>The Baltimore Sun </em>and the <em>Los Angeles Times, </em>whose building is pictured above.
The Tribune Co., emerging from bankruptcy and looking to reshape itself, is now considering the sale of all its newspapers — including the Chicago Tribune, the Los Angeles Times, TheBaltimore Sun and five other regional newspapers. It's still very early in the sale process; although the newspaper unit has been valued at $623 million, significant debts are also attached, and Tribune has signaled that it reserves the right not to sell if there isn't a worthy bid.