Originally published on Fri February 1, 2013 4:32 pm
By Randy Lilleston
Credit Richard Drew / AP
Happy days are (or might be) here again: The Dow Jones industrial average closed above 14,000 Friday, marking the first time the stock market measure has broken that barrier at close since October 2007.
The average closed at 14,009.79. That's up more than 149 points, or about 1.1 percent for the day. The closing comes hours after the release of a new monthly unemployment report that indicated jobs grew at a faster rate late last year than previously estimated.
The iconic black cabs of London got a lift Friday when a Chinese company rescued the British automaker that manufactures the taxis. Zhejiang Geely Holding Group said it will pay $17.5 million to buy Manganese Bronze Holdings, which has been making the cabs since 1899.
Originally published on Fri February 1, 2013 12:12 pm
The winter may not be over, but economists are looking to spring for good news when it comes to jobs. Host Michel Martin speaks with NPR Senior Business Editor Marilyn Geewax about whether a strengthening housing market could boost stalling jobs numbers.
Here in the depths of winter, U.S. economic numbers aren't looking so hot. This week, new reports showed growth started to freeze up last fall, and the unemployment rate rose a bit in January, to 7.9 percent.
But most economists say you shouldn't let those cold facts fool you: This spring's data could look much brighter if the housing market continues to heat up.
Anyone who gives up gluten, either by choice or medical necessity, will inevitably feel a twinge of regret bidding adieu to bread, pasta or pastries. But for some, the greatest hardship may be saying no to beer — especially at times like Super Bowl Sunday, when having a cold one in hand is part of many people's game day tradition.
So it's no small thing that a growing number of brewers are offering gluten-free beers that are both tasty and satisfying.
It's MORNING EDITION from NPR News. I'm Steve Inskeep.
RENEE MONTAGNE, HOST:
And I'm Renee Montagne. More signs today of a slow, slow economic recovery. The Labor Department reports the economy added 157,000 new jobs last month. The unemployment rate ticked up slightly, to 7.9 percent. To tell us what's behind these numbers, we're joined by NPR business correspondent Yuki Noguchi, and also our White House correspondent, Scott Horsley. Good morning to both of you.
And now to Google, which is looking for some hackers to ride to the top in an unusual competition. Our last word in business is: pi contest, as in 3.14.
STEVE INSKEEP, HOST:
Three point one four, that's the amount in millions of dollars that Google is offering in what its Podium Hacking Contest. The challenge here is to hack the Google Chrome operating system and expose security flaws.
Travis McCoy is the product manager for Chrome and we asked him why pi.