Gross domestic product expanded at a 2.4 percent annual rate in the first quarter, the government reports. At one point, economists thought growth was closer to 3 percent in the first three months of the year.
It isn't clear yet whether U.S. regulators will approve the takeover of the iconic American company by China's Shuanghui International. There are concerns that Shuanghui could ratchet up production to feed the growing demand for meat in China.
An Oregon farmer discovered the genetically engineered wheat growing in his field about a month ago. Nobody knows how it got there, how widely it has spread, or whether it has been in fields harvested for food. GMO wheat is not approved for sale in the U.S.
As part of his investing adventure, NPR's Uri Berliner tries his hand at bulk buying. The idea: Stock up on goods now that you know you'll need later. It's a hedge against inflation. But figuring out what to buy and how much isn't so easy.
A Chinese food company is buying Virginia-based Smithfield Foods in a deal valued at $4.7 billion. It's being called the largest acquisition of a U.S. company by a Chinese buyer, but the deal will likely face close scrutiny.
Residents were outraged when The Times-Picayune cut its paper-and-ink edition to three days a week to focus on its website. Now the paper is facing a new competitor for the local media market — one based 80 miles away.
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