Growth was a bit weaker than economists expected, but was well above fourth-quarter 2012's weak 0.4 percent increase. The first-quarter figure is likely to be revised in coming months, perhaps closer to the 3.2 percent growth economists were expecting.
Samsung announced Friday 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. On Saturday, it's launching a new smartphone in the U.S. — the Galaxy S4.
The Senate has passed a bill to give the Department of Transportation more flexibility in how it makes the mandatory cuts of the sequester. Hundreds of flights were delayed this week after the FAA furloughed air traffic controllers, setting off a political storm.
The long-promised update to the 1986 Electronic Communications Privacy Act is moving through Congress. On Thursday, the Senate Judiciary Committee approved a bill that would make the police get a warrant before peeking at your old emails and anything else you store online. The House is moving in the same direction.
Boston Beer Company has sponsored the marathon for years — even brewing a special beer for the event: 26.2 Brew. The company says it's going to donate all 2013 proceeds of that beer to a local charity that helps families touched by the tragedy.
Some housing experts say the city's zoning code has discouraged the building of affordable housing by requiring that all apartments be at least 400 square feet. The city is interested in finding ways to rewrite the rules. An exhibition at the Museum of the City of New York looks at ways to fix the city's housing shortage.
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