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."
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.