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Stocks sputter...Congress votes to end air traffic furloughs...EPA: Alaska mine could hurt salmon

Friday - 4/26/2013, 3:30pm  ET

NEW YORK (AP) -- The stock market is sputtering today on word that the U.S. economy didn't grow as much as hoped, and neither did earnings from a handful of big companies like Amazon.com. The government says the economy grew at an annual rate of 2.5 percent in the first three months of the year, missing the 3.1 percent forecast of economists polled by FactSet.

WASHINGTON (AP) -- Congress has approved legislation to end the furloughs of air traffic controllers that have delayed hundreds of flights daily. The House approved the measure on a 361-41 vote today, a day after the Senate passed it. The president is expected to sign it. The Federal Aviation Administration furloughed the controllers as part of government-wide spending cuts. The bill would let the FAA use money from other accounts to end the furloughs.

JUNEAU, Alaska (AP) -- The Environmental Protection Agency says a large-scale mine project near the headwaters of a world-class salmon fishery in Alaska could wipe out up to 90 miles of streams. The Pebble Limited Partnership says its proposed mine has the potential of producing 80.6 billion pounds of copper and 107.4 million ounces of gold. The EPA report focuses on the Pebble Mine proposal, but it also says the potential for multiple mines could lead to further elimination of streams and wetland losses.

DETROIT (AP) -- General Motors wants a long prison sentence for a former employee and her husband who were convicted of stealing hybrid vehicle technology for potential use by competitors in China. They could get eight to 10 years in prison when they're sentenced on Tuesday. Prosecutors say trade secrets were found on at least seven computers owned by the suburban Detroit couple. The government doesn't believe the information made it to China.

DHAKA, Bangladesh (AP) -- This week's deadly building collapse in Bangladesh is drawing new attention to efforts to improve safety in the country's $20 billion garment industry. After a factory fire killed 112 garment workers in November, global retailers and clothing brands expanded a patchwork system of private audits and training. They rejected as too costly a proposal to establish an independent body, funded by company contributions, to oversee all factories in Bangladesh and shut down those deemed unsafe.


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