Morning Edition

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RENEE MONTAGNE, HOST:

NPR's business news starts with more positive signs for the economy.

The U.S. economy is improving faster than previously predicted. This, according to two dozen economists surveyed by the Associated Press. The economists foresee stronger growth and more hiring than they did two months ago, and predict an unemployment rate at around eight percent by Election Day.

It would be difficult for some people to let a stranger drive off with one of their most valuable possessions. But not for Stanford graduate student Katie Hagey.

Hagey is one of a growing number of individual car owners who have started renting their wheels to people they don't know through car-sharing startup companies resembling the better-known Zipcar.

The last time Morning Edition spoke with K'naan, he had just gone back to his native Somalia for the first time in 20 years to highlight the effects of the famine there.

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RENEE MONTAGNE, HOST:

Good morning. I'm Renee Montagne. Joshua Thompson is a big moviegoer, but high prices at the concession stand left a bad taste in his mouth. So after paying $8 for a Coke and a box of Goobers, Thompson filed a class action lawsuit. It accuses Michigan's AMC Theaters of charging grossly excessive prices for snacks. Consumer lawyers told the Detroit Free Press the lawsuit will likely be a flop, but moviegoers are applauding. It's MORNING EDITION. Transcript provided by NPR, Copyright National Public Radio.

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STEVE INSKEEP, HOST:

Now, we do not know what songs make Hiroshi Hoketsu move, but the Japanese equestrian does move gracefully on a horse. Just shy of his 71st birthday, he has won a spot at the London Olympics for dressage, where you lead a horse through a series of very precise movements. Japanese officials are still deciding whether they'll let him compete.

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RENEE MONTAGNE, HOST:

NPR's business news starts with more bad news for News Corp.

An FBI investigation of Rupert Murdoch's media company is now looking to Russia. A billboard company, News Outdoor Russia, owned until last year by News Corp, is being scrutinized over possibly bribing public officials. The FBI began looking into News Corps' operations after its British newspapers were embroiled in a bribery and phone hacking scandal.

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Now just as the U.S. economy seems to be picking up, China's is not. The Chinese government has downgraded its economic growth target to the slowest rate in eight years. China's premier says the country needs to boost consumer demand, and address what he calls unsustainable development.

NPR's Louisa Lim reports from Beijing.

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Lawyers for BP, and thousands of people affected by the Deepwater Horizon accident and oil spill, had been expected, for a long time, to be in a New Orleans courtroom this morning for a civil trial. Instead, they're reviewing a deal to settle the case.

BP estimates it would pay nearly $8 billion in the settlement. In exchange, the company would avoid revisiting, in a courtroom, what led up to the drilling rig explosion that killed 11 men and poured massive amounts of oil into the Gulf of Mexico.

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The death toll from the tornados that slammed Midwestern and Southern states on Friday has now risen to 39. The latest victim is Angel Babcock, 15 months old. She died on Sunday in a hospital in Louisville, Kentucky. The toddler was found in the shattered remains of her family's home. Her parents and two siblings were also killed.