Business & Education

Business
3:29 pm
Tue December 10, 2013

GM's New CEO Will Be First Woman To Drive A Major Car Company

Originally published on Wed December 11, 2013 11:30 am

Transcript

MELISSA BLOCK, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block.

AUDIE CORNISH, HOST:

And I'm Audie Cornish.

It's been a big week for General Motors and it's only Tuesday. Yesterday, the Treasury Department sold off its remaining shares in the auto giant. That ends one of the most tumultuous periods in company history. Now, GM turns a page with a new CEO, Mary Barra.

As NPR's Sonari Glinton reports, she will become the first woman CEO of a major automaker.

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Business
3:04 pm
Tue December 10, 2013

GM Gives A Woman The Keys To Drive Its Future

Mary Barra speaks at the North American International Auto Show in Detroit earlier this year. General Motors has picked her to lead the company.
Rebecca Cook Reuters/Landov

Originally published on Tue December 10, 2013 4:29 pm

She's not the first woman to head a global corporation.

Ginni Rometty runs IBM, and Indra Nooyi heads PepsiCo. Don't forget Ursula Burns at Xerox and Meg Whitman at Hewlett-Packard. There's Marissa Mayer at Yahoo.

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The Two-Way
2:55 pm
Tue December 10, 2013

Regulators Approve Rule To Rein In Banks' Risky Trades

President Obama with Paul Volcker at the White House in 2009. Volcker, who headed the President's Economic Recovery Advisory Board, lent his name to a new rule aimed at curbing risk-taking on Wall Street.
Brendan Smialowski Getty Images

Originally published on Tue December 10, 2013 7:33 pm

The Volcker rule, a centerpiece of the 2010 Dodd-Frank financial law aimed at stopping some of the risky banking practices that contributed to the economic meltdown, was approved by five key regulators on Tuesday, clearing the way for its implementation.

The U.S. Commodity Futures Trading Commission became the fifth and final body to approve the rule. The Federal Reserve and the Federal Deposit Insurance Corp. were also among the agencies that gave the green light.

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Code Switch
2:33 pm
Tue December 10, 2013

In A Small Missouri Town, Immigrants Turn To Schools For Help

Abbie Fentress Swanson Harvest Public Media

Originally published on Wed December 11, 2013 11:30 am

This story comes to us from Harvest Public Media, a public radio reporting project that focuses on agriculture and food production issues. You can see more photos and hear more audio from the series here. Wednesday, we'll have a story from a meatpacking plant in Garden City, Kan., which takes a proactive stance toward its newest immigrants.

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Code Switch
1:53 pm
Tue December 10, 2013

When Buying A Home Is Too Costly And The Rent Is Too Damn High

Jimmy McMillan ran for governor of New York state in 2010 as the candidate from the Rent is 2 Damn High party. (Party platform: The rent is too damn high!) The cost of renting a home is swallowing an ever larger portion of Americans' incomes.
Kathy Kmonicek AP

Originally published on Tue December 10, 2013 4:50 pm

Back in 1995, more than half of all people of color rented their homes — almost twice the proportion of white renters. Then the Clinton administration pushed policies to bolster homeownership rates, and those numbers began a gradual, decade-long decline. The number of people of color renting fell below 50 percent. This coincided with an increased willingness by lenders to extend credit including to subprime borrowers.

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Planet Money
11:19 am
Tue December 10, 2013

Do Americans Spend More On Video Games Or Movies?

PricewaterhouseCoopers

Originally published on Tue December 10, 2013 12:34 pm

Americans spend more on video games than on tickets to the movies. Grand Theft Auto V was the fastest-selling entertainment product of all time, with sales of $1 billion in just three days.

But when you factor in everything — not just movie tickets, but on demand, rentals, etc. — Americans still spend way more on movies than they do on video games.

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Business
11:11 am
Tue December 10, 2013

Volcker Rule Aims To Rein In Banks' Risky Trades

American bank regulators unveiled the final version of the so-called Volcker Rule, which prohibits banks from trading stocks, bonds and derivatives for their own accounts. For more, Steve Inskeep speaks to NPR's Jim Zarroli.

Economy
10:59 am
Tue December 10, 2013

Puerto Rico Bound For Bailout?

Transcript

CELESTE HEADLEE, HOST:

This is TELL ME MORE from NPR News. I'm Celeste Headlee. Michel Martin is away. We're going to spend some time today talking about money. In a few minutes, we'll ask how you can make some extra cash by selling either the junk around your house or the junker in your driveway.

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Your Money
10:59 am
Tue December 10, 2013

Maximize Your Cash Flow By Selling Your Stuff

Transcript

CELESTE HEADLEE, HOST:

This is TELL ME MORE from NPR News. I'm Celeste Headlee. If your wallet's already hurting this holiday season, we're going to spend the next part of the program helping you out a little. In a few minutes, we'll find out how to make the most money selling your used car. But first, some financial experts say if you're looking for extra cash, look no further than common things in your own house.

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The Two-Way
9:02 am
Tue December 10, 2013

GM Says Its First Female CEO Will Take Over Next Month

General Motors executive Mary Barra, seen here in January, will become the automaker's first female CEO. She will replace Dan Akerson, 65, who is retiring.
Carlos Osorio AP

Originally published on Tue December 10, 2013 1:18 pm

Mary Barra will become the new leader of General Motors in January, the company announced Tuesday. A longtime GM veteran, Barra is currently an executive vice president; her tenure as CEO will begin after current leader Dan Akerson retires on Jan. 15.

Barra, 51, works in the company's global product development unit. She will soon become the first woman to lead a major automaker, as The Detroit Free Press reports.

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Business
6:29 am
Tue December 10, 2013

Treasury Department Sells Its Stake In GM

Originally published on Tue December 10, 2013 11:11 am

The U.S. Department of Treasury has gotten out of the auto business. The government completed its sales of stock in General Motors on Monday.

Business
6:29 am
Tue December 10, 2013

Businesses Object To Posting On-Job Injuries Online

Originally published on Tue December 10, 2013 11:11 am

Transcript

STEVE INSKEEP, HOST:

The government requires large employers to keep records of on-the-job injuries suffered by their employees. Now, the Obama administration wants to make those records easily available on a website. It says that would lead to safer workplaces. Manufacturers and businesses are objecting, arguing the data could be misinterpreted.

NPR's Brian Naylor reports.

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Business
6:29 am
Tue December 10, 2013

Sysco To Buy U.S. Foods

Originally published on Tue December 10, 2013 11:11 am

Transcript

STEVE INSKEEP, HOST:

The biggest player in food distribution is gobbling up a rival.

RENEE MONTAGNE, HOST:

Sysco, which supplies places, such as restaurants and hospitals, is planning to buy U.S. Foods in a deal worth more than $8 billion. If approved by regulators, this could turn Sysco into a distribution colossus.

NPR's David Schaper has more.

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Business
6:29 am
Tue December 10, 2013

China's November Growth Adds To Hope For Global Upturn

Originally published on Tue December 10, 2013 11:11 am

Transcript

RENEE MONTAGNE, HOST:

NPR's business news begins with signs of a Chinese revival.

(SOUNDBITE OF MUSIC)

MONTAGNE: The latest economic numbers out of China are adding to hope for a global economic upturn. Growth figures for November show China's factory output is up 10 percent from a year ago, and exports are up almost 13 percent. That rebound has been helped by a boost in demand for Chinese goods in the United States and the European Union in the lead-up to the holiday shopping season. Transcript provided by NPR, Copyright NPR.

Business
6:29 am
Tue December 10, 2013

High Stakes For Banks As Volcker Rule Is Finalized

Originally published on Tue December 10, 2013 11:11 am

Transcript

RENEE MONTAGNE, HOST:

This is MORNING EDITION from NPR News, I'm Renee Montagne.

STEVE INSKEEP, HOST:

And I'm Steve Inskeep. Federal regulators have unveiled the final version of what has come to be called the Volcker Rule. It's a big part of the financial reform that went into affect three years ago. It's taken all those years to come up with the language that will set new limits on the kinds of trading that banks can do and cannot do. NPR's Jim Zarolli joins us now to talk about this. Hi Jim.

JIM ZAROLLI, BYLINE: Hi.

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