From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block.
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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.
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.
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.
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.
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.
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.
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.
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.
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.
The biggest player in food distribution is gobbling up a rival.
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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 business news begins with signs of a Chinese revival.
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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.
This is MORNING EDITION from NPR News, I'm Renee Montagne.
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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.