Economy & Business

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.

Read more
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.

Read more
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.

Read more
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.

Read more
Economy
6:29 am
Tue December 10, 2013

Study Shows Rising Rent Straining Family Budgets

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

Transcript

STEVE INSKEEP, HOST:

You may recall the guy who ran for governor of New York as part of the: Rent Is Too Damned High Party. Turns out, it is. A new study from the Harvard Joint Center for Housing Studies shows more and more families spending more and more of their monthly budgets on rising rents - leaving less money for everything else, including food.

Chris Herbert is one of the report's authors, and he spoke with our colleague, David Greene.

DAVID GREENE, HOST:

Read more
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
4:12 am
Tue December 10, 2013

BP Argues Companies Are Unfairly Cashing In On 2010 Spill

The Deepwater Horizon oil rig burns in the Gulf of Mexico in April 2010.
Gerald Herbert AP

Originally published on Tue December 10, 2013 11:56 am

Oil giant BP is challenging hundreds of millions of dollars in claims that were filed by businesses after the company's 2010 oil spill in the Gulf of Mexico.

The total price tag for BP's oil spill is huge — $42.5 billion. At issue here is a fraction of that — but still a lot of money. BP says $540 million has been awarded to businesses for losses that "are either nonexistent, exaggerated or have nothing to do with the Deepwater Horizon accident."

Read more
Business
4:12 am
Tue December 10, 2013

Women Still Largely Absent From Corporate Boards

Sheryl Sandberg, chief operating officer of Facebook, is one of the relatively few women to serve on major corporate boards.
Ramin Talaie Getty Images

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

Women are still not making headway when it comes to getting on corporate boards or into senior leadership roles within big companies.

New research out Tuesday examined Fortune 500 Companies and found that women hold only about 17 percent of the seats on boards of directors, and they have an even smaller share — about 15 percent — of senior executive positions.

Read more
All Tech Considered
4:47 pm
Mon December 9, 2013

Teens Dig Digital Privacy, If Snapchat Is Any Indication

Three high school students in Oakland, Calif., swap photos using Snapchat.
Ike Sriskandarajah Youth Radio

Originally published on Tue December 10, 2013 9:45 am

The track record of commercial products designed with privacy as a top priority has been abysmal — at least until recently. The ephemeral texting app Snapchat is turning assumptions upside down about young people and their desire for digital privacy.

Fred Cate, director of applied cybersecurity research at Indiana University, is an expert on privacy in the digital age. But when it comes to the viability of tech products that promise privacy, Cate has always been skeptical.

Read more

Pages