Originally published on Tue October 16, 2012 8:41 am
Vikram Pandit, the chief executive officer of Citigroup, has stepped down, the company's board announced today.
"The Board also announced it has unanimously elected Michael Corbat CEO and a director of the Board," Citigroup said in a statement. "Mr. Corbat previously served as Citigroup's CEO of Europe, Middle East and Africa."
After a zinger of a vice presidential debate last week, the bosses have a lot to live up to tonight. Just in case you haven't been paying attention: President Obama and former Gov. Mitt Romney face off in the second of three presidential debates.
It starts at 9 p.m. at Hofstra University in Hempstead, N.Y. The town-hall style debate will be moderated by CNN's Candy Crowley.
After what has been universally called a strong Romney victory during round 1, the spotlight is on Obama.
Yesterday, a federal judge dismissed a lawsuit brought by Christopher Johnson and Nathaniel Claybrooks, two black men who had auditioned for The Bachelor, who claimed that the show discriminates against people of color both in choosing the primary bachelor/ette and in choosing the people he or she will have to choose from.
Good morning. I'm Renee Montagne. Nearly 700 years after he ruled the Mali Empire, King Mansa Musa has been awarded the title of richest person in history. Personal fortune: $400 billion. That's according to a new inflation-adjusted list compiled by Celebrity Net Worth. West Africa's salt and gold were the source of Musa's great wealth, which he used to build magnificent mosques. More modern names on the list: The Rothchilds and John D. Rockefeller. It's MORNING EDITION. Transcript provided by NPR, Copyright National Public Radio.
Bank of America will release quarterly earnings tomorrow and once again, foreclosures will be part of the equation. The Charlotte-based bank's role in the 2008 housing crash has landed it on a fair number of lists of most hated institutions in America.
But, as Julie Rose of member station WFAE in Charlotte discovered, some of those most involved in cleaning up the aftermath of the foreclosure crisis are beginning to soften toward the bank.
Originally published on Tue October 16, 2012 9:45 am
RENEE MONTAGNE, HOST:
And four major manufacturers say they will start offering financial support for the training of military veterans. The corporations are taking part in a program called Get Skills to Work Coalition. It has said its initial goal at training 15,000 vets.
NPR's Yuki Noguchi reports.
YUKI NOGUCHI, BYLINE: Unemployment among veterans has been falling, as it has for everyone else. The jobless rate among vets serving after 2001 now stands at 9.7 percent, but that's still about 2 percentage points higher than the general population.
In the baseball playoffs tonight, the Detroit Tigers have a chance to put the reeling New York Yankees on the brink of elimination. Meanwhile, the San Francisco Giants have slowed the St. Louis Cardinals who'd been playing with the kind of magic touch that carried them to last year's World Series title. Last night in San Francisco, the Giants beat St. Louis 7-1 to even their National League Championship Series at one game each. NPR's sports correspondent Tom Goldman joins us to talk more baseball.