CEO Barra calls GM's
actions on deadly defect 'unacceptable'
General Motors Co. CEO Mary Barra on Tuesday called her company's slow response
to faulty ignition switches linked to at least 13 deaths
"unacceptable," but she could not give U.S. lawmakers many answers as
to what went wrong. After taking an oath at a House of Representatives panel,
Barra kicked off the contentious hearing by declaring, "I am deeply
sorry" for the company's failure to respond quickly to the safety problem
and subsequent deaths.
U.S. private job growth
accelerates in March
U.S. companies picked up the pace of hiring in March, signaling that harsh
winter weather's drag on job growth may be fading, according to today's report
by payroll processing company ADP. Domestic private employers added 191,000
workers in March, slightly below economists' expectations, while gains in
February were revised higher.
Music industry pushes
unified message on compensation
New York Times: When it comes to the music industry's lobbying
efforts in Washington, it is time for some harmony. That message has gained
momentum among music executives, who worry that squabbling among the various
players - record labels, music publishers, artists, songwriters - will undermine
broader initiatives to push for new legislation and regulatory reform.