I'm Michel Martin and this is TELL ME MORE from NPR News. Coming up, for years now we've been talking about ways to close the achievement gap. Now some states are asking to set standards based on race. You can imagine why this is controversial. So we'll try to learn more about this in just a few minutes.
Saying it needs to "further reduce expenses and improve efficiency across the company," Citigroup announced today that it is eliminating about 11,000 jobs — 4 percent of its global workforce.
The banking giant also said it is expects to take "pre-tax charges of approximately $1 billion in the fourth quarter of 2012 and approximately $100 million of related charges in the first half of 2013."
This is MORNING EDITION from NPR News. I'm David Greene.
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After eight days and billions of dollars in lost business, the shutdown at the nation's busiest port hub is over. Striking clerks at the adjacent ports of Los Angeles and Long Beach have reached a tentative agreement with managers. At issue: worries about outsourcing jobs. The clerks, hundreds of them, and ten thousand longshoremen, who refused to cross picket lines, head back to work this morning.
We begin NPR's business news today with a Facebook status update.
Facebook will join the Nasdaq 100 Index next week. It's replacing Indian tech company Infosys. It used to be that companies had to be listed on the Nasdaq for two years before they could become part of this elite index. Facebook only had to wait three months, thanks to some rule changes Nasdaq made back when the social network decided to go public. Transcript provided by NPR, Copyright National Public Radio.
Some top-tier business schools are offering more than just finance and marketing these days: Duke, UCLA, MIT and Stanford are all teaching improv. Professors say these techniques help students increase collaboration, creativity and risk taking.
In an improvisational leadership class at MIT's Sloan School of Management, instructor Daena Giardella coaches a scene where a hospital administrator is firing surgeons after a horribly botched operation.
Giardella, who does professional improv, boils it down to a rule known as "yes, and."