Morning Roundup- GM hires new CEO, Italian economy stops contracting, and Wells Fargo Chief sees healing US Economy
- A Look at Mary Barra from Wall Street Journal, as Mary Barra will become the first female Chief Executive Officer of General Motors replacing Dan Akerson who will depart in January. Businessweek predicted Mary Bara as the next CEO in June.
- Italy's gross domestic product stopped shrinking in the third quarter, according to revised data from national statistics institute Istat. Stopping the bleeding is a good sign for the Euro Zone. Italian real GDP was unchanged from the previous three months, and down 1.8% from the third quarter of 2012, Istat reported Tuesday. The preliminary estimates were a 0.1% decline on the quarter and a 1.9% contraction on the year. Read more in Wall Street Journal
- Wells Fargo (WFC) Chief Executive John Stumpf said Tuesday the economy is healing, five years after the global financial meltdown. Mr. Stumpf acknowledged that economic growth has been slow and said while he thinks things are improving he doesn't see 2014 as a breakout year. Read more in the Wall Street Journal