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Tue June 4, 2013
Originally published on Tue June 4, 2013 8:10 am
(SOUNDBITE OF MUSIC)
RENEE MONTAGNE, HOST:
NPR's business news starts with GM's continued revival.
Four years after being kicked out of the Standard & Poor's 500, General Motors returns to the index this week. The Detroit automaker will rejoin both the S&P 100 and 500 indices this Thursday after the stock market closes. GM replaces H.J. Heinz, which will no longer be a publicly traded company.
GM's return is seen as another sign of its financial turnaround since emerging from a 2009 bankruptcy with the help of an almost $50 billion government bailout. Transcript provided by NPR, Copyright NPR.