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Top 4 Business Stories of the Day

At this moment, General Motors’s new CEO, Mary Barra, is building one helluva legacy as she faces a full-blown crisis. GM has sold cars with faulty ignitions for more than 10 years. Apparently, some of the higher-ups at GM knew this and did nothing for years. People have died in GM cars with faulty ignitions. And Barra inherited this colossal, lethal mess when she became the first female CEO of one of Detroit’s Big Three. Instead of stonewalling the issue, Barra is meeting it head on with large doses of honesty. Higher interest rates are coming. And they are coming sooner than you think. That's the message investors took away from the Federal Reserve on Wednesday. In response, they sent stocks and gold prices lower and bond yields sharply higher. The Dow Jones industrial average lost 0.7 percent. The Dow fell as much as 209 points before erasing some of its loss. The Standard & Poor's 500 index dropped 0.6 percent and the Nasdaq composite also lost 0.6 percent. The Fed voted to cut it

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