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Private Equity Group Withdraws Stake In Gun Company After Newtown Shootings

Executives at Cerberus Capital Management, a private equity group, say the Sandy Hook shootings are a "watershed event" and has decided to withdraw its investments in a group of firearms makers, including Bushmaster, Remington and others.
NPR

Coal May Pass Oil As World's No. 1 Energy Source By 2017, Study Says

Coal is poised to replace oil as the world's top energy source — possibly in the next five years, according to the International Energy Agency. The rise will be driven largely by growth in China and India, the IEA says, while the only large decline is seen coming in the United States.
NPR

Investment Firm Selling Stakes In Gun Makers

Private equity firm, Cerberus, is getting rid of Freedom Group, a company it invested in six years ago. Freedom Group is comprised of several weapons manufacturers, including Bushmaster; a Bushmaster rifle was used in last week's school shooting in Newtown, Conn.
NPR

How Adoption Tax Credit Benefits Families

As the "fiscal cliff" nears, Morning Edition evaluates some of the deductions and credits that are in the tax code. As part of our 12 Days of Tax Deductions, David Greene examines the Adoption Tax Credit, which supports families who adopt children from foster care, as well as infant and international adoptions.
NPR

'Fiscal Cliff' Talks Appear To Be Heating Up

President Obama and House Speaker John Boehner met in person again Monday to discuss a budget deal that would undo the massive tax hikes and spending cuts set to take effect Jan. 1. The Republican leader has offered to increase tax rates on people who make over $1 million. The president has responded with a counteroffer.
NPR

Hasbro Reveals Gender-Neutral Easy Bake Oven

McKenna Pope, 13, of New Jersey wanted to get an Easy Bake Oven for her little brother, but didn't want him thinking the purple and pink toy was just for girls. Forty-thousand signatures later, Hasbro has now shown McKenna a prototype of a new silver, blue and black oven. The company says the gender-neutral toy will be on shelves next summer.

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