Dec 11, 2013 — After a tough year in which some of its pants allowed too much to be seen, the yoga clothier has found a new CEO. Also, founder and Chairman Chip Wilson plans to step aside. He caused controversy with comments about why some women's bodies may not fit into his company's pants.
Dec 10, 2013 — The Volcker rule, a key part of the 2010 Dodd-Frank financial law, prevents banks from using government-insured money to make speculative bets.
Dec 10, 2013 — Mary Barra will become the new leader of General Motors in January, the company announced Tuesday. The company veteran's tenure as CEO will begin after current leader Dan Akerson retires on Jan. 15.
Dec 10, 2013 — The lack of law enforcement in many regions has spurred looting that killed at least five people and injured hundreds. Some shop owners are taking up arms to defend themselves; others are closing down.
Dec 9, 2013 — Treasury Secretary Jack Lew announced the government lost $10.7 billion on the deal but saved an estimated 1.5 million jobs in the industry.
Dec 6, 2013 — The unemployment rate fell to 7 percent and employers added 203,000 jobs to payrolls in November, according to the latest report from the Bureau of Labor Statistics. The largely positive data could build anticipation that the Federal Reserve might move to taper its stimulus program.
Dec 5, 2013 — The exchange rate of Bitcoin, the digital currency whose value has sharply risen this year, took a hit following a government ban. Chinese citizens are not forbidden from using the currency.
Dec 5, 2013 — U.S. real gross domestic product rose from a 2.5 percent gain in the second quarter. And the number of people filing first-time claims for unemployment insurance fell to 298,000 last week.
Dec 4, 2013 — The latest ADP National Employment Report says private employers added 215,000 jobs last month, making it the strongest month for job growth since a year ago. And in October, America's trade gap narrowed on the strength of record exports to China, Canada and Mexico.
Dec 2, 2013 — CEO Jeff Bezos told 60 Minutes that the giant online retailer is looking at reducing its delivery times to 30 minutes or less in a few years. But the drones would have to overcome safety concerns and public perception.