The New York Stock Exchange hired former homeland security chief Michael Chertoff to investigate a potential security breach by the Securities and Exchange Commission, according to an NYSE spokesperson.
Hostess Brands and a key union agreed Monday to try to mediate their dispute in coming days -- an unexpected development that could spare the company from permanently shutting down.
Some time next year, you'll be able to buy a Ford Fiesta subcompact car powered by the smallest engine the automaker has ever made. With that engine, the Fiesta will be more fuel efficient than any other non-hybrid car on the market, Ford announced on Monday, getting over 40 miles per gallon on the highway. Exact fuel economy figures for the 1.0-liter, three-cylinder engine, which will be small enough to fit inside a piece of carry-on luggage, are not available yet, however.
JPMorgan Chase named Marianne Lake as its new chief financial officer Monday. She will succeed Douglas Braunstein. Lake had served as the CFO of JPMorgan Chase's consumer and community banking business and will transition into her new role in early 2013. Braunstein, who had been widely expected to step down by year-end, will become the bank's vice chairman.
Moody's Investors Service has downgraded the credit rating of France, stripping a key eurozone economy of its prized AAA status.
FEATURES & COMMENTARY
Barbara Walters announces who will appear in her 90-minute special "Most Fascinating People," which is in its 20th season.
CBS wasn't the only network cleaning house on Friday. As "Partners" was swiftly axed from that network's calendar, ABC has done the same with "666 Park Avenue" and "Last Resort."
"Your flight has been delayed due to a mechanical problem" -- it is something a passenger never really wants to hear especially during Thanksgiving week. More than 24 million passengers are expected to fly in the U.S. during the Thanksgiving holiday which runs from November 16 through the 27. CNN went behind the scenes with maintenance crews at United Airlines at its base in Houston to find out how they work to keep planes flying safe and on time. More than 600 flights will go through Houston this Wednesday alone.
On Friday, Hostess Brands announced it would be closing down, thus marking the end of its product line, which includes Twinkies. The response was swift. Facebook and Twitter were filled with comments bemoaning the loss of this creme-filled sponge cake. Eulogies appeared in publications across the country. But where were you when Hostess needed you? You weren't there for them then. Why? Because millions of us began to realize that junk food was not good for us.