Business « CBS DC

Ex-JPMorgan Exec: Oversight Was Undermined

A former top executive for JPMorgan Chase is blaming last year’s $6.2 billion trading loss on other executives at the firm, saying they failed to control risk out of the London office and hampered her abilities to prevent the losses.

2013/03/15

USDA Will Not Issue Some Reports Due To Federal Budget Cuts

The U.S. Department of Agriculture’s statistical arm said it won’t issue some agricultural reports this year because of automatic federal budget cuts, alarming some in the dairy industry who fear the information void could wreak havoc with milk prices.

2013/03/13

File photo of First Lady Michelle Obama. (credit: Getty Images)

Michelle Obama Urges CEOs To Hire More Veterans

Michelle Obama challenged America’s top CEOs on Wednesday to “think outside the box” and hire more veterans.

2013/03/13

A Predator drone operated by U.S. Office of Air and Marine (OAM), takes off for a surveillance flight near the Mexican border on March 7, 2013 from Fort Huachuca in Sierra Vista, Ariz. (credit: John Moore/Getty Images)

Study: US Drone Industry To Create More Than 100,000 Jobs

A new trade group study finds that the drone industry is expected to create more than 100,000 new jobs.

2013/03/12

Sign for a McDonald's restaurant (Photo by Joe Raedle/Getty Images)

Fish McBites Fail To Spark McDonald’s Sales

McDonald’s new Fish McBites failed to hook enough diners to get the fast-food chain’s U.S. sales growing in February.

2013/03/08

Ex-CEO Greenberg: Don’t Blame Me For AIG Failure

Four and a half years after insurance giant AIG collapsed, leading to the biggest bailout of the financial crisis, former CEO Hank Greenberg has one message: Don’t blame me.

2013/02/28

US sandwich maker Subway co-founder and chairman for the world, the self-made billionaire Fred DeLuca, poses with a sandwich (Photo credit: ERIC PIERMONT/AFP/Getty Images)

Subway ‘Crisis’: Is Footlong Sub Really 11 Inches?

What’s in an inch? Apparently, enough missing meat, cheese and tomatoes to cause an uproar.

2013/01/17

Gun control supporters take part in a candlelight vigil at Lafayette Square across from the White House on December 15, 2012 in Washington. Twenty-seven people, including the shooter, were killed on December 14 at Sandy Hook Elementary School in Newtown, Connecticut. (credit: MANDEL NGAN/AFP/Getty Images)

Children Urge President Obama to Change Gun Control Laws

Three days after six teachers and 20 students were killed by a rampaging gunman at their elementary school in Newtown, Conn., an 8-year-old from Maryland pulled out a sheet of paper and wrote to President Barack Obama asking for ‘some changes in the laws with guns.’

2013/01/16

File photo of a Wal-Mart store. (credit: Tim Boyle/Getty Images)

Lawmakers Release Documents On Wal-Mart Bribery

Wal-Mart Stores Inc.’s CEO Mike Duke found out in 2005 that the retailer’s Mexico unit was handing out bribes to local officials, according to emails obtained by lawmakers.

2013/01/10

Wendy’s Secretly Testing a ‘Pretzel Burger’

In its latest push to establish itself as a purveyor of premium burgers, Wendy’s is apparently testing a pretzel bun — although they won’t confirm it. The burger was spotted in Miami and others have posted pictures on the social media site Twitter.

2013/01/09