By Bernie Woodall. DETROIT Dec 12 (Reuters) - Volkswagen AG's U.S. Chief Executive Officer Jonathan Browning has left the company for personal reasons and is to be replaced by 51-year-old Michael Horn, the company announced from its Wolfsburg, ...
(CNN) - New data shows the foreclosure crisis appears to be coming to an end. Foreclosures tumbled 15 percent in November. That's the biggest drop in three years.
... Print. * Stocks slide as jitters mount over next week's FOMC meeting. * Stronger-than-expected U.S. retail sales data adds pressure.
NEW YORK Dec 12 (Reuters) - U.S. stocks fell on Thursday as retail sales rose solidly in November, adding to signs the economy is strong enough for the Federal Reserve to begin reducing the pace of monetary stimulus.
President Barack Obama has already offered the job to Stanley Fischer, former governor of the Bank of Israel, who accepted it, according to another person familiar with the process.