William Erbey, the billionaire founder, chairman and largest stockholder of one of the nation's largest mortgage-servicing firms, will resign from several of his corporate posts to "address serious conflicts of interest," a New York regulator announced Monday.
On December 16, American Apparel, Inc. announced that it was terminating the employment of its scandal-plagued founder, president and CEO Dov Charney.
The ruble rallied past 55 per dollar on speculation exporters are responding to government pressure to sell foreign exchange and as a tax-payment deadline spurs demand for the local currency.
UPS expects to deliver 34 million packages globally today, or 394 packages every second. The company has invested $500 million to avoid last year's failure to deliver millions of packages in time for Christmas.
The average price of regular gasoline at U.S. pumps slid to the lowest level since May 15, 2009, dropping 24.68 cents in the two weeks ended Dec. 19 to $2.4713 a gallon, according to Lundberg Survey Inc. Prices are 79.05 cents lower than a year ago, ...