Federal Reserve Vice Chair Janet Yellen says the Fed may hold interest rates near zero until 2016. (Reuters)
Best Buy Co. Inc.’s (NYSE: BBY) new CEO puts forth a plan to turn the retailer around. (Reuters)
Panasonic will lay off up to 10,000 people. (Reuters)
Peugeot and General Motors Co.’s (NYSE: GM) Opel have stopped talking about a joint venture. (Reuters)
Netflix Inc. (NASDAQ: NFLX) continues to ready itself for a fight with Carl Icahn over the fate of the company. (WSJ)
Bank of New York Mellon Corp. (NYSE: BK) pays $210 million to settle charges that it concealed information about the financial activity of Bernie Madoff. (WSJ)
Chesapeake Energy Corp. (NYSE: CHK) discloses that its optimism about reserves in Ohio have fallen. (WSJ)
Cisco Systems Inc.’s (NASDAQ: CSCO) profits rise, but the company tells investors it continues to face challenges in Europe. (WSJ)
The CFO of Zynga Inc. (NASDAQ: ZNGA) leaves to work for Facebook Inc. (NASDAQ: FB). (WSJ)
Several large American companies plan to cut costs even without a resolution to fiscal cliff issues. (WSJ)
The UAW wants Fiat to pay $342.9 million for the union’s stake 3.3% in Chrysler. (WSJ)
The head editor at The Washington Post Co. (NYSE: WPO) leaves as the paper struggles with revenue. (NYT)
Lloyd Blankfein of Goldman Sachs Group Inc. (NYSE: GS) warns banks not to react too strongly to fiscal cliff concerns, which may be overblown. (FT)
Toyota Motor Corp. (NYSE: TM) will recall 2.77 million cars that have steering problems. (Bloomberg)
Douglas A. McIntyre
Top Gaining Stocks
Top Losing Stocks