The battle for control of American Airlines came down to two men who got their start there: CEO Tom Horton, and his old friend and rival, Doug Parker, CEO of US Airways. And after an aggressive courtship, there would be room for only one at the top.
Some industry pundits wrote off the TV shopping format as passe when online shopping started to take off, but a funny thing happened on the way to the era of digital retail: QVC ended up being among the biggest winners in the shift. We talk to CEO Mike George about the future of shopping.
This is a big week for Wendy's. For the first time in its 42-year history, the burger chain is remaking its signature sandwich. It's a bid to compete with "gourmet" burger shops that are growing in popularity. Still, it's going to take more than menu tweaks for Wendy's to turn things around.
Toys R Us took the wrapping paper off its strategy to "win" this Christmas season, unveiling a raft of exclusive merchandise, such as new toy line Moshi Monsters, based on the online children's game, and a beefed up e-commerce operation to better serve shoppers.
Gas stations along the Eastern Seaboard experienced high demand Friday and some sold out of fuel as Hurricane Irene bore down and residents scrambled to evacuate. In Norfolk, Va., one Exxon station was sold out by noon and boarded up its windows as attendants readied themselves for the storm.