President Obama campaigned outside Cleveland, Ohio, Wednesday, where he announced the appointment of a new consumer watchdog. The president used a recess appointment to install Richard Cordray. That might have been routine, but the Senate is not officially in recess.

President Obama used a recess appointment to name Richard Cordray head of the Consumer Financial Protection Bureau on Wednesday. Unlike similar appointments, the Senate hadn't technically recessed.

The ADP National Employment Report signals that the jobless rate likely fell further last month. Meanwhile, the number of claims for unemployment insurance dipped again last week and employers have fewer layoffs planned in coming weeks.

The Boeing Corp. says it will shut down the company's Wichita facility, which specializes in maintaining and modifying its commercial planes for military or government use. The plant, which has 2,160 employees, is slated to close by the end of 2013.

The cost of budget-friendly foods like ground beef, potatoes, and eggs soared 10 percent over the past year, pinching household budgets even harder. Blame bad weather, export competition, and the fact that more people are cooking at home to save money. This year may be a bit better, but not much.

Dannon will air its spots alongside ever-present ads for Bud Light beer, as well as Doritos and Pepsi Cola. Companies are paying a record $3.5 million for 30 second spots this year. All the ad time is sold out.

Yahoo has been looking for a new CEO since the board fired Carol Bartz last September. The Wall Street Journal reports the company could tap eBay executive Scott Thompson.

Charitable giving has been down since the recession hit. But there are signs that things are starting to look up — if only a little. Meanwhile, non-profits are fine-tuning their fundraising appeals.