Scott Thompson, 54, has a tough job waiting for him at Yahoo. The company has been struggling to find its way as Google, Apple and Facebook surge ahead. Yahoo fired Carol Bartz as its CEO in September after losing patience with her attempts to turn around the company.

Residents of Wichita, Kansas, are outraged after Boeing announced Wednesday that it will close a massive defense plant there. More than 2,000 highly skilled jobs will be gone by the end of next year. The announcement sparked considerable frustration among elected officials who had been lead to believe that more Boeing jobs were on the way to Wichita.

The industry that Martha Stewart built up around herself is going through some tough times. In addition to her show being canceled, the New York Post reports that Home Depot plans to end its current deal to sell Martha Stewart branded paint. The decision was made due to poor sales.

The legendary American photo company is reportedly preparing for bankruptcy. The Wall Street Journal says that Kodak could avoid bankruptcy by selling off a trove of patents. But Kodak wants to file Chapter 11. That would allow it to continue operating, but would release it from debts, including its obligations to retirees.

There is a natural gas drilling boom going on in Youngstown, Ohio. But a series of earthquakes there has renewed focus on activities like drilling and mining that are known to cause earthquakes. Now people in the area are weighing safety over economic growth.

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.