On Monday, the company announced that CEO Christine Day will step down once a replacement is found. This comes after an embarrassing year for the company which makes fashionable yoga-wear. A recent recall of see-through plants could cost the company $40 million.
While some jobs are coming back in this economy, the market for many architects remains tough. There were nearly 220,000 people working in the field in 2008. Today, more than 25 percent of those jobs are gone.
National Envelope, the largest privately-held manufacturer of envelopes in the U.S., has filed for bankruptcy protection. It's a sign of the paperless, digital times. It previously filed for Chapter 11 protection in 2010.
On Monday, Apple announced iRadio — its entry into the crowded field of music streaming services. iTunes has become the top music retailer by selling song files. But no one in the music business thinks the iTunes model is the future. Pandora is the oldest and most successful streaming service so far. But it's been a disappointment to investors.
Iowa's Republican Governor Terry Branstad is pushing to make Iowa the healthiest state. Under the Affordable Care Act, states are deciding whether to expand Medicaid and that's created an opportunity for compromise in Iowa. Iowa Public Radio's Clay Masters reports.
The Senate passed legislation Monday that would do away with direct payments to farmers and instead create an expanded crop insurance program. It's designed to protect farmers from losses, but some say it amounts to a highly subsidized gift to agribusiness.
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