In major shake-up, Citi’s Pandit out, Corbat in
Vikram Pandit abruptly steps down as CEO of Citigroup, surprising Wall Street, after steering the bank through the 2008 financial crisis and the choppy years that followed.
Is there good inflation?
![Is there good inflation?](https://webarchive.library.unt.edu/web/20121016232914im_/http://img2.wpdigital.net/rf/image_90x60/2010-2019/WashingtonPost/2012/10/16/National-Economy/Images/Consumer_Prices-0a391.jpg)
Consumer prices rose faster than expected in September, but not all inflation is the same.
What happens when the fastest-growing major economy slows down?
![What happens when the fastest-growing major economy slows down?](https://webarchive.library.unt.edu/web/20121016232914im_/http://img2.wpdigital.net/rf/image_90x60/2010-2019/WashingtonPost/2012/10/09/Interactivity/Images/1504652511349741831.jpg)
Firms concerned about U.S. and euro economies placed their hopes with Chinese consumers.
U.S. stocks advance
![U.S. stocks advance](https://webarchive.library.unt.edu/web/20121016232914im_/http://img.wpdigital.net/rf/image_90x60/2010-2019/WashingtonPost/2012/10/15/Business/Images/2012-10-12T161423Z_01_NYK507_RTRIDSP_3_WORKDAY-DEBUT.jpg)
Stocks rallied amid better-than- forecast earnings and as industrial production rose more than expected.
Corporate earnings shed light
on how the economy is faring
![Corporate earnings shed light <br>on how the economy is faring](https://webarchive.library.unt.edu/web/20121016232914im_/http://img2.wpdigital.net/rf/image_90x60/2010-2019/WashingtonPost/2012/04/13/Production/Daily/A-Section/Images/AP061018015026.jpg)
Performance of Intel, CSX, WW Grainger give hints about which industries are rebounding.
Social Security payments to rise by one of the smallest increases since ’70s
![Social Security payments to rise by one of the smallest increases since ’70s](https://webarchive.library.unt.edu/web/20121016232914im_/http://img2.wpdigital.net/rf/image_90x60/2010-2019/WashingtonPost/2011/07/26/Business/Images/119316670-638.jpg)
The increase, which starts in January, is tied to a measure of inflation released Tuesday.
The middle class isn’t losing more jobs than usual. But it’s losing more money.
![The middle class isn’t losing more jobs than usual. But it’s losing more money.](https://webarchive.library.unt.edu/web/20121016232914im_/http://img3.wpdigital.net/rf/image_90x60/WashingtonPost/Content/Blogs/ezra-klein/Images/mtm11.jpg)
A new paper shows how the unemployed see bigger pay cuts once they get another job.
Euro-zone inflation revised down
![Euro-zone inflation revised down](https://webarchive.library.unt.edu/web/20121016232914im_/http://img2.wpdigital.net/rf/image_90x60/2010-2019/WashingtonPost/2011/12/08/Foreign/Images/2011-12-06T134105Z_01_TGN106_RTRIDSP_3_EUROZONE.jpg)
Inflation in the 17-country euro zone was lower than previously expected in September.
FTC declined to join European criticism of Google tracking
![FTC declined to join European criticism of Google tracking](https://webarchive.library.unt.edu/web/20121016232914im_/http://img3.wpdigital.net/rf/image_90x60/2010-2019/WashingtonPost/2012/08/09/Production/Digital/homepage/Images/512998314.jpg)
French regulator had asked for support of letter identifying privacy concerns.
Electric-car-battery firm calls it quits
![Electric-car-battery firm calls it quits](https://webarchive.library.unt.edu/web/20121016232914im_/http://img3.wpdigital.net/rf/image_90x60/2010-2019/WashingtonPost/2012/10/16/Production/Digital/homepage/Images/A123_Systems_bankruptcy_0cc22--90x60.jpg)
Company that had won a $249 million grant files for bankruptcy, reigniting criticism of stimulus program.
Democrats, GOP discuss $60 billion fallback if fiscal cliff isn’t averted
![Democrats, GOP discuss $60 billion fallback if fiscal cliff isn’t averted](https://webarchive.library.unt.edu/web/20121016232914im_/http://img3.wpdigital.net/rf/image_90x60/2010-2019/WashingtonPost/2012/10/16/Web-Resampled/2012-10-16/wonk1001--90x60.jpg)
Both parties are discussing fallback plans for deficit reduction if no budget deal is reached, aides say.
CFPB worries that complaints
may presage student loan crisis
![CFPB worries that complaints <br>may presage student loan crisis](https://webarchive.library.unt.edu/web/20121016232914im_/http://img3.wpdigital.net/rf/image_90x60/2010-2019/WashingtonPost/2011/09/13/Education/Images/Student_Loans_Defaults_097fe.jpg)
COLUMN | We may face a loan servicing sequel in student loans that could rival the mortgage crisis.
Amazon expects to hire 50,000 seasonal workers this year
![Amazon expects to hire 50,000 seasonal workers this year](https://webarchive.library.unt.edu/web/20121016232914im_/http://img3.wpdigital.net/rf/image_90x60/2010-2019/WashingtonPost/2011/10/12/National-Economy/Advance/Images/Tech-Companies-Amazon/AP1011110127153.jpg)
The company says “thousands” could gain full-time jobs.
![](https://webarchive.library.unt.edu/web/20121016232914im_/http://img3.wpdigital.net/rf/image_90x60/WashingtonPost/Content/Staff-Bio/Images/_tn_1.0.54913092_v9viEo41EeGDF7xV6P3Uog_ezra-klein-145x100--90x60.jpg)
Michael Chasen, founder and CEO of Blackboard, will depart company
![Michael Chasen, founder and CEO of Blackboard, will depart company](https://webarchive.library.unt.edu/web/20121016232914im_/http://img2.wpdigital.net/rf/image_90x60/2010-2019/WashingtonPost/2012/10/15/National-Economy/Images/AP00092702311.jpg)
Jay Bhatt, president of Progress Software, will take his place at the District-based company.
The complete small business guide to the presidential election
![The complete small business guide to the presidential election](https://webarchive.library.unt.edu/web/20121016232914im_/http://img2.wpdigital.net/rf/image_90x60/2010-2019/WashingtonPost/2012/05/04/Outlook/Images/Campaign_Race_And_Religion-0f9b0.jpg)
On the eve of the second debate, we break down where Obama and Romney stand on the most critical small business issues.
Business Blogs & Columns
On Leadership
No, exhaustion is not a status symbol
![No, exhaustion is not a status symbol](https://webarchive.library.unt.edu/web/20121016232914im_/http://img2.wpdigital.net/rf/image_90x60/2010-2019/WashingtonPost/2011/12/08/Production/Sunday/SunBiz/Images/96100790-2131-11e1-87d1-5e5448f415de_UUIDslatetechDec11.jpg)
It takes a lot of people to create a culture of 24-hour working. And as many of us are perpetuating that as are victims of it.
Innovations
‘Give me your tired’ but . . .
![‘Give me your tired’ but . . .](https://webarchive.library.unt.edu/web/20121016232914im_/http://img3.wpdigital.net/rf/image_90x60/2010-2019/WashingtonPost/2011/08/11/National-Politics/Images/Statue_of_Liberty_05d3a.jpg)
COLUMN | When it comes to entrepreneurial talent, America is experiencing a persistent immigrant brain drain.
Editor's Choice
![](https://webarchive.library.unt.edu/web/20121016232914im_/http://img2.wpdigital.net/rf/image_172x114/2010-2019/WashingtonPost/2012/07/19/National-Economy/Images/APTOPIX%20Wide%20Drought%20KY.JPEG-0ead3.jpg)
The drought of 2012
It has been more than a half-century since a drought this extensive hit the United States.
![](https://webarchive.library.unt.edu/web/20121016232914im_/http://img3.wpdigital.net/rf/image_172x114/2010-2019/WashingtonPost/2012/07/10/National-Enterprise/Images/keystone_296_310.jpg)
Keystone: Down the Line
From Alberta to Texas, The Post explores the planned route of the Keystone XL pipeline.
![](https://webarchive.library.unt.edu/web/20121016232914im_/http://www.washingtonpost.com/rw/sites/twpweb/img/blogs/spacer.gif)
Apple’s new headquarters: A first look
Apple plans to revamp its sprawling campus in Cupertino, Calif. Here are the renderings.
![washpostbiz](https://webarchive.library.unt.edu/web/20121016232914im_/http://a0.twimg.com/profile_images/2147836097/WPTwitterIcon-wash-post-biz__1__normal.png)
RT @felixsalmon: Romney's lucky that the sets of "people who can do math" and "undecided voters" have very little overlap: http://t.co/e9H1DYEM
![washpostbiz](https://webarchive.library.unt.edu/web/20121016232914im_/http://a0.twimg.com/profile_images/2147836097/WPTwitterIcon-wash-post-biz__1__normal.png)
RT @PostHealthSci: #A123 just filed for bankruptcy. Electric-car battery maker has received $129 million in stimulus money http://t.co/2Sl9JII4 @bradplumer
![washpostbiz](https://webarchive.library.unt.edu/web/20121016232914im_/http://a0.twimg.com/profile_images/2147836097/WPTwitterIcon-wash-post-biz__1__normal.png)
RT @jialynnyang: What China's slowdown means for U.S. multinationals: http://t.co/KHB9Swbd
![washpostbiz](https://webarchive.library.unt.edu/web/20121016232914im_/http://a0.twimg.com/profile_images/2147836097/WPTwitterIcon-wash-post-biz__1__normal.png)
RT @CommonCenser: McLean-based contracting giant @BoozAllen acquiring defense systems engineering business of Annapolis-based ARINC: http://t.co/wziKwfWZ
Business Video
![Vikram Pandit turned Citigroup around Vikram Pandit turned Citigroup around](https://webarchive.library.unt.edu/web/20121016232914im_/http://img3.wpdigital.net/rf/image_296w/2010-2019/Wires/Videos/2012-10-16/AP/Images/1016dv_pandit_citi_400x300.jpg-05b20.jpg)
Vikram Pandit turned Citigroup around
The resignation of Citigroup CEO Vikram Pandit comes after an extraordinary period in which he helped the bank emerge from government conservatorship.![Huawei as spying threat is ridiculous, company spokesman says Huawei as spying threat is ridiculous, company spokesman says](https://webarchive.library.unt.edu/web/20121016232914im_/http://img2.wpdigital.net/rf/image_90x60/2010-2019/WashingtonPost/2012/10/11/Production/WashingtonPost/Images/China_US_Tech_Tensions-06914.jpg)
Huawei as spying threat is ridiculous, company spokesman says
Huawei as Spying Threat Is Ridiculous, Plummer Says![Alcoa's debt rating risks downgrade, analyst says Alcoa's debt rating risks downgrade, analyst says](https://webarchive.library.unt.edu/web/20121016232914im_/http://img2.wpdigital.net/rf/image_90x60/2010-2019/WashingtonPost/2012/10/10/Production/WashingtonPost/Images/2012-10-08T204437Z_01_TOR412_RTRIDSP_3_ALCOA-SHARES.jpg)
Alcoa's debt rating risks downgrade, analyst says
Alcoa's Debt Rating Risks Downgrade, Beristain Says![Indian rupee may rise to 50 against dollar, Chia Says Indian rupee may rise to 50 against dollar, Chia Says](https://webarchive.library.unt.edu/web/20121016232914im_/http://img.wpdigital.net/rf/image_90x60/2010-2019/WashingtonPost/2012/10/04/National-Politics/Images/150465251.jpg)
Indian rupee may rise to 50 against dollar, Chia Says
RBS head Chia Woon Khien talks about the rupee, Chinese yuan and other Asian currencies.![Apple CEO Tim Cook apologizes about maps Apple CEO Tim Cook apologizes about maps](https://webarchive.library.unt.edu/web/20121016232914im_/http://img.wpdigital.net/rf/image_90x60/2010-2019/Wires/Videos/2012-09-28/AP/Images/0928dv_apple_maps_400x300.jpg-0ae97.jpg)
Apple CEO Tim Cook apologizes about maps
Apple CEO Tim Cook apologized for the company's error-ridden new mobile mapping service. In a letter posted online Friday, Cook said Apple "fell short."![U.S. economy in ‘plow-horse recovery,’ economist says U.S. economy in ‘plow-horse recovery,’ economist says](https://webarchive.library.unt.edu/web/20121016232914im_/http://img.wpdigital.net/rf/image_90x60/2010-2019/WashingtonPost/2012/09/21/CapitalBusiness/Images/1083807-1598.jpg)
U.S. economy in ‘plow-horse recovery,’ economist says
U.S. economy in ‘plow-horse recovery,’ economist says![Euro zone needs path to solidarity, World Bank president says Euro zone needs path to solidarity, World Bank president says](https://webarchive.library.unt.edu/web/20121016232914im_/http://img2.wpdigital.net/rf/image_90x60/2010-2019/WashingtonPost/2012/09/26/Production/WashingtonPost/Images/1099633.jpg)
Euro zone needs path to solidarity, World Bank president says
Euro Zone Needs Path to Solidarity, Kim Says![Donuts Inc. and its domain duel Donuts Inc. and its domain duel](https://webarchive.library.unt.edu/web/20121016232914im_/http://img.wpdigital.net/rf/image_90x60/2010-2019/WashingtonPost/2012/09/25/Business/Videos/Images/TIMBERG%20STILL.jpg)
Donuts Inc. and its domain duel
Washington Post reporter Craig Timberg sits down with Brook Silva-Braga to discuss investment group Donuts Inc.’s bid to purcahse 307 new web domains, including .doctor and .school. The move is raising red flags for watchdogs and industry groups.![iPhone 5 buyers line up in Atlanta iPhone 5 buyers line up in Atlanta](https://webarchive.library.unt.edu/web/20121016232914im_/http://img2.wpdigital.net/rf/image_90x60/2010-2019/WashingtonPost/2012/09/21/Production/WashingtonPost/Images/iPhone_5_Launch_07379.jpg)
iPhone 5 buyers line up in Atlanta
Atlanta iPhone 5 fans were up early waiting to buy Apple's latest device. The new smartphone went on sale in North America, Europe, and Asia Friday morning.![American Airlines expects job losses of 4,400, warns 11,000 American Airlines expects job losses of 4,400, warns 11,000](https://webarchive.library.unt.edu/web/20121016232914im_/http://img2.wpdigital.net/rf/image_90x60/2010-2019/Wires/Videos/2012-09-19/AP/Images/0919dv_american_400x300.jpg-0a876.jpg)
American Airlines expects job losses of 4,400, warns 11,000
American Airlines is sending layoff warning notices to more than 11,000 employees although a spokesman says the company expects job losses to be closer to 4,400.World’s best real estate markets
Home prices may be slipping in the U.S., but they’re booming in some other nations. Here’s a list of the 10 countries that saw the greatest increase in housing prices last year.
The nation’s unemployment picture
Use this graphic to explore how the unemployment rate around the country has changed over the last year.
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