CEOs Swapped at GM and Lululemon While the Dow Fell 265 Points
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lululemon athletica has not looked good this year, following its see-through-pants problem and controversial comments from its founder, so it's trying a new yoga pose with Laurent Potdevin, the current Tom's Shoes CEO (and former Burton CEO), starting in January. Meanwhile, General Motors is crashing through the glass gender barrier by introducing the first-ever woman to lead a major car company -- 33-year GM vet Mary Barra is calling the shots starting next month as well.
Super-sized food distributor Sysco is cooking up $3.5 billion to buy U.S. Foods. Word also leaked that Discovery Communications is trying to buy competitor Scripps Networks, owner of TV icons Food Network and HGTV. Meanwhile, after months of Justice Department delays, the biggest airline merger in history became official as the jumbo combo of American Airlines and United Airways made its debut on the Nasdaq stock exchange under the ticker AAL and the name American Airlines Group . And on Friday, Sprint hinted that it might make a move for T-Mobile in America.
3. Congress had a busy week
D.C.'s been busy like Santa's elves at the North Pole before Congress heads home for its holiday vacay. The House passed a bipartisan budget deal that will prevent a potential government shutdown in January by increasing Uncle Sam's allowance for two years -- and now the Senate just has to stamp its approval next week. In the meantime, five regulatory agencies approved "The Volcker Rule," which prevents banks from gambling with customers' deposits that are federally insured. It's been a festively lucrative habit for Wall Street, but the new policy will clamp down in 2015.
What MarketSnacks is checking out this week:
- Monday: "Empire State" Manufacturing Survey
- Tuesday: Two-day Federal Reserve meeting begins
- Wednesday: Big speech from Fed Chairman Ben Bernanke
- Thursday: Weekly Jobless Claims, Existing Home Sales
- Friday: Another third-quarter GDP reading
The article CEOs Swapped at GM and Lululemon While the Dow Fell 265 Points originally appeared on Fool.com.Fool contributors Jack Kramerand Nick Martell have no position in any stocks mentioned. The Motley Fool recommends Discovery Communications, General Motors, lululemon athletica, Scripps Networks Interactive, and Sysco. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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