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Big banks announced around 60,000 job cuts in 2011. With businesses and consumers still focused on reducing debt, there isn't the same need for financial services as there was before, says one banking analyst. The outlook in the years ahead is for a smaller, more stable and less profitable industry.

In fraud charges filed Friday, the agency accused six former top executives of Fannie Mae and Freddie Mac of lying about the number of subprime loans on their books. The SEC said the executives knew what was happening and even encouraged the deception.

In 2011, Chrysler recovered from bankruptcy by redefining itself as a better, more luxurious car company and paying off nearly $8 billion in bailout loans. To top it all off, Chrysler sales are up 25 percent this year, about twice the industry average.

Much has been made of the unusual volatility of the GOP race this year, with candidates taking turns in the front-runner spot in Iowa. But with more outside money and a reliance on social media, the run-up to this election season's Iowa caucuses has been different in other ways as well.

Long a staple of Western wear, the bolo tie is getting the museum treatment in Phoenix. The Heard Museum celebrates the tie's history and artistry in a new exhibit where simple designs are displayed alongside more traditional works of art in the high-ceilinged gallery.

A new report by the Environmental Working Group finds that the vast majority of popular cereals marketed to kids exceed guidelines that call for no more than 26 percent added sugar by weight.

In 1411, the count of Namur banned the use of stilts in the Belgian city. Over the past 600 years, the elevated footwear has been used for everything from putting up drywall to fishing and even jousting.

Kinsey Wilson, an NPR senior vice president and general manager of NPR Digital Media, is becoming executive vice president and chief content officer. Margaret Low Smith, who has been acting senior vice president for news, is continuing in that role.

The Supreme Court will take up the issue of racial preferences in college admissions next fall, and some fear the decision will leave universities with fewer options for increasing diversity on campus. Others say affirmative action is a crutch that is long past due for replacement.

There was a political scramble in Maine after Tuesday's surprise retirement announcement from Olympia Snowe, one of the state's two Republican senators.