Nissan chairman, board member arrested
CNN

Japanese authorities have arrested Nissan Chairman Carlos Ghosn and board member Greg Kelly on allegations of financial misconduct, including underreporting of compensation and personal use of company assets. The arrests follow a lengthy investigation prompted by a whistleblower report.

College sexual-misconduct rule draws criticism

A proposed rule released last week by the US Education Department concerning how colleges and universities deal with complaints of campus sexual misconduct and assault is being criticized by advocacy groups and lawmakers. Former Vice President Joe Biden, in a tweet, said the proposed rule, which includes a stricter definition of sexual harassment and allow an accuser to be questioned, will "discourage" reports and investigations.

Sen. Grassley to chair Senate Finance Committee

The next chairman of the Senate Finance Committee is Sen. Charles Grassley, R-Iowa, said Chairman Orrin Hatch, R-Utah, who is retiring at the end of this session. An official announcement will be made at the beginning of the 116th Congress, and confirmation by the Senate Republican Conference is required.

Restaurants expect strong Thanksgiving sales

About 9% of US consumers will eat a Thanksgiving meal at a restaurant this year, and 4% of those planning to dine at home will cater the meal from a restaurant, according to the National Restaurant Association. US catering sales are on track to hit $67.8 billion this year, up more than 25% from last year, and nearly $16 billion will be from private parties at restaurants, according to Catersource.

Verma: "Relentless innovation" is key to creating value

"Relentless innovation" is critical to creating value, CMS Administrator Seema Verma told the Alliance for Connected Care Telehealth Policy Forum for Health Systems. Verma said telehealth is changing the face of health care, Medicare laws and rules can be barriers to innovation, and the lack of interoperability is one of the most significant obstacles to innovation.

Bank of America reveals new logo, celeb partnerships

Bank of America has launched a new campaign with the holiday theme "The Power to Make a Difference," which also includes an updated logo. Featuring the brand's CEO Brian Moynihan, the campaign focuses on the brand's partnerships with several celebrities -- including Matt Damon, Ken Burns, and Tory Burch -- and highlights charitable efforts in clean water, women's entrepreneurship and documentary creation.

J. Crew to restructure top management as CEO departs
Reuters

J. Crew Group CEO James Brett has stepped down after a little more than a year, effective immediately, the retailer said. President and Chief Operating Officer Michael Nicholson and three other executives will lead the brand under an office of the CEO, as J. Crew works to revamp its permanent management structure.

Amazon job ads suggest future in robotics

The next big thing for Amazon may be home robotics. The company is placing job ads for mechanical engineers and robotics and software developers for work on a "completely new best in class consumer product," hinting at plans for new robots for the home.

Multistate salmonella outbreak expands to 246 cases in 25 states

The CDC reports that a salmonella outbreak linked to beef products recalled by JBS Tolleson has expanded to 25 states, with 246 cases reported. States newly associated with the recall include Connecticut, Missouri and Massachusetts.

White House orders reports on national 5G strategy

The White House has issued a memorandum calling for reports and recommendations related to wireless technology, setting in motion a process intended to produce a national 5G connectivity strategy. At the same time, it made a blog post headlined "America Will Win the Global Race to 5G."

$1.1B MLB stadium expected to be ready for 2020

The seating bowl and supporting structures of the Texas Rangers' $1.1 billion Globe Life Field are beginning to take shape, and the baseball stadium is expected to be ready for the 2020 season. An adjacent Loews hotel under construction should be finished next year.

Energy policy seen potentially shifting as Democrats seize House control

Trump administration efforts to roll back regulations related to oil and natural gas drilling likely will face increased scrutiny after Democrats take control of the House. "We don't see them rolling President Trump, but the pace of deregulation at EPA will probably slow down because officials will be much busier dealing with subpoenas," said Robert McNally, president of consulting firm Rapidan Energy Group.

Basic economy might be bad for fliers, but it's smart strategy

The airline industry is an example of how offering clear pricing tiers, starting with a cheap option that offers little or no perks, sets customer expectations and helps them decide whether to spend more, write Thomas A. Stewart and Patricia O'Connell. "By creating a class of service many passengers shun, basic economy appears to have made ordinary service seem less bad," they write.

Alaska Airlines to offer new selection of beers, snacks

Alaska Airlines is rolling out a new selection of craft beers and snacks. The updated menu includes sweet and savory snacks as well as four West Coast beers.