The number of people seeking U.S. unemployment benefits fell sharply last week to a seasonally adjusted 410,000, though the figure was elevated for the second straight week by Superstorm Sandy.

Sachs' Lloyd Blankfein tells CBS that Americans should work longer and accept cuts in entitlement programs in order to save Social Security.

The maker of Twinkies said late Tuesday that it failed to reach an agreement with its second-biggest union on pension issues. It now heads to bankruptcy court.

Charles Schwab has launched Compliance Solutions to help financial services firms and industry providers meet increasingly complex employee compliance and regulatory requirements.