Gap shares fall on disappointing sales at Banana Republic

Gap says the creative director for its Banana Republic brand is stepping down after 18 months in that role. The move comes as the chain, which also operates Old Navy and Gap stores, reported a sharp drop for a key revenue measure in September for the upscale brand. It marked the third straight month of declines that were all in the double digits.  
Volkswagen's top U.S. executive offered deep apologies yet sought to distance himself Thursday from the emissions scandal enveloping the world's largest automaker, asserting top corporate officials had no knowledge of the cheating software installed in 11 million diesel cars.  
Embattled insurer Blue Shield of California won state approval for its $1.2-billion acquisition of a Medicaid health plan, but regulators extracted several concessions from the nonprofit company.
Americans are expected to spend at a slower pace than last year during the crucial winter holidays, weighed down by sluggish wage growth and other factors, according to the nation's largest retail industry trade group.  
Today: San Jose-based Polycom saw its shares rocket higher on Thursday after activist shareholder Elliott Management proposed a merger of Polycom and Canada's Mitel Networks. Also: Facebook goes beyond likes, and Netflix hikes prices.  
A lawsuit filed today in San Francisco against two prominent executives alleges the couple paid a longtime live-in nanny less than the minimum wage and repeatedly sexually harassed her.  
Scott Sonner
Not since the Southern Pacific railroad rolled into this sleepy high desert town in Nevada more than a century ago has there been such excitement -- Tesla Motors and other technology companies are coming, and along with them thousands of jobs.
Cliff Owen/AP photo
Volkswagen's top U.S. executive apologized Thursday as the emissions-rigging scandal engulfing the world's largest automaker deepened and members of Congress said the company had violated the public's trust.
Andrew Harnik/AP photo
Federal Reserve officials were almost ready to raise interest rates in September but held off because of China's economic slowdown and its potential to derail U.S. growth and inflation.
If someone gets your social media credentials, it's possible for them to impersonate you and wreak all sorts of havoc ranging from saying mean things about others to committing crimes in your name.  
(Photo by Paul A. Hebert/Invision/AP)
John Stamos reportedly took date rape drug

The “Grandfathered” and “Full House” actor is accused on being on GHB when arrested in June, he claims he was using the drug to “lean out body mass.”