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Top business stories of 2012

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Year in business: From the housing market to the 'fiscal cliff,' economy dominates headlines
Duration 2:27
Date Dec 17, 2012

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From the fight for the White House to the battle for jobs three things mattered the economy the economy and the economy.

When he twelve -- the recovery threaten to fall again into recession and the year in business saw many others fall from grace as well.

Five big US banks accused of abusive mortgage practices agreeing to a 25 billion dollar government settlement.

It may have helped some -- our -- but didn't help rebuild the still struggling housing market.

Even though recent -- show its foundation may be getting stronger and unemployment fell below 8% to seven point 7% in November.

-- millions remain unemployed or dropped out of the labor market.

And -- recovery struggled all year and protests over there in Greece Italy and Spain.

About budget cuts and labor -- hit the market over here the eurozone economy sinking back into recession and made stocks -- to.

Plenty of changes in the corner offices the shake up at park -- spot exact resigning over whether the -- submit artificially low.

Libor rates during the financial prices.

And Citigroup CEO Vikram Pandit unexpectedly resigning from his position.

Also calling it quits Yahoo! CEO Scott Thompson after -- academic credentials were found in his bio.

-- -- chick filet grill after company bigwigs spoke out against same sex marriage.

And demonstrations at Wal-Mart -- Black Friday but they didn't keep the shoppers away.

-- more twinkies -- now hostess brands filed for bankruptcy over a union fine.

-- pretty picture at Kodak either and also filed for Chapter Eleven after failing to adapt the world of digital photography.

The worst US drought in five decades scorching much of central US and raising prices on everything from porn to me.

In tech news this tablet wars continues Apple's iPad mini and Microsoft surface tablets battling it out for your holiday shopping dollars.

FaceBook and looked like it would get eight light on Wall Street with the initial public offering.

But worries about revenues scared investors and it wasn't a phenomenon.

Everyone expected him.

But.

Fiscal -- a real cliffhanger as Washington tried to make a deal with half a trillion in tax increases and spending cuts looming.

That's a look at the year -- kids in -- -- I'm Brenda Buttner.