His Rainbow Loom, which kids use to make rubber band bracelets, is one of the hottest toys of this holiday season. It's been nominated in three categories as the Toy Industry Association's Toy of ...

The Rainbow Loom was invented by Cheong-Choon Ng, a former Nissan crash-test engineer from Novi, Mich. His two daughters enjoyed making rubber band bracelets, but Ng struggled to join in until he ...