NPR's business news starts with a giant hip check.
(SOUNDBITE OF MUSIC)
INSKEEP: You know, sort of like you'd have in basketball or hockey. Johnson & Johnson has agreed to pay out $2.5 billion to settle a lawsuit over faulty artificial hips. The medical products maker will reportedly pay 8,000 American patients $250,000 each for new hip replacement surgery. An additional $475 million will cover other health problems caused by the faulty device which is called the articular service replacement or ASR.
The Obama administration is asking for people who've been turned off by the government's problem-plagued insurance website to come back. Officials say the website is working better now, though it's still far from fixed.
Colorado and California both just proposed new regulations for oil and gas production in their states. Both states have been pushed by environmental concerns to establish rules tougher than federal requirements. If Colorado's proposal goes ahead, it would be the first state in the nation to directly regulate methane. California also says its proposed rule would be the toughest in the nation. It regulates the engineering technique called hydraulic fracturing, or fracking.
A portion of the $13 billion JPMorgan Chase mortgage settlement will go to anti-blight measures across the country. One of the groups that might receive some of those funds is the Thriving Communities Institute in Cleveland, Ohio. Melissa Block talks with the non-profit's director, Jim Rokakis, about how the group tries to fight blight by establishing land banks, demolishing vacant properties and finding new ways to use the land.
A long-awaited deal between JP Morgan Chase and the Justice Department was finalized Tuesday. The bank — one of Wall Street's largest — agreed to pay a total of $13 billion to resolve a number of legal issues stemming from mortgage securities sold in the run-up to the financial crisis.
In a settlement deal, JPMorgan Chase has agreed to pay some $13 billion in fines and other payments related to mortgages and mortgage securities that helped cause the financial crisis that began in 2007.
Credit Mark Lennihan / AP
In an agreement settling many U.S. claims over its sale of troubled mortgages, JPMorgan Chase will pay a record $13 billion, in a deal announced by the Justice Department Tuesday. The plan includes a $4 billion payment for consumer relief, along with a payment to investors of more than $6 billion and a large fine.
The latest updates on this story are at the bottom of this post. We've also added a few key points to the main post.
Tesla Motors Chairman and CEO Elon Musk (in driver's seat) and chief designer Franz von Holzhausen (in passenger seat) drive the new Tesla Model S all-electric sedan in Hawthorne, California on March 26, 2009.
Credit Robyn Beck / AFP/Getty Images
The National Highway Traffic Safety Administration says it has opened an investigation into battery fires in two Tesla Motors Model S sedans.
In the Game of Thrones, this is the winner: the fanciful restroom of the Varsity Theater in Minneapolis.
Credit Varsity Theater
It pays to be unique when you're going for the title of best restroom in the land. Design details are crucial, and so is the choice of materials. It also doesn't hurt if you serve drinks in a commodious chamber. Those are the strengths of the Varsity Theater, a concert hall in Minneapolis that has won America's Best Restroom Contest for 2013.
Originally published on Wed November 20, 2013 7:03 am
A Cambodian gambler talks on 18 cellphones at once at a boxing match in Phnom Penh in 2010. There are nearly 132 cellphones for every 100 Cambodians, but the country has also seen a surge in the number of landlines.
Credit Tang Chhin Sothy / AFP/Getty Images
On All Things Considered, NPR's Martin Kaste reported Monday on U.S. landline infrastructure. One fact stood out: 96 percent of homes had landlines in 1998, and that number is down to 71 percent today.
New figures show women have more jobs in the U.S. than ever before - but men are still struggling to pull out of the recession. Host Michel Martin speaks with NPR senior business editor Marilyn Geewax, and Ariane Hegewisch from the Institute for Women's Policy Research.