This week, JPMorgan Chase agreed to a $13 billion settlement with the Justice Department over the sale of faulty mortgage securities that led to the financial crisis. It's the largest settlement with a single company in U.S. history.
From that settlement, $4 billion must go to help the millions of families who saw the values of their homes plummet and who still struggle to keep up with mortgage payments.
Public transit vehicles may be the key to China's success in the U.S. auto market. Chinese company BYD, based in Shenzhen, is manufacturing electric buses. It's an appealing option for a place like California, where emission standards are strict.
At BYD's North American headquarters in Los Angeles, one of the 40-foot electric K9 buses sits on display. BYD Fleet Sales Manager James Holtz sits in the driver's seat and pushes the power button on the dashboard.
The anti-poverty group Oxfam is asking Pepsi's shareholders to approve a resolution that, if passed, would force the company to disclose its sugar suppliers and investigate whether those suppliers are implicated in "land grabs" that unfairly take land from the poor.
Of the $13 billion settlement between JPMorgan and the Justice Department, $1.5 billion will go to underwater homeowners to help them avoid foreclosures. Host Scott Simon speaks with NPR economics correspondent Chris Arnold about how the settlement will be spent.
While there is widespread frustration over the rollout of the health insurance exchanges, some people see opportunities. Venture capitalists are thinking a lot about what the health care industry may look like in the future while they invest today. Annie Lamont has been a health care venture capitalist for over 30 years. She's a managing partner at Oak Investment Partners. And we asked her what opportunities she sees coming up in her field.
State and federal regulators have hailed Tuesday's $13 billion settlement with JPMorgan Chase & Co. over faulty mortgage assets it sold in the years leading up to the financial crisis as a big victory for the judicial system.
But like other big settlements to emerge from the financial crisis, the deal leaves unclear just what the bank did wrong.
Drifting is one of those crazy things you should only do in a video game, but I got to experience it in real life at Willow Springs racetrack in the California desert with race car driver and expert drifter Dai Yoshihara.
Drifting, Yoshihara explains, is "a controlled slide through a series of corners at very high speed."
Some cars are meant to be beautiful; some cars are meant to serve a purpose. The makers of the Youabian Puma say their car was created with one goal: "to stand out and be unique." And that's what they've done, as dozens of howling headlines attest.