The Consumer Protection Financial Bureau is unveiling today the second half of its new mortgage rules. It will outline how the mortgage industry must manage loans that are delinquent or in the process of being foreclosed.
NPR's Yuki Noguchi reports that these rules, among other things, aim to make it easier for borrowers to communicate with the people handling their mortgages.
Some other news. Thirty-two people from New York and New Jersey are charged with using threats of violence to control garbage pickup routes.
Authorities say many have ties to the mob, as NPR's Joel Rose reports.
JOEL ROSE, BYLINE: Organized crime has a long history of infiltrating the trash collection business in New York and New Jersey. It's also the official family business of America's most famous TV gangster, Tony Soprano.
And today's last word in business is: outsourcing.
When an American-based company noticed that somebody had been logging onto their computer system from China, day after day, they worried it was hackers so they called in some telecom risk experts from Verizon.
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And what they discovered was surprising. The activity from China was all being done with the logon of one of the firms' top software developers. Turns out the unnamed employee was outsourcing his job to several Chinese consulting companies.
From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.
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And I'm Robert Siegel.
There are new and bigger troubles today for the Boeing 787, the airplane known as the Dreamliner. Late today, the FAA grounded the U.S. fleet of 787s for safety checks. The grounding and inspection order will likely be implemented around the world. The move comes after two serious battery-related problems occurred on two different Dreamliners in the past 10 days. Here's NPR's Wendy Kaufman.
JPMorgan Chase reports that its profits were up 53 percent in the fourth quarter of 2012 — but CEO Jamie Dimon's pay will be cut in half, after the bank lost billions of dollars on risky bets made in its London office. The incident tarnished the reputation of Dimon, who had successfully steered his bank through the recent financial crisis.
"This past year has been a bruising one for Dimon," as NPR's Steve Henn reports for our Newscast unit:
What began as a company's suspicion that its infrastructure was being hacked turned into a case of a worker outsourcing his own job to a Chinese consulting firm, according to reports that cite an investigation by Verizon's security team. The man was earning a six-figure salary.
Starting a small business hasn't been easy lately. People are now turning to their peers for funding after being denied credit from big banks. But that has its own set of risks and rewards. Host Michel Martin explores the future of small business in 2013.
The lockout is over and the much delayed National Hockey League's season is now set to begin on Saturday. The regular season will run 48 games instead of the usual 82.
So what's the economic effect of missing almost half the season? NPR's Mike Pesca finds, not as bad as you might think.
MIKE PESCA, BYLINE: We've all seen the reports during the lockout, the empty bar near the arena should be brimming with Bruins backers or a Washington Avalanche acolytes. Or maybe it's not a bar. Maybe it's pizza in Pittsburgh.