Kodak cameras and related products will be back in the marketplace this year, but they won't be made my Kodak. The photo pioneer stopped making digital cameras about a year ago. Now it is licensing its name to another camera maker.
Samsung Electronics announced profits of more than $8 billion for the final quarter of 2012. Samsung's Japanese competitor Sony unveiled a water resistant smartphone at the Consumer Electronics Show in Las Vegas.
In Australia, McDonald's is nicknamed Macca. Executives of the burger chain are allowing some McDonald's restaurants there to change their signs to read "Macca's." But the change is only temporary, in honor of Australia Day later this month.
Some other news: Some of the biggest banks in the country have agreed to pay more than $18 billion to settle allegations of wrongdoing in their mortgage lending. That's today's "Business Bottom Line."
Bank of America said yesterday it would pay more than $10 billion to the mortgage company Fannie Mae because of bad loans sold during the housing boom. And in a separate settlement, 10 banks agreed to pay more than $8 billion in total, to settle claims that they made errors in foreclosing on people's homes. NPR's Jim Zarroli reports.
Originally published on Tue January 8, 2013 6:51 am
Federal officials along with investigators from Boeing are trying to determine what caused a fire to break out on a new 787 jet parked at the Boston airport Monday. The fire, in an auxiliary power unit, is just the latest in a string of electrical systems problems on Boeing's flagship airplane.
The Shell oil drilling rig that ran aground off Alaska last week is now anchored in a quiet harbor so divers can assess the damage. Wildlife officials say they have seen no evidence of a spill from the vessel, which was carrying tanks of diesel fuel. But the accident does raise questions about Shell's plans to drill for oil in the remote and fragile ecosystem of the Arctic.
Eric Schmidt, executive chairman of Google, has landed in North Korea. His trip there is a bit of a mystery.
Schmidt, the former CEO of Google, has been a vocal proponent of providing people around the world with Internet access and technology. North Korea doesn't even let its citizens access the open Internet, and its population is overwhelmingly poor — so it's not exactly a coveted audience for advertisers.
What's the coolest new gadget at the Consumer Electronics Show in Las Vegas this week? It's too soon to tell. But I have an early favorite for the title of oddest new gadget: the HAPIfork and HAPIspoon. They may sound like characters from a nursery rhyme, but this fork and spoon connect to the Internet and can monitor and record how you eat.
The HAPI utensils measure how long your meals last, how long you pause between each bite and how many mouthfuls of food you consume.
Bank of America and Fannie Mae have agreed to settle legal issues stemming from the subprime mortgage crisis. The bank will pay Fannie Mae $3.6 billion in cash and will also spend $6.7 billion to repurchase certain mortgages sold to Fannie Mae.
Originally published on Mon January 7, 2013 5:52 pm
By Allison Aubrey
Credit Shuji Kajiyama / AP
It's become an annual tradition: bidding up an outrageous price for a Pacific bluefin tuna during the first auction of the new year at Toyko's Tsukiji fish market.
And on Saturday, a bluefin tuna big enough to serve up about 10,000 pieces of sushi fetched a mind-boggling price: $1.76 million. That's about three times as much as last year's tuna and equates to about $3,600 per pound for the 489-pound fish.