Federal prosecutors in Manhattan are suing Bank of America for more than $1 billion for mortgage fraud against government-backed mortgage companies Fannie Mae and Freddie Mac around the time of the financial collapse. The lawsuit alleges that Countrywide Financial, which was later acquired by Bank of America, sold large volumes of mortgages that weren't quality-controlled.
There are more ways than ever to watch TV programs on the Internet, from Netflix and Amazon to Hulu. But many viewers discover that watching TV on the Web can be frustrating. Their favorite show might suddenly stop, stutter and be replaced by a note that reads "buffering." The problem is lack of bandwidth: The data that is the video just can't squeeze through the wires and onto the screen.
Gone from this year's presidential campaign are most mentions of climate change, environmental pollution, or green jobs. Former Gov. Mitt Romney, the GOP presidential nominee, prefers to call attention instead to the country's continuing dependence on foreign energy sources.
"I will set a national goal of North American energy independence by the year 2020," Romney declared in August.
The line is now a standard part of Romney's stump speech, and he repeated it in his first two debates with President Obama.
An oil boom is under way in the United States. Since 2008 domestic oil production has increased dramatically, reversing what was a nearly three-decade decline. That has some predicting the U.S. could overtake Saudi Arabia as the world's largest petroleum producer in coming years.
Rajat Gupta, a man who operated at the top levels of American business, was sentenced to two years in prison on Wednesday. He was convicted of insider trading in a case that grew out of the prosecution of hedge fund manager Raj Rajaratnam, who is now in prison.