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.
Nicholas Dawidoff's Collision Low Crossers: A Year Inside the Turbulent World of NFL Football may be the best book I've ever read about football. It is certainly the most detailed account of the players inside the helmets and the coaches obscured from an enthralled public by large, laminated playsheets.
Former chemist Annie Dookhan began serving a 3-to-5 year sentence in a Massachusetts prison on Friday after pleading guilty to falsifying tests of drug evidence and helping to create one of the nation's largest drug lab scandals.
Massachusetts Attorney General Martha Coakley says the state is taking steps to improve forensic testing:
"It is certainly lessons learned," she says. "We hope that we've made changes in the system that will mean this unique case will not happen again in Massachusetts."
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 state of Louisiana is paying tribute Friday to the Rev. T.J. Jemison, a strong and steady voice against unequal treatment for blacks in the Jim Crow South.
Jemison's body lay in repose at the Louisiana State Capitol in Baton Rouge, where Sen. Mary Landrieu, D-La., said he will be remembered as one of the greats of the civil rights movement.
"He had such a heart and courage for justice," Landrieu said. "There are very few people in our state that will rise to that level of influence, and it is very appropriate that our Capitol was opened up for him today."
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.
Composer Benjamin Britten was born 100 years ago today, and the occasion is being marked by performances of his music around the world, from Carnegie Hall in New York to Memorial Hall in Tokyo.
Britten was a central figure of 20th-century classical music: He was a conductor, pianist and festival producer, as well as a composer. His best-known works include the opera Billy Budd, his War Requiem and The Young Person's Guide to the Orchestra.