Judge Orders Bank Of America To Pay $1.3 Billion Fine
A jury had found the bank liable for fraud related to mortgages sold by its Countrywide Financial unit last October. Bank of America may appeal.
ECONOMY
More Than Half Of Spaniards In Their 20s Are Unemployed
Even though Spain's economy is out of recession, youth unemployment has hit 57.7 percent. Economists say it could be years before jobs return. By then, many will have missed a decade or more of work.
As Millions Of People Fast For Ramadan, Does The Economy Suffer?
New research examines the effects of Ramadan, the Muslim holy month during which millions of people around the world go without food all day. Does religious practice affect economic growth?
Telecommuting Didn't Work Out For One Transplanted Worker
All summer, we're talking with out-of-work young adults about how they're making ends meet. Chrystina Gastlelum, 32, moved to Maine from New York City and tried to keep doing her job remotely.
With New Virtual Currency Rules, N.Y. Regulators Tread A Fine Line
New York banking regulators are expected to release new rules this week governing Bitcoin and other virtual currencies. Industry experts both welcome the regulations and worry they could go too far.
If You Want Flextime But Are Afraid To Ask, Consider Moving
In Vermont and San Francisco, the right of employees to ask for flexible work schedules is now enshrined in law. That doesn't mean, however, that employers are compelled to grant them.
How A Factory Man Fought To Save His Furniture Company
Virginia furniture owner John Bassett III was determined to beat out foreign competitors. Author Beth Macy documents him, and the collapse of the U.S. furniture industry, in her new book, Factory Man.
China's Booming Real Estate Market Finally Begins To Slide
After years of stunning growth, China's go-go real estate market is in retreat. It has been one of the engines driving the world's second-largest economy, so economists are watching it closely.
Picketing Truckers Raise Tensions At LA Port Amid Dockworker Talks
Some drivers are on strike at the ports of LA and Long Beach, and shipping companies are in negotiations with dockworkers over a new contract. Analysts say a full-blown strike would hurt the economy.
Detroit Shuts Off Water As It Tries To Collect Millions Owed
This year, 17,000 customers have had their water shut off because of late payments. Residents are upset with how the city is going about it, and question whether some are getting special treatment.