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Bank Of America Settles Suit Against Countrywide

Add another costly settlement to Bank of America's multi-billion dollar tally of woes tied to the 2008 acquisition of mortgage giant Countrywide. The Justice Department announced on Wednesday that the North Carolina-based bank will pay $335 million to settle allegations of discriminatory lending.
NPR

Tied To Trade, Dutch Economy Falls With The Tide

Though its economy is usually strong, the Netherlands' emphasis on exports makes it vulnerable to the euro crisis. Most of Dutch trade is with other European countries, and as they head into a recession, the Netherlands will follow, says one economist.
NPR

L.A. Votes To Limit Vendors On Venice Boardwalk

Street vendors peddling sunglasses, incense and handmade jewelry along the famous Venice Boardwalk are preparing for eviction. The Los Angeles City Council has voted to severely limit the amount of commercial selling that takes place at the tourist attraction. But removing the unregulated merchants could mean the loss of its bohemian draw.
NPR

At Carmakers' Request, Dealers Remodel Showrooms

Across the country, car dealers are remodeling and updating their showrooms at the urging of manufacturers, who want all dealerships to look similar. The dealerships are spending hundreds of thousands to millions of dollars on these "voluntary" projects, but many say they'll never recoup all the investment. The manufacturers offer incentives to dealers who take the plunge.
NPR

What Greece Can Learn From South America

With Greece in turmoil, a look at the debt defaults a decade ago in South America could prove instructive. Had Europeans diagnosed problems and acted quickly, they might have come out of this like Uruguay, in 2002. But it looks like Greece may be following Argentina, which defaulted on $100 billion in 2001.
NPR

BofA's Countrywide To Pay $335 Million, Settling Lending Discrimination Case

The Justice Department alleges more than 200,000 minorities were charged higher interest rates based on the color of their skin. The agreement is the largest residential fair lending settlement in history.
NPR

CNN's Piers Morgan Testifies In Phone-Hacking Case

CNN host Piers Morgan testified by video conference Tuesday before the panel investigating British press practices. Morgan has repeatedly denied allowing phone hacking while he was a high-profile tabloid editor in London.
NPR

Booming Buffalo Market Comes With Growing Pains

More consumers are turning to buffalo meat as a healthier choice that's often better for the environment. South Dakota is the biggest producer of buffalo, and ranchers there say their biggest challenge is keeping up with the demand.

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