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Bank Of America To Pay Fannie Mae $3.6B, Buy Back $6.75B In Mortgages

The agreement resolves claims against the bank about mortgage-backed securities it sold before the housing bust. Many weren't worth what was promised. Also today, BofA and other banks are expectd to settle claims related to alleged foreclosure abuses.
NPR

Tax Breaks Extended For Special Interest

Hedge fund and private equity managers came out of the "fiscal cliff" agreement with a better tax setup than many affluent taxpayers. It largely keeps in place a practice that allows them to have their earnings taxed at a capital gains rate rather than at a higher rate for ordinary income.
NPR

Schmidt, Richardson Visit North Korea

Google chairman Eric Schmidt is visiting the Hermit Kingdom, where few people have ever been allowed to access Google, let alone the billions of web pages it can search for information. Schmidt is part of a delegation led by former New Mexico Governor Bill Richardson.
NPR

2013 CES: Lenovo Unveils Table-Top Tablet

At the Consumer Electronics Show in Las Vegas, Lenovo showed off its IdeaCenter Horizon PC. It's a 27 inch touch-screen computer that is so big it can double as a game board.
NPR

Starbucks Joins Designer Trend With Rodarte Collaboration

The coffee giant recently partnered with the Rodarte fashion house to offer a holiday collection. It's the latest example of high-end designers teaming up with mass-market retailers to make money while showing their work to a broader audience.

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