Since the typhoon hit the Philippines, doing business in the hardest-hit city of Tacloban has been next to impossible But on Wednesday, five gas stations, two hardware stores and several banks reopened.
Johnson and Johnson is expected to pay out $2.5 billion to settle lawsuits over faulty artificial hips. The medical products maker will reportedly pay 8,000 U.S. patients $250,000 each for new hip replacement surgery.
Employees at a northeast Ohio Wal-Mart are collecting food for needy coworkers' Thanksgiving dinners. The effort has been portrayed as a sign that Wal-Mart unfairly exploits workers. Others see it simply as people helping people.
The Justice Department on Tuesday announced a landmark $13 billion settlement with JPMorgan Chase. That's the largest settlement the federal government has ever made with a single company. It's three times the BP Deepwater Horizon Oil Spill settlement.
The Obama administration is asking for people who've been turned off by the government's problem-plagued insurance website to come back. Officials say the website is working better now, though it's still far from fixed.
Announcements of legal settlements worth hundreds of millions or even billions of dollars, including Tuesday's $13 billion U.S. settlement with JPMorgan Chase, have been common in recent years. Often, though, only a fraction of the amount ends up in consumers' pockets.
Colorado and California both just proposed new regulations for oil and gas production in their states. Both states have been pushed by environmental concerns to establish rules tougher than federal requirements. If Colorado's proposal goes ahead, it would be the first state in the nation to directly regulate methane. California also says its proposed rule would be the toughest in the nation. It regulates the engineering technique called hydraulic fracturing, or fracking.
A long-awaited deal between JP Morgan Chase and the Justice Department was finalized Tuesday. The bank — one of Wall Street's largest — agreed to pay a total of $13 billion to resolve a number of legal issues stemming from mortgage securities sold in the run-up to the financial crisis.
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