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NPR

Credit Card Companies Settle Swipe Fee Suit For $6B

Visa, MasterCard and some of the largest banks in the country have agreed to pay more than $6 billion to settle a lawsuit that claimed they conspired to fix credit card payment fees. The suit was brought on behalf of seven million merchants. The agreement could have wide-ranging implications for retailers and consumers. Steve Henn talks to Melissa Block.
NPR

Apple's Change Of Heart On Green Certification

Apple is rejoining a widely used registry of environmentally friendly electronic devices. The surprise move comes after the company received harsh public criticism for turning its back on its green environmental image.
NPR

Documents Lift Veil On Bank-Rate-Rigging Scandal

The New York Federal Reserve learned in 2007 that some banks might have low-balled the rates they expected to pay for loans from other banks. They may have manipulated the so-called LIBOR rate in an attempt to avoid appearing weak, which would have meant they'd have to pay higher rates, newly released documents show.
NPR

What's It Mean That Romney Was CEO, Anyway?

Documents suggest Mitt Romney was chief executive at Bain Capital for longer than he has said. That's significant — but only to a point.
NPR

What's Killing 'King Coal' In West Virginia?

For decades, coal represented half of the nation's electricity generation, but it dropped to only 34 percent for the month of March. While the decline is partially due to a warmer winter and stricter environmental regulations, the real culprit may be natural gas. Technological breakthroughs in fracking have led to a gas boom that's caused prices to plummet. As a result, power plants are switching from coal to natural gas and mines in Appalachia are shutting down.
NPR

JPMorgan's Growing Loss Shakes Investor Faith

Traders who made calamitous bets on corporate debt have cost JPMorgan Chase nearly $6 billion so far. The bank announced the losses on Friday but said the firm still managed to earn $5 billion in the second quarter. But the impact of the trading loss goes far beyond the bottom line.

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