The fine is reportedly said to be at least $700 million for what authorities say were massive derivative bets made without adequate risk controls in place. The case became known as the "London Whale" owing to the size of the trades made.
For online insurance brokers, selling health insurance through the Affordable Care Act presents a new opportunity — and a new competitor. It's unclear who will come out ahead: the businesses, with more experience, or the feds, who won't charge commissions.
Some scientists have argued that so much gas leaks out during production that it is actually worse for the environment than coal. But a new nationwide study shows that methane leaks from natural gas production aren't as bad as some feared.
Atkins Nutritionals says a renewed faith in the low-carb approach to dieting is helping the company grow again. It has launched a low-carb frozen food line and is plowing millions into advertising to win back dieters.
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