J.P. Morgan, U.S. Reach Terms of $4 Billion in Consumer Relief
J.P. Morgan Chase & Co. and the Justice Department Monday agreed to a landmark $13 billion settlement that resolves a number of legal headaches for the largest U.S. bank, clearing the way for a public announcement as soon as Tuesday, according to people familiar with the talks.
The final piece holding up the deal, terms of a $4 billion payment to help distressed homeowners, was completed Monday, said people close to the talks READ MORE....
A digest of the most important financial news & current events of the day.
Monday, November 18, 2013
Wednesday, November 13, 2013
Brazil Preparing for World Cup and Olympics, Still Isn’t Ready for Investors
Two years ago it all seemed to be coming together for Brazil. Preparations for the 2014 World Cup were well underway and would be quickly followed by the 2016 Olympics in Rio de Janeiro. The soaring price of commodities were funding an unprecedented infrastructure spend that would make Brazil the the shining star of South America.
Monday, November 11, 2013
Smoggy Beijing sees lung cancer cases soar
The number of lung cancer cases in the Chinese capital Beijing has soared over the last decade.
According to figures published by the state-run Xinhua news agency, they have increased by more than 50%.
Beijing health officials say smoking is still the number one cause of lung cancer, but they admit air pollution is also a factor.
The World Health Organization (WHO) recently estimated that polluted air kills millions of people every year.
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According to figures published by the state-run Xinhua news agency, they have increased by more than 50%.
Beijing health officials say smoking is still the number one cause of lung cancer, but they admit air pollution is also a factor.
The World Health Organization (WHO) recently estimated that polluted air kills millions of people every year.
Read More
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