A jury had found the bank liable for fraud related to mortgages sold by its Countrywide Financial unit last October. Bank of America may appeal.
In an age when currency crises in far flung parts of the world can cause layoffs at factories and offices in mid-America, it's important to keep up on news from the business world. The Two-Way monitors what's happening. We make sense of the trends.
The Fed announced modest cuts in its bond-buying program and noted that inflation is becoming an issue. But with room to grow in the labor market, the bank is not ready to raise interest rates.
About 77 million adults in the U.S. have at least one debt in the collection process, according to a study released by the Urban Institute.
Each day this week will bring new decisions and reports that could have a big impact on the nation's economy.
The SEC announced Monday that auditing giant Ernst & Young will pay $4 million to settle charges a subsidiary lobbied Congress inappropriately. The firm neither admitted nor denied the charges.
The casino sent out a warning on Monday to more than 1,000 employees that their jobs will likely end in September. It could be one of four Atlantic City casinos to shut down.
This is the fifth consecutive month that American employers have added more than 200,000 jobs. Last month, the U.S. job market hit a milestone, finally surpassing pre-recession levels.
Just one week after the Google Glass eyewear went on sale in the U.K., fears of movie piracy have led an industry group to call for a ban on the device in theaters.