The fallout from GP Morgan's failed hedging startegy is nearly three times worth than initially estimated, the bank is now reporting a 5.8 billion dollar trading loss. The conference called investors, CEO James Dimon says the blood cuts deep. Trading...
Wells Fargo, the country's fourth largest bank has agreed to pay 175 million dollars to settle charges that violated fair lending laws during the housing boom. Deputy Attorney General James Cole says the bank's practices affected minorities in 36 sta...
From NPR news in Washington, I'm Lakshmi,Singh. The Republicans led house had just voted to repeal the affordable healthcare act.President Obama signature domestic legistation. But the vote is widely considered Symbolic and NPR's C reports GOP wants...
The fight over taxes is again playing out on the campaign trail.President Obama went to the swing state of Iowa where he argued that Bush-era tax cut should be extended another year for low and middle income earners but not for the wealthiest in Amer...
Republicans are firing back president Obama after he accused the GOP of holding middle link of Americans quoted hostage.He said the Bush air tax cut should be extended for everyone including wealthier Americans.They say failure to do so will sharply...
Foreign donors have promised 16 billion dollars in aid to Afghanistan over the next four years. It's intended to help that country stabilize after foreign troops leave in 2014. As NPR's Jim Hawk reports. Secretary of State Hillary Radom Clinton is jo...
This is NPR News in Washington I'm Korva Coleman. A heat wave has been pressing the states from Iowa to New Jersy. Tempretures are soaring to the triple digit. Or some people in mid-Atlantic states are still waiting for air conditioning. This far, th...
The June job's report shows unemployment holding steady at 8.2%. Republican presidential candidate Mitt Romney seizing on that state, saying that rate remains unacceptably high. As . public radio Josh . Reports Romney was quick to blame president Oba...
Hundreds of thousands of people are now going on a week without electricity in parts of the mid west and mid Atlantic,which is baking under 19 plus degree temperatures.Relieved workers in west Virginia,the hotest heat state in the region,are struggli...
Frustration is growing from Virginia to Indiana, where more than a million homes and businesses have been enduring a heat wave without electricity since last Fridays thunderstorms. Utility companies say theyre working as fast as they can to get power...
More people are returning to their homes in Colorado, Springs; however, some are finding that their homes have been reduced to ashes. The Waldo Canyon fire destroyed hundreds of homes. The blaze is said to be about 70% contained. Two members of the p...
GlaxoSmithKline is settling a historic health care fraud case for three billion dollars. The drugmaker has agreed to plead guilty to misdemeanor criminal charges that it promoted its drugs for unauthorized uses and failed to disclose to pertinent inf...
Millions of people in eastern states are still without electricity in a heat wave after major storms swept the region Friday night. Utilities warn it may be days before power is restored to everyone. But NPRs Alison Keyes reports some people are stic...
An international conference meeting in Geneva today approved a plan designed to end the violence in Syria. It calls for all parties to work together to form a transitional government. It does not say whether President Bashar Assad would have any role...
