Economy & Business

The Two-Way
5:01 pm
Fri October 25, 2013

JPMorgan Chase Settles With Housing Regulator For $5.1 Billion

JP Morgan Chase & Company headquarters in New York.
Emmanuel Dunand AFP/Getty Images

Originally published on Fri October 25, 2013 6:31 pm

JPMorgan Chase announced that it reached a $5.1 billion settlement with the Federal Housing Finance Agency, which is a conservator for the mortgage giants Freddie Mac and Fannie Mae.

The Wall Street Journal explains:

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Economy & Business
4:44 pm
Fri October 25, 2013

Business Journal of Milwaukee Celebrates 30 Years

The Business Journal of Milwaukee celebrates 30 years in print with a special issue.
Credit Business Journal Facebook

Lake Effect's Mitch Teich speaks with Business Journal of Milwaukee's Mark Sabljak and Mark Kass.

It was 30 years ago that the Business Journal of Milwaukee printed its first issue. 

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The Two-Way
4:34 pm
Fri October 25, 2013

United Slapped With $1.1 Million Fine Over Tarmac Delays

A United Airlines Boeing 787 Dreamliner at O'Hare International Airport.
Scott Olson Getty Images

Originally published on Fri October 25, 2013 6:22 pm

The Department of Transportation has slapped United Airlines with a $1.1 million fine for lengthy tarmac delays at Chicago O'Hare International Airport in July of 2012.

In a press release, the DOT said the fine was the largest issued since it instituted a rule that penalizes U.S. carriers for holding a plane with passengers on a tarmac for more than three hours.

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Parallels
3:27 pm
Fri October 25, 2013

Little 'Libraires' That Could: French Law Would Keep Amazon At Bay

France's government has taken legal steps to protect the country's independent booksellers from behemoths like Amazon. It already prohibits discounts of more than 5 percent on books. Now it's considering a law that would not allow online retailers like Amazon to offer both a 5 percent discount and free shipping.
Christine Zenino Flickr

Originally published on Fri October 25, 2013 6:55 pm

Last year, the U.S. government took Apple to court, charging that the company illegally drove up the price of e-books. This summer, Apple lost the case.

In France, just the opposite is happening. The French government has accused Amazon of trying to push the price of physical books too low.

Limiting discounts on books is one of the ways that France is trying to ensure the survival of its independent booksellers.

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The Two-Way
1:33 pm
Fri October 25, 2013

Administration: A Month Needed To Fix Obamacare Enrollment Site

The HealthCare.gov insurance exchange site shown on Oct. 1, when it opened. Since then, it's been plagued with problems.
Karen Bleier AFP/Getty Images

Originally published on Fri October 25, 2013 2:37 pm

A subcontractor that built a portion of the HealthCare.gov website that's now working relatively well is being promoted to oversee a thorough revamping of the entire glitch-prone portal, and work will be done by the end of next month, the White House says.

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