From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.
MELISSA BLOCK, HOST:
And I'm Melissa Block. The Justice Department is bringing civil charges against one of the nation's largest banks. The government alleges Bank of America made false statements about the quality of $850 million worth of home loans. Those loans were then sold to investors. NPR's Chris Arnold reports.
<em>The Washington Post</em> is now in its seventh straight year of declining revenues, says the paper's chairman, Donald Graham. Rather than continue to watch the paper struggle, Graham and Publisher Katharine Weymouth decided to look for a buyer.
Credit Jonathan Ernst / Reuters /Landov
Brian Tierney, shortly after buying <em>The Philadelphia Inquirer</em> and <em>Philadelphia Daily News </em>in 2006. The papers, struggling with debt, have since changed hands twice.
Donald Graham, chairman of The Washington Post Co., is the son and grandson of its leaders for the past 80 years. And along with his niece, publisher Katharine Weymouth, Graham admitted in a video on The Post's website that the family simply didn't have the answers to questions about the paper's future.
Originally published on Tue August 6, 2013 3:33 pm
The Department of Justice announced Tuesday that it was suing Bank of America for allegedly lying to investors about the riskiness of about $850 million worth of mortgage-backed securities back in 2008.
Originally published on Tue August 6, 2013 3:20 pm
Public health advocates have lobbied hard in recent years to clear restaurants, bars and other workplaces of tobacco smoke, and the winds seem to be at their back.
Already, 36 states and the District of Columbia have enacted some version of an indoor smoking ban to protect the health of workers and patrons, and many local communities in other states have followed suit.
Auburn University officials say crews will begin installing wires that will temporarily replace poisoned oak trees that were cut down and removed from campus.
The Opelika-Auburn News (http://bit.ly/15ICdXR ) reports that Auburn city crews will begin installing the wires at Toomer's Corner on Tuesday. School officials say the wires will be strung along three poles and will form a "V" over the intersection of Magnolia Avenue and College Street.
This is MORNING EDITION, from NPR News. I'm Renee Montagne.
LINDA WERTHEIMER, HOST:
And I'm Linda Wertheimer. This morning, The Washington Post is in its own headlines. The Graham family, which controlled the Post for eight decades, is selling the flagship paper. Here's Washington Post Chairman Donald Graham, in a Post-TV video talking about the sale.
The world of newspapers was rocked Monday by news that Jeff Bezos, the founder and CEO of Amazon.com, is buying The Washington Post for $250 million. Bezos' purchase of the paper will bring to an end its association with the Graham family, which bought the Post in 1933.
The company is hoping the move will increase sales. The 2014 model of the plug-in car will now cost about $35,000 — more than 12 percent less than last year's model. Ford and Nissan have already reduced the prices on their electric cars.
Today's Last Word In Business is criminal glass ceiling. A new study suggests that female white collar crooks face the same barriers as their law-abiding counterparts in the corporate world.
RENEE MONTAGNE, HOST:
A team of researchers from Penn State studied the involvement of women in recent corporate fraud cases. It found women held inferior positions in criminal conspiracies, and profited significantly less from their misdeeds.