We'll begin NPR's business news with a $3.6 billion payback.
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GREENE: Starting this week, the nation's largest banks begin sending out checks to borrowers forced into home foreclosure during the robo-signing scandal. Over four million people will receive payments - ranging from $300 to $125,000 - as part of settlements made with the federal government.
The federal government each year gives needy college students billions of dollars they don't have to pay back — $34.5 billion to be exact. More than 9 million students rely on the Pell Grant program. But a new study says much of the money is going to people who never graduate.
Sandy Baum, an expert on student financial aid, has been leading a group in a study of the 48-year-old Pell Grant program. Their report, commissioned by the nonprofit College Board, confirms what many have known for years about grant recipients.
The Focus is the best-selling "nameplate" worldwide, followed by the Toyota Corolla, new data shows. Ford's sales have jumped in recent years as it dropped unsuccessful models and adopted a single global manufacturing system.
Businesses looking to relocate are making the health of a state's population part of their decision-making process. One Fortune 500 CEO explains it can save millions in reduced health insurance claims and absenteeism. Colorado's economic development officials are already trying to improve the health and fitness of the next generation of workers in order to stay competitive.
One of the oldest billboards in American advertising is getting an update. The Goodyear blimp has been used for company promotions since 1925. A new model is being assembled in Akron, Ohio, by a crew from Goodyear and the German company Zeppelin.
That's the goal of an investment firm in Helsinki. That's the term for a video game controlled by brainwaves. The Wall Street Journal reports the agency is bringing together neuroscientists and game developers.
A jury in New Hampshire has ruled that Exxon-Mobile must pay the state $236 million. The money would help clean groundwater that was contaminated with a gasoline additive known as MTBE. But as New Hampshire Public Radio's Sam Evans-Brown reports, the story doesn't end there.
SAM EVANS-BROWN, BYLINE: In a little state like New Hampshire, $236 million is nothing to sneeze at.
Steven Nolder joined the federal public defender's office when it opened in Columbus, Ohio, nearly 18 years ago. Nolder handled his share of noteworthy cases, including the first federal death penalty trial in the district and the indictment of a former NFL quarterback embroiled in a ticket fraud scheme.
Lately, Nolder says, his professional world has turned upside down.
Like almost everything in the Texas, the construction industry in the Lone Star State is big. One in every 13 workers here is employed in the state's $54 billion-per-year construction industry.
Homebuilding and commercial construction may be an economic driver for the state, but it's also an industry riddled with hazards. Years of illegal immigration have pushed wages down, and accidents and wage fraud are common. Of the nearly 1 million workers laboring in construction here, approximately half are undocumented.
It's college touring season, and many parents are on the road with their teenagers, driving from school to school and thinking about the college application — and financial aid — process that looms ahead.
Many baby boomers have already been through this stage with their kids, but because the generation spans about 20 years, others still have kids at home. So how should boomers plan to pay for school when, on average, students graduate from college in the U.S. with $25,000 in debt?
Bitcoin, the digital currency that trades outside the control of central banks and international borders, reached new heights Tuesday, surpassing the $200 mark for the first time. That level comes just five days after bitcoin approached $150, a development that Mt.Gox, the largest exchange service for the currency, deemed to be "epic."
Bitcoin's rise has been sharp. It was only two months ago that exchange rates put a single bitcoin's value at around $20.
A year and a half ago, J.C. Penney's then-brand new CEO Ron Johnson undertook what was supposed to be a transformation of the 110-year-old department store. Yesterday, the retailer cut his tenure short.
J.C. Penney lost nearly $1 billion last year as customer traffic dropped off.
Now, it's bringing back former Chief Executive Officer Myron Ullman to try to stanch the bleeding.