A long-awaited deal between JP Morgan Chase and the Justice Department was finalized Tuesday. The bank — one of Wall Street's largest — agreed to pay a total of $13 billion to resolve a number of legal issues stemming from mortgage securities sold in the run-up to the financial crisis.
Millions of Americans are trying to figure what to do now that their health insurance policies have been cancelled. The policies were cancelled because they didn't comply with President Obama's Affordable Care Act. The president now says insurers who offered substandard policies can continue offering them for one more year. But most insurance companies are still figuring what to do, so it's very difficult for individuals to get reliable information, let alone make a decision.
It has a funny name but not too many people in some Chicago neighborhoods are laughing about huge piles of Pet Coke they say have left their homes and yards filled with soot, and could be a potential health hazard. Pet Coke is a by-product of the oil refinery process and is expected to become more plentiful as refineries process more heavy crude oil. Left uncovered, a strong wind can push Pet Coke dust into the air, waterways and nearby neighborhoods. The Illinois Attorney General and Chicago residents have filed lawsuits against the facility storing it in open air, which belongs to a subsidiary of the controversial Koch Brothers. They say the company should find a better way to store pet coke before its shipped elsewhere.
Envoys from Iran and six world powers are set to resume talks in Geneva Wednesday on Iran's suspect nuclear program. Considerable progress was made in the last round on an interim deal that would temporarily freeze Iran's nuclear program while easing some of the international economic sanctions. There are cautious hopes on both sides that the interim deal can be finalized at this session.
Norwegian chess player Magnus Carlsen is competing in the 2013 World Chess Championships. Melissa Block speaks with Joran Jansson, president of the Norwegian Chess Federation, for more on his rise to a number one ranking and what his popularity means for the game of chess.