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economy

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Bank of America agrees to pay $335M over discriminatory lending at Countrywide

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To end a federal discriminatory lending lawsuit, Bank of America will pay the largest fine ever assessed in that sort of case, in connection with discriminatory lending practices by the Countrywide company it bought.
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U.S. teen pregnancies reaching record-low levels

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As comprehensive sex education ramps up and the economy continues to sputter, more women are choosing not to get pregnant in their teens, sending the U.S. teen birth rate to low levels not seen in 70 years.
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Britain's bankers ready for a brutal year to be over

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Many who work in Britain's financial services sector are feeling the weight of public antipathy and failure and it's driven people to substance abuse and even illness. But they're unlikely to find much sympathy among an outraged public.
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Some Russians long for the communal housing of the kommunalka

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After the Bolshevik Revolution, communist leaders in Russia solved the urban housing crisis by seizing the luxury apartments of the rich and turning them into communal housing projects, the kommunalka. Each family got a room and then all the families, three, four, five of them, shared the kitchen and bathrooms. Some older Russians miss those times.
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In Spain, hair salons and nail salons finding success in a struggling economy

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Spain's struggling economy has left many in the country with a sense of malaise and gloom. Looking for something positive, more and more are turning to the beauty salon or nail parlor for a little pick-up.
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Wealthiest Americans see precipitous decline in incomes -- still dominate

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Economists are also studying whether the dramatic concentration of wealth at the top is an indication of an economic collapse, a cause of an economic collapse or just a mere coincidence, as they study the concentration of wealth now, compared to 1928.
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26 of 27 European Union countries indicate interest in tighter economic ties

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Only the United Kingdom, one of 10 EU countries not using the euro, indicated it could not support efforts to enshrine new protocols for monitoring country's budgets and enforcing limits on deficits.
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Occupy Wall Street protesters take to vacant, foreclosed homes

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As the Occupy Wall Street protests dwindle, beset by winter weather and police actions, they're trying a different tack, one that they hope will help reduce homelessness and help some people keep their homes from being foreclosed upon.
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European leaders converge on Brussels in an effort to resolve crisis

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France and Germany are trying to spur their fellow European leaders to make bold changes to European treaties in order to get economic stability in the eurozone.
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VIDEO: U.S., Canada reach landmark agreement on tighter border coordination

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Late Wednesday, American and Canadian officials rolled out a broad, new plan to tighten cooperation on border movements and make it easier for people and companies on both sides of the border to do business in and visit the other.
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