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Big Banks Agree To Pay $8.5 Billion To Homeowners After Foreclosure Abuse

Ten of the nation's major banks, such as Bank of America and Citibank, have agreed to pay $8.5 billion after an investigation into the abuse of homeowners during foreclosures on mortgages during the recent housing crisis. According to the Fed, $3.3 billion of the settlement will be direct payments to eligible borrowers and $5.2 billion will go toward other assistance, such as loan modifications and forgiveness of deficiency judgments.

Swedish Energy Company Offers Light Therapy in Bus Shelters

To help combat the mild depression commuters may experience when the sun only rises for five hours per day in one northern Swedish town, a local energy company has installed ultra-violet lamps at about 30 bus stops.

By Jeanne Goddard

28 November 35 Views

Dow Jones Average is Up 5% in 2011; Third Consecutive Year of Gains

The Dow Jones Industrial Average, an index of 30 blue-chip U.S. stocks, finished 2011 with a gain of 5.5 percent, the third consecutive year that the bellwether index has finished in positive territory.

By Jeanne Goddard

31 December 31 Views

Young Millennials Spur Capitalism with a Conscience

It's capitalism with a conscience. Nordstrom recently opened a test store where all profits go to charity. Starbucks has three coffee shops where a big chunk of the money made helps the needy. In the past few years, dozens of America's biggest brands have embraced social generosity.

By Jeanne Goddard

09 May 28 Views

Airline Wraps Gifts, Sends Them Out Baggage Chute for Christmas Eve Travelers

The Spanish airlines, Spanair, created a memorable holiday evening for passengers traveling on Christmas Eve to La Palmas. After arriving from Barcelona to collect their baggage, 190 people found a stream of colorful gift packages flowing out onto the conveyor belt delivering presents for each and every traveller.

By Jeanne Goddard

26 December 24 Views

GE Teams Up With EPA to Keep Appliances Out of Landfills

GE has begun a partnership with the Environmental Protection Agency to work on refrigeration appliance recycling best practices. It doesn't sound sexy, but GE estimates that its new recycling technology could cut refrigerator landfill waste by 85%.

By Jeanne Goddard

16 February 28 Views

Toys R Us Launches "Be A Hero For Autism" Fundraising Campaign

ToysRUs yesterday announced the launch of its nine-week in-store fundraising campaign to benefit Autism Speaks, North America's largest autism science and advocacy organization.The company will collect donations in its stores through April 30 and provide a $400,000 grant to kick off its fifth annual campaign.

By Jeanne Goddard

23 February 34 Views

Coffee Shop's Incredible Response To Neighborhood Robberies

Where a string of robberies in local shops might have made Lexington, Kentucky a more sad place, one coffee shop has conjured up a few pay-it-forward Christmas miracles. After thieves broke into A Cup of Common Wealth, the coffee shop's owners were blown away by the outpouring of love and support. Reports of additional robberies inspired the owners to rally the community, and give a free beverage to whoever spends money in those affected businesses. They also started a Community Christmas Tree that is spreading gifts to any in need -- even the burglars.

By Jeanne Goddard

16 December 36 Views

GM Teams Up With Hawaii to Push Hydrogen Cars

With the new Hawaii Hydrogen Initiative, that state may be the first in the US to successfully build a fueling infrastructure that will support thousands of hydrogen fuel cell cars. expected to come on the market in 2015.

By Jeanne Goddard

28 December 30 Views

Rise in US Orders for Core Capital Goods Best in 5 Months

Orders by U.S. companies for core capital goods like machinery, considered a proxy for business investment, rose 1.7 percent in October, the best showing since a 2.3 percent rise in May, the Commerce Department said Tuesday.

By Jeanne Goddard

28 November 37 Views

Surprise! U.S. Economy Improving Better Than Anyone Expected

The economy is improving more than professional forecasters anticipated. It isn't only the federal government's Bureau of Labor Statistics that is issuing surprisingly good news about the U.S. economy these days… It's also auto dealers, real estate agents, the Federal Reserve and corporate America's 96-year-old Conference Board.

By Jeanne Goddard

13 October 46 Views

November Posted Best US Jobs Numbers in Months, Wages Rising

There have been anecdotal hints for months that employers are facing new pressure to raise workers' wages as the job market has heated up. And Friday's report is the first piece of real evidence in the official government data that it's happening.

By Jeanne Goddard

06 December 29 Views

High End Distillers Join the Fight Against Food Waste

Makers of high-end spirits are buying overripe, misshapen, and undersized fruit directly from farmers across America, doing their part to reduce food waste.

By Jeanne Goddard

28 June 33 Views

Chipotle Offers New Benefits to Hourly Workers, Including Tuition Payments

Chipotle is extending its worker benefits to part-time employees by giving them sick pay, paid vacation time, and even helping pay their college tuition.

11 June 36 Views

The US Economy's Second Quarter Went From Solid to Stellar

The U.S. economy grew at a far faster pace last quarter than economists first had estimated, "bolstering confidence that it will remain sturdy".

By Jeanne Goddard

05 September 30 Views

Trees For Life, Planting Peace in Palestine

The Olive Co-operative has launched an initiative that offers the public an opportunity to sponsor the planting of olive trees in Palestine. The new trees will offset the destruction wrought by years of conflict in the area when 500,000 olive trees have been destroyed

By Jeanne Goddard

02 June 27 Views

Good Jobs Report Boosts US Economy

The overall unemployment rate ticked down last month. But the real good news is the past upward revisions showing the economy added more than 350,000 private sector jobs over the past three months. Other positive economic reports also came out for the U.S. this week.

By Jeanne Goddard

05 November 33 Views

Dow Hits 12,000, Consumers Confidence Soars, too

The Dow Jones Industrial Average has once again topped 12,000 -- a level not seen since the summer of 2008, and the consumer confidence level shot up this month to its highest level in 8 months.

By Jeanne Goddard

26 January 32 Views

Reopening of Maine Paper Mill Stirs Hope

Gloom is giving way to a glow of optimism in two northern Maine towns as a pair of paper mills, once the lifeblood of industry there, is back, and a closely related new industry knocks on the door.

By Jeanne Goddard

27 November 33 Views

U.S. Health Care: The Good News - A New PBS Documentary

You don't often find the words health care and good news in the same sentence, but in a new Public Television documentary, we learn that while groups on all sides argue the merits and limitations of reform initiatives, a few American communities are already getting the job done. Correspondent T.R. Reid reports they are accomplishing what few have been able to do – deliver quality care for reasonable cost, and in some cases cover just about everybody in town.

By Jeanne Goddard

15 February 42 Views