Dan Bobkoff

JPMorgan Chase agreed pay $5.1 billion to settle litigation over mortgage assets sold during the housing bubble. The deal, announced late Friday afternoon, is to resolve claims the company misled Fannie Mae and Freddie Mac before the housing market crashed. It is part of a tentative $13 billion deal the company is trying to reach with federal and state agencies over its mortgage liabilities.

Tuesday is the deadline for taxpayers who requested an extension on their 2012 tax returns. With most of its staff currently furloughed, the Internal Revenue Service is not answering calls, issuing refunds or collecting audits. Even so, don't expect a filing reprieve; the midnight deadline is still in effect.

Three American professors won this year's Nobel Memorial Prize in Economic Sciences for their studies on asset prices.

JP Morgan Chase reported something unusual today: a loss. The bank has been forced to set aside a huge cash reserve to cover expected fines and related legal costs. In the most recent quarter, the set-aside was so large — $9.1 billion — that it produced a net loss for the bank.

L.L. Bean has taken back a live Christmas wreath that had turned brown and a shirt ripped by a rescue crew after a car accident. Is that any way to run a business?

Of all the healthy foods you could eat, what inspires some people to wear kale T-shirts and sport kale stickers? Why do some people see kale as a part of their identities?

Trading on the Nasdaq exchange was halted today due to an unspecified technical glitch. The shutdown rattled investors and raised fresh concerns about the safety and stability of financial markets. Nasdaq in particular has experienced technological mishaps, most notably during the Facebook IPO in 2012.

The race to create a viable Internet-based TV service is on, and the contestants include the biggest names in computer technology: Apple, Microsoft, Intel and Google. Sony has apparently reached a deal — as preliminary — with Viacom to carry the company's cable channels on its planned web TV service.

Sagging power lines and computer glitches led to a power outage that left 50 million people across the Northeast U.S. and part of Canada in darkness on Aug. 14, 2003. New sensors have been installed, and operator training and computer systems have been upgraded. But is that enough to prevent another massive blackout?

The Internet has a history of blowing up business models. Now we buy music by the song, and who needs the newspaper for classifieds? But cable television hasn't budged much. You're still forced to buy a bundle of channels, whether you watch them or not.