JP Morgan Settles with Jefferson County
JP Morgan is paying more than 700 million dollars to settle charges by the Securities and Exchange Commission it made unlawful payments to friends of Jefferson County commissioners in order to win municipal bond business. Under the settlement announced Wednesday, JP Morgan agreed to forfeit almost 650 million dollars in bond-swap termination fees. The Wall Street bank will also pay a 25 million dollar penalty and 50 million to Jefferson County. The SEC also took action against two former JP Morgan officials involved in the alleged scheme. They did not settle and an SEC spokesman said the government will continue to pursue the case against them. WBHM’s Bradley George spoke with Samford University finance professor Melissa Woodley. She says Jefferson County leaders are probably relieved by the settlement, but it’s far from a panacea for the county’s massive debt.
Searching for dinosaur secrets in crocodile bones
Until now, estimating how old a dinosaur was when it died has been a fairly simple process: Count up the growth rings in the fossilized bones. But new research into some of dinosaurs' living relatives, like crocodiles, suggests that this method may not always work.
How the new dietary guidelines could impact school meals
Cutting back on ready-to-eat meals won't be easy, and whole milk may make a comeback. One thing that's certain: It'll be a while before the new guidelines trickle down to schools.
Nike faces federal probe over allegations of discrimination against white workers
The federal agency for protecting workers' civil rights revealed Wednesday that it is investigating sportswear giant Nike for allegedly discriminating against white employees.
ICE can’t make warrantless arrests in Oregon unless there’s risk of escape, judge rules
U.S. immigration agents in Oregon must stop arresting people without warrants unless there's a likelihood of escape, a federal judge ruled Wednesday.
Trump’s EPA issues record low legal actions against polluters, watchdog group finds
The EPA enforced a record low number of environmental laws and regulations during the first year of President Trump's second term in office.
Researchers say no evidence of TikTok censorship, but they remain wary
Posts have been going viral on social media accusing TikTok's new owners of suppressing content, but eight academics examined the issue and found no evidence to support the claims.
