Cliff Owen/Associated Press
Housing and Urban Development Secretary Shaun Donovan, left, smiles as he listens to Colorado Attorney General John Suthers, right, speak Thursday during a news conference at the Justice Department in Washington, D.C., where a settlement regarding mortgage loan servicing and foreclosure abuse was announced.
WASHINGTON -- The federal government's $25 billion settlement Thursday with banks over fraudulent foreclosure practices begins a long-promised reckoning with the financial industry over its role in the worst economic crisis since the Great Depression, officials said. (Today)
An unlikely animus has developed between two organizations best known by their initials: SEIU and EDMC. Downtown-based Education Management Corp., the subject of a federal lawsuit about recruiting practices and a Senate committee investigation into for-profit schools, is no stranger to scrutiny. (Today)
Bob Donaldson/Post-Gazette
Workers for Benkart Rigging gently maneuver a seven-ton magnetic coil for a new magnetic resonance imaging machine at Jefferson Regional Medical Center's Diagnostic Services in Bethel Park in May 2010.
J.P. Morgan was alleged to have been talking about yachts when he uttered his well-known financial axiom -- "If you have to ask the price, you can't afford it" -- but the same is true of MRI machines and CT scanners. (Today)
Six months into its current fiscal year, the West Penn Allegheny Health System has lost $55.9 million -- including $34.1 million from September through December -- as the financially ailing system continues to experience drops in patient volume and revenue. (Today)
A developer won clearance Thursday to demolish part of the Strip District's historic produce terminal as part of a broader redevelopment that proponents saw as visionary and one opponent described as "an Olive Garden." (Today)