The Kulluk, the Shell oil-drilling rig that washed aground last weekend, is afloat and being towed to shelter on Kodiak Island in the Gulf of Alaska. The craft began its 30-mile trip late Sunday night. Examinations of the vessel have not found any signs of a leak.
After nearly a month of health problems that culminated with a stay in a New York City hospital for treatment of a blood clot in a vein between her brain and her skull, Secretary of State Hillary Clinton was back in her office Monday morning.
The State Department released a photo of the 65-year-old, soon-to-be-retired Clinton chairing a weekly meeting of assistant secretaries.
Ten of the nation's major mortgage servicing companies, including household names such as Bank of America and Citibank, have agreed to pay $8.5 billion to resolve claims that they abused some homeowners when they foreclosed on mortgages during the recent housing crisis, the Federal Reserve and the Comptroller of the Currency announced late Monday morning.
Bank of America announced this morning that it will pay the Federal National Mortgage Association (Fannie Mae) $3.6 billion in cash and will buy back $6.75 billion worth of mortgages to resolve claims related to mortgage-backed securities sold to Fannie Mae by the bank and Countrywide Financial Corp. (which BofA acquired in 2008.