Reuters: Bank of America on Monday announced roughly $11.6 billion of settlements with mortgage finance company Fannie Mae and a $1.8 billion sale of collection rights on home loans, in a series of deals meant to help the bank move past its disastrous 2008 purchase of Countrywide Financial Corp.
Wall Street Journal: Paul Krugman, the liberal economist who pens a widely read column for the New York Times, on Monday joined the calls for the U.S. to mint a $1 trillion platinum coin as a way around the debt ceiling.
CNN: Hulu CEO Jason Kilar is leaving in the first quarter of the year, along with chief technology officer Rich Tom.
The Atlantic: The prospect of finding an ever-more-compatible mate with the click of a mouse may mean a future of relationship instability.
AP: “Grey’s Anatomy” star Patrick Dempsey won a bankruptcy auction to buy Seattle-based Tully’s Coffee.
City Center Parking, Portland’s largest and oldest parking lot operation, was acquired by Imperial Parking of Vancouver, B.C.
An extension of the federal unemployment benefit program will help an estimated 35,000 Oregonians.
Hillsboro-based semiconductor company NexPlanar reported $10 million in new investment.
High-performance battery company EnerG2 announced $9.4M in new funding, which will help it to manufacture batteries at its Albany plant.
The Oregon Dungeness crab season has gotten off to a disappointing start.