Settlement: The federal government could announce a $25 billion settlement with five of the nation's biggest banks as early as today that would help about two million homeowners who were harmed when the housing bubble burst, The New York Times reports. This is part of a broader effort to hold banks accountable for predatory lending practices and halt the decline of the housing market.
Hacking: Rupert Murdoch's News International have settled nine more phone hacking lawsuits in the UK, reports the Associated Press. Comedian Steve Coogan is among the victims.
Retrial: Nothing in life is certain except death and taxes. But apparently not even death can absolve one of taxes. Russian police are planning to file a tax evasion case against a lawyer who died three years ago, reports The Moscow Times.