Money

'Pharma Bro' firm reaches $40M settlement in gouging case

A company once owned by "Pharma Bro" Martin Shkreli will pay up to $40 million to settle allegations that it jacked up the price of a life-saving medication by roughly 4 ,000% after obtaining exclusive rights to the drug, the Federal Trade Commission announced Tuesday.

Ex-LA utility head admits taking bribes in billing scandal

The former head of the Los Angeles Department of Water and Power — the nation’s largest public utility — has agreed to plead guilty to taking bribes in a corruption scandal that grew out of an automated billing disaster that stuck ratepayers with exorbitant bills, federal prosecutors said Monday.

Hedge fund founder Steinhardt will return looted antiquities

Billionaire hedge fund manager Michael Steinhardt has agreed to turn over $70 million worth of stolen antiquities and will be subject to an unprecedented lifetime ban on acquiring antiquities, the Manhattan district attorney announced Monday.

Toyota to build $1.29B battery manufacturing plant in North Carolina

Toyota Battery Manufacturing North America will have four production lines, each capable of delivering enough lithium-ion batteries for 200,000 hybrid and electric vehicles. The automaker plans to expand the facility to at least six production lines to produce enough battery packs for up to 1.2 million vehicles per year.

What is FAFSA?

The Free Application for Federal Student Aid — FAFSA — is the form students and some parents fill out to be eligible for federal financial aid for college.