Nation & World
Yahoo plans to encrypt users’ communications, information
SAN FRANCISCO Yahoo is expanding its efforts to protect its users’ online activities from prying eyes by encrypting all the communications and other information flowing into the Internet company’s data centers around the world. The commitment announced Monday by Yahoo Inc. CEO Marissa Mayer follows a recent Washington Post report that the National Security Agency has been hacking into the communications lines of thee data centers run by Yahoo and Google Inc. to intercept information about what people do and say online. Yahoo had previously promised to encrypt its email service by early January. Now, the Sunnyvale, Calif., company plans to have all data encrypted by the end of March to make it more difficult for unauthorized parties to decipher the information. Google says many of its services already are encrypted.
JPMorgan agrees to $13 billion settlement in civil inquiry
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WASHINGTON The Justice Department and JPMorgan Chase & Co. have reached agreement on all issues in a $13 billion settlement of a civil inquiry into the company’s sales of low-quality mortgage-backed securities that collapsed in value in the financial crisis, a person close to the talks said late Monday. The person said the documents spelling out the agreement could be signed as early as Tuesday. The person spoke on condition of anonymity because the deal has yet to be finalized. The settlement is the largest ever reached between the government and a corporation. The nation’s biggest bank will pay more than $6 billion to investors, $4 billion to struggling homeowners and the remainder as a fine.
Hyundai to start selling Tucson SUV powered by hydrogen fuel cell
DETROIT For years, the joke in the auto industry was that a mass-produced car that runs on hydrogen was always a decade away. That will change next year when Hyundai starts selling a Tucson SUV powered by a hydrogen fuel cell. It will be the first mass-market vehicle of its type to be sold or leased in the U.S. The company plans to announce details of the new Tucson on Wednesday at the Los Angeles Auto Show. Even as the industry focused on battery-powered and hybrid cars, automakers such as Hyundai, Honda and Toyota kept up research on fuel cells. Now they appear to have conquered obstacles such as high costs, safety concerns and a lack of filling stations. These vehicles could help the companies meet stricter future fuel-economy standards.
Homebuilders worry that budget fight could put off buyers
U.S. homebuilders’ confidence in the housing market held steady this month, but many are worried that another fight over the federal budget could cause would-be buyers to put off home purchases. The National Association of Home Builders/Wells Fargo builder sentiment index stayed at 54 this month. October’s reading was revised one point lower from its initial estimate. Readings above 50 indicate more builders view sales conditions as good, rather than poor.
The Associated Press contributed.