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SunTrust has agreed to pay $968 million as part of a settlement with the government over charges that it failed to comply with standards required for federally backed mortgages.

The settlement between SunTrust Mortgage and the Justice Department and other agencies includes money for homeowners and a requirement that the company improve its procedures for mortgage loans and foreclosures.

The Wall Street Journal reports:

Harriet Jones / WNPR

As manufacturing continues its rebound in this country, there’s a lot of discussion about the best ways for government to encourage the trend. One group of manufacturers in Connecticut think they’ve found the perfect policy tool, and they’re pioneering it here in Connecticut.

Sujata Srinivasan / WNPR

The odds were never in favor of small businesses. Data from the Small Business Administration shows that only about one-third of all start-ups make it beyond the first ten years. 

Facebook says it will pull from more user data, including browsing histories, to better target ads to consumers. As the changes roll out over the next few weeks, users will also have more control over their own data profiles, the ones that help determine which ads they see.

Tracy O / Creative Commons

Connecticut's economy is showing positive growth, but it's very modest, according to newly-revised figures from the federal government.

Matthew Perry / CCAT

The Connecticut Center for Advanced Technology has installed what it says is the world's most advanced 3D printer.

The Hartford

Liam McGee has announced he will relinquish day-to-day control at The Hartford Financial Services Group, after treatment earlier this year for a brain tumor.

McGee will be succeeded as CEO by Christopher Swift, who steps up from his position as Chief Financial Officer. Another internal candidate, Douglas Elliot, will become President. McGee will stay on as executive director of the board until the next shareholders' meeting.

Shana Sureck / WNPR

The little seaside town of Stonington has a storied reputation when it comes to one historic instrument. For the last 40 years, it's been a center of harpsichord production.

Electric Boat

Local manufacturers are being urged to consider offering their services to Electric Boat as the shipyard ramps up production in coming years.

Toy stores in Australia have been hit by a series of high-dollar Lego heists, and a police detective thinks the thefts might be the work of a crime syndicate specifically targeting the toys.

Rhode Island Public Radio

First Lady Michelle Obama visited Rhode Island to help lay the keel for a new submarine being built by Groton's Electric Boat.

CBIA

Connecticut's manufacturers expect to be doing lots of hiring in the next few years, but a recent survey shows they're worried about where all those new workers are going to come from.

State of Connecticut

Hurricane season has just begun, and insurers are gearing up to educate their customers on preparing for the storms ahead.

Diane Orson / WNPR

The word dulcimer means "sweet sound." There’s no better way to describe this American folk instrument.

Dean Baquet sat in his new office in Midtown Manhattan, the very picture of composure and precision, as he described the top-level dysfunction that led to the firing of Jill Abramson as executive editor of The New York Times and his promotion to replace her as the top news executive there.

tcly/iStock / Thinkstock

A Middlefield company has been presented with the President's Award for Exports at a ceremony in Washington, D.C.

Apple announced Wednesday that it is acquiring Beats Electronics, agreeing to pay $3 billion for the audio equipment and subscription streaming music service founded by Dr. Dre and producer Jimmy Iovine.

While it is relatively small in comparison with major acquisitions made by other tech companies, the deal represents the largest-ever for 38-year-old Apple.

Google Is Becoming A Car Manufacturer

May 28, 2014

Google is taking a detour into the world of automobiles, by becoming a carmaker.

But not just any car: a car that drives itself. In an effort to create a fully, 100 percent self-driving vehicle — something that needs no human being at the steering wheel — the company is building a car without a steering wheel.

Scientists at the company's research wing, Google X, have been working on this project hush-hush for the past year.

Today's Self-Driving Car

Royal Bank of Scotland

The Royal Bank of Scotland could lay off hundreds of its U.S. employees, according to new reports. The company has its North American headquarters in Stamford.

It would have been the biggest deal the pharmaceutical industry has seen in more than a decade. But for now, it's off the table.

Pfizer has withdrawn its offer to buy British drug company AstraZeneca for about $119 billion.

American pharmaceutical giant Pfizer, which makes Lipitor and Viagra, has been circling its smaller rival AstraZeneca for months.

AstraZeneca, which makes Nexium and Crestor, has rejected every offer saying Pfizer undervalues the company, and that it wants to remain independent.

Bullying is a behavioral problem often associated with children in grade school, but according to a recent Zogby poll commissioned by the Workplace Bullying Institute more than a quarter of American workers say they've experienced abusive conduct at work.

Now, many states are considering laws that would give workers legal protections against workplace abuse.

Lydia Brown / WNPR

This hour, we kick off our year-long Made in Connecticut series with a conversation about keeping jobs in and bringing jobs back to Connecticut. Senator Chris Murphy joined us, along with WNPR’s Harriet Jones, and some folks from the local manufacturing industry, to take an in-depth look at the present and future of manufacturing in our state.

Starwood

The Starwood Hotel group said it will create 340 new jobs at its Stamford headquarters, bringing its total workforce in the city's Harbor Point to more than 1,300.

Ebay

Connecticut's attorney general is working with other states to try and prevent data breaches like the ones that happened to eBay, Target, and Neiman Marcus.

Design Pics / Thinkstock

A group of taxi firms in Connecticut is suing two new ride-share companies, trying to stop them from doing business in the state.

Online marketplace eBay says it was the target of a cyberattack in which hackers accessed a database of its encrypted passwords. The auction site says no financial data were revealed — but it's urging its users to update the passwords on their accounts.

EBay says that it hasn't seen any sign of fraudulent activity since the problem was first detected "about two weeks ago." It also said that it stores financial data and customer records in different places and that accounts of its direct-payment subsidiary, PayPal, were not affected by the data breach.

IICONN

Giving to good causes is something many of us think about at the end of the year, as we send off a donation to a non-profit that we support. But what if you had the means and business expertise get more deeply involved in the work of your chosen cause? A new organization in Connecticut wants to harness that kind of talent.

ESPN

Sports media giant ESPN has opened its new digital media center on its Bristol campus.

Michael Blann/Digital Vision / Thinkstock

Foxwoods Resort Casino has announced plans to close parts of one of its casinos on weekdays, and lay off employees. This is the latest bid to brings costs under control as its gaming receipts continue to drop.

vichie81/iStock / Thinkstock

The rising cost of medical care is the top concern of businesses surveyed in a new report by insurance company Travelers.

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