Iran's economy is in terrible shape. Inflation is rampant, Iran's currency — the rial — has plunged in value and oil exports have fallen dramatically. There's wide agreement that sanctions have squeezed Iran financially and increased pressure on its leaders to negotiate over the country's nuclear program.
This week, the Justice Department signed a $13 billion settlement with JPMorgan Chase over the bank's mortgage practices. But it's not the first multibillion-dollar deal. Five banks, including JPMorgan, reached an agreement in 2012. Not all of the results are in, but there are some lessons learned — and lingering concerns.
The anti-poverty group Oxfam is asking Pepsi's shareholders to approve a resolution that, if passed, would force the company to disclose its sugar suppliers and investigate whether those suppliers are implicated in "land grabs" that unfairly take land from the poor.
The banking giant has agreed to pay a record sum to the U.S. government over charges that it knew it was selling risky mortgage products. But it's not clear exactly what, if anything, the bank is admitting to — or if the government's case would have held up in a jury trial.
The Swiss are voting on a proposal Sunday that would prohibit corporate executives from making more than 12 times what their companies' lowest-paid workers make. Opponents warn it would drive companies and jobs out of Switzerland, and opinion polls show the measure lagging. But there is a growing mood across Europe in favor of leveling pay scales.