(NECN) - Lawyers for pharmaceutical giant GlaxoSmithKline will be in a Boston courtroom Thursday pleading guilty in a massive fraud case: the largest health care fraud settlement in U.S. history.
The drug giant agreed to pay a $3 billion fine for promoting two drugs for unapproved uses.
Federal prosecutors say the company encouraged kids to use the anti-depressant Paxil even though it's not approved for people under 18.
Glaxo is also accused of promoting Wellbutrin to treat conditions other than major depressive disorder.
Big banks are taking steps to help you understand their lists of complicated fees.
According to the Boston Globe, Bank of America, TD Bank and Citi-Group have all pledged to condense pages of rules and regulations into one simple form.
The banks will use a template designed by the pew charitable trusts.
The single page covers the basic terms for most checking accounts, including minimum balances, a-t-m fees, and over-draft policies.
There is some good news in the real estate market.
New home sales are up and the number of foreclosures is falling.
According to the Commerce Department, sales of new single family homes rose 8-percent in May, and a survey shows the number of foreclosures is down 25-percent from a year ago.
That's good news for homeowners because foreclosures are often listed at such low prices that other homes in the neighborhood can't compete.
Source: http://www.necn.com/07/05/12/Money-Matters-Good-news-in-real-estate/landing_business.html?blockID=735624&feedID=4209
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