Good morning. I'm Renee Montagne. A cold winter, a stifling summer, and your power bill will spike. But Grace Edwards' electric bill had seemed high for 25 years. Connecticut Light and Power first told her it must be an extra TV or her air conditioning. Turns out, Edwards was paying to power two street lights. The Hartford Courant reports she's been issued a refund of $10,491, what she overpaid plus interest, plus an apology. It's MORNING EDITION. Transcript provided by NPR, Copyright National Public Radio.
A British bank has agreed to settle charges that it illegally laundered Iranian money. The settlement with Standard Chartered was announced by New York banking regulators, who'd brought the charges just a week ago. The bank still is under investigation by the federal government. NPR's Jim Zarroli has more.
A new movie in theaters today is titled "The Odd Life of Timothy Green." And film critic, Kenneth Turan, found the movie, itself, odd.
KENNETH TURAN: "The Odd Life of Timothy Green" is a when you wish upon a star fable in the old school Disney style. It's just the kind of inspirational family-friendly comfort food it feels churlish to rebuff. But though the film's heart is pure, its execution is so cloying and contrived it brings on tears of frustration.
Originally published on Wed August 15, 2012 6:32 am
RENEE MONTAGNE, HOST:
NPR's business news starts with the top man at The Times.
(SOUNDBITE OF MUSIC)
MONTAGNE: The New York Times has named its new president and CEO. The man who got the job is Mark Thompson, a former BBC executive. Thompson will face a different business model from the non-profit British broadcaster. The paper is run by a board that's largely elected by a family trust.
Originally published on Wed August 15, 2012 6:07 am
The small Southern California city of San Fernando is facing a seven-figure fiscal crisis. But the town has been unable to address its money issues because the romantic entanglements of the city leaders are dominating the agenda.