DURHAM -- Duke University has culled its payroll by about 400 employees thus far, but layoffs are still a possibility, officials said during an employee meeting this week.
Many of those who left took advantage of a retirement incentive program offered to biweekly paid staff, Duke officials say. The incentive was one of several university efforts to reduce expenses and close a $125 million budget shortfall.
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Homeowners in North Carolina who owe more than their homes are worth could get principal reductions on their mortgages as early as next month after states and federal agencies announced a $25 billion settlement with the country's largest mortgage servicers. 
When a real estate deal doesn't turn out as planned, there are two things that you can be fairly certain will occur: Monday-morning quarterbacking and finger-pointing. Keep up with the latest business stories with our free e-mail newsletter, delivered straight to your inbox!
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