S&P, DOJ, States Close to $1.37 Billion Settlement

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S&P could strike a deal as early as Thursday to pay more than $1.37 billion to resolve crisis-era lawsuits with the Justice Department and more than a dozen states, according to people familiar with the situation.

Debt That Boosted Cities Now Hurts China

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Rampant borrowing by firms like Wuhan Urban, a local-government concern that funds development in dusty Wuhan city, is a big reason China’s debt load is expanding.

Apple Delivers Quarter for the Ages

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Apple surpassed even the most bullish Wall Street expectations for its holiday quarter with an improbable trifecta: selling 46% more iPhones at higher prices—and earning more on each sale.

Closing an Airport Security Gap

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A trio of recent incidents is fueling new scrutiny of U.S. airport security procedures that allow nearly a million workers nationwide access to airport facilities without routine screening.

On-Demand Workers: 'We Are Not Robots'

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Companies that rely on freelance labor describe their workers as micro-entrepreneurs. But lawsuits, protests and forums suggest that many flexible laborers feel less enthusiastic about the new work model.

Port Snarls to Take Months to Unwind

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The labor dispute that has magnified the snarls at U.S. West Coast ports may be on the brink of a settlement, but it will take months to end the widespread pain, freight disruptions, and losses caused by the cargo jam.

Rural Spain Feels Pain of Bank Branch Cuts

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Thousands of branch closures, aimed at cutting costs, have limited access to banking services in some parts of rural Spain.

Fiat Chrysler Fourth-Quarter Net Profit Falls

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Car maker said it won’t pay a dividend on 2014 profit to preserve funds for its five-year plan, but added that it shipped 4.6 million vehicles last year and could ship as many as five million this year.

Drone Maker to Prevent Some Device Flights Over D.C.

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In response to the drone crash at the White House this week, the Chinese maker of the device that crashed said it is updating its drones to disable them from flying over much of Washington, D.C.

A Radical Idea for Activist Investors

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What if activist shareholders pressed companies not to cut costs, but to invest more, with an eye on long-term progress instead of short-term gains? Now that would be different, writes Dennis Berman.

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