Business Story of the Day

The Justice Department on Tuesday announced a landmark $13 billion settlement with JPMorgan Chase. That's the largest settlement the federal government has ever made with a single company. It's three times the BP Deepwater Horizon Oil Spill settlement.

BP is challenging hundreds of millions of dollars in claims that were filed after the 2010 oil spill in the Gulf of Mexico, saying some have no connection to the spill. But legal experts say the claims don't have to be spill-related and BP is relying on a friendly court to limit how much it will pay.

As a Dec. 23 enrollment deadline for health insurance that starts Jan. 1 looms, New York state is staffing up its call center and smoothing out the rough spots on its application to meet growing demand. As time runs down, the state is trying to fix technical and design issues that came up when the site debuted in October.

The book lists the tax that importers have to pay on approximately every single thing in the universe — and raises a key question about the Planet Money T-shirt.

Starting Monday, gay marriage is legal in Hawaii. The state has long been a destination for weddings and honeymoons. And now state officials, as well as hotels and restaurants, are hoping the latest marriage-equality law will spur a new market for wedding tourism.

It's not an uncommon experience for smartphone owners: You're out for lunch or running errands, you suddenly realize your phone battery is low, and you panic. A Philadelphia entrepreneur thinks he's found the solution, and it's supposed to help phone owners and stores.

Crowdfunding is popular among musicians, filmmakers and artists looking for a way to finance their next project. Now the Securities and Exchange Commission is considering rules that would allow small companies to solicit investments over the Internet and sell shares to the public.

American studios are working hard to play well in China's gigantic — and growing — movie market, all while negotiating complex rules and competing with popular domestic films.

"This little baby — what my wife used to call my 'pretend money project' — is really going mainstream," says the chief scientist at the Bitcoin Foundation.

It takes more than a decisive vision to solve intractable world problems, says Harvard leadership expert Ronald Heifetz. Instead, he advises his students — including budding heads-of-state — to think less like surgeons and more like psychiatrists.