Google plans to enter the wireless phone business, according to published reports. By purchasing capacity on the T-Mobile and Sprint networks, Google could sell mobile service directly to customers, a move that would shake up the wireless industry.
Standard & Poor's has agreed to pay fines of nearly $80 million to settle charges that it changed the way it was rating securities in a bid to win business, but didn't bother to tell investors. The firm also agreed to a one year ban on rating certain kinds of securities. A separate Justice Department investigation is still underway.
President Obama wants to expand an existing tax credit for child care and create a new one for families with two working spouses. He also wants to make two years of community college free and expand access to retirement savings programs.
Britain's most popular newspaper will reportedly stop featuring photos of topless women on its pages. The Sun began its "Page 3" pictures 44 years ago, but there has long been criticism of the feature, which critics say objectifies women.
When President Obama delivers his State of the Union address on Tuesday, there's likely to be a deep partisan divide on many of the proposals. Trade is one area where Republicans will be applauding while many Democrats are sitting on their hands.