From the Wires

JP Morgan to announce $13B settlement

Reuters: JPMorgan Chase & Co is expected to announce a $13 billion agreement with the U.S. government on Tuesday to settle claims it overstated the quality of mortgages.

Bloomberg lays off dozens

New York Observer: Bloomberg News laid off dozens of staffers and eliminated some positions today in an effort to shift resources within the company.

Walmart holds food drive for its own employees

Business Insider: A Cleveland Walmart is holding a Thanksgiving food drive for its own employees.

Dow, S&P hit record highs

Reuters: The Dow and S&P 500 extended their record highs on Monday, ticking above 16,000 and 1,800 respectively.

Doping coverup included top officials, Armstrong says

CNN: Lance Armstrong claims former Union Cycliste Internationale (UCI) president Hein Verbruggen was directly involved in covering up his positive test for corticosteroid during the 1999 Tour de France.

Post office loses $5B in past year

AP: The U.S. Postal Service lost $5 billion over the past year, its seventh straight annual loss.

Retired union workers facing 'unprecedented' pension cuts

CNNMoney: Hundreds of thousands of retired union workers are facing pension cuts that could reduce their monthly payments by more than half.

China to relax one child policy

BBC: China will loosen restrictions limiting most couples to having only a single child.

White House will let insurers continue canceled health plans

Wall Street Journal: President Obama says Americans who received insurance cancellation letters can keep their plans for one year.

Snapchat turns down $3B from Facebook

USA Today: Snapchat's founders turned down an offer of more than $3 billion in cash from Facebook.

Hawaii 15th state to legalize gay marriage

KHON: Hawaii became the 15th state to legalize same-sex marriage.

Canadian porn bust rescues 386 children

Associated Press: An operation dubbed Project Spade is one of the biggest child porn busts ever say Toronto police.

Congress's approval rating hits 9 percent

Time: Congress's approval rating hit a new low of just 9% of the American public, Gallup found.