From the Wires

Wells Fargo profit climbs to $5.73B

WSJ: The bank reported net income of $5.73 billion, compared with last year's profit of $5.58 billion.

Netflix to offer Ultra-HD content, will cost more

Bloomberg: The higher-resolution, 4K stream will cost users $11.99 per month.

J.C. Penney names new CEO

WSJ: The retail giant named Home Depot executive Marvin Ellison as its new chief executive officer.

French economist wins Nobel Prize

BBC: Jean Tirole has won the Nobel Prize in economics for his work on market power and regulation.

Portland Wells Fargo employee emails CEO asking for a raise

Business Insider: Tyrel Oates emailed the bank's CEO, John Stumpf, asking for a $10,000 raise for himself and his colleagues.

Larger Apple iPad to be delayed

WSJ: Apple Inc. suppliers have delayed plans to mass produce a larger-screen tablet to meet the overwhelming demand for the new iPhone models.

IMF asks rich nations for support

NYT: The International Monetary Fund is showing heightened concern over a slowing world economy.

Snapchat will soon have ads

WSJ: Evan Spiegel, the startup's 24-year-old CEO and co-founder, announced that the company will "soon" debut its first ads.

AT&T to pay $105M settlement

WSJ: AT&T Inc. agreed to pay $105 million to settle accusations that it added bogus third-party charges to subscribers' bills.

Study finds auto phone systems, Apple Siri, distract drivers

LA Times: A new study found that voice-activated phone systems for music and navigation are dangerously distracting while driving.

The Container Store is crashing

Business Insider: The retailer's shares were down more than 19%; it reported revenue of $193.2 million against expectations of $199.2 million.

Colorado Governor: Voters were 'reckless' to legalize pot

IBT: Gov. John Hickenlooper said his state's voters were "reckless" for voting to legalize marijuana for recreational use.

Hewlett-Packard to split company

WSJ: The 75-year-old company will become one part HP Inc., which will consist of its personal-computer and printer business, and Hewlett-Packard Enterprise, which will sell computer gear and services for corporate departments.