BBC: The move paves the way for firms such as Sony, Nintendo and Microsoft to enter a lucrative market.
WSJ: Private-sector payrolls rose by 238,000 in December, the highest gain since November 2012.
USA Today: JPMorgan Chase must pay $1.7 billion to settle criminal charges from the Bernard Madoff case.
CBS: The 29-year-old will skip the Winter Games in Russia due to a right knee injury.
Forbes: Taxes on legal marijuana have made its prices much higher than its black-market counterpart.
Bloomberg Businessweek: December's forecast shows uneven progress for the largest part of the United States' economy.
Reuters: The top automakers in the United States did not meet December sales expectations, but 2013 still stands at the best year for the industry since the recession.
USA Today: General Mills says it will stop using genetically modified ingredients in its original Cheerios cereal.
Reuters: Construction spending in the United States is at its highest level in nearly five years.
Construction spending increased 1 percent to an annual rate of $934.4 billion, the highest level since March 2009, the Commerce Department said on Thursday. It was the eighth straight month that construction spending increased.
Read more here.
BBC: The first state-licensed marijuana industry opened in Colorado at the start of the new year.
Blustery winter weather could not deter Colorado's cannabis consumers from turning out in large numbers on 1 January, dubbed Green Wednesday, to see history in the making.
Residents aged 21 and over can buy 1oz (28g), while those from out of the state can purchase up to 0.25oz.
Read more here.
Toronto-based Sherritt International Corp. is selling its coal business for nearly $900 million to focus more on its core nickel and oil operations.
AP: American Express has agreed to pay at least $75.7 million to end an investigation by regulators into some discontinued card products.
Reuters: More customers this year will be able to pick up online orders in stores on Tuesday, the last shopping day before Christmas.