From the Wires

Legal pot costs more than black-market marijuana

Forbes: Taxes on legal marijuana have made its prices much higher than its black-market counterpart.

U.S. service industries expand slower than predicted

Bloomberg Businessweek: December's forecast shows uneven progress for the largest part of the United States' economy.

December auto sales miss expectations

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.

Cheerios drops GMOs

USA Today: General Mills says it will stop using genetically modified ingredients in its original Cheerios cereal.

Construction spending in U.S. at its highest

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.

Customers swarm Colorado cannabis clubs

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.

Sherritt International Corp. is selling coal business

Toronto-based Sherritt International Corp. is selling its coal business for nearly $900 million to focus more on its core nickel and oil operations.

American Express to pay $75.7M settlement

AP: American Express has agreed to pay at least $75.7 million to end an investigation by regulators into some discontinued card products.

Retailers pursue last minute online sales

Reuters: More customers this year will be able to pick up online orders in stores on Tuesday, the last shopping day before Christmas.

U.S. weather on wild ride

CNN: Plummeting temperatures are on tap for much of U.S.

Customers sue Target

BBC: US retailer Target is being sued by at least 11 customers over a credit card security breach in which information on 40 million cards was stolen.

AOL expects Huffington Post to turn profit

CNN: The Huffington Post has yet to turn a profit for AOL, falling far short of executive Tim Armstrong's projection at the time of the acquisition three years ago.

Dennis Rodman in North Korea to train basketball team

CNN: Former NBA star Dennis Rodman is in North Korea for his third visit of "basketball diplomacy."