Mid-day Update

Europe's automotive industry and others may benefit from lifted sanctions on Iran. Restaurant profit margins are slim, only around 3-5 percent. So more restaurant chains are starting to make home deliveries. And, One Direction's new album was topping the charts before it was even released.

Is a Dow at 16,000 high enough for now? The Federal Communications Commission is moving toward lifting a long-standing ban on cell phone calls in-flight. It would permit calls once a plane reaches 10,000 feet. And, new rules say that meat must be labeled with where the animal it came from was born, raised, and slaughtered.

The White House is throwing cold water on a private investment group’s proposal to recapitalize Fannie Mae and Freddie Mac. At auction tonight, the domain name mutualfunds.com won't break 2013's record unless it fetches more than$4.7 million. And, are high tech hiring systems keeping Americans out of work?

We will draw a line between gas prices and holiday consumption. Dropbox, the online storage firm, is reportedly seeking a new round of funding. And, Fortune Magazine's Allan Sloan's list of the year’s worst deals and financial flops.

The Justice Department will announce a record-setting settlement with J.P. Morgan Chase over mortgages and mortgage-backed bonds. Dow 16,000. S&P 1,800. What does it all mean? And, a byproduct of refining gasoline is clouding the skies of a South Side Chicago neighborhood.

At the Dubai Air Show, Boeing claims the largest product launch in the history of commercial aviation. And, a new analysis by ProPublica finds that many doctors in the U.S. prescribe brand-name drugs to Medicare patients when generics can be dramatically cheaper — and it's costing taxpayers hundreds of millions a year.

Janet Yellen testified before the Senate Banking Committee yesterday. China said today it's easing its one-child policy, but economics could still stand in the way of more children. And, the new PlayStation comes out tomorrow, and the battle for the living room ramps up another notch.

Janet Yellen was the advocate for more transparency by the Fed. What will she do as chair? A JPMorgan Twitter Q&A quickly turned into a public relations disaster. And, there are still people who make a living selling typewriters to law offices.

The Supreme Court hears arguments Wednesday in a case that could weaken union-organizing efforts. Sports Authority stores in Chicago are getting hit by "flash robs," gangs of shoplifters who are triggered all at once. And, people around the world want to help the Philippines. But what’s the best way to donate after disaster strikes?

Chinese leaders emerged from a four-day policy meeting today.