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Business news in brief

Posted: December 31, 2013 at 2:40 a.m.

QUOTE OF THE DAY “Although [Southwest Airlines] have transitioned in recent years to more of a revenue-focused airline, they’ve always been an airline that got the operation right.” Seth Kaplan, managing partner at Airline Weekly, about Southwest’s latest ranking as the airline with the worst on-time percentage. Article, 1D Wells Fargo, Fannie Mae settle loan case WASHINGTON — Wells Fargo & Co. said Monday that it agreed to pay $591 million to Fannie Mae to settle disputes over soured mortgages that the bank sold to the seized housing finance giant during the subprime housing boom.

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Business, Pages 22 on 12/31/2013

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