Jan 14, 2011
New or updated articlesJanuary 14th 2011
Africa: A night in Tunisia
The turmoil in Tunisia gets worse
Asia: Mixed messages
With a reshuffle the prime minister loses a good reformer, but gains another
Europe: The return of ruby
Italian prosecutors place Silvio Berlusconi under investigation
Technology: Difference engine
Finally, driving licences become really worth counterfeiting
Britain: After Oldham
Conservatives who put party ahead of government
Daily chart: US equivalents
Which countries match the GDP and population of America's states?
Online debate: Cities
Our debaters post their rebuttals and guest expert, Gyan Prakash, advises against restricting the growth of cities
»click here to see the latest top stories from CNBC.com
Personal Finance Daily
JANUARY 14, 2011
Friday's Personal Finance Stories
- Housing industry readies mortgage tax break fight
- Retirement products: higher costs, fewer providers
- A tax quiz: How much do you really know?
- Gas prices head for $4 a gallon
- How the debt ceiling could ding your portfolio
So, should you buy these things? That's a really good question. For my part, it seems to me that immediate income annuities — at retirement, you pay a lump sum to the insurance company and it pays you a guaranteed income stream for the rest of your life — can be a smart move with a portion of your assets. On the other hand, a very large group of retirement savers probably don't have enough saved for that strategy to make sense (the monthly payout would be tiny).
As for long-term-care insurance: Some people who dove into this product have seen their premiums rise sharply over time. Clearly not a desirable trait. On the other hand, one year in a nursing home will cost you a lot of money. On the other, other hand, what if you never need to go to a nursing home? Like I said, complicated.
For greater insight, read Robert Powell's column today for more on these products, including how, when done right, they can help ease you over some serious financial potholes. Also, don't miss Steve Kerch's latest dispatch from the International Builders' Show in Orlando, where housing industry executives are gearing up to fight lawmakers over any proposals to kill the mortgage-interest tax deduction.
Speaking of taxes, don't miss Eva Rosenberg's 10-question quiz today, to find out whether you should be booting up your computer to do your taxes — or whether it's time to graduate to a tax pro.
Have a happy long weekend! Personal Finance Daily will return on Tuesday.
— Andrea Coombes , Personal Finance editor
Retirement products: rising costs, fewer providers
Retirement savers often are advised to buy products that aim to mitigate retirement risks and provide retirement income. But many of the companies that provide such products are leaving the business — or raising rates.
Read more: Retirement products: rising costs, fewer providers.
Housing industry readies mortgage tax break fight
The housing industry is girding for a fight in Congress to protect the mortgage interest deduction, along with a number of other housing-related tax breaks.
Read more: Housing industry readies mortgage tax break fight.
Lingering foreclosure bars new mortgage loan
If a lender won't proceed with foreclosure, what are the homeowner's options? Lew Sichelman offers advice in Realty Q&A.
Read more: Lingering foreclosure bars new mortgage loan.
A tax quiz: How much do you really know?
There is a wealth of do-it-yourself tax software out there, and you're hankering to prepare your own tax return. But do you know enough about the tax laws affecting you to do it on your own? Take this 10-question quiz to find out.
Read more: A tax quiz: How much do you really know?
Tax refunds move to debit cars
The U.S. Treasury Department plans to launch a pilot program Thursday to deliver tax refunds through prepaid debit cards, an effort to cut the expense of paper checks and aid lower-income taxpayers who don't have bank accounts.
Read more: Tax refunds move to debit cards.
SAVING & SPENDING
Gas prices are headed for $4 a gallon
When the U.S. Energy Department mentioned in a report this week that retail gasoline prices could top $4 per gallon later this year and diesel prices may rise 14% this year, that should've been cause for alarm for consumers who have already seen a steady climb in fuel prices in the last three months.
Read more: Gas prices are headed for $4 a gallon.
How the debt ceiling could ding your portfolio
The U.S. government is in danger of reaching its self-imposed "debt ceiling." The potential results for investors: anything from falling short-term interest rates to spiking long-term rates and a weakening dollar—or even all three.
Read more: How the debt ceiling could ding your portfolio.
How to stay in the market's sweet spot
Sell your losers and let your winners ride. That's the advice many successful investors give their clients. But first you need to know who the winners really are. Any guesses? Gold? Sure. Emerging-market stocks and bonds? They have been until recently.
Read more: How to stay in the market's sweet spot.
Fund manager arrested over death threats
Authorities arrested a fund manager over death threats he allegedly made against financial regulators, the Justice Department said Friday.
Read more: Fund manager arrested over death threats.
Equity One is ‘Stupid Investment of the Week'
Real estate investment trust promises good yields, but shares are no bargain given the risks involved.
Read more: Equity One is ‘Stupid Investment of the Week.'
Emerging markets give investors a scare
Investors who ran after emerging markets' outsized returns last year almost got knocked off their perch this week. Read that story and more in Mutual Funds Weekly.
Groupon IPO being pushed by Wall Street
The daily deal Internet company just received private funding of nearly $1 billion so why is it reportedly looking at an IPO so soon?
Read more: Groupon IPO being pushed by Wall Street.
Bullish sentiment has begun to pull back
After bullish sentiment reached alarmingly high levels late last year, it began to pull back a bit — and is now somewhat lower. This is a potentially bullish development, according to contrarian analysis.
Read more: Bullish sentiment has begun to pull back.
Five reasons silver glitters more than gold
There are several reasons to love gold right now, but even more reasons to invest in silver, it's often-neglected cousin, writes Jeff Reeves.
Read more: Five reasons silver glitters more than gold.
Hedge-fund investing for do-gooders
Impact investing is the hot new thing in financial circles, blending philanthropy and real returns on investments, writes Thomas Kostigen.
Read more: Hedge-fund investing for do-gooders.
ECONOMY & POLITICS
In charts: Beige Book, gas prices, retail sales
The graphical look of indicators released during the week shows rising gas prices the main source of inflation as well as signs of an improving economy.
Read more: Beige Book, gas prices, retail sales.
Bad weather batters fragile economy
In the wintry first quarter, U.S. growth rates may say more about the weather than economic fundamentals, writes Kathleen Madigan.
Read more: Bad weather batters fragile economy.
Fed to move to sidelines, bank economists say
The U.S. economy will grow at a 3.3% rate in 2011 but only take a "small bite" out of the unemployment rate, economists sitting on an American Bankers Association forecasting panel believe.
Read more: Fed to move to sidelines, bank economists say.
AIG plan to repay government moves forward
American International Group Inc.'s plan to repay the government advanced a step Friday as the Treasury took a 92% stake in the troubled insurer, putting it in a position to gradually sell down its holdings.
Read more: AIG plan to repay government moves forward.
Industrial production climbs 0.8% in December
The nation's industrial output accelerated to an 0.8% growth rate in December, Federal Reserve data show, as utilities usage picked up due to cold weather.
Read more: Industrial production climbs 0.8% in December.
Consumer sentiment surprisingly dips in January
Consumer sentiment took an unexpected dip in January, according to a poll released Friday, as surging gasoline prices took a toll.
Read more: Consumer sentiment surprisingly dips in January.
Consumer prices jump 0.5% in December
Headline consumer prices rose 0.5% in December but core prices rose 0.1%. Over the past year, core inflation was up a record low 0.8%, below the Fed's target range.
Read more: Consumer prices jump 0.5% in December.
Deflationary pressures easing, for now
With shelter prices rising for the first time in a year, deflationary pressures are easing, potentially giving the Fed the green light to normalize policy, writes Rex Nutting.
Read more: Deflationary pressures easing, for now.
Love my neighbor? Are you &@!# crazy?
In these hyperpartisan and cynical times, it's easy to see even an appeal for unity as divisive, as some kind of political trick to get the upper hand.
Read more: Love my neighbor? Are you &@!# crazy?
Martin Luther King Jr.'s lasting legacy
Americans will observe Martin Luther King Jr. Day on Monday, a good time for us to consider what makes this humble preacher such a hallowed figure, writes Marshall Loeb.
Read more: Martin Luther King Jr.'s lasting legacy.
Stocks See Solid Gains After Strong Q4 From JP Morgan, Intel - U.S. Commentary | RTTNews Evening Market Wrap
|Evening Market Wrap||Fri Jan 14 2011|
Jan 14, 2011 Stocks See Solid Gains After Strong Q4 From JP Morgan, Intel - U.S. Commentary Stocks shook off early uncertainty and ended up by solid margins on Friday, as traders looked to strong fourth quarter results from JPMorgan Chase (JPM) and Intel (INTC). The markets largely shrugged off China's latest move to cool its growth and a flood of mixed U.S. economic data. Full Article
Jan 14, 2011 Jump In Energy Prices Drives U.S. Consumer Prices Higher Consumer prices in the U.S. rose by slightly more than expected in the month of December, the Labor Department revealed in a report released on Friday, with the price growth due in large part to a substantial increase in energy prices. The Labor Department said its consumer price index rose by 0.5 percent in December after edging up by an unrevised 0.1 percent in November. Economists had expected the index to increase by a slightly more modest 0.4 percent. Full Article
Jan 14, 2011 U.S. December Retail Sales Growth Falls Short Of Estimates Retail sales in the U.S. showed a moderate increase in the key holiday shopping month of December, according to a report released by the Commerce Department on Friday, although the pace of growth fell short of economist estimates. The report showed that retail sales increased by 0.6 percent in December following an unrevised 0.8 percent increase in November. Economists had been expecting sales to show a somewhat more significant increase of about 0.8 percent. Full Article
Jan 14, 2011 Increased Heating Demand Leads To Jump In U.S. Industrial Production With unusually cold weather leading to a surge in utilities output, the Federal Reserve released a report on Friday showing that U.S. industrial production increased by more than economists had expected in the month of December. The report said industrial production increased by 0.8 percent in December following a downwardly revised 0.3 percent increase in November. The increase marked the fastest pace of growth since July. Full Article
Jan 14, 2011 U.S. Business Inventories Increase Less Than Expected In November Business inventories in the U.S. increased by much less than expected in the month of November, according to a report released by the Commerce Department on Friday, although the report also showed a notable increase in business sales. The Commerce Department said business inventories edged up by 0.2 percent in November compared to an upwardly revised 0.8 percent increase in October. Economists had expected inventories to increase by 0.7 percent. Full Article
Jan 14, 2011 U.S. Consumer Sentiment Unexpectedly Deteriorates In January Reuters and the University of Michigan released their preliminary report on consumer sentiment in the month of January of Friday, showing that consumer sentiment for the month unexpectedly deteriorated compared to December. The report showed that the consumer sentiment index fell to a reading of 72.7 in January from December's final reading of 74.5. The decrease came as surprise to economists, who had expected the index to rise to a reading of 75.5. Full Article
Jan 14, 2011 M&T Bank Profit Surges 54%; Tops ViewM&T Bank Corp. (MTB) on Friday reported a 54% surge in profit for the fourth quarter, reflecting a lower provision for credit losses and higher net interest income. The company's operating earnings topped analysts' expectations. The Buffalo, New York-based regional bank's net income for the fourth quarter was $189.68 million or $1.59 per share, up from $122.91 million or $1.04 per share in the year-ago period. Full Article
Jan 14, 2011 Hasbro Holiday Sales Sluggish, 2011 Looking UpGames and toys manufacturer Hasbro, Inc. (HAS) announced Friday it expects fourth quarter and full year sales will be down compared to the prior year. While the company still predicts that earnings will be up in 2010, adjusted earnings will grow only modestly. 2011 is looking better for Hasbro, with the company forecasting both revenue and earnings per share to grow during the fiscal year. Full Article
Jan 14, 2011 JPMorgan Profit Soars, Tops ExpectationsFinancial services giant JPMorgan Chase & Co. (JPM) Friday reported a 47% increase in fourth-quarter profit, driven by top line growth and lower provision for credit losses. On a per share basis, earnings topped Wall Street analysts' forecast. Fourth-quarter net income was $4.83 billion or $1.12 per share, compared with $3.28 billion or $0.74 per share last year. On average, 24 analysts polled by Thomson Reuters expected the company to report earnings of $0.99 per share. Analysts' estimates typically exclude special items. Full Article
Jan 14, 2011 Biden Taps Former Clinton Advisor As New Chief Of StaffVice President Joe Biden announced Friday that he has picked former Clinton administration advisor Bruce Reed to succeed Ron Klain as his Chief of Staff. Reed, who previously served as the Chief Domestic Policy Advisor to President Bill Clinton, most recently worked as the Executive Director of President Barack Obama’s bipartisan deficit commission. Full Article
Jan 14, 2011 Most Think Political Rhetoric Can Drive Unstable People To ViolenceWhile the results of Quinnipiac University poll released Friday showed that a majority of American voters believe that political rhetoric can drive unstable people to commit violence, those surveyed largely did not blame political rhetoric for last weekend's mass shooting in Arizona. The poll showed that 52 percent of voters think that political rhetoric can drive unstable people to commit violence compared to the 41 percent that don't think it can. Seven percent were undecided. Full Article
Jan 14, 2011 Gates: Presence Of U.S. Forces In Japan Critical To Regional SecurityU.S. Defense Secretary Robert Gates on Friday emphasized the importance of the half-century-old U.S.-Japan military alliance and the continued presence of American troops in Japan, stressing that they were essential for maintaining regional security. Addressing students at Keio University in Tokyo on Friday, Gates stressed that the U.S.-Japan alliance has helped in deterring the North Korean regime from making more outrageous military provocations and countering China's increasingly assertive stance. Full Article
Jan 14, 2011 Obama Holds Meeting With Pakistani President ZardariU.S. President Barack Obama met with Pakistani President Asif Ali Zardari on Friday, with the two leaders discussing their countries' shared efforts to fight terrorism and promote regional stability. The White House said that Obama and Zardari specifically discussed the importance of cooperating toward a peaceful and stable outcome in Afghanistan, which shares a border with Pakistan. Full Article
Why Safe Bonds Keep Blowing Up | The Intelligent Investor, by Jason Zweig from The Wall Street Journal
The Intelligent Investor, by Jason Zweig
from The Wall Street Journal
Whenever high-yielding, "safe" bond funds blow up—as happens with regularity—regulators swoop in and declare that the actions they had tolerated were intolerable.
from The Wall Street Journal
Whenever high-yielding, "safe" bond funds blow up—as happens with regularity—regulators swoop in and declare that the actions they had tolerated were intolerable.
Off the Charts
By FLOYD NORRIS
The latest data from the Labor Department shows that more people over 55 are working while fewer people under that age are employed.
By RON LIEBER
Don't believe it when big banks say that new regulations are forcing them to impose checking account fees.
By BEN PROTESS and ERIC DASH
The rosy report kicked off banks' earnings season Friday, paving the wave for the company to restore its dividend.
By STEVEN GREENHOUSE
The National Labor Relations Board said it would sue South Carolina, Arizona, South Dakota and Utah over recent state amendments that the board said conflicted with federal rules.
By PAUL SULLIVAN
Illiquidity, more than risk, is the big reason it's good to have boatloads of money before getting involved in private placement stock deals.
Banks lead S&P 500 to seventh week of gains | Financial & Forex Info News | Reuters - Daily Investor Update
|Banks lead S&P 500 to seventh week of gains|
|NEW YORK (Reuters) - The S&P 500 ended a seventh straight week of gains with a banks-led rally amid healthy volume after encouraging financial results from JPMorgan. | Full Article|
|BP says in talks with Russia's Rosneft|
|January 14, 2011 04:25 PM ET|
|LONDON (Reuters) - BP Plc , recovering from its Gulf of Mexico oil spill, said it is in talks with Russian state-controlled oil company Rosneft about a possible deal, news that sent the British oil company's shares up 3 percent. | Full Article|
|AIG recap deal closes, focus moves to share sale|
|January 14, 2011 03:16 PM ET|
|NEW YORK (Reuters) - The recapitalization of bailed-out insurer American International Group Inc closed on Friday, leaving the government with a 92 percent stake that it plans to sell quickly. | Full Article|
|JPMorgan beats, sets bullish tone for bank earnings|
|January 14, 2011 04:18 PM ET|
|NEW YORK (Reuters) - JPMorgan Chase & Co reported a greater-than-expected 47 percent increase in quarterly earnings and struck an upbeat tone that lifted the shares of major U.S. banks reporting next week. | Full Article|
|Fed officials say not yet time to remove stimulus|
|January 14, 2011 02:47 PM ET|
|RICHMOND, Virginia (Reuters) - The U.S. economy still needs support from the Federal Reserve even if growth prospects appear firmer, top Federal Reserve officials said on Friday. | Full Article|
Attorney argues for GI's release in Wikileaks case | The Washington Post Afternoon Edition | Most Read Articles
Perhaps the idea of revenge came from his sleep deprivation.
So, you've spent your whole life happily smug in your star sign. You're a fish! Swimming in two directions! You're intuitive, imaginative, unworldly! And then today's Web is aflame with the news: You are not a Pisces. You are an Aquarius. Your star sign has been wrong your whole life. All along, ...
House Republican leaders said Thursday that they will begin their effort to repeal the new health-care law next week, a return to normal legislative business after the shootings in Arizona suspended activity on Capitol Hill.
Hi, Carolyn: I am an only child from a pretty conservative family. My parents and I moved to this country almost 20 years ago. I have assimilated to the culture here my parents, however, have retained a lot of the customs from back home. I have been in a relationship with a man I love for two ye...
Hundreds of major donors have abandoned the Republican National Committee, leaving it $20 million in debt and threatening its future as a central player in the 2012 presidential election.
Five years ago, an automated voice on the phone would not have reduced Sondi Moore to tears. But five years ago, she was not behind on her electric bill.
TUCSON - For the second day in a row, mourners in this grieving city streamed toward a pink-walled, green-roofed Catholic church under bright and sunny skies.
HAGERSTOWN, Md. -- The lawyer for a U.S. Army private suspected of passing classified documents to WikiLeaks says he is being held in harsh conditions and should be released.
TUCSON - On the second floor of the intensive-care unit, behind a phalanx of police officers and a shuttered glass door, they sit by her bed all day and night, a rotating circle that includes her husband, her mother and father, her chief of staff, and her rabbi.
The president's staff shakeup is not cosmetic.
Manufacturing and Trade Inventories and Sales Rose | Financial And Forex Info News | Economics & Statistics Administration
New orders for manufactured goods rose 0.7 percent in November 2010, to $423.8 billion. Shipments increased 0.8 percent, to $424.5 billion. Unfilled orders rose 0.6 percent, to $826.9 billion. And inventories increased 0.8 percent, to $543.8 billion.
Stocks May Open Lower After China Raises Reserve Ratio - U.S. Commentary | RTTNews : Morning market Briefing
|Morning Market Briefing||Fri Jan 14 09:02 2011|
Jan 14, 2011 Stocks May Open Lower After China Raises Reserve Ratio - U.S. Commentary Stock futures are pointing to modest losses ahead of the opening bell on Friday, as the markets are digesting China's move to hike its reserve requirement ratio. Mixed readings on consumer prices and retail sales have been shrugged off along with strong quarterly earnings reports from JP Morgan Chase (JPM) and Intel (INTC). Full Article
Jan 14, 2011 U.S. Retail Sales Rose Less Than Expected In December Retail sales in the U.S. showed a moderate increase in the key holiday shopping month of December, according to a report released by the Commerce Department on Friday, with the pace of growth falling short of economist estimates. Full Article
Jan 14, 2011 U.S. Consumer Prices Rose Slightly More Than Expected In December Consumer prices in the U.S. rose by slightly more than expected in the month of December, the Labor Department revealed in a report released on Friday, with the price growth due in large part to a substantial increase in energy prices. Full Article
Jan 14, 2011 Singapore Govt. Announces More Steps To Maintain Property Market Stability The Singapore government announced a slew of measures to cool the property market and encourage financial prudence among property purchasers. Full Article
Jan 14, 2011 Acceleration In British Factory Gate Inflation Continues UK output price inflation increased further in December, reflecting intensifying price pressures in the manufacturing sector. Full Article
Jan 14, 2011 Eurozone Inflation Crosses ECB Target Eurozone annual inflation breached the European Central Bank's target for the first time in more than two years. Full Article
Jan 14, 2011 China Lifts Reserve Requirement Ratio China's central bank on Friday decided to raise banks' reserve requirement after taking such measures six times in 2010 to absorb excess liquidity. Full Article
Jan 14, 2011 JPMorgan Q4 Profit Up 47%Financial services firm JPMorgan Chase & Co. (JPM) Friday reported a 47% increase in fourth-quarter earnings,citing robust performance across most of its businesses that benefiited from “strong client relationships” and “continued investments for growth”. Quarterly net interest income however fell 15% to $12.2 billion owing to lower loan and securities balances. Full Article
Jan 14, 2011 Hasbro says Q4 Revenues to Decline; Reaffirms FY11 ViewToymaker Hasbro Inc. (HAS) Friday said it expects a decline in fourth-quarter and full-year revenues , citing a slowdown in U.S. consumer demand, experienced late in the fourth quarter. However, adjusted earnings for 2010 are expected to grow modestly, giving the company a tenth consecutive year of earnings growth. Hasbro also reaffirmed its fiscal 2011 outlook. Full Article
Jan 14, 2011 Intel Q4 Profit Up 48%; Sees Q1 Revenue Above ViewIntel Corporation (INTC) Thursday reported a 48% increase in fourth-quarter net income from the same period last year, during which the company took a $1.25 billion charge. Adjusted earnings rose 10% and revenues grew 8%, both topping analysts' expectations. The company issued a first-quarter 2011 revenue outlook, which is above the Street view. Full Article
Jan 14, 2011 M&T Bank Corp. Q4 Profit Jumps 49%M&T Bank Corporation (MTB) reported Friday a 49% increase in fourth-quarter profit thanks to a wider net interest margin and and a significantly lower provision for credit losses. Excluding one-time charges, earnings beat the Street view. Full Article
Broker Ratings Changes
Jan 14, 2011 FBR Capital Markets Cuts Walter Energy, Inc. (WLT) To Market Perform From Outperform With $140 Up From $131 Price Target
Jan 14, 2011 FBR Capital Markets Lowers Patriot Coal Corporation (PCX) To Market Perform From Outperform With $27 Up From $21 Price Target
Todays WS Events
Jan 14, 2011 JPMorgan Chase Q4 10 Earnings Conference Call At 9:00 AM ET JPMorgan Chase & Co. (JPM) will host a conference call at 9:00 AM ET, January 14, 2011, to discuss its Q4 10 earnings results. To access the live webcast, log on at www.jpmorganchase.com To hear the live call, dial (866) 541-2724 (US) or (706) 634-7246 (International). A replay of the call can be heard by dialing (800) 642-1687 (US) or (706) 645-9291 (International) with passcode 30922841.
Jan 14, 2011 M&T Bank Q4 10 Earnings Conference Call At 10:30 AM ET M&T Bank Corp. (MTB) will host a conference call at 10:30 AM ET, January 14, 2011, to discuss its Q4 10 earnings results. To access the live webcast, log on at http://ir.mandtbank.com/conference.cfm To hear the live call, dial (877) 780-2276 (US) or (973) 582-2700 (International) with ID # 35785107. A replay of the call can be heard by dialing (800) 642-1687 (US) or (706) 645-9291 (International) with ID # 35785107.
Jan 14, 2011 Oracle Virtualization Overview - Financial Analyst Webcast At 11:30 AM ET Oracle Corp. (ORCL) will host an "Executive Access for Investors" The event is scheduled to begin at 11:30 AM ET on January 14, 2011. To access the live webcast, log on at www.oracle.com/investor
retail sales grew 6.6 percent after falling 6.5 percent in 2009 | Financial & Forex Info News | Economic And Statistics Administration
FINANCIAL & FOREX INFO NEWS
Retail sales in December 2010 rose 0.6 percent from the prior month and 7.9 percent from the prior year, to $380.9 billion. For 2010 overall, retail sales grew 6.6 percent after falling 6.5 percent in 2009. Excluding automobiles, retail sales in December 2010 rose 0.5 percent from November and increased 6.7 percent from December 2009. For 2010 overall, retail sales excluding automobiles grew 5.9 percent after falling 5.2 percent in 2009.
Financial & Forex Info News
From: Reuters - Before The Bell
From: Reuters - Before The Bell
|Stock futures fall|
|NEW YORK (Reuters) - U.S. stock index futures were lower on Friday despite strong quarterly results from JPMorgan Chase as the Dow Industrials and S&P 500 looked to close out a seventh week of gains. | Full Article|
|JPMorgan profit beats, helped by reserve release|
|January 14, 2011 07:39 AM ET|
|NEW YORK (Reuters) - JPMorgan Chase & Co reported higher-than-expected quarterly earnings, helped by narrowing losses on bad loans that allowed it to release $2 billion in reserves. | Full Article|
|Chip sector jumps on strong Intel report and outlook|
|January 14, 2011 05:59 AM ET|
|HELSINKI/LONDON (Reuters) - Shares in semiconductor companies jumped on Friday in Europe and Japan after strong earnings report from sector bellwether Intel, the world's largest chipmaker, defied a slowdown in PC sales. | Full Article|
|Volcker rule tests new systemic risk council|
|January 14, 2011 07:17 AM ET|
|WASHINGTON (Reuters) - The new council of U.S. regulators will face a major test on Tuesday when it unveils recommendations on how to enforce one of the most recognizable if inscrutable aspects of the six-month-old Wall Street reform law: the Volcker rule. | Full Article|
|Sanofi hopes to win Genzyme for $76/share: report|
|January 14, 2011 05:30 AM ET|
|PARIS (Reuters) - French drugmaker Sanofi-Aventis hopes to reach a takeover deal that would value U.S. target Genzyme at around $76 per share, or some $20 billion, the French daily newspaper Le Figaro said on Friday. | Full Article|
J.P. Morgan Chase's growth in quarterly net 47%; CEO Dimon notes broad-based improvement. | MarketWatch - Bulletin
By Steve Gelsi
JPMNEW YORK (MarketWatch) -- J.P. Morgan Chase & Co. /quotes/comstock/13*!jpm/quotes/nls/jpm (JPM 44.35, -0.10, -0.23%) said Friday its fourth-quarter profit rose 47% to $4.8 billion, or $1.12 a share, from $3.3 billion, or 74 cents a share, in the year-ago period.
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