Roundup of world financial, banking and stock market news.

Friday, 15 January 2010

US STOCKS-JPMorgan, consumer sentiment batter market


WRAPUP 5-U.S. inflation tame, industrial output rises


US STOCKS-Wall St stumbles on JPMorgan, economic data


Kraft s Rosenfeld seen raising Cadbury bid


GLOBAL MARKETS-JPMorgan results hurt stocks; dollar gains


GOP, Dems in "Death Embrace": U.S. Budget "About to Go Off a Cliff," Cal Prof Says


Raise taxes or cut spending?�� Washington must take action on both fronts to curb U.S. debt or run the risk of a dollar crisis, according to a report by the Committee on the Fiscal Future of the United States, a panel of bipartisan experts. ...

JPMorgan Earnings Blow Past Expectations, Revenue Looks Light, Consumer Lending Still Very Ugly


From The Business Insider, Jan. 15, 2010:And they're out.
EPS of $.74 per share blew past estimates of $.61 per share. But revenue of $25.2 billion may be a bit light.
Analysts had been looking for $26.8 billion.
The

"Shocking ... Unbelievable": Wall Street to Pay Record $145B in Bonuses, WSJ Says


Undeterred by the rising anger on Main Street and the populist backlash in Washington D.C., Wall Street firms are poised to pay record bonuses for 2009.Financial firms are on track to pay over $145 billion in bonuses for 2009, according to estimates from

Banks Still Coping With Credit Crisis "Hangover," WSJ's Craig Says


JPMorgan Chase kicked off bank earnings season Friday with a loud thud. Quarterly profit quadrupled to $3.3 billion but revenue was worse than expected thanks to rising consumer credit costs."The devil was in the details," says Wall Street Journ

Bonuses "Nightmare" for Washington: Can Big Shareholders Save the Day?


With foreclosures rising and unemployment at 10%, it's no surprise America is in the grips of "bonus bonanza backlash."As Wall Street prepares to announce what could be