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Outlook better for some regional banks

Some banking analysts are bullish on U.S. regional banks as they expect fourth-quarter results to bring improved earnings per share and capital-ratio visibility, Barron's reported on Sunday.

Daily Forecast - 18/1/2010

The Aussie dollar fell below the 93 cent handle in Asia on Friday to enter offshore trade around 0.9275 ahead of key European and U.S economic data releases.

Spyker CEO denies joint Genii bid for Saab

Dutch sports car maker Spyker denied on Sunday it had plans to jointly bid for General Motors' Saab with Luxembourg investment firm Genii Capital.

New emails show AIG mulled bank payment disclosures

The New York Federal Reserve Bank actively worked with bailed out insurer AIG to build a case against disclosing details of AIG's payments to banks just days after the insurer considered making them public, documents released late on Saturday showed.

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Saudi shareholder says supporting Citi's CEO

Prince Alwaleed bin Talal, a prominent Saudi investor in Citigroup , on Sunday re-affirmed his support for the bank's chief executive, Vikram Pandit, who he has said faces a make-or-break year.

Yahoo pulled into Google fracas, Alibaba reacts

Yahoo got pulled into a growing row between China and Google on Saturday, as its Chinese partner slammed Yahoo's statements supporting Google while a source revealed the search giant had stayed silent about cyber-attacks.

Citadel top investment banking exec leaves

The top executive of Citadel Investment Group's investment banking unit has left the firm, a company spokeswoman confirmed on Saturday.

Hilco CEO Salter to leave company

Jamie Salter, chief executive of private equity firm Hilco Consumer Capital, is resigning from the company, Hilco said in a news release.

Obama chides banks' audacity for fighting fee

President Barack Obama on Saturday slammed Wall Street's audacity for fighting a bailout fee he wants to slap on financial firms and said his Republican opponents had sided with big banks.

Alibaba slams Yahoo's statement on Google

China's largest e-commerce firm Alibaba Group, in which Yahoo Inc owns a 40 percent stake, has called the search giant's comments on Google reckless.

China's Alibaba: Yahoo statement on Google reckless

China's largest e-commerce group Alibaba Group, in which Yahoo Inc owns a 40 percent stake, has called the search giant's comments on Google reckless.

Cadbury investors look for higher Kraft bid

Some of Cadbury's biggest shareholders, led by Legal & General, continued to reject Kraft Foods' 10.5 billion pound ($17.2 billion) bid and will look for an increased offer over the next four days.

Yahoo knew of attacks before Google, kept mum

Yahoo Inc knew it had been a target to sophisticated Chinese cyber attacks on U.S. corporations before Google alerted the company to them, a source familiar with the matter said, but chose to remain silent after its bigger rival went public.

MGM bid deadline passes, most bids yet to come

First-round bids for the debt-ridden MGM studio were due Friday afternoon, but most of the bids are expected to trickle in through the weekend, sources familiar with the matter said.

Verizon Speeds Up text-message donations to Haiti

Verizon Wireless said Friday it was speeding up the text-message donations for victims of the Haiti earthquake, making sure the money will be transmitted as much faster than usual.

U.S. texting raises $11 million for Haiti

Cellphone users in the United States have contributed more than $11 million to Haitian earthquake relief through text messages in what is being hailed as an unprecedented mobile response to a natural disaster.

S&P 500 lower for the week on renewed economic concerns

Despite better than expected JPMorgan earnings, the S&P 500 index dropped 12.43 points, or -1.08%, to trade at 1136.03 after weak economic data on the retail sector.

Yahoo had talks with Google about China attacks

Yahoo Inc was among the companies targeted by recent Chinese cyber attacks and had conversations with Google Inc about the attacks prior to Google's announcement this week, according to a person familiar with the matter.

Intel earnings good for sector despite selloff

Stellar results from Intel Corp could signal brighter tech earnings results in coming weeks, but analysts warn stocks themselves may be stuck in a short-term correction.

Obama's bank tax may complicate Fed's exit strategy

President Barack Obama's proposal to charge big banks a fee to repay a taxpayer bailout for the financial system may create incentives that result in funding concerns for banks, according to one expert.

Credit card charge-offs slip at most U.S. companies

U.S. credit card data for December showed some signs that fewer consumers were falling seriously behind in their payments.

JPMorgan loan losses overshadow higher Q4 profit

JPMorgan Chase & Co reported deep losses on mortgage and credit card loans in the fourth quarter, damping hopes that consumer credit is on the mend.

Wall St sets bar higher for IBM in 2010 after rally

IBM's quarterly results should show a solid recovery in technology spending, but investors will likely want reassurance of stronger growth in 2010 before pushing its stock price much higher.

CORRECTED: JPMorgan loan losses overshadow higher Q4 profit

Google, Verizon join forces on FCC 'Net Neutrality'

Google Inc. and Verizon Communications Inc. said on late Thursday they support minimal internet regulation and reasonable network management over the Federal Communications Commission's (FCC) proposed net neutrality rules.

Recent stock rally outpaces consumer gains

As U.S. stocks have risen in value since November, various measures of retail and consumer activity during the period are lagging.

U.S. inflation tame, industrial output rises

U.S. consumer prices rose modestly last month, while industrial output rose on a cold snap, suggesting the economy was growing but not generating a level of inflation that would spur the Federal Reserve to roll back from its stimulative policies.

Wall St stumbles on JPMorgan, economic data

U.S. stocks slid on Friday after JPMorgan Chase & Co reported deep fourth-quarter loan losses and raised concerns about bank profits.

U.S. texting raises $10 million and counting for Haiti

Cellphone users in the United States have contributed more than $10 million to Haitian earthquake relief through text messages in what is being hailed as an unprecedented mobile response to a natural disaster.

Google, Verizon file joint Internet remarks with FCC

Google Inc and Verizon Communications Inc said they support minimal Internet regulation and reasonable network management as regulators weigh open Internet rules.

JPMorgan, consumer sentiment batter market

U.S. stocks slid from 15-month highs on Friday after JPMorgan Chase & Co reported deep fourth-quarter loan losses that raised concerns about earnings for the banking industry.

Leap close to hiring bank for strategic options: report

Shares of Leap Wireless International Inc jumped 9 percent after a report on DealReporter.com said the low-cost wireless carrier appeared close to a deal with investment banks to explore strategic options.

Juniper confirms cyber attack after Google case

Juniper Networks Inc said on Friday it was one of the victims of a cyber attack in China first brought to light by Google Inc, which has threatened to quit the country.

P&G floats selling products on its own website

Procter & Gamble Co plans to introduce its own website this month to sell goods directly to consumers and to work on improving its relationships with established online retailers such as Wal-Mart Stores Inc and Amazon.com Inc.

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