Business Today: Intel, JP Morgan results lift stock futures

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Good Morning Robert, WED 14 Apr 2010 
 
Intel, JP Morgan results lift stock futures
JPMorgan investment bank powers Q1 profit rise
Intel's knock-out Q2 props up tech sector hopes
Treasury seeks to protect federal benefits: report
BofA names outsider Charles Noski as CFO
Daimler keeps 2010 earnings, dividend outlook
AIG unit raises $2 billion in aircraft sale to Macquarie
Legal threat, ambiguity cloud Greek aid deal
Wall Street-backed Chinese dairy firm collapses
Morgan Stanley fund may lose $5.4 billion: report


Intel, JP Morgan results lift stock futures
April 14, 2010 08:26 AM ET
NEW YORK (Reuters) - U.S. stock index futures rose on Wednesday, boosted by Intel Corp after the technology bellwether posted better-than-expected quarterly results and forecast revenue above estimates.

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JPMorgan investment bank powers Q1 profit rise
April 14, 2010 08:07 AM ET
NEW YORK (Reuters) - JPMorgan Chase & Co's first-quarter profit topped Wall Street expectations, as revenue from its investment bank overshadowed losses on consumer loans.

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Intel's knock-out Q2 props up tech sector hopes
April 14, 2010 12:24 AM ET
SAN FRANCISCO (Reuters) - Intel Corp's sales and margin forecasts trounced Wall Street expectations, reinforcing hopes for an acceleration in the tech sector's recovery and boosting the chip maker's stock 4 percent.

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Treasury seeks to protect federal benefits: report
April 14, 2010 05:21 AM ET
(Reuters) - The Treasury department will release new rules on Wednesday that would prevent banks from seizing a borrower's social security to recover unpaid debt, the Wall Street Journal said.

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BofA names outsider Charles Noski as CFO
April 14, 2010 07:57 AM ET
NEW YORK (Reuters) - Bank of America Corp named outsider Charles Noski its next chief financial officer, filling a key position that has been vacant for months, the Charlotte, North Carolina, bank said on Wednesday.

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Daimler keeps 2010 earnings, dividend outlook
April 14, 2010 02:59 AM ET
BERLIN (Reuters) - German carmaker Daimler reaffirmed it would earn more than 2.3 billion euros ($3.14 billion) of operating profit this year, with all divisions returning to the black, allowing it to pay a dividend again.

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AIG unit raises $2 billion in aircraft sale to Macquarie
April 14, 2010 04:15 AM ET
SYDNEY (Reuters) - The aircraft leasing unit of bailed-out insurer American International Group has agreed to sell 53 passenger jets to Australia's Macquarie Group to raise a much-needed $2 billion in cash.

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Legal threat, ambiguity cloud Greek aid deal
April 14, 2010 08:00 AM ET
ATHENS/BERLIN (Reuters) - Investor doubts, a German legal threat and persistent confusion over the terms of aid perforated Greece's euro zone parachute Wednesday, pushing borrowing costs up.

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Wall Street-backed Chinese dairy firm collapses
April 14, 2010 03:31 AM ET
HONG KONG (Reuters) - Chinese dairy products maker Taizinai, which counts Goldman Sachs and Morgan Stanley among its investors and Citigroup among its lenders, has collapsed, leaving around 3 billion yuan ($440 million) in unpaid debt, sources familiar with the matter said on Wednesday.

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Morgan Stanley fund may lose $5.4 billion: report
April 13, 2010 08:40 PM ET
NEW YORK (Reuters) - Morgan Stanley has told investors that its $8.8 billion real-estate fund may lose nearly two-thirds of its money due to bad investments, according to The Wall Street Journal, which reviewed fund documents.

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