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Dow closes below 10,000 for first time in 3 months (AP)
AP - The Dow Jones industrial average closed below 10,000 for the first time in three months Monday on nagging concerns about debt loads in Europe.
Judge promises to rule on SEC, BofA settlement (AP)
AP - A judge promised Monday to decide by the end of next week whether to approve a $150 million settlement between the Securities and Exchange Commission and Bank of America over civil charges alleging the bank misled shareholders when it acquired Merrill Lynch.
Electronic Arts shares slide on weak outlook (AP)
AP - Electronic Arts Inc. narrowed its net loss in the last quarter but video game sales declined, and a disappointing outlook for the company sent its shares down sharply Monday.
Transformers drive Hasbro 4Q profit increase (AP)
AP - Strength in its boys' brands like Transformers and Nerf, along with its core game brands including Scrabble and Monopoly, should boost Hasbro's results in 2010, the company said Monday.

Dow briefly pushes past 10,000 barrier

Surprisingly strong earnings reports from Intel Corp. and JPMorgan Chase & Co. are sending stocks sharply higher. The Dow passed 10,000 for the first time in more than a year.


JPMorgan's third-quarter profit surges

While JPMorgan reported a $3.59 billion profit, it also says it roughly doubled the amount of money it set aside for failed home and credit card loans in the quarter.


Watchdog: Treasury, Fed failed to rein in AIG

Treasury Secretary Timothy Geithner is "ultimately responsible" for regulators failing to rein in massive bonus payments at AIG because he led the agencies that provided AIG's lifelines.


Dow Closes Below 10,000 for First Time Since Nov. 4

" align="right">The Dow Jones industrial average dipped below the 10,000 threshold as investors sought to overcome fears of a faltering global recovery.

In Toyota Mess, a Lesson for Japan

" align="right">Economists said that Toyota?s troubles show that economic change is urgently needed in Japan.

After Buying Spree, China Owns Stakes in Top U.S. Firms

" align="right">China?s $300 billion investment fund now owns stock in some of America?s best-known brands, including Apple, Coca-Cola, and Motorola.

10th Person in Galleon Insider Case Pleads Guilty

" align="right">A former executive of Intel became the 10th person to plead guilty in the Galleon Group insider trading case after admitting in court on Monday afternoon that he had passed confidential corporate information to Galleon's founder, Raj Rajaratnam.

SAP Ushers Out Chief as It Repairs Customer Relations

" align="right">SAP, the German software maker, said Monday that it would focus on restoring its damaged customer relationships after a surprise management shake-up that cost the chief executive his job.

Corporate Headlines

Boeing Flies New 747 Model

Bank Reforms Would Put Pressure on Goldman

Honda Warns of Toyota Fallout

Google to Make Gmail 'Social'

UPS to Furlough at Least 300 Pilots

Latest Corporate News

Dow closes below 10,000 for first time in 3 months

Anthem Blue Cross asked to justify controversial rate hikes

Two L.A. firms agree to settle claims linked to 'pay-to-play' pension scandal

When healthcare coverage is insurance in name only

California cracks down on discount health plans

   

Business/Money

How to Succeed in the Age of Going Solo

Prosecutor, Charge Thyself

Canada Fears Housing Bubble

What Exactly Is 'Cloud Computing'?

Protecting Yourself From the Deficit

Wall Street News

Economic Calendar With Volatility Expectations

Japanese Candlestick Patterns - Bearish Thrusting

Economic Calendar With Volatility Expectations

Japanese Candlestick Patterns - Bearish On Neck and Bearish In Neck

Economic Calendar With Volatility

   

Other Corporate Headlines

Toyota to recall 300,000 Priuses

Boeing's largest plane takes to skies

JAL, American to remain partners

Why breaking up Moto may be hard

Atty. Gen. sues over reverse mortgages

More Corporate Headlines

How to pick 2020's hot stocks now

Can China save the global economy?

What if consumer demand is dead?

 

EXPRESSIONS

Rev. Tell It Like It Is
Brothers and Sisters......God is not counting your tithes and offerings....God is counting the love in your heart....the more love you have in you, the more God you have in you....because God is Love!


Special Edition



  BLACK ONLINE NEWS NETWORK VIDEO
  BENJAMIN'S NEWS
One debit card overdraft can trigger an avalanche

Many banks rack up fees by counting biggest transactions first and enrolling customers in overdraft programs without their knowledge or consent Things have been tight for Trina Lee, an Arizona-based nursing assistant, since she got laid off two years ago and suffered some medical problems that have kept her from working full time.


When a HELOC is used for a business

A couple wonders if interest on a HELOC is tax-deductible if the loan is used for an LLC.


Cure Your Holiday Hangover (The Motley Fool)

The Motley Fool - Went a little overboard during the holidays? Let's waste no time lamenting our overindulgences -- it's time to get those finances back in tip-top form.

Stock up on staples for pennies

This month's Frugal Sense winner spends mere pennies to stock up on staples like toothpaste.

Can China save the global economy?

Optimists are counting on the growing Chinese consumer class to spend the world back to prosperity. But a new study suggests that won't be so easy.

Leaving your job? Don't forget your 401(k)

Question: I'm in my 30's and have a 401(k) from a previous job, 75% of which is invested in a variety of stock portfolios. Although my stock holdings have recovered a bit recently, I'm still down about ,000 from my peak balance. I'm planning to roll over this old 401(k) into either the 401(k) at my new job or into an IRA account, but I'm wondering whether I should do the rollover now while stocks are still cheap or wait until the market has recovered and then do it. What do think? --Todd Gerecke, Lynden, Washington

  Top Stories

- DNA evidence exonerates NY man of 1976 rape

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- 'Precious' And 'Princess' Land Multiple Oscar Nominations

- Fantasia: Opening Up to Oprah Winfrey

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- A Lasting Gift to Medicine That Wasn’t Really a Gift

- Among black girls, challenges of fighting obesity go beyond diet

- Civil rights icon Joseph Lowery hospitalized

- WATCH: Rare Disease Makes 13-Year-Old Girl Look Middle-Aged

- Beyonce Sets Grammy Record With Six Awards, Swift Wins Album Of The Year

- Swedish rapper found guilty of second-degree murder in road rage incident

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- Alicia Keys Buys Lenny Kravitz's Loft For .5M

- Arenas to be suspended for remainder of season (updated)

- NBA player Greg Oden apologizes for nude photos

- Caldwell becomes fourth consecutive African American Super Bowl coach

- Black Babies, Boys Less Likely to Be Adopted

- Owner of 22 Midas auto repair shops settles fraud allegations

- Apple's rumored tablet may write next chapter in publishing

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- Gary Coleman jailed for failing to appear in court

- Obama to announce aid for middle class

- A stirring send-off for Pendergrass

- African American Men Encouraged to Fill Out Census Form

- Lamar Odom credits cockiness for Lakers' success

- KFC pulls Australian ad over US racism complaints

- Usher burned by thieves: M in jewels, clothes stolen from star's SUV

- Teddy Pendergrass II shares memories of his father

- The Smithsonian Accepts Emmett Till's Casket

- Mo'Nique wins Screen Actor's Guild Award for role in 'Precious'

- Stars unite to help Haiti in telethon

  PRESS RELEASES THE WIRE
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