Business Today: Intel, JP Morgan results lift stock futures

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Good Morning Bit, 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 Election fears of UK's financiers Business Update: Yuan in spotlight Breaking away from Wall Street 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. Full Article 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. Full Article 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. Full Article 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. Full Article 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. Full Article 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. Full Article 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. Full Article 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. Full Article 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. Full Article 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. Full Article

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