Most Popular Stories

*Bank of America, Citigroup shares fall after results. NEW YORK, Jan 17- Wall Street rose on Thursday, with the S&P 500 hitting a five-year intraday high, as investors were cheered by rosy economic data and better-than-expected results from online marketplace eBay.

*Tom Albanese sacked with no pay-off. LONDON, Jan 17- Rio Tinto sacked chief executive Tom Albanese on Thursday and revealed a $14 billion writedown in connection with his two most significant acquisitions, the Alcan aluminium group and Mozambican coal. Doug Ritchie, who led the acquisition of Mozambique- focused miner Riversdale, was also shown the door.

Jan 16- The risk controls may have changed but many of the preconditions for JP Morgan's epic speculative loss remain- for all too-big-to-fail banks. JPM on Wednesday released both its fourth-quarter earnings and a 129- page report into the details of its $6.2 billion loss in its London- based Chief Investment Office.

TOKYO, Jan 17- Japan Airlines Co Ltd will cancel eight flights from Jan. 19 to 25 on its Tokyo to San Diego route after the grounding of all Boeing 787 flights, affecting 1,290 passengers, the airline said on Thursday.

Jan 16- AMR Corp, the parent company of American Airlines, reported a fourth-quarter profit Wednesday following a year-earlier loss and said cost-cutting measures undertaken during restructuring would buoy earnings in future.

*KPN, Everything Everywhere on AT&T's radar- WSJ. AMSTERDAM, Jan 17- U.S. telecoms group AT&T is looking at an acquisition in Europe, possibly of Dutch peer KPN or the UK's Everything Everywhere, to offset weak growth at home, the Wall Street Journal reported.

*Bank of America, Citigroup shares fall after results. NEW YORK, Jan 17- Wall Street was set to open higher on Thursday after better-than-expected results from online marketplace eBay and as data showed first-time claims for unemployment benefits dropped to a five-year low.

*NYSE CEO: Euronext may be spun off in IPO, but not sold. NEW YORK, Jan 16- Euronext, the operator of the Paris, Amsterdam, Brussels and Lisbon stock exchanges, may be spun off in an initial public offering, but it is not up for sale, the chief executive of NYSE Euronext said on Wednesday.

*Dell stock up 1.7 percent at $12.82. Jan 17- Singapore state investor Temasek Holdings Pte Ltd is not interested in investing in Dell Inc as part of a consortium led by private equity firm Silver Lake Partners, a source with knowledge of the matter said.

LONDON, Jan 17- Tycoons are shunning banks and wealth managers, preferring to put a flood of money from selling stakes in companies into property and new ventures rather than trust industries whose reputations have been battered by the global financial crisis.

NEW YORK, Jan 17- Citigroup Inc posted $2.32 billion of charges for layoffs and lawsuits in the bank's first financial report under its new chief executive, Michael Corbat. Net income was $1.2 billion, or 38 cents a share, compared with $956 million, or 31 cents a share, in same quarter of 2011..

NEW YORK, Jan 17- Citigroup Inc posted $2.32 billion of charges for layoffs and lawsuits in its first financial report under its new chief executive, Michael Corbat, who cautioned that the bank needs more time to deal with the problems it faces.

*Solid earnings from Goldman Sachs and JPMorgan Chase on Wednesday helped lift estimates for S&P 500 corporate earnings slightly to a 2.2 percent gain, Thomson Reuters data showed. *Shares of Boeing extended a recent slump after the United States and other countries grounded the new 787 Dreamliner following a second incident involving battery failure.

Jan 17- Bank of America Corp on Thursday reported its fourth-quarter profit fell from a year ago as it took more charges to clean up mortgage-related problems stemming from the financial crisis. The second largest U.S. bank earned $700 million, or 3 cents a share, in the quarter, compared with a profit of $2 billion, or 15 cents per share, in the same period a year ago.

NEW YORK, Jan 17- U.S. stock index futures edged up on Thursday, helped by better-than-expected results from online marketplace eBay, ahead of a busy day of corporate earnings and economic data. EBay's shares rose 3.2 percent to $54.60 in premarket trading, a day after it reported holiday quarter results that just beat Wall Street expectations.

SAN FRANCISCO, Jan 16- Acting as a tax collector may have hurt Amazon.com, Inc's holiday sales analysts and industry executives said, but they expect to know more when the internet retailer reports its fourth-quarter results on Jan. 29.

Jan 17- Bank of America Corp on Thursday reported its fourth-quarter profit fell from a year ago as it took more charges to clean up mortgage-related problems stemming from the financial crisis.

WASHINGTON, Jan 16- U.S. regulators grounded Boeing Co's 787 Dreamliner passenger jet on Wednesday, saying a recent series of safety incidents meant urgent action was needed. The U.S. Federal Aviation Administration said it would require airlines to demonstrate that the plane's cutting-edge batteries were safe before allowing further flights.

DETROIT, Jan 16- General Motors Co will invest $1.5 billion in its North American plants this year, a senior executive said on Wednesday, adding the automaker's next-generation Chevrolet Volt plug-in hybrid could cost thousands of dollars less per car to build.