JPMorgan Chase and Co
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British regulators fined JPMorgan Chase $4.7 million on Thursday for failings in its wealth management division.
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*Dell up after report it is in talks to go private. NEW YORK, Jan 14- The S&P 500 and Nasdaq edged lower on Monday as concerns about demand for Apple products sent shares of the tech heavyweight lower and investors braced for earnings disappointments.
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Apple lost 3.2 percent to $503.60 as the biggest weight on both the S&P 500 and Nasdaq 100 indexes after reports that the tech company has cut orders for LCD screens and other parts for the iPhone 5 this quarter due to weak demand.
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Goldman Sachs expects credit card stocks to "see further outperformance" in 2013. TheStreet.com reports.
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NEW YORK, Jan 14- Wall Street slipped on Monday, weighed down by shares of Apple in the face of demand concerns, while investors faced a busy week for earnings in what is expected to be a lackluster quarter.
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It was the biggest drag on the S&P 500 and Nasdaq composite indexes. "They've had great growth, but the growth is going to slow because we have some formidable competitors we didn't have when the iPhone first came out," said Alan Lancz, president at Alan B. Lancz& Associates Inc in Toledo, Ohio.
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Apple supplier Cirrus Logic tumbled 4.8 percent to $30.05, while Qualcomm lost 1.6 percent to $63.88. The S&P 500 and Dow were poised to open only modestly lower, but the Nasdaq looked set to fare worse as Apple weighed.
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U.S. stock index futures were lower Monday ahead of a busy week of earnings reports and as Apple shares were hit by demand worries.
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*Transocean rises as Icahn acquires stake. Earnings season picks up the pace this week with reports expected from companies including Goldman Sachs, Bank of America, Intel and General Electric. Thirty-eight S&P 500 companies are due to report results this week.
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Swiss luxury firm Swatch Group added 3.7 percent, buoyed by news it is buying the luxury jewellery arm of Canada's Harry Winston in a $750 million cash deal to expand into high-end bracelets, rings and necklaces.
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JPMorgan Chase may release on Wednesday additional results of internal probes into its $6.2 billion "London Whale" trading loss that could lead to a lower bonus for CEO Jamie Dimon, according to published reports.
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LONDON, Jan 14- European shares were flat on Monday, with French energy firm EDF the top gainer after it reached a deal with the government over a tax levy shortfall. Corporate earnings season would likely remain the main driver of market sentiment, Craig Erlam, market strategist at Alpari, said.
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NEW YORK, Jan 13- After more than a month of watching Capitol Hill and Pennsylvania Avenue, Wall Street can get back to what it knows best: Wall Street. The S&P 500 on Friday closed its second straight week of gains, leaving it just fractionally off a five-year closing high hit on Thursday.
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Paychecks across the country have shrunk over the last week due to higher federal tax rates, and workers are already cutting back on spending, which will drag on the economy this year.
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Banks are valued below historical norms and the worst of the new financial regulations are already done, and that has one banking analyst upbeat about bank stocks.
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*Payroll tax hike could suck $125 billion from households. WASHINGTON, Jan 12- Americans are beginning to feel the pinch from Washington's decision to embrace austerity measures aimed at bringing down the nation's budget deficit.
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With stocks at a five-year high, bulls will be watching to see if they get encouraging reports from CEOs this earnings season -- or news that will bring out the bears.
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BOSTON, Jan 11- Fidelity Investments, Federated Investors Inc and Charles Schwab Corp on Friday joined a growing list of top U.S. money market fund managers in agreeing to post daily fund asset values, as the industry comes under growing pressure from regulators for more transparency.
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Stocks finished largely unchanged in lackluster trading Friday as investors remained on the sidelines ahead of next week's flurry of earnings reports, but still pulled off their second-straight weekly gain.
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*Wells Fargo net interest margin drops, shares slip. "It's a market that is waiting for more of a catalyst from earnings," said Quincy Krosby, market strategist at Prudential Financial in Newark, New Jersey. The S&P 500 has gained 5 percent over the last two weeks to take the benchmark to five-year highs.
