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Top News & Analysis United States

  • *Germany gives no ground on question of Greece. TOKYO, Oct 12- Germany held firm on Friday in insisting it was too soon to say Greece deserved more time to meet its budget-cutting goals even as the head of the IMF laid out the case for leniency.

  • *JP Morgan climbs after earnings, Wells Fargo due. NEW YORK, Oct 12- U.S. stock index futures were higher on Friday, indicating the S&P 500 may crimp its worst weekly decline since early June, after robust earnings from JP Morgan and ahead of data on consumer confidence and inflation.

  • LOS ANGELES, Oct 12- The retired space shuttle Endeavour set off on Friday for a road trip unlike any of its previous journeys, one in which it will crawl through the streets of Los Angeles instead of hurtling through space.

  • NEW YORK, Oct 12- Wells Fargo& Co:.

  • *JP Morgan climbs after earnings, Wells Fargo due. NEW YORK, Oct 12- U.S. stock index futures were higher on Friday, indicating the S&P 500 may crimp its worst weekly decline, after robust earnings from JP Morgan and ahead of data on consumer confidence and inflation.

  • SAN FRANCISCO-- IBM Corp.' s third-quarter results are expected to extend the technology company's nearly decade-long streak of earnings growth. That provides IBM with some insulation from the economic uncertainty that has made it tougher for other technology companies to close deals, particularly in Europe and in China, in recent months.

  • SINGAPORE, Oct 12- The Asian naphtha price and margins ended the week at a three-session low of $985 a tonne and $123.03 a tonne respectively to mirror the fall in European values as gasoline demand softened. "The fall in margins today was a reflection of the gasoline market in Europe," said a Singapore- based trader.

  • DENVER-- Forest Oil is selling all of its South Louisiana properties for about $220 million as part of its plan to shed some non-core assets. Forest Oil Corp. previously announced that it is selling its East Texas natural gas gathering assets for $34 million. The Eagle Ford shale formation stretches from the western Texas- Mexico border to Louisiana.

  • *Turkey- Syria tensions, lower N.Sea output support. LONDON, Oct 12- Oil fell below $115 a barrel on Friday, as a prediction of a further decline in oil consumption and higher supplies offset concerns about potential output disruptions in the Middle East.

  • NEW YORK, Oct 12- Advanced Micro Devices Inc:.

  • NEW YORK-- JPMorgan Chase, the country's biggest bank, reported a record quarterly profit Friday, helped by a surge in mortgage refinancing. It worked out to $1.40 per share, blowing away the $1.21 predicted by analysts polled by FactSet, a provider of financial data. Revenue rose 6 percent to $25.9 billion, beating expectations of $24.4 billion.

  • NEW YORK, Oct 12- Bank of America Corp:.

  • NEW YORK, Oct 12- JPMorgan Chase& Co:.

  • NEW YORK, Oct 12- JPMorgan Chase& Co:.

  • HOFFMAN ESTATES, Ill.-- Sears Holdings has completed the spinoff of its Hometown and Outlet stores. Sears Holdings Corp. received $446.5 million in gross proceeds. Sears Holdings, which also runs Kmart, said Thursday that Sears Hometown is expected to start trading on the Nasdaq on Friday under the "SHOS" ticker symbol.

  • *Says market has slowed in the United States. COPENHAGEN, Oct 12- Danish wind turbine maker Vestas said the impending expiry of a U.S. tax credit had exacerbated a fall in orders for next year, forcing it to make more than 800 job cuts in the United States and Canada so far this year.

  • WASHINGTON-- The end of the 2012 federal budget year is expected to produce the fourth straight annual deficit above $1 trillion. The Congressional Budget Office has estimated that the deficit totaled $1.1 trillion for the 12 months that ended Sept. 30.

  • TRENTON, N.J.-- Johnson& Johnson will likely discuss the health of its prescription-drug business and progress on its manufacturing problems when it reports third-quarter results before the stock market opens Tuesday.

  • TOKYO, Oct 12- Softbank Corp chief Masayoshi Son told reporters last week he decided to buy a smaller rival for $1.84 billion on an impulse- small change for someone who Forbes estimates lost $18 billion in the dotcom bust, but an unusual move in staid Japan.

  • NEW YORK-- Workday has raised $637 million from its initial public offering of approximately 22.8 million shares. The company, which provides remote storage applications for human resources and finance, said Friday that it priced the IPO at $28 per share, which is above the projected range of $24 to $26 a piece.