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The average person may find it hard to imagine what big company CEOs do to justify their massive pay packages. Shareholders often ask a similar question: Why pay executives so much when the returns they produce are often so modest? But that's a question that doesn't apply to JPMorgan Chase CEO Jamie Dimon.
Yahoo may be considering selling off its stake in joint venture with Japanese Internet giant Softbank. What would it do with the $8 billion?
Better-than-expected earnings from General Electric helped lift the Dow and S&P 500. The Nasdaq closed lower after disappointing results from chipmaker Advanced Micro Devices. Overall, the week's strong earnings bode well for coming corporate reports.
The General Motors IPO is now the largest ever, following the expansion of the offering by the underwriters.
The world's biggest brokerage posted a third-quarter net loss, hurt by special charges and declines in sales and trading activity in a low-volume market. On an adjusted basis, Morgan missed Wall Street's forecast.
Morgan Stanley is expected to report sharp declines in third-quarter earnings and revenue ahead of Wednesday's opening bell, hurt by months of weak trading activity. The financial giant is forecast to post earnings of 15 cents a share, less than half the 38 cents a share booked a year ago.
The firm will use screening tools to detect common swear words and acronyms, joining several others, such as Morgan Stanley and JPMorgan Chase, that already have such rules about keeping email clean.
A new report from pay czar Kenneth Feinberg looks at compensation practices at 17 banks that received federal bailouts, and it's not a pretty picture: The banks made an estimated $1.6 billion in "ill-advised" payments.
Morgan Stanley is expected to swing back to profitability in the second quarter when it releases results ahead of Wednesday's opening bell, but like other Wall Street giants, its revenues from trading likely swooned in spring and early summer.

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BAC
Bank of America Corp
8.07-0.11
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254.23M
ALU
Alcatel-Lucent (ADR)
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122.18M
GE
General Electric Company
18.88-0.26
-1.33%
109.55M
F
Ford
12.44-0.25
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52.49M

% Gainers

CIE
Cobalt International Energy
31.68 +7.78
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18.42M
LNKD
LinkedIn Corp.
89.96 +13.57
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13.27M
ALU
Alcatel-Lucent (ADR)
2.19 +0.25
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122.18M
WNS
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10.50 +1.10
+11.70%
3.07M

% Losers

NBG-A
National Bank of Greece SA (ADR)
5.72-1.03
-15.26%
188,505
OSG
Overseas Shipholding Group, Inc.
10.18-1.65
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1.88M
AB
AllianceBernstein Holding LP
14.35-2.16
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1.30M
OC-B
Owens Corning (Warrant) 'B'
2.31-0.34
-12.83%
26,436
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