Investment bank Morgan Stanley says it swung to a profit in the fourth quarter. Shares jumped in pre-market trading. The bank earned $867 million after stripping out an accounting charge. That's up from a loss of $374 million in the same period a year ago.
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.