Business Today: S&P 500 ends flat as bank profits temper growth concerns

	Click to View in Browser 01/16/2013 S&P 500 ends flat as bank profits temper growth concerns NEW YORK (Reuters) - The S&P 500 ended nearly flat on Wednesday as solid earnings from two major banks and a bounceback in Apple shares offset concerns about a lower forecast for global growth in 2013. Exclusive: JPMorgan settles lawsuit against "Whale" boss - source LONDON (Reuters) - JPMorgan Chase & Co has reached an out-of-court settlement over its lawsuit against the former boss of Bruno Iksil, the trader known as the "London Whale" for huge bets he took that cost the bank $6.2 billion, a person familiar with the matter said. EBay's fourth-quarter revenue rose 18 percent SAN FRANCISCO (Reuters) - EBay Inc reported an 18 percent increase in fourth-quarter revenue on Wednesday. Japanese airlines ground 787s after latest emergency TOKYO (Reuters) - Japan's two leading airlines grounded their fleets of Boeing 787s on Wednesday after one of the Dreamliner passenger jets made an emergency landing, the latest in a series of incidents to heighten safety concerns over a plane many see as the future of commercial aviation. Industrial output rises in December but utilities slump WASHINGTON (Reuters) - Industrial output rose in December and motor vehicle assembly picked up, suggesting the manufacturing sector continues to expand at a moderate pace. Factory, price data give hopeful signs for economy WASHINGTON (Reuters) - The U.S. economy ended 2012 on a surprisingly sound note as factory output climbed and low inflation lifted consumers' purchasing power, signs the economy may be able to weather the higher tax bills that rang in the new year. United Airlines says 787 fleet flying as scheduled (Reuters) - United Continental Holdings Inc's United Airlines has inspected its fleet of Boeing Co 787 Dreamliners and all are flying as scheduled, the airline said on Wednesday. Pinnacle Airlines path from Chapter 11 may run through Delta Air (Reuters) - Pinnacle Airlines Corp won bankruptcy court approval on Wednesday for agreements that it said pave the way for the regional carrier to emerge from Chapter 11 as a unit of Delta Air Lines . JPMorgan blames risk management for "London Whale" loss NEW YORK (Reuters) - Peter Weiland, the most senior risk officer in JPMorgan Chase's Chief Investment Office before the "London Whale" scandal broke last April, quietly resigned in October, according to a report by the bank that emphasizes the CIO's risk-management failures. Goldman, Morgan Stanley cut $557 million foreclosure deal WASHINGTON (Reuters) - Goldman Sachs Group Inc and Morgan Stanley will pay a total of $557 million in cash and other assistance to troubled borrowers to end a case-by-case review of past foreclosures required by U.S. regulators. Related Video Tesco in horsemeat burger row Foreign trade saps German growth Economic News Factory, price data give hopeful signs for economy Fed doesn't need asset buys to keep rates low: Kocherlakota A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend