Financial news on January 16th, 2010

Business and Financial news
Agreement Expected in NBC’s Talks With O’Brien

The talk show host could get more than $30 million in a settlement. Other details are also being hammered out. Read more..

By BILL CARTER - The New York Times

Decline in Shipping Business Puts Squeeze on Ports

In 2009, operators went into cost-control mode, postponing some development projects and canceling others. Read more..


Dow Plunges 100 Points on JPMorgan’s News

Traders seemed to gloss over the headline numbers for JPMorgan and focused in on consumer credit and worries about credit card delinquencies. Read more..

By JAVIER C. HERNANDEZ - The New York Times

E.U. Seeks to Regain Influence on Response to Climate Change

Stunned by being sidelined at the Copenhagen climate conference, the European Union is debating how to overcome the setback. Read more..

By PAUL TAYLOR - International Herald Tribune

Forget Gum. Walking and Using Phone Is Risky.

Cellphones make pedestrians inattentive, and emergency room records show the results. Read more..

By MATT RICHTEL - The New York Times

Hershey Said to Be Closer to an Offer for Cadbury

Hershey is working with JPMorgan Chase and Bank of America to raise at least $10 billion for a bid, people briefed on the matter said. Read more..

By ANDREW ROSS SORKIN and MICHAEL J. de la MERCED - The New York Times

JPMorgan Chase Earns $11.7 Billion

The banking giant also earmarked $26.9 billion for its workers, much of which will now be paid out as bonuses. Read more..

By ERIC DASH - The New York Times

New Ships Idle, Waiting for Cargo to Fill Them

Cargo shipping companies are paying now for having expanded too aggressively during the boom, analysts say. Read more..


Scaling the Digital Wall in China

Internet users in China are finding myriad ways to get around government blockades. Read more..

By BRAD STONE and DAVID BARBOZA - The New York Times

U.S. Mortgage Plan Aided 7 Percent of Borrowers

Only about 66,500 homeowners have received permanent relief out of the 900,000 who have enrolled. Read more..

By SEWELL CHAN - The New York Times

See what else happened on January 16th, 2010