STOCKS NEWS US-AMR starts fare increase, some rivals match

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0825 EST 22Jan2010
AMR starts fare increase, some rivals match

AMR Corp's American Airlines has raised domestic fares, and some competitors have matched as the industry struggles to gain pricing power and rebound from the 2009 downturn, an AMR spokesman said on Thursday.

The fare hike, initiated on Tuesday, spurred increases from Continental Airlines and Delta Air Lines on Wednesday. UAL Corp's United Airlines matched it late on Thursday.

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0811 EST 22Jan2010
McDonald's Q4 profit rises

McDonald's Corp reported higher quarterly profit on Friday as strength in international markets offset its weakening U.S. business, which is grappling with high unemployment and rampant discounting.

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Shares of the company, a Dow component, edged 0.2 percent higher to $63.35 in premarket trading.

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0756 EST 22Jan2010
Futures off on Obama plan, delayed Bernanke vote

U.S. stock index futures fell on Friday as President Barack Obama's proposed sweeping restrictions on banks and the delayed confirmation of Fed Chairman Ben Bernanke put investors on the defensive after a 10-month rally.

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Dow Jones industrial average futures fell 30 points while S&P 500 futures slid 1 point and Nasdaq 100 futures lost 1.25 points.

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0729 EST 22Jan2010-Johnson Controls raises full
year outlook

Johnson Controls Inc swung to a quarterly profit on Friday and raised its fiscal-year outlook, as global auto production volumes recover from a steep downturn last year.

For the first quarter ended on Dec. 31, Johnson Controls reported net income of $350 million, or 52 cents per share, compared with a year-earlier loss of $608 million, or $1.02 per share.

Revenue increased 15 percent to $8.4 billion.

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Shares of Johnson Controls rose 5 percent to $30.30 in premarket trading.

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0725 EST 22Jan2010
JPMorgan upgraded to 'buy' at Citigroup

Citigroup on Friday upgraded JPMorgan Chase & Co to 'buy' from 'hold,' citing underperformance in the stock so far this year.

The firm wrote that the underperformance created 'an excellent entry point' to buying the shares, and said there was only a very low probability that the company would have to downsize its balance sheet.

Shares of JPMorgan, a Dow component, rose 0.5 percent to $40.75 in premarket trading.

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0706 EST 22Jan2010
Google profit rises but revenue misses estimates

Google Inc was among the first technology companies to shake off the recession last year, but the Internet giant's fourth-quarter report could not satisfy investors' increasing demand for stronger growth.

The leading Internet search provider posted a higher-than-expected profit but its revenue growth lagged some of Wall Street's most bullish expectations -- even though it was Google's strongest performance in a year.

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Shares of Google fell 4.5 percent to $557 in premarket trading.

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