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--- Begin Message ---
-Caveat Lector-
J.P. Morgan says it will take $1.3 billion in charges
http://biz.yahoo.com/rc/030102/financial_jpmorgan_outlook_1.html
NEW YORK, Jan. 2 (Reuters) -- J.P. Morgan Chase & Co.
said on Thursday it would take about $1.3 billion pretax in
charges for litigation related to Enron Corp. and the global
research settlement announced late last month.
The New York-based bank said it would establish a $900
million reserve for costs of various private litigation and
regulatory inquiries involving Enron, including $80 million
for the research settlement.
It said it would also take a pretax charge of $400 million in
the fourth quarter, as part of its settlement on Thursday of
an Enron-related surety bond dispute with insurers.The
litigation reserve, after tax, would cut fourth-quarter earnings
by 30 cents a share, J.P. Morgan said.
-END-
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DECLARATION & DISCLAIMER
==========
CTRL is a discussion & informational exchange list. Proselytizing propagandic
screeds are unwelcomed. Substance—not soap-boxing—please! These are
sordid matters and 'conspiracy theory'—with its many half-truths, mis-
directions and outright frauds—is used politically by different groups with
major and minor effects spread throughout the spectrum of time and thought.
That being said, CTRLgives no endorsement to the validity of posts, and
always suggests to readers; be wary of what you read. CTRL gives no
credence to Holocaust denial and nazi's need not apply.
Let us please be civil and as always, Caveat Lector.
========================================================================
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