INVESTMENT

JPMorgan Chase & Co Chief Executive Jamie Dimon called the idea that any bank is too big to fail ethically bankrupt and said regulators should have the power to wind down even the largest lenders.

Wall Street was set for a higher open on Friday after solid earnings from Walt Disney Co and JC Penney Co Inc, following the first losing day in seven sessions for blue chips.

News, details on corporate bond issues in the European markets on Friday

Stock index futures pointed to a higher open for U.S. shares on Friday after snapping a six-day winning streak in the previous session, with investors awaiting earnings from JC Penney and Abercrombie & Fitch .

U.S. private equity firm Bain Capital is finalizing a roughly 100 billion yen ($1.1 billion) deal to buy Japanese telemarketer Bellsystem24 from Citigroup Inc , three sources familiar with the matter said.

Some former bankers are planning to bid for failing banks in the Federal Insurance Deposit Corp auction process, and getting financial backing from Wall Street firms like Goldman Sachs Group Inc and Deutsche Bank AG , the Wall Street Journal reported citing sources.

Roomy Khan, one of several former traders cooperating with the prosecution of the biggest U.S. hedge fund insider trading case, told a judge she provided confidential information to several co-conspirators, according to a court document made public on Thursday.

Roomy Khan, one of several former traders cooperating with the prosecution of the biggest U.S. hedge fund insider trading case, told a judge she tipped several people at hedge funds with inside information on companies to make money from trades, according to a court document.

The following are planned mergers under review by the European Commission and a brief guide to the EU merger process:

U.S. mall owner Developers Diversified Realty Corp (DDR.N) may sell most of its planned $400 million commercial mortgage bond at yields well below existing issues, according to Thomson IFR on Thursday.

Chinese property developer Longfor Properties Co raised $912 million, pricing its Hong Kong initial public offering at the top end of an indicated range on Thursday, according to two sources close to the deal.

Strong demand for a piece of a China property company and a brokerage show that selected IPOs are still being coveted despite investor fatigue with the surge of new listings.

News, details on corporate bond issues in the European markets on Thursday:

Gold Hits New High; Shift to Market Currencies; New Deficit Fighting Tactic

Chinese property developer Longfor Properties Co raised $912 million, pricing its Hong Kong initial public offering at the top end of an indicated range on Thursday, according to two sources close to the deal.

An inverse Head and Shoulders pattern is a bullish reversal pattern and for the pattern to be reliable, it should occur in a downtrend. A downtrend is reversed at the left shoulder and buyers drive prices back up to the neckline. Sellers then push prices down to the head and buyers drive prices back to the neckline again. Any sellers who are remaining are only able to push prices back to the right shoulder before buyers step in and drive prices through the neckline.

A double bottom is a bullish reversal pattern that usually occurs after an extended downward movement in price. In good double bottom patterns, the second trough is typically lower than the first trough.

A Bull Flag pattern is a bullish continuation pattern that generally occurs after a large run up in price. After a period of price consolidation in the flag, prices generally continue in the direction of the prior trend.

A double top is a bearish reversal pattern that typically occurs after an extended upward movement in price. Prices reverse once, moving downwards to the confirmation level followed by an upward movement in price. Prices reverse again at the second peak, and completion of the pattern occurs when prices break through the confirmation line.

The president of Calpers urged fellow board members at the biggest U.S. public pension fund on Wednesday to back his plan to require placement agents to be subjected to laws for lobbyists in response to events alleging their undue influence over investment decisions.

Sellers of protection on the loans of Metro-Goldwyn-Mayer are facing losses of 41.5 percent, based on the results of an auction used to determine the value of the bankrupt company's credit default swaps.