Today’s Top 10 Business News Headlines

• Bank America Sees Quadrupling of Q4 Earnings on Mortgage Settlements
• Producer Price Index Rises 0.4 in December, on Gasoline
• S+P Finishes at New High
• China Foreign Exchange Holdings Top $3.8 Trillion
• JC Penney to Close 33 Stores
• IS Tesla Stock Stalling Out? (Fox Business)
• GM Projects Small Profits from New 2014 Cars
• AOL Sells Controlling Interest in Patch
• American Airlines Cuts Gates at LaGuardia and Reagan
• U.S. to be Energy-Independent by 2035, Says BP