Econ 101: January 11, 2013

Welcome to ThinkProgress Economy’s morning link roundup. This is what we’re reading. Have you seen any interesting news? Let us know in the comments section. You can also follow ThinkProgress Economy on Twitter.

  • Regulators will reportedly order JP Morgan Chase to tighten its anti-money laundering controls today. [Reuters]
  • According to emails obtained by Congress, Walmart executives knew as early as 2005 that the company was bribing Mexican officials. [Associated Press]
  • The Federal Reserve made a record $88.9 billion in profits in 2012, topping the $79.3 billion made in 2010. [Wall Street Journal]
  • California lawmakers are projecting that the state will have a budget surplus next year. [New York Times]
  • Ford is planning to hire 2,200 salaried employees this year, the most since 2001. [Bloomberg]
  • Japan’s leader’s unveiled a $116 billion stimulus package meant to create 600,000 jobs. [Financial Times]
  • American Express is planning to cut 5,400 jobs around the world. [Washington Post]
  • Europe’s oil demand is at a 20-year low and set to fall further. [Reuters]
  • The U.S. may seek trade sanctions against Indonesia. [The Hill]