More Headlines: Fort Hood Review ‘Raises Serious Questions’, Gates Says

BY Jason M. Breslow  January 15, 2010 at 10:35 AM EDT

Elsewhere in the headlines Friday:

Fort Hood review: A Pentagon review of the Fort Hood massacre “raises serious questions” about the military’s ability to detect security threats within its own ranks, Defense Secretary Robert Gates told reporters Friday. According to the Associated Press, as many as eight Army officers may be disciplined for failing to take action against Army Maj. Nidal Hasan, the alleged Fort Hood shooter, after noticing he had displayed erratic behavior in the run up to the Nov. 5 attack.

J.P. Morgan earnings: JP Morgan Chase & Co. became the first large Wall Street firm on Friday to report fourth quarter earnings. The nation’s second largest bank announced its profit over the year-earlier period had quadrupled to $3.28 billion. JP Morgan also announced it had earmarked $26.9 billion to compensate its workers, the bulk of which will be paid out in bonuses. Despite furor over Wall Street pay, U.S. banks and financial firms are on pace to pay their employees a record $145 billion for 2009, according to a Wall Street Journal study.

Television: Jay Leno appears set to return to NBC’s “Tonight Show,” unless current host Conan O’Brien changes his mind about not wanting to host the program at 12:05 a.m., the Washington Post is reporting.

Consumer prices: Consumer prices rose a modest 0.1. percent in December, keeping inflation at 2.7 percent for all of 2009, according to the Labor Department. Meanwhile, consumer sentiment in January inched up to 72.8, from 72.5 in December, the highest reading since September.