Today's big news in the city's big businesses.
• J.P. Morgan had a very good fourth quarter, but is $4.53 billion enough to top Citigroup? Answer on Friday. [DealBreaker]
• Projected versus actual 2006 Wall Street bonuses. Either way, they were big. [BankersBall]
• Taking a cue from its bonus-giddy brokers, Bear Stearns looks to invest in some Manhattan real estate. [NYO via DealBook/NYT]
• Gay associate Aaron Charney is suing Sullivan & Cromwell for discrimination. Fearing the "far-reaching tentacles" of his former firm, Charney is representing himself. [The American Lawyer].
• Dewey Ballantine loses two more star partners — making that eleven defections in recent months. [Law Blog/WSJ]
• Scott Henshall launches men's line, Core, and accompanying coffee-table book, in which model Justin Timberlake brings sexy back to family rooms nationwide. [British Vogue]
• Christopher Kane designs "more accessible" (read cheaper) dress collection for a "more demographic" (read poorer) fashion buyer. [British Vogue]