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Tuesday, January 20, 2015

Business Today: IMF cuts global growth outlook, calls for accommodative policy

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IMF cuts global growth outlook, calls for accommodative policy
BEIJING (Reuters) - The International Monetary Fund lowered its forecast for global economic growth in 2015, and called on Tuesday for governments and central banks to pursue accommodative monetary policies and structural reforms to support growth.
Morgan Stanley adjusted profit falls short of expectations
(Reuters) - Morgan Stanley's adjusted quarterly earnings fell short of market expectations as unexpected market swings in December hit its division that trades bonds, currencies and commodities and the bank deferred fewer bonus payments.
Futures point to higher open after IMF cuts forecasts
NEW YORK (Reuters) - U.S. stock index futures pointed to a higher open on Tuesday as lower growth forecasts from the International Monetary Fund spurred hopes that central banks would take more aggressive policy stances to accelerate economic improvement.
J&J's profit beats estimates on sales of new drugs
(Reuters) - Johnson & Johnson reported a slightly better-than-expected quarterly profit as surging sales of new drugs and mainstay older brands offset weak demand for medical devices and consumer healthcare products.
Oil steady at $49 after IMF cuts growth forecast
London (Reuters) - Brent crude oil prices steadied around $49 a barrel on Tuesday after the International Monetary Fund cut its forecast for global economic growth in 2015 implying lower demand for fuel.
GM gets 108 more claims for faulty ignition switch compensation
(Reuters) - General Motors Co has received 108 claims for compensation for ignition switch defects in its cars in the past week, bringing the total to 2,818, according to the official administering the compensation program.
China's 2014 economic growth misses target, hits 24-year low
BEIJING/SHANGHAI (Reuters) - China's economy grew at its slowest pace in 24 years in 2014 as property prices cooled and companies and local governments struggled under heavy debt burdens, keeping pressure on Beijing to take aggressive steps to avoid a sharper downturn.
BP to push for lower fine in penalty phase of Gulf spill trial
NEW ORLEANS (Reuters) - BP Plc will try to whittle away at $13.7 billion in potential fines under the Clean Water Act as the penalty phase starts on Tuesday in its trial over the 2010 Gulf of Mexico oil spill.
Delta Air Lines posts fourth-quarter loss after fuel hedging
(Reuters) - Delta Air Lines Inc said on Tuesday it lost $712 million last quarter largely due to fuel hedge settlements, although the carrier topped analysts' estimates.
Facebook report says it adds more than $200 billion to global economy
SAN FRANCISCO (Reuters) - With 1.35 billion users of its Internet social network, Facebook Inc would rank as the world's second-most populous nation if it were a country.
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