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Thursday, January 15, 2015

Daily Investor Briefing: Wall Street ends lower, S&P closes...

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Wall Street ends lower, S&P closes below 2,000
NEW YORK (Reuters) - U.S. stocks fell for a fifth straight day on Thursday as bank results disappointed and investors fretted over the potential impact of global economic weakness on U.S. earnings.
Cheaper oil tames U.S. producer inflation; jobless claims up
WASHINGTON (Reuters) - U.S. producer prices in December recorded their biggest fall in more than three years on tumbling energy costs while underlying inflation pressures were tame, a cautionary note for the Federal Reserve as it ponders its next step on monetary policy.
Bank of America fourth-quarter profit hurt by low interest rates
(Reuters) - Bank of America Corp , the second largest U.S. bank by assets, reported a 14 percent fall in quarterly profit as a decline in bond yields further crimped earnings.
Swiss central bank stuns market with policy U-turn
ZURICH (Reuters) - The Swiss National Bank shocked financial markets on Thursday by scrapping a three-year-old cap on the franc, sending the currency soaring against the euro and stocks plunging on fears for the export-reliant Swiss economy.
Intel revenue rises 6.4 percent
(Reuters) - Intel Corp reported a 6.4 percent rise in quarterly revenue as sales of personal computers stabilized.
Citi profit plunges on legal settlements and fall in bond revenue
(Reuters) - Citigroup Inc said its quarterly profit dropped 86 percent, hurt by legal settlements and falling bond trading revenue, sending the bank's shares down more than 4 percent.
Oil settles down despite promising mid-day rally
NEW YORK (Reuters) - Oil prices declined on Thursday as an erratic dollar and expectations of weakening demand dashed hopes that a strong rally Wednesday might have signaled a bottom to the seven-month price rout.
Obama prepared to roll out budget proposal Feb. 2
WASHINGTON (Reuters) - U.S. President Barack Obama is prepared to unveil his proposed budget for the federal government on Feb. 2, White House spokesman Josh Earnest said on Thursday.
Dollar General seen losing Family Dollar bid
(Reuters) - Dollar General Corp stuck to its estimate of divesting 1,500 stores to win approval for its bid to buy Family Dollar Corp, a move that analysts said could end up handing the company to Dollar Tree Inc.
GM does not have to turn over notes to ignition-flaw plaintiffs: judge
NEW YORK (Reuters) - A U.S. judge on Thursday refused to let plaintiffs' lawyers suing General Motors Co access notes from lawyers the company hired to prepare an internal report on the automaker's decade-long mishandling of a deadly ignition-switch flaw.
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