The Other Side of Life 24/7: Daily Investor Briefing: Wall Street rises ahead of ECB...

Wednesday, January 21, 2015

Daily Investor Briefing: Wall Street rises ahead of ECB...

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01/21/2015

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

Wall Street rises ahead of ECB meeting; IBM weighs

NEW YORK (Reuters) - U.S. stocks rose on Wednesday in a choppy session as traders digested reports that new stimulus would be announced by the European Central Bank at its Thursday meeting, while declines in IBM limited the gains.

AmEx profit rises 10.7 percent

(Reuters) - American Express Co , the world's largest credit card issuer, reported a 10.7 percent rise in fourth-quarter profit as customers in the United States spent more using its cards and the company earned higher net interest income.

Ebay to cut about 2,400 positions in current quarter

(Reuters) - Online retailer Ebay Inc said it plans to cut about 2,400 positions, or 7 percent of its workforce across eBay marketplaces, PayPal, and eBay enterprise in the current quarter to simplify its organizational structure.

U.S. single-family housing starts highest since early 2008

WASHINGTON (Reuters) - Groundbreaking for U.S. single-family homes raced to the highest level in more than 6-1/2 years in December and permits surged, in a hopeful sign for the sluggish housing market recovery.

Jobs growth seen in U.S. cities in 2015; still lagging pre-recession

WASHINGTON (Reuters) - U.S. cities will see strong job growth this year, but only about half will return to the employment peaks reached before the recession began more than seven years ago, according to an economic report released by the U.S. Conference of Mayors on Wednesday.

Uber to raise $1.6 billion in convertible debt: source

(Reuters) - Online ride-sharing company Uber Technologies Inc has raised $1.6 billion in convertible debt from wealth management clients of Goldman Sachs Group Inc , a person familiar with the matter told Reuters.

OPEC, oil companies clash at Davos over price collapse

DAVOS, Switzerland (Reuters) - OPEC defended on Wednesday its decision not to intervene to halt the oil price collapse, shrugging off warnings by top energy firms that the cartel's policy could lead to a huge supply shortage as investments dry up.

Google, Viacom win dismissal of children's web privacy lawsuit

(Reuters) - Google Inc and Viacom Inc won the dismissal of a nationwide privacy lawsuit accusing them of illegally tracking the Internet activity of boys and girls who visited Nickelodeon's website, in order to send targeted advertising.

Exclusive: Boeing unions seek conditions on $8.7 billion in tax credits

NEW YORK (Reuters) - Boeing Co's two largest labor unions said on Wednesday they are working on a pair of legislative bills that would put conditions on $8.7 billion in tax credits that Washington state gave to Boeing and the state aerospace industry in 2013.

U.S. court says JPMorgan must live with $1.5 billion paperwork error

(Reuters) - JPMorgan Chase & Co got a painful reminder on Wednesday that we all have to live with our mistakes, even a clerical mix-up that could cost $1.5 billion.