Daily Investor Briefing: Wall Street rises after Greek...

	Click to View in Browser 01/26/2015 Wall Street rises after Greek elections; energy climbs NEW YORK (Reuters) - U.S. stocks edged higher on Monday as investors brushed off fears a leftist victory in Greece would bring fresh crisis to the Eurozone and energy stocks advanced. Microsoft profit falls on sluggish Windows demand, tax charge SEATTLE (Reuters) - Microsoft Corp said on Monday fiscal second-quarter profit fell, as sluggish personal computer sales dampened demand for Windows software and the company had a one-time tax expense relating to an audit in the United States. U.S. deficit to dip in 2015 as era of dramatic declines ends: CBO WASHINGTON (Reuters) - The U.S. budget deficit will decline slightly to $468 billion this fiscal year, the lowest level since President Barack Obama took office, congressional forecasters said on Monday in a report heralding the end of a brief period of dramatically shrinking red ink. Rock-Tenn, MeadWestvaco to merge, create packaging giant (Reuters) - Packaging companies Rock-Tenn Co and MeadWestvaco Corp agreed to form a combined $16 billion company to take on market leader International Paper Co in the United States and abroad. S&P downgrades Russia's sovereign credit rating to 'junk' MOSCOW (Reuters) - Ratings agency S&P cut Russia's sovereign credit rating to junk status on Monday, bringing it below investment grade for the first time in a decade. Telecom network spending seen rising this year amid 4G boom PARIS/STOCKHOLM (Reuters) - Europe's telecoms equipment makers look set for an unpredictable year because of consolidation among their operator customers and a slowdown of buildouts of faster mobile networks, known as 4G, in the United States and China. Oil slides despite OPEC talk of a floor NEW YORK (Reuters) - Oil fell in see-saw trade on Monday, with U.S. crude ending at its lowest in nearly six years, as traders discounted comments from OPEC's top official about the market finally finding a bottom. Mattel removes CEO, warns of fifth straight fall in quarterly sales (Reuters) - Mattel Inc removed Chief Executive Brian Stockton after another disappointing holiday shopping season for the maker of the aging Barbie doll. Obama announces $4 billion in India investment and lending deals NEW DELHI (Reuters) - U.S. President Barack Obama on Monday announced $4 billion in government-backed investments and lending to India, as he sought to scale up a trade relationship he said was "defined by so much untapped potential". IBM dismisses Forbes report of massive layoffs (Reuters) - IBM dismissed on Monday a Forbes magazine report claiming the technology firm is preparing to cut about 26 percent of its workforce, which would represent its biggest-ever layoffs. Related Video Is this the end of austerity? Breakingviews: Paper-thin parity Related News Got a spare billion? Investment bankers are keen to help Better U.S. housing market makes it easier to trade up A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend