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Tuesday, February 3, 2015

Business Today: Wall Street to gain at open on Greek deal hopes, oil lift

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Wall Street to gain at open on Greek deal hopes, oil lift
NEW YORK (Reuters) - U.S. stock index futures pointed to a modestly higher open on Tuesday, with the benchmark S&P 500 index set to continue a rally fueled by hopes of a deal on Greek debt and by firmer oil prices.
UPS profit hit by high costs during holiday season
DETROIT (Reuters) - United Parcel Service Inc on Tuesday reported a slightly lower quarterly profit, eroded by higher costs than expected during a disappointing peak holiday season.
S&P reaches $1.38 billion settlement with U.S. government, states
(Reuters) - McGraw Hill Financial Inc and its Standard & Poor Ratings Services unit have reached a $1.38 billion settlement with the U.S. government and several states over ratings of mortgage-backed securities that went sour in the runup to the 2008 financial crisis.
BP deepens capex cuts, surprises with Rosneft profit
LONDON (Reuters) - BP said it would deepen capital investment cuts this year to adapt to lower oil prices after a surprise contribution from its stake in Russia's firm Rosneft helped it to beat quarterly profit forecasts.
Amazon, Sprint may buy some Radioshack stores: Bloomberg
(Reuters) - Inc and Sprint Corp are considering acquiring some RadioShack stores after the troubled electronics retailer files for bankruptcy, Bloomberg reported, citing people with knowledge of the discussions.
Oil prices up more as BP joins sector spending cuts
LONDON (Reuters) - Oil rose more on Tuesday as BP said it will reduce capital expenditure, adding to cuts in investment in the sector and expectations that output will suffer and start to drain a glut.
Staples, Office Depot in advanced talks to merge: WSJ
(Reuters) - Office-supply chains Staples Inc and Office Depot Inc are in advanced talks to merge, the Wall Street Journal reported, citing people familiar with the matter.
For striking U.S. refinery workers, Shell shocks with a new style
HOUSTON (Reuters) - At tense meetings just days before the first major U.S. refinery strike in 35 years was called on Sunday, union leaders grew increasingly pessimistic about getting a new labor contract and a sizable wage increase.
AT&T to sell data centers worth $2 billion: sources
NEW YORK/SAN FRANCISCO (Reuters) - AT&T Inc is selling some data centers worth about $2 billion as it continues its streak of asset sales, people familiar with the matter said on Monday.
Lenovo quarterly revenue jumps 31 percent, tops expectations
BEIJING (Reuters) - Lenovo Group Ltd, the world's leading PC maker, said on Tuesday its third-quarter revenue rose 31 percent to $14.1 billion, beating investor expectations, as its mobile division sales more than doubled following its acquisition of Motorola.
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