Business Today: U.S. growth cools in fourth quarter, but consumer spending robust

		Click to View in Browser 01/30/2015 U.S. growth cools in fourth quarter, but consumer spending robust WASHINGTON (Reuters) - U.S. economic growth slowed sharply in the fourth quarter as weak business spending and a wider trade deficit offset the fastest pace of consumer spending since 2006. Futures drop ahead of data; indexes to fall for month NEW YORK (Reuters) - U.S. stock index futures fell on Friday ahead of data on economic growth, consumer inflation and confidence, with major indexes poised for a second month of declines. Chevron quarterly profit drops 30 percent on cheap oil WILLISTON, N.D. (Reuters) - Chevron Corp , the second-largest U.S. oil producer, said on Friday its quarterly profit fell 30 percent due to plunging crude prices . MasterCard's quarterly profit rises 29 percent (Reuters) - MasterCard Inc , the world's second-largest debit and credit card company, posted a 29 percent rise in quarterly profit as customers swiped their cards more often. Russian central bank makes surprise interest rate cut MOSCOW (Reuters) - Russia's central bank unexpectedly cut its main interest rate on Friday as fears of recession mount in the country following the fall in global oil prices and Western sanctions over the Ukraine crisis. McDonald's franchisees to new CEO: back-to-basics, fast LOS ANGELES (Reuters) - McDonald's franchisees have a fast order for the fast food giant's new CEO - get back to basics. In interviews franchisees and advisors to restaurant owners say they hope the new chief will clean up a huge menu to focus on burgers and fries. U.S. labor costs up solidly in fourth quarter WASHINGTON (Reuters) - U.S. labor costs rose solidly in the fourth quarter, which could keep the Federal Reserve on track to raise interest rates this year. Printer maker Xerox's profit beats Street on lower costs (Reuters) - Xerox Corp , best known for its printers and copiers, reported a slightly better-than-expected quarterly profit as expenses declined 4 percent. Audi could hit two million car sales goal ahead of 2020 INGOLSTADT, Germany (Reuters) - German luxury carmaker Audi could reach its goal of 2 million sales a year before its 2020 target, helped by revamped models and new sport-utility vehicles, its chief executive told Reuters. OPEC oil output rises in January as key members stand firm: survey LONDON (Reuters) - OPEC's oil supply has risen this month due to more Angolan exports and steady to higher output in Saudi Arabia and other Gulf producers, a Reuters survey showed, a sign key members are standing firm in refusing to prop up prices. Related Video Asia Week Ahead: China's factories get a check up Asia stocks gain in January Economic News 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