Daily Investor Briefing: Fed upbeat on U.S. economy despite...

	Click to View in Browser 01/28/2015 Fed upbeat on U.S. economy despite global turmoil WASHINGTON (Reuters) - The Federal Reserve on Wednesday said the U.S. economy was expanding "at a solid pace" as it largely looked through weakness overseas in a signal that it remains on track to raise interest rates later this year. Facebook tops Wall Street revenue target in fourth quarter SAN FRANCISCO (Reuters) - Facebook Inc's revenue grew 49 percent in the fourth quarter, as strength in mobile advertising helped the world's largest Internet social network beat Wall Street's target. Qualcomm cuts fiscal 2015 outlook after new chip skipped by big customer SAN FRANCISCO (Reuters) - Qualcomm Inc reduced its outlook for fiscal 2015, saying it expects its newest Snapdragon mobile chip will not be used in a major customer's flagship smartphone, sending its shares lower. Wall St. ends sharply lower after Fed comments NEW YORK (Reuters) - U.S. stocks fell sharply on Wednesday after the Federal Reserve said the domestic economy was growing at a solid pace, signaling it remains on track to raise interest rates later this year. Big banks lose bid to dismiss U.S. currency manipulation lawsuit NEW YORK (Reuters) - A federal judge on Wednesday said U.S. investors may pursue a nationwide antitrust lawsuit accusing 12 major banks of rigging prices in the $5.3 trillion-a-day foreign exchange market. Boeing fourth-quarter profit surges; sees cash rise in 2015 (Reuters) - Boeing Co reported a 23 percent increase in core fourth-quarter profit on Wednesday, topping analysts' estimates and sending its shares up 4.3 percent. S&P, U.S. Justice Department likely to enter $1.37 billion settlement: WSJ WASHINGTON (Reuters) - Standard & Poor's and the U.S. Department of Justice are likely to enter into a $1.37 billion settlement as early as Thursday, the Wall Street Journal reported on Wednesday. iPhone sales trample expectations as profit sets global record (Reuters) - Apple Inc quarterly results smashed Wall Street expectations with record sales of big-screen iPhones in the holiday shopping season and a 70 percent rise in China sales, powering the company to the largest profit in corporate history. Fiat Chrysler no longer 'bleeding' in Europe, but challenges remain MILAN/DETROIT (Reuters) - Fiat Chrysler Automobiles expects to turn profits in all regions this year, but faces pressure to rev up its North American profit engine to fund an ambitious overhaul of its Alfa Romeo and Maserati brands. Icahn on CNBC says his son was right on Netflix, wished he bought more NEW YORK (Reuters) - Billionaire activist investor Carl Icahn said on Wednesday that he sold Netflix Inc shares too soon, admitting that his son Brett and fund co-manager David Schechter were correct to believe the stock was significantly undervalued. Related Video Boeing's profit soars Breakingviews: Apple and Yahoo in China Related News Bill Gross on CNBC says Fed will raise rates by 0.25 percent in symbolic move Super Bill: Weighing the cost of a Super Bowl trip 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