The Other Side of Life 24/7: Daily Investor Briefing: Wall St. closes sharply lower, down...

Friday, January 30, 2015

Daily Investor Briefing: Wall St. closes sharply lower, down...

Click to View in Browser

01/30/2015

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 St. closes sharply lower, down for January

NEW YORK (Reuters) - U.S. stocks ended a volatile session sharply lower on Friday, with major indexes ending down for both the week and the month of January as investors worried about weak U.S. growth and whether instability in Europe could hurt corporate earnings.

U.S. economy cools in fourth quarter, but consumer spending shines

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.

Burger chain Shake Shack sizzles in market debut

(Reuters) - Shares of trendy hamburger chain Shake Shack Inc soared as much as 150 percent in their first day of trading on Friday, valuing a company with only 63 restaurants at nearly $2 billion.

Oil surges 8 percent as U.S. rig count plunges, shorts scramble

NEW YORK (Reuters) - Oil prices roared back from six-year lows on Friday, rocketing more than 8 percent as a record weekly decline in U.S. oil drilling fueled a frenzy of short-covering.

AT&T top buyer at U.S. airwaves auction; Verizon, Dish spend big

WASHINGTON/SAN FRANCISCO (Reuters) - AT&T Inc spent close to half the total in the record-setting U.S. sale of airwaves for mobile data, with Verizon Communications Inc and bidding partners of Dish Network Corp also spending heavily, results showed on Friday.

Fed's Fisher: stronger dollar good for U.S. jobs

SAN FRANCISCO (Reuters) - Sharp gains in the U.S. dollar are good for the U.S. labor market, a top Federal Reserve official said on Friday, downplaying a crescendo of complaints from top executives over the dent to their profits.

Chevron's profit beats as chemical sales offset cheap oil

WILLISTON, N.D. (Reuters) - Chevron Corp , the second-largest U.S. oil producer, reported a higher-than-expected quarterly profit on Friday as sales of chemicals, lubricants and other refined products helped offset plunging crude prices .

McDonald's franchisees to new CEO: back-to-basics, fast

LOS ANGELES (Reuters) - McDonald's Corp franchisees have an urgent 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 shrink its huge menu to concentrate on burgers and fries.

Mattel CEO feels 'sense of urgency' for new toys as Barbie ages

(Reuters) - Mattel Inc needs to move with a "sense of urgency" to create toys that connect with young customers, its interim CEO said, as dolls based on Disney's blockbuster film "Frozen" stole the show from its Barbie dolls in the holiday quarter.

Exxon adds discrimination protections in U.S. for LGBT workers

HOUSTON (Reuters) - Exxon Mobil Corp , the world's largest publicly traded oil company, has changed its U.S. employment policies to prohibit discrimination based on sexual orientation and gender identity as now required by federal law.