The Other Side of Life 24/7: Daily Investor Briefing: Wall St. ends down 1 percent on...

Tuesday, January 27, 2015

Daily Investor Briefing: Wall St. ends down 1 percent on...

Click to View in Browser

01/27/2015

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. ends down 1 percent on Caterpillar, Microsoft earnings

NEW YORK (Reuters) - U.S. stocks closed more than 1 percent lower on Tuesday as disappointing results from a number of bellwether companies pointed to weakening conditions, while an unexpected decline in durable goods orders also weighed on sentiment.

Yahoo to spin off Alibaba stake, bowing to pressure

SAN FRANCISCO (Reuters) - Yahoo Inc unveiled a plan for a tax-free spin-off of its 15 percent stake in China's Alibaba Group Holding Ltd, responding to pressure to distribute to shareholders its prized investment valued at roughly $40 billion.

Apple sells record 74.5 million iPhones in quarter, revenue beats

(Reuters) - Apple Inc posted a far better-than-expected 29.5 percent jump in quarterly revenue, driven by record sales of iPhone 6 and 6 Plus smartphones in the holiday shopping season.

AT&T fourth-quarter revenue rises

SAN FRANCISCO (Reuters) - AT&T Inc on Tuesday reported higher quarterly revenue, slightly above Wall Street forecasts.

Amgen profit tops expectations on Enbrel sales, tax credit

(Reuters) - Amgen Inc on Tuesday reported higher-than-expected fourth-quarter profit, driven by strong sales of its blockbuster rheumatoid arthritis drug Enbrel, cost cutting and a tax credit.

U.S. business spending weakens, but consumers upbeat

WASHINGTON (Reuters) - A gauge of U.S. business investment plans fell for a fourth straight month in December, a potential sign that slowing global growth and falling oil prices were weighing on the economy.

U.S. multinationals hit hard by strong dollar, to bleed further into 2015

NEW YORK (Reuters) - A slew of U.S. multinational companies from DuPont to Microsoft Corp showed that a strong U.S. dollar is hammering their earnings, with several blue chip exporters predicting the situation will get worse if the greenback holds its strength.

Oil jumps on weaker dollar; traders wary of stock build

NEW YORK (Reuters) - Oil prices jumped as much 3 percent on Tuesday as a weaker dollar propped up commodities priced in the currency, prompting short-covering in a market that has sold off with little pause over the past seven months.

JPMorgan profited from soaring Swiss franc: Bloomberg

(Reuters) - JPMorgan Chase & Co's currency traders made a profit of as much as $300 million when the Swiss central bank shocked markets by scrapping its cap on the franc this month, Bloomberg reported, citing two people with knowledge of the matter.

U.S. proposes allowing oil, gas drilling off Atlantic Coast

WASHINGTON (Reuters) - The Obama administration on Tuesday proposed allowing for the first time oil and gas exploration in a wide swath of U.S. waters off the Atlantic Coast.