The Other Side of Life 24/7: Daily Investor Briefing: Wall St. falls; energy shares dragged...

Monday, January 12, 2015

Daily Investor Briefing: Wall St. falls; energy shares dragged...

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01/12/2015

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. falls; energy shares dragged down further by oil

NEW YORK (Reuters) - U.S. stocks fell for a second straight session on Monday, led by another sharp decline in energy shares as oil prices tumbled about 5 percent and concern grew ahead of corporate earnings season.

Cutting 'patient' from Fed guidance should signal hike near: Lacker

WASHINGTON (Reuters) - The Federal Reserve should stop talking about the need for a "patient" interest rate policy just before it thinks it will begin hiking rates, a top Fed policymaker said on Monday.

Fed's Lockhart sees strong U.S. growth, rate hike in mid-2015

ATLANTA (Reuters) - The U.S. economy is motoring ahead in its recovery, likely putting the Federal Reserve in position to raise interest rates by the middle of the year, Atlanta Fed President Dennis Lockhart said on Monday.

Oil dives anew, falling 5 percent on Goldman downgrade, outages

NEW YORK (Reuters) - Oil fell 5 percent to its lowest in nearly six years on Monday, extending the second-deepest rout on record, after Goldman Sachs warned that prices would fall further and Gulf oil producers showed no sign of cutting output.

Dollar Tree expects to shed less than 300 stores to buy Family Dollar

(Reuters) - Discount chain Dollar Tree Inc said it expects to divest fewer than 300 stores to satisfy competition regulators scrutinizing its proposed takeover of Family Dollar Stores Inc, and had already identified potential buyers.

Tiffany cuts profit forecast as holiday shopping disappoints

(Reuters) - Upscale jeweler Tiffany & Co cut its profit forecast for the full year, citing a disappointing holiday shopping season and further weakness in Japan.

GM gets 141 more claims for faulty ignition switch compensation

(Reuters) - General Motors Co received 141 additional claims for compensation for ignition switch defects in its cars in the past week, bringing the total to 2,710, according to the official administering the compensation program.

SanDisk's memory chip sales weak, shares fall

(Reuters) - SanDisk Corp said it expects fourth-quarter revenue to be lower than its forecast, citing weaker-than-expected sales of retail products and flash memory storage chips.

Lululemon forecast signals turnaround moves bearing fruit

(Reuters) - Lululemon Athletica Inc issued a robust forecast for the current quarter on Monday that topped market expectations and lifted its shares as strong holiday sales signaled the Canadian yogawear maker's comeback efforts may be paying off.

U.S. top court declines to hear Gupta's appeal over officer ban

WASHINGTON (Reuters) - The U.S. Supreme Court on Monday rejected former Goldman Sachs Group director Rajat Gupta's challenge to a permanent ban from acting as a public company officer.