The Other Side of Life 24/7: Daily Investor Briefing: Wall Street ends little changed as...

Tuesday, January 20, 2015

Daily Investor Briefing: Wall Street ends little changed as...

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01/20/2015

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 Street ends little changed as hope for ECB move increases

NEW YORK (Reuters) - U.S. stocks closed little changed on Tuesday after the International Monetary Fund reduced its growth forecasts for 2015 and 2016, increasing speculation central banks would take more aggressive policy moves to spark economic improvement.

IMF cuts global growth outlook, calls for accommodative policy

BEIJING (Reuters) - The International Monetary Fund lowered its forecast for global economic growth in 2015, and called on Tuesday for governments and central banks to pursue accommodative monetary policies and structural reforms to support growth.

IBM fourth-quarter profit beats estimates

(Reuters) - International Business Machines Corp reported a better-than-expected quarterly adjusted profit, helped by increasing demand for its fast-growing cloud business.

Netflix adds 4.3 million streaming subscribers in December quarter

(Reuters) - Netflix Inc's quarterly revenue rose 26.3 percent as the TV and movie streaming service added 4.3 million net subscribers worldwide, beating its own forecast of 4 million.

Morgan Stanley to pay smaller proportion of revenue in bonuses

(Reuters) - Wall Street investment bank Morgan Stanley said it would pay a smaller portion of revenue in bonuses to its bankers and traders this year even in a better revenue environment.

Halliburton, Baker Hughes to lay off thousands as oil slumps

(Reuters) - Oilfield service providers Baker Hughes Inc and Halliburton Co plan to cut thousands of jobs as drilling activity slows further due to a steep fall in crude oil prices.

Pentagon says classified data on U.S. F-35 jet fighter program remains secure

WASHINGTON (Reuters) - The Pentagon on Tuesday said classified data about the $399 billion F-35 fighter jet program remains secure, despite fresh documents released by NSA whistleblower Edward Snowden last week which said China stole "many terabytes" of data about the jet.

Oil falls again as IMF cuts forecast; Iran hints at $25 oil

NEW YORK (Reuters) - Oil fell as much as 5 percent on Tuesday after the International Monetary Fund cut its 2015 global economic forecast and key producer Iran hinted prices could drop to $25 a barrel without supportive OPEC action.

ECB quantitative easing would not solve Greek liquidity problems: Greek finmin

ATHENS (Reuters) - Any European Central Bank quantitative easing program would help Greece's economy but would not be enough to solve its liquidity problems, Greek Finance Minister Gikas Hardouvelis said on Tuesday.

Supreme Court rejects challenge to debit card 'swipe fees' rules

WASHINGTON (Reuters) - The U.S. Supreme Court on Tuesday declined to hear a challenge to controversial debit card "swipe fee" rules, dealing a blow to retailers, grocers and restaurant owners who argued the charges were unfairly high.