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Friday, January 23, 2015

Daily Investor Briefing: Wall Street falls on miners, UPS;...

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01/23/2015
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 falls on miners, UPS; indexes up for week
NEW YORK (Reuters) - U.S. stocks fell modestly on Friday, pressured by underwhelming corporate news including guidance from economic activity bellwether UPS and as materials stocks fell after bearish notes.
U.S. existing home sales, economic activity gauge rise
WASHINGTON (Reuters) - U.S. home resales rebounded in December, but continued low participation by first-time buyers in the market suggested the housing recovery would remain gradual for now.
Expedia Inc acquires Travelocity in $280 million deal
(Reuters) - Expedia Inc has acquired online travel agency Travelocity from technology company Sabre Corp for $280 million in cash, the companies said in a statement on Friday, as consolidation in the online booking industry continues.
GE industrial profit rises despite flagging oil unit sales
(Reuters) - General Electric Co reported a 9 percent rise in quarterly industrial profit on Friday as its businesses that sell power-generating turbines and jet engines helped offset weak sales in its oil and gas unit.
Online data storage provider Box's shares soar in debut
(Reuters) - Shares of online data storage provider Box Inc rose as much as 77 percent in their market debut as investors bet on the company's ability to turn profitable in a highly competitive market, boding well for another big year for IPOs.
Exclusive: Honda opts for Takata rival to supply Accord air bags - sources
BEIJING/TOKYO (Reuters) - Honda Motor Co has chosen a competitor of embattled Takata Corp to supply air bags for the next North American version of its Accord sedan, the automaker's best-selling vehicle, two people with knowledge of the decision said.
McDonald's says rough ride to continue into 2015
(Reuters) - McDonald's Corp warned on Friday that business will be weak in the first half of 2015 and it is cutting its annual construction budget to the lowest in more than five years as it opens fewer restaurants in struggling markets.
FXCM options activity surges after Swiss shock
NEW YORK (Reuters) - Losses from the surprise move by the Swiss National Bank nearly crippled brokerage FXCM , but all the attention has resulted in a surge of activity among options traders on the online forex broker.
Deere to cut more than 900 U.S. workers as farm economy weakens
CHICAGO (Reuters) - Deere & Co , the world's largest maker of farm equipment, will lay off more than 900 employees at plants in Iowa and Illinois in the latest round of job cuts spurred by a decline in grain prices that is hurting demand for agricultural machinery.
MasterCard to allow transactions in Cuba using U.S.: issued cards
(Reuters) - MasterCard Inc said it would allow its cards issued in the United States to be used in Cuba, effective March 1.
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