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  • GE earnings rise despite headwinds from low oil prices
    Associated Press | January 23, 2015 10:25 am
    General Electric Co. posted higher revenue and net income for the fourth quarter, but was held back from even better results by a sputtering performance from its expanding oil and gas division.
  • Ford to take $800M 4Q charge due to Venezuela currency woes
    Associated Press | January 23, 2015 10:10 am
    Ford says it will take an $800 million charge in the fourth quarter because of exchange rate problems between the Venezuelan bolivar and the U.S. dollar.
  • Expedia buys booking site Travelocity for $280M in cash
    Associated Press | January 23, 2015 9:12 am
    Expedia has acquired travel booking site Travelocity from the Sabre Corp. for $280 million in cash.
  • US home sales rise in December
    Associated Press | January 23, 2015 9:08 am
    More Americans purchased homes in December, yet total sales slipped in 2014 as first-time buyers struggled to find houses.
  • Deere to lay off more than 1,000 workers in Iowa, Illinois
    Associated Press | January 23, 2015 8:06 am
  • Stock slide...Home sales up in December, down for year...Leading indicators show 4th straight gain
    Associated Press | January 23, 2015 7:48 am
    Stocks are lower in in early trading on Wall Street after weak earnings results and outlooks from some big-name companies. This morning's slump follows big gains yesterday after Europe's central bank unveiled a large bond-buying plan aimed revitalizing that region's economy.
  • Death of Saudi king unsettles oil market, prices waver
    Associated Press | January 23, 2015 7:32 am
    Oil prices rose initially on news of the death of Saudi Arabia's powerful King Abdullah, but the increase was moderate and short-lived.
  • Germany's finance minister says no Greek euro exit modelled
    Associated Press | January 23, 2015 6:40 am
    Germany has not modelled a potential Greek exit -- the so-called "Grexit" -- from the 19-nation eurozone, Germany's finance minister insisted Friday, two days ahead of a Greek election that may bring an anti-bailout party to power in Athens.
  • Top official: Russians will 'eat less' for Putin
    Associated Press | January 23, 2015 5:20 am
    Russian Deputy Prime Minister Igor Shuvalov, speaking at the World Economic Forum in Davos, on Friday warned the West against trying to topple President Vladimir Putin and said that Russians are ready to sacrifice their wealth in Putin's support.
  • GE beats 4Q profit forecasts
    Associated Press | January 23, 2015 3:56 am
    General Electric Co. (GE) on Friday reported fourth-quarter net income of $5.15 billion.
  • Berkshire Partners, New Balance buying Rockport
    Associated Press | January 23, 2015 3:48 am
    Private equity firm Berkshire Partners and athletic shoe maker New Balance are buying The Rockport Co. from the Adidas Group.
  • Merkel encouraged by Italian reforms
    Associated Press | January 23, 2015 3:48 am
    German Chancellor Angela Merkel says she is encouraged by Italy's reform course, after a series of bilateral meetings with Italian Premier Matteo Renzi.
  • Financial markets ... Housing market ... Oil prices
    Associated Press | January 23, 2015 3:37 am
    Global stocks zoomed higher today, energized by the European Central Bank's bolder-than-expected stimulus plan. France's CAC 40 jumped 1.2 percent and Germany's DAX rose 1.3 percent. Britain's FTSE 100 added 0.6 percent. In New York, the Standard & Poor's 500 index jumped 31.03 points, or 1.5 percent, to close at 2,063.15. That nudged it into positive territory for the year, up 0.2 percent.The Dow Jones industrial average climbed 259.70 points, or 1.5 percent, to 17,813.98 while the Nasdaq climbed 82.98 points, or 1.8 percent, to 4,750.40.
  • Phony Chinese bank cheated depositors out of $32 million
    Associated Press | January 23, 2015 3:32 am
    Chinese police said Friday they've arrested five people in connection with a phony bank that used bogus offices and tellers to bilk depositors out of $32 million.
  • Hutchison offers $15B for Telefonica's UK mobile phone unit
    Associated Press | January 23, 2015 1:20 am
    Hong Kong billionaire Li Ka-shing's flagship company said Friday it's offering about $15 billion for the British business of European mobile phone operator Telefonica.
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