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 Family Dollar CEO Levine to sell 1 million to 2 million shares of company
Charlotte Observer (North Carolina), January 29, 2015 Thursday

 Family Dollar CEO Howard Levine is selling 1 million to 2 million shares of his stake of the Matthews-based company, according to securities filings from the company Wednesday.
 Stocks slip on fears they'll lose some shine
The Boston Globe, January 29, 2015 Thursday

 The Fed's latest take on the economy put investors in the mood to sell, giving the Dow its biggest two-day loss in a year. Stocks also took a hit as the price of benchmark US oil sank to its lowest in nearly six years. The Fed make it clear it will remain patient about raising interest rates, as expected. But it also strengthened its assessment of the US economy — good news for Main Street and corporate America but a signal the low interest rates that make stocks more attractive than bonds will...
 Chevron response to fire at refinery found flawed; Attitudes about safety at the plant were lax, U.S. investigators find
The San Francisco Chronicle (California), January 29, 2015 Thursday

 The August 2012 fire at the Chevron refinery in Richmond was made worse by a flawed emergency response as well as lax safety attitudes at the plant, according to a report approved Wednesday night by the U.S. Chemical Safety Board. The three-member panel has issued a string of reports calling for an overhaul of state and federal regulations and industry practices since the blaze, which was caused by a corroded and leaky pipe and sent 15,000 people to hospitals seeking treatment.
 CEO of McDonald's forced to 'say goodbye to the McFamily'; He's leaving March 1; stock up after-hours
USA TODAY, January 29, 2015 Thursday

 After months of lackluster results, McDonald's board has named a new CEO. Steve Easterbrook, 48, the company's chief brand officer, will replace Don Thompson, 51, the current CEO and a 25-year McDonald's veteran, effective March 1. Thompson also gives up his board seat and Easterbrook gets one.
 Apple rich enough to pay us each $556; Business model produces staggering abundance of wealth
USA TODAY, January 29, 2015 Thursday

 Apple's printing money hand over fist. You knew that. What you may not know is that Apple has so much dough, it could afford to pay every man, woman and child in the U.S. $556. Each.
 Facebook breathes down Google's neck; It's gaining ground in fight for digital ads
USA TODAY, January 29, 2015 Thursday

 The biggest threat to market-leading tech giants is a rapid change in the technology underlying their most important markets. Companies like Dell and Hewlett-Packard saw most of their growth dry up once laptops, smartphones and tablets began to replace PCs.
 Oil Company Delays Huge Louisiana Project as Prices Slide
The New York Times, January 29, 2015 Thursday

 HOUSTON -- In the biggest retrenchment in the United States as oil prices fall, Sasol has delayed an expansive $14 billion project in southwestern Louisiana to make diesel out of natural gas. The project, which had not yet been approved by the company, was to create at least 1,200 permanent jobs and 7,000 construction jobs, and begin production in 2018. But with the price of oil down by more than 50 percent since June, the highly speculative, and expensive, project was economically impractical....
 After Alibaba Spinoff, Yahoo May Become a Takeover Target
The New York Times, January 29, 2015 Thursday

 The real Yahoo can now stand up. Its $39 billion stake in the Alibaba Group, the Chinese e-commerce behemoth -- accounting for about 85 percent of the market value of Yahoo -- has obscured both the weakness and the potential of the Silicon Valley stalwart. By spinning off the stake into a separate company, Yahoo will be judged by its core Internet businesses.   But there may not be much time for strategies and deals to turn those core businesses around. When the spinoff is complete, Yahoo may...
 Sony Teams Spotify With PlayStation for Music Streaming Plans
The New York Times, January 29, 2015 Thursday

 For almost five years now, Sony has maintained a presence in the developing world of streaming music, first under the unwieldy name Qriocity (pronounced ''curiosity'') and then as the more straightforward Music Unlimited.
 Yahoo Could Be Apple's Search Engine if a Deal With Google Ends
The New York Times, January 29, 2015 Thursday

 When Google reports its fourth-quarter earnings on Thursday, one subject that is almost guaranteed to come up is the prospect that Apple could replace Google as the default search engine on Safari, the basic browser on all of its devices. The search contract between the companies is believed to be up for renewal this year. Given that Apple has spent much of the past few years trying to strip Google services like Maps and YouTube out of its products, the natural question is whether Apple will...
 Facebook Sales Beat Forecasts, but Expenses Increase Even Faster
The New York Times, January 29, 2015 Thursday

 SAN FRANCISCO -- When Mark Zuckerberg warned investors three months ago that Facebook's expenses were going to rise sharply, he really meant it. The company reported on Wednesday that revenue increased 49 percent in the fourth quarter compared to the previous year, exceeding Wall Street's expectations. But expenses rose even faster, up 87 percent from the same quarter a year ago, driven in part by a huge increase in stock payouts to employees.   ''We're very pleased with the growth of our...
 Infrastructure Expansion
The New York Times, January 29, 2015 Thursday

 The CommScope Holding Company, a telecommunications equipment maker, has agreed to buy a unit of TE Connectivity for $3 billion in cash, in a bet on consumers' continuing hunger for communicating over data networks.
 Boeing Says Dreamliner Is Set to Yield More Cash
The New York Times, January 29, 2015 Thursday

 Boeing, reporting a strong end to 2014, on Wednesday forecast better cash flow and said that it would deliver more commercial planes in 2015. The company's fourth-quarter profit topped analysts' expectations, and its stock rose 5.4 percent to close at $139.64 on signs that it would soon generate more cash from sales of its new 787 Dreamliner.   After the huge cost of developing the Dreamliner, the first jetliner made substantially with lightweight carbon composites to save fuel, Wall Street...
 Chevron and BP Will Unite on Gulf of Mexico Project
The New York Times, January 29, 2015 Thursday

 LONDON -- Chevron and BP said on Wednesday that they would work together to explore, appraise and, possibly, develop 24 offshore leases in a deepwater part of the Gulf of Mexico known as the lower tertiary.
 Iphone sales stun at 74M; Apple rings up monster quarter; shares rocket
USA TODAY, January 28, 2015 Wednesday

 Apple delivered record quarterly results from -- what else? -- iPhone sales. The company added that Apple Watch will start shipping in April. Apple's first-quarter revenue of $74.6 billion and earnings per share of $3.06 easily surpassed analyst estimates of $67.7 billion and $2.60 for the three-month period ended Dec. 31. Its profit was $18 billion.
 All 3 indexes sink into red for 2015; Earnings misses send Dow down 291; more pain may be ahead
USA TODAY, January 28, 2015 Wednesday

 A batch of earnings reports from major U.S. companies sent the stock market on a wild ride Tuesday that left the Dow down 291 points and raised concerns about how the rest of earnings season will play out.
 Investors applaud Yahoo's $40B move; Shares jump 7% on Alibaba gambit
USA TODAY, January 28, 2015 Wednesday

 Yahoo shares rallied 7% after the company said it would spin off its remaining $40 billion stake in Alibaba into a separate entity. Stock in the new investment company created by the tax-free move, SpinCo, will be distributed to Yahoo shareholders at the end of the year. The maneuver is good news for investors, who saw declining revenues and earnings from Yahoo's most recent quarterly results.
 Spinoff buys Mayer time; But is Alibaba move in best interests of Yahoo shareholders?
USA TODAY, January 28, 2015 Wednesday

 Yahoo CEO Marissa Mayer's plan to spin off the company's $40 billion stake in Alibaba will likely buy her at least another year to turn Yahoo's core business around.
 Google Fiber zipping its way to more cities; Internet service claims to be 100 times faster than average
USA TODAY, January 28, 2015 Wednesday

 Google is bringing speedy Internet to 18 cities in four metro areas in the southeastern United States, the latest expansion of its Fiber project. The Internet giant is promising speeds up to one gigabit per second, about 100 times the average U.S. Internet connection, in Atlanta, Charlotte, Nashville and Raleigh-Durham, N.C.
 Weak Corporate Results Put the Market in a Hole
The New York Times, January 28, 2015 Wednesday

 Stocks slumped Tuesday after some of the market's largest companies reported disappointing earnings, taking investors on a turbulent ride that deepened the losses for the year. The companies that rattled the market included Microsoft, Caterpillar and Procter & Gamble. Some also forecast weaker results in months ahead.   An unexpected drop in U.S. orders of long-lasting goods also weighed on investors, briefly dragging the Dow Jones industrial average down 390 points early in the day before it...
 Aer Lingus Deal Could Spur Airline Consolidation in Europe's Fragmented Market
The New York Times, January 28, 2015 Wednesday

 PARIS -- The European airline industry is one of the biggest in the world, on par with that of the United States. But with more than 150 carriers vying for 800 million passengers each year, Europe is also the world's most fragmented and least profitable airline market. On Tuesday, however, in what analysts say could be a small but encouraging step toward a long-overdue industry consolidation, the Irish flag carrier Aer Lingus said its board had recommended that shareholders accept a sweetened...
 Durable goods orders fall 3.4% in December
Los Angeles Times, January 28, 2015 Wednesday

 Orders for airliners, computers and other long-lasting products unexpectedly declined sharply last month, a sign that economic growth probably slowed in the fourth quarter after its best six-month stretch in a dozen years.
 Amgen profit up 27% in quarter; The company earns $1.29 billion as sales of its arthritis drug Enbrel jump 11%.
Los Angeles Times, January 28, 2015 Wednesday

 Amgen Inc., the Thousand Oaks biopharmaceutical giant, said its fourth-quarter earnings jumped 27%. It beat analysts' estimates, reporting strong sales of its arthritis drug Enbrel.
 3% down-payment loans defended; Regulator for Fannie Mae and Freddie Mac says the mortgages have safeguards.
Los Angeles Times, January 28, 2015 Wednesday

 The regulator for bailed-out housing finance giants Fannie Mae and Freddie Mac told lawmakers that new programs to back mortgages with down payments as low as 3% had enough safeguards to make them as safe as loans with higher down payments.
 American Airlines posts record profits
Fort Worth Star-Telegram (Texas), January 27, 2015 Tuesday

 American Airlines reported a record fourth-quarter profit but Wall Street investors were disappointed with the carrier's unit revenues. Shares of American [ticker: AAL] dropped almost 5 percent in morning trading before rebounding slightly. At 11 a.m., American stock was down 3.5 percent, trading around $53.56 on the Nasdaq exchange. American said its unit revenues, a key metric of an airline's financial performance, declined 1 percent in the fourth quarter, partly due to increased competition...

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