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U.S. markets news

Stock Swings Unsettle Investors
When the blizzard blew past Wall Street on Tuesday, the stock market kicked up a storm of its own. U.S. stocks fell Tuesday after disappointing results at blue-chip companies like Microsoft and Caterpillar sparked concerns about the strong dollar's drag on ...
You love a strong dollar and cheap oil. But they're bringing big ...  Washington Post
US stocks tumble amid disappointing results by companies from Caterpillar to ...  Buffalo News  
Yahoo to Spin Off Its Stake in Alibaba
SAN FRANCISCO - Marissa Mayer, chief executive of Yahoo, said on Tuesday that the Internet company would spin off its 15.4 percent stake in Alibaba, China's leading e-commerce company, into a separate company.
Yahoo's Alibaba Spinoff Lays Bare Weakness in Remaining Business  Businessweek
Yahoo sets Alibaba stake spinoff plan, shares jump  Reuters
Consumers are giddy; businesses, not so much
A slew of economic reports Tuesday highlighted the growing confidence of consumers and the emerging concerns of businesses. Consumer confidence surged to a more than seven-year high in January as gasoline prices continued to tumble and job growth ...
US consumer confidence rises to strongest since August 2007  Jamestown Sun
Consumers start 2015 confident  News & Observer
AT&T posts $4B loss on expenses, wireless sales up
AT&T, one of the largest U.S. telecom companies, said Tuesday its wireless sales grew nearly 8% in the 2014 fourth quarter but reported a net loss of $4 billion as operating expenses rose.
AT&T results beat Wall Street, shares rise after hours  Fortune
AT&T Beats Profit Estimates as Promotions Win Over Customers  Bloomberg
The Stock Market's Shock is Surprising
China's slowdown is expected to hit construction-equipment sales at Caterpillar, but that shouldn't come as a surprise. Photo: Reuters.
Caterpillar Hurt By Low Prices  Investor's Business Daily
Caterpillar CEO: Lower oil hits earnings, outlook  CNBC
42 States Show Drop in Unemployment Rates
Unemployment rates fell in 42 states last month, the latest sign that strong hiring is increasing job opportunities nationwide. The Labor Department said on Tuesday that rates rose in just four states and were unchanged in four others.
Louisiana jobless rate rises even as job totals hit record highs
Maryland Adds 11000 Jobs in December  WBOC TV 16
Obama's Plan: Allow Drilling in Atlantic, but Limit It in Arctic
WASHINGTON - The Obama administration moved Tuesday to open up a vast stretch of East Coast waters to oil and gas drilling, a decision that could have a profound impact on the economic and environmental future of states from Virginia to Georgia.
Obama proposes Atlantic oil drilling; parts of Alaska kept off-limits  Los Angeles Times
Obama fires first in coming 'battle royal' over Atlantic drilling  The Olympian
VMware adj profit beats Street for 8th qtr in a row
Jan 27 (Reuters) - Virtualization software maker VMware Inc's adjusted profit beat the average analyst estimate for the eighth straight quarter due to strong demand for its products that help cut the cost of moving data to the cloud.
VMware's New Tech Shows Promise During Q4, But Shift To Cloud Could ...  CRN
VMware Sales Forecast Misses Estimates in Move to Cloud Software  Businessweek
Can media do for Snapchat what it did for Facebook?
Snapchat is distancing itself from its core messaging feature with its latest update. In place of chatting between friends, it's focusing on broadcasts from content brands.
Snapchat's Update Apparently Means Cheaters Can Run Wild Without Getting ...  E! Online
Amgen tops Street 4Q forecasts
Amgen Inc. cruised to a 27 percent jump in fourth-quarter profit and beat Wall Street expectations, due to higher sales of nearly all its medicines, tight cost controls and a tax benefit.
Amgen profit tops expectations on Enbrel sales, tax credit  KFGO