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U.S. markets news

Wall Street falls 1 percent on earnings; Apple rallies late
NEW YORK (Reuters) - U.S. stocks closed more than 1 percent lower on Tuesday as disappointing results from a number of bellwether companies pointed to weakening conditions, while an unexpected decline in durable goods orders also weighed on ...
You love a strong dollar and cheap oil. But they're bringing big ...  Washington Post
Global weakness pummels markets  Chicago Tribune
ABC 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
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
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
Strong US dollar drags down earnings of key multinational firms
The surging U.S. dollar is inflicting damage on some of the world's biggest multinationals, sending the Dow to a triple-digit loss and raising fresh doubts about the momentum of sales growth for the year ahead.
Dow Jones industrial average falls 291 points after companies report ...
11 stocks pummel the Dow  USA TODAY
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
UPDATE 4-Caterpillar warns of 2015 sales hit from falling oil price  Reuters
Obama's Plan: Allow Drilling in Atlantic, but Limit It in Arctic
WASHINGTON - The Obama administration on Tuesday announced a proposal to open up coastal waters from Virginia to Georgia for oil and gas drilling.
Obama administration opens up southern Atlantic coast to offshore drilling ...  Washington Post
Obama fires first in coming 'battle royal' over Atlantic drilling  McClatchy Washington Bureau
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 Sales Forecast Misses Estimates in Move to Cloud Software  Businessweek
VMware profit falls despite higher sales  MarketWatch
Amgen profit tops expectations on Enbrel sales, tax credit
Jan 27 (Reuters) - Amgen Inc on Tuesday reported higher-than-expected fourth-quarter profit, driven by strong sales of its blockbuster rheumatoid arthritis drug Enbrel and a tax credit.
Amgen tops Street 4Q forecasts  Ocala
Western Digital's 2nd-qtr results beat Street on strong enterprise growth
Jan 27 (Reuters) - Western Digital Corp, the world's No. 1 hard-disk drive maker, reported second-quarter results slightly ahead of Wall Street expectations on strong demand for its solid-state drives from enterprise customers.
Western Digital Results Top Expectations  Wall Street Journal
Western Digital Beats Expectations  Orange County Business Journal