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U.S. markets news

You love a strong dollar and cheap oil. But they're bringing big companies down
Oil is cheap, the dollar is strong, Americans are happy - and the business world is peeved. Stocks plummeted Tuesday amid a blizzard of big-name disappointments from stalwarts like Microsoft, Procter & Gamble and Caterpillar, which largely blamed their ...
US stocks tumble amid disappointing results by companies from Caterpillar to ...  Buffalo News
Global weakness pummels markets  Chicago Tribune
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
Will Yahoo's Spin of Its Alibaba Stake Satisfy Starboard?  Wall Street Journal
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 ...
Consumer confidence up sharply, at highest point since before Great ...
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.
Jobless-rate moves in 2014: Colorado best, Louisiana worst
Virginia's unemployment falls to 4.8 percent in December; lowest since ...  Fox Business
Obama fires first in coming 'battle royal' over Atlantic drilling
A jogger gets in some exercise on the Grand Strand in Myrtle Beach, South Carolina. The Strand is a 60-mile stretch of coastline. Store.
Obama's Plan: Allow Drilling in Atlantic, but Limit It in Arctic  New York Times
Obama proposes Atlantic oil drilling; parts of Alaska kept off-limits  Los Angeles Times
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
Amgen tops Street 4Q forecasts
FILE - This Nov. 9, 2014 file photo shows signage at the entrance to Amgen offices in Thousand Oaks, Calif. Amgen reports quarterly financial results on Tuesday, Jan. 27, 2015.
Amgen Profit Tops Analysts' Estimates on Drug Sales, Tax Credit  Bloomberg
Amgen profit tops expectations on Enbrel sales, tax credit  CNBC
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