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Tuesday, January 21, 2014

Daily Investor Briefing: IBM revenue falls short of...

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01/21/2014
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
IBM revenue falls short of expectations, shares fall
(Reuters) - International Business Machines Corp, the world's largest technology services company, reported its seventh straight quarterly decline in revenue that also fell short of estimates, hurt by lower demand for its services and hardware.
S&P and Nasdaq rise; Dow off on earnings
NEW YORK (Reuters) - U.S. stocks mostly rose on Tuesday boosted by commodity-related stocks, though the price-weighted Dow industrials fell on disappointing earnings from three of its components.
Peltz to join Mondelez board, ends push for PepsiCo deal
(Reuters) - Mondelez International Inc , maker of Cadbury chocolate and Oreo cookies, on Tuesday added activist investor Nelson Peltz to its board in a compromise agreement that ends his campaign to have PepsiCo Inc take over the company.
Rising CEO confidence in economy, but plenty of worries in Davos
DAVOS, Switzerland (Reuters) - Business leaders gathering for their annual high-profile networking forum in Davos are feeling a bit better about their companies' prospects and a lot more so about the broader economic outlook.
Secret Service probes link between border arrests, Target data breach
WASHINGTON (Reuters) - The U.S. Secret Service said on Tuesday it was checking for links between the recent hacking of consumer data from Target Corp and the weekend arrest of two Mexicans who tried to enter the United States at a Texas border crossing with a cache of fraudulent credit cards.
Verizon revenue climbs on sturdy mobile growth
NEW YORK (Reuters) - Verizon Communications Inc reported faster subscriber growth and stronger profits than expected at its Verizon Wireless venture with Vodafone Group Plc, easing some concerns about intensifying competition if only temporarily.
Mohamed El-Erian resigns from Pimco, to stay on at Allianz
FRANKFURT (Reuters) - Allianz late on Tuesday said Mohamed El-Erian, Chief Executive Officer at its asset management unit Pacific Investment Management Company (PIMCO), has resigned, but would stay on the Allianz International Executive Committee.
Exclusive: North Dakota governor says railcar safety standards for crude needed now
NEW YORK (Reuters) - Provisional safety standards for railcars carrying crude oil are needed as soon as possible, not next year as the U.S. Department of Transportation expects, North Dakota Gov. Jack Dalrymple said in an interview on Tuesday.
Carl Icahn, banks prevail in lawsuits by Herbalife short-seller
NEW YORK (Reuters) - A U.S. court has dismissed a short-seller's lawsuits accusing activist investor Carl Icahn and three large banks of perpetuating a pyramid scheme at nutritional products company Herbalife Ltd .
Insight: Deep Shell problems weigh on new boss van Beurden
LONDON (Reuters) - Royal Dutch Shell's chief executive Ben van Beurden has, on the face of it, played the classic "new boss" card - using a barely justified profit warning to brighten his own future by making the past look bad.
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