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'There will be a price': Obama team reportedly fuming over Netanyahu visit

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'There will be a price': Obama team reportedly fuming over Netanyahu visit
'There will be a price': Obama team reportedly fuming over Netanyahu visit

The Obama administration reportedly is fuming over Israeli Prime Minister Benjamin Netanyahu's plans to address Congress in March regarding the Irania...

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Kentucky State Senator: 1891 Rule Voids My DUI Bust (Newser Happy Hour 6-pack)

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The day's six most popular stories, in time to unwind.


Kentucky State Senator: 1891 Rule Voids My DUI Bust

Kentucky State Senator: 1891 Rule Voids My DUI Bust

(Newser) - A Kentucky state senator accused of driving drunk on the legislature's opening day this month has invoked a law brought in by predecessors who traveled in horse-drawn carriages. Brandon Smith's lawyer filed a request this week to dismiss his DUI charge based on an 1891 provision in the... More  »

 
Billionaire Tells Rest of Us to Live More Modestly

Billionaire Tells Rest of Us to Live More Modestly

(Newser) - Jeff Greene describes the $195 million price tag of a 23-bathroom Beverly Hills estate he's spent seven years building—and has now put on the market—as "quite reasonable." He lives in a 35,000-square-foot estate in Palm Beach, Fla., with its own private beach. And when... More  »

 
Death of Girl Who Refused Chemo Under Investigation

Death of Girl Who Refused Chemo Under Investigation

(Newser) - Makayla Sault made headlines last year when, after undergoing 12 weeks of chemotherapy to treat her acute lymphoblastic leukemia, she stopped treatment in May, opting instead for "traditional" medicine. The 11-year-old member of the First Nations tribe in Canada died of an apparent stroke Sunday, which her family says... More  »

 
In Lake Ontario, 2 Wrecks That 'Aren't Supposed to Be There'

In Lake Ontario, 2 Wrecks That 'Aren't Supposed to Be There'

(Newser) - A team of shipwreck-hunting enthusiasts who've spent years trolling the unpredictable waters of Lake Ontario say they've stumbled upon wrecks whose appearance completely stumps them. Two canal boats on the bottom of the lake—more than 200 feet deep—lie within a few miles of each other about... More  »

 
Frat Trashed Resort to Tune of $75K: Manager

Frat Trashed Resort to Tune of $75K: Manager

(Newser) - Members of six University of Michigan fraternities and sororities who may have watched Animal House one too many times are accused of causing nearly $100,000 in damage at two ski resorts last weekend, the Detroit Free Press reports. Smashed ceiling tiles, broken windows and furniture, filthy rooms, and ruined... More  »

 
Biggest Asteroid Fly-By Until 2027 Happens Monday

Biggest Asteroid Fly-By Until 2027 Happens Monday

(Newser) - If you've ever wanted to get a good look at an asteroid, Monday night will be your best chance for more than a decade. Asteroid 2004 BL86, a space rock about a third of a mile in diameter, will be 745,000 miles away on Monday, around three times... More  »

 

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DOW FALLS 140, UPS GETS CRUSHED: Here's What You Need To Know

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January 23, 2015

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Stocks finished the day mixed, as the tech-heavy Nasdaq was the only major average to finish in positive territory while the S&P 500 and Dow gave up some of yesterday's big gains, losing most of their ground in the final hour of trading.

First, the scoreboard:

  • Dow: 17,672.6, -141.5, (-0.8%)
  • S&P 500: 2,051.8, -11.3, (-0.6%)
  • Nasdaq: 4,757.9, +7.5, (+0.1%)

And now, the top stories on Friday:

1. Last night, news broke that Saudi King Abdullah bin Abdulaziz died at 91. This move briefly impacted the price of oil, as Saudi Arabia has been the leading voice within OPEC, the 12-member oil cartel that has declined to cut production in the face of declining production. On Friday, oil prices ultimately finished lower, with West Texas Intermediate crude settling below $46 for the week. 

2. The latest rig count from oil driller Baker Hughes showed that the number of oil and gas rigs in the US continues to tumble, last week falling by 43, with 6 natural gas rigs coming online and 49 oil rigs shutting down last week. The number of oil rigs in use is now down by almost 20% from its October high, and earlier this week, Baker Hughes said that during oil downturns the number of rigs in use typically falls by 40%-60%. 

3. UPS said on Friday morning that its fourth quarter earnings will miss expectations, and shares of shipping giant fell nearly 10% following the announcement. UPS attributed the likely shortfall in its quarterly earnings to "underperformance" from its US domestic segment. In a release, UPS CEO David Abney said, "Clearly, our financial performance during the quarter was disappointing." UPS rival FedEx, meanwhile, affirmed its full-year earnings outlook. 

4. McDonald's reported earnings that were mixed, as global same-store sales fell 0.9% in the fourth quarter and US same-store sales were off 1.7%, though both of these declines were less than expected by Wall Street analysts. In a statement McDonald's CEO Don Thompson said the company's business continues to face "meaningful headwinds," and said same-store sales in January are expected to be negative while results will, "remain pressured, particularly in the first half of the year."

5. Cloud storage company Box made its debut on the New York Stock Exchange on Friday, opening for trade at $20.20 per share after its IPO price at $14 on Thursday night. Ahead of the IPO, the company was talked up by CNBC personality Jim Cramer, who said he liked shares at $18. Box shares gained more thn 60% to close at $23.23 on Friday. 

6. On the economic data front, existing home sales in December rose 2.4% to an annualized pace of 5.04 million, though existing home sales in 2014 totaled 4.93 million, a 3.1% decline over the prior year. Following the results, Lawrence Yun, chief economist at the National Association of Realtors said that existing home sales were up more than 8% in the second half of the year compared to the first as inventory increased, though a decrease in current inventory could create affordability issues in the next few months. 

7. As the market continued to digest the European Central Bank's big quantitative easing announcement from Thursday, the euro continued to fall against the US dollar, breaking below 1.12 to make a new 11-year low. 

Don't Miss: An Economics Professor Explains The Danger Of Deflation »

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Beats Cofounder Jimmy Iovine Just Bought This Malibu Mansion For $60 Million

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January 23, 2015
Beats Cofounder Jimmy Iovine Just Bought This Malibu Mansion For $60 Million Beats Cofounder Jimmy Iovine Just Bought This Malibu Mansion For $60 Million

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Sex Isn't The Answer To The Student-Loan Crisis
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The student-loan crisis is not a good excuse for promoting...  Read»
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This Drug Lord Owned A Company With A Chicken Logo Just Like The Guy On 'Breaking Bad'
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A Texas drug lord who owned a produce company that shipped large...  Read»
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The Navy Is Scrapping The Aircraft Carrier Once Called The 'Top Gun Of The Pacific'
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It will take a miracle to save the USS Ranger from being...  Read»
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Dozens Of Finns And Swedes Are Flocking To Syria And Iraq To Fight For ISIS
This week, police and security forces in Finland and Sweden have...  Read»
4 Reasons Your Diet Failed
I hear it all the time: You have tried every diet out there, and...  Read»
Emma Watson Launches Equality Initiative During Passionate Speech At Davos
"Harry Potter" actress Emma Watson, 24, has become a public figure for...  Read»
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A Florida Money Manager Used $17 Million Of His Investors' Money As His Own Piggy Back
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FA Insights is a daily newsletter from Business Insider that delivers...  Read»
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The Fabulous Life Of Notch, The Hard-Partying Founder Of Minecraft
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How To Get What You Want When You Call Customer Service
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The Doomsday Clock Is Now 2 Minutes Closer To Global Disaster
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They've Finally Figured Out What Animal Humans Domesticated First
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At one time or another, we have all pondered the question of which came...
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Here's How Your Credit Card Number Can Be Stolen Right From Under Your Nose
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There are several things people freak out about when their wallets or...
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