Today's Top Stories - January 27, 2015  


BEWARE U.S. stock index futures signaled a lower open on Tuesday as New York struggles to get to work through heavy snowfalls with fourth quarter-earnings from Apple and Pfizer set to take center stage More

EUROPE: European markets were lower in morning trade on Tuesday, as investors focused on corporate earnings and the continued fallout from Greece's parliamentary elections More

ASIA: Asian shares hit fresh highs on Tuesday, as investors deemed a Greek exit from the euro zone unlikely despite an election victory by anti-austerity party Syriza in Sunday's snap election. Chinese equities bucked the rising trend as new data served up fresh concerns about the impact of a cooling economy More

OIL: Oil prices steadied above $48 a barrel on Tuesday, recovering from earlier losses as the dollar weakened against the euro More

US oil producers can’t keep drilling at $45 oil: Pickens … Oil producers in West Texas and North Dakota "can't drill for $45 oil," Pickens said on CNBC's "Street Signs, predicting oil prices would be back near $70 or $80 a barrel by the fourth quarter of this year More

How we’re preparing for $25 oil: Lukoil CEO With oil companies staring down the barrel of low prices, they are realising that they have to prepare for ever more drastic scenarios More

GOLD: Gold struggled on Tuesday to recover losses from the previous two sessions as a firm U.S. dollar and strength in equities dulled the metal's appeal as a hedge, keeping the yellow metal firmly below a five-month high More

Feds’ unemployment benefits made job recession worse: Study … If you pay people not to work, they won’t work — and cutting off their payments sends them scurrying back into the job market, according to new research by three academics who looked at the federal government’s extended unemployment benefit program and concluded that it actually deepened, rather than helped, the jobs recession More

Federal budget shows short-term rebound, long-term deficits …The economy will rebound strongly over the next two years, then settle into a more normal economic cycle that will see steady but slow growth, albeit significantly less than the U.S. saw in the 1980s and 1990s, the Congressional Budget Office said Monday More

AT&T to buy Nextel Mexico from Reston-based NII Holdings … Virginia company is undergoing restructuring after filing Chapter 11 bankruptcy in September More

MeadWestvaco merging with RockTenn … Combined $16 billion company will keep its principal executive offices in Richmond More

Another quarter, another blowout expected for Apple earnings … The tech giant is scheduled to report its first quarter earnings after the closing bell on Tuesday. And as of Monday, analysts were expecting the company to report earnings of $2.60 per share on revenue of $67.69 billion, according to a Thomson Reuters survey of 40 analysts. Those numbers account for a 26 percent and 18 percent increase year over year, respectively More

Scientists unboil an egg, and it may be a big deal … Scientists have figured out how to unboil an egg … It may seem like a mere parlor trick, but it is an achievement that could "dramatically" cut costs for cancer treatments, food production and other research in the $160 billion global biotechnology industry, according to a press release that was posted online Friday More


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  Quote OF THE DAY    


"Republicans complain when Democrats call them racists. But when have you ever heard a Republican counterattack? You don't win by protesting your innocence or whining about the unfairness of the charge. Yet when have you heard a Republican reply by saying, "You're a lying demagogue without a speck of evidence. Put up or shut up!"

~ Thomas Sowell






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