Today's Top Stories - March 5, 2015  

 

BEWARE THE BELL! U.S. stock index futures signaled a flat-to-higher open on Thursday ahead of comments by European Central Bank (ECB) President Mario Draghi, scheduled ahead of Wall Street's open More

EUROPE: European equities were higher in morning trade on Thursday as investors awaited the outcome of the European Central Bank's (ECB) policy meeting More

ASIA: Asian stock markets traded mostly lower on Thursday, following a weak lead from Wall Street, and as China set its gross domestic product (GDP) growth target at 7 percent for 2015 More

OIL: Brent crude future prices rose above $61 a barrel on Thursday, as investors brushed aside bearish U.S. inventories data to focus on tensions in Iraq and Libya More

GOLD: Gold steadied around $1,200 an ounce on Thursday after a three-day losing streak, as investors remained cautious ahead of a European Central Bank meeting set to give details on its massive bond-buying program and the release of key U.S. economic data More

Transcripts: Bernanke was ‘uncomfortable’ with Bank of America bailout Amid the financial crisis in January 2009, then-Federal Reserve Chairman Ben Bernanke told colleagues he was “uncomfortable” with providing extra aid to Bank of America, but that he also wasn’t willing to draw a line on bailouts if it meant the failure of such a large firm, according to transcripts released on Wednesday. More

Employers cut 50,579 jobs in Feb: Challenger Employers cut fewer jobs in February than in the previous month, but total layoffs remained high compared to a year ago More

Home equity loans face new risk A new study now finds that more than half of HELOC borrowers facing reset still owe more on their mortgages than their homes are worth More

Expect low prices, more volatility in oil: Exxon CEO Investors should brace themselves for more volatility in the oil market, with prices staying around current levels for a while, Exxon Mobil CEO Rex Tillerson says More

Worried about an audit? No need, if you do this According to recently released data, the Internal Revenue Service audited just 0.86 percent of all individual tax returns last year—its lowest rate in a decade. Your odds could be even better this year as the IRS faces new budget cuts."The math is pretty simple," IRS Commissioner John A. Koskinen said in a speech last month before the New York State Bar Association. "There are fewer audits because we have fewer auditors." More

Costco Wholesale reported a better-than-expected quarterly profit, helped by a tax benefit related to its special cash dividend last month More

AbbVie to buy cancer drug maker Pharmacyclics in $21 billion deal … AbbVie will pay $261.25 per share in cash and stock, a 13 percent premium to Pharmacyclics stock's closing price on Wednesday on the Nasdaq More


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