US markets closed mixed in a surprising move upwards believed to be HFT actions and helped by strong gains in Facebook and Alphabet. The large caps closed in the red fractionally and the small caps closed up in the plus 0.15%. The bad news is that the 'U.S. vulnerable to global slowdown, volatility' says Fed's Fischer.
WASHINGTON (Reuters) - U.S. manufacturing activity contracted in January for a fourth straight month as factories grappled with a strong dollar and lower oil prices forced energy firms to further cut spending, but the pace of the decline appeared to be slowing.
WASHINGTON (Reuters) - Volkswagen AG faces a Feb. 2 deadline to submit a repair plan for 80,000 diesel SUVs and larger cars that emit excess pollution, even as it considers buying back some vehicles and a prior fix plan for smaller vehicles was rejected.
NEW YORK (Reuters) - The U.S. economy could suffer, with inflation remaining too low, if recent volatility in financial markets persists and signals a slowdown in the global economy, the Federal Reserve's second-in-command said on Monday.
WASHINGTON (Reuters) - President Barack Obama is likely to discuss a range of issues from international trade to Puerto Rico's fiscal crisis when he meets with House Speaker Paul Ryan and Senate Majority Leader Mitch McConnell on Tuesday, White House spokesman Josh Earnest said.
(Reuters) - Abbott Laboratories said it would buy Alere Inc for $5.8 billion to become a leader in point-of-care testing, a fast-growing market as physicians increasingly adopt rapid tests that speed up treatment.
(Reuters) - Yahoo Inc Chief Executive Marissa Mayer is set to reveal cost-cutting plans that include slashing 15 percent of its workforce, or roughly 1,600 jobs, and closing several business units, the Wall Street Journal reported on Monday.
WASHINGTON (Reuters) - Banks lowered lending standards for U.S. households in the fourth quarter but tightened them for commercial and industrial loans, according to a survey of loan officers released on Monday by the Federal Reserve.
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