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Pfizer's 2015 forecast disappoints, crimped by generics, dollar
The Pfizer logo is seen at their world headquarters in New YorkPfizer Inc reported stronger-than-expected quarterly sales due to cost cuts and demand for its vaccines and cancer drugs, but the company forecast 2015 earnings below Wall Street expectations, citing patent ...
Pfizer's 2015 forecast disappoints, crimped by generics, dollar
The Pfizer logo is seen at their world headquarters in New York(Reuters) - Pfizer Inc reported stronger-than-expected quarterly sales due to cost cuts and demand for its vaccines and cancer drugs, but the company forecast 2015 earnings below Wall Street expectations, citing patent expirations and the stronger dollar.
Wall Street back to 'business as usual' as storm wanes
A delivery person on a bicycle rides in front of the New York Stock Exchange, open during Winter Storm Juno, in the Manhattan borough of New YorkBy John McCrank and Lauren Tara LaCapra NEW YORK (Reuters) - Wall Street was largely back to business as usual on Tuesday after a storm that had threatened to blanket New York with a few feet of snow ended up dumping several inches instead. "The storm was a bit of a bust," Jamie Selway, managing director and head of electronic brokerage at Investment Technology Group, said on Tuesday morning. The New York Stock Exchange, a unit of Intercontinental Exchange Inc, was open for business as usual along with Nasdaq OMX Group Inc, BATS Global Markets and U.S. bond markets. Investment banks including Goldman Sachs Group Inc, JPMorgan Chase & Co's JPMorgan and Morgan Stanley were open as well.
Canadian National Railway earnings beat, raises dividend
TORONTO (Reuters) - Canadian National Railway Co earnings rose in the fourth quarter, topping expectations on a boost from higher volumes and more efficient operations, the company said on Tuesday, and it boosted its dividend. CN Rail, Canada's biggest railway, raised its quarterly dividend 25 percent to 31.25 Canadian cents per common share. CN Rail's operating ratio, a key efficiency measure, improved 4.1 points to 60.7 percent for the fourth quarter, but lagged CP Rail's 59.8 percent operating ratio. The ratio expresses operating costs as a percentage of revenue, so lower values are ...
AT&T posts slight beat in 4th-qtr earnings
By Malathi Nayak SAN FRANCISCO (Reuters) - AT&T Inc on Tuesday reported earnings and quarterly revenue that slightly beat Wall Street expectations as its mobile device deals attracted more customers. Shares in AT&T were up 2 percent in after-hours trading after closing at $32.81 on the New York Stock Exchange. AT&T said it had added more than 2 million new wireless customers and 854,000 contract subscribers in the quarter.

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World News

Live updates: Massive snowstorm has millions hunkering down

NYC 2015 BlizzardDay Two of a monster snowstorm has major East Coast cities largely shut down.


Gunmen at Libyan luxury hotel take hostages; 3 guards dead

A car bomb has exploded outside the Hotel Corinthia in the Libyan capital Tripoli, pictured here in October 2013TRIPOLI, Libya (AP) — Gunmen stormed a luxury Libyan hotel popular with foreigners Tuesday, killing at least three guards and taking hostages, a security official said.


Senate blocks swift passage of Keystone XL pipeline bill

A depot used to store pipes for Transcanada Corp's planned Keystone XL oil pipeline is seen in Gascoyne North DakotaDemocrats in the U.S. Senate blocked the Keystone XL pipeline bill from moving forward on Monday, but supporters of the project vowed to push ahead and eventually get a vote on the measure. The Senate failed to get the 60 votes needed to limit debate, voting 53 to 39 on the measure. The Keystone bill allows Congress to approve TransCanada Corp's project to link Canada's oil sands to refineries on the Gulf Coast. Democrats, who lost control of the Senate as a result of November's elections, flexed their muscles to deliver a message to Majority Leader Mitch McConnell that he will have to deal with them even on bills that enjoy some bipartisan support.


'Life-threatening' blizzard shuts down much of U.S. Northeast

An New York Police Department officer takes photographs while keeping security during a snowstorm in Times Square, New YorkBy Jonathan Allen and Barbara Goldberg NEW YORK (Reuters) - A life-threatening blizzard barreled into the U.S. Northeast, affecting up to 20 percent of Americans as it kept workers and students housebound, halted thousands of flights and prompted New York to ban cars from roads and shut down subway trains. With memories still fresh of Sandy, a superstorm that ravaged the East Coast in 2012, the governors of six East Coast states declared emergencies. The National Weather Service warned of a "life-threatening blizzard" that could dump as much as 30 inches (76 cm) of snow on parts of the region at rates up to four inches an hour. Winds might gust up to 55 mph (80 kph) around New York City.


Two officers shot, suspect killed in Minnesota city hall shooting
A man shot two police officers shortly after a swearing in ceremony at a city hall in a Minneapolis suburb on Monday night and then was fatally shot by other officers in a rapid exchange of fire, authorities said. The two police officers were in good condition and were expected to survive after the shooting at the city hall in New Hope, Minnesota, Chief Deputy Mike Carlson of the Hennepin County Sheriff's Office told a news conference. Two new officers were sworn in shortly after 7 p.m. near the start of a regular city council meeting and were fired at just after they left the council chambers by an adult male, Carlson said. Council member John Elder, a spokesman for the Minneapolis Police Department, can be heard saying, "Get down, get down, everybody get down.

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