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  • BAGHDAD, Jan 27- Falling oil prices forced Iraq's cabinet on Tuesday to revise its draft 2105 budget, trimming its forecast for oil to $55 a barrel from $60.

  • South State misses 4Q profit forecasts Tuesday, 27 Jan 2015 | 8:51 AM ET

    COLUMBIA, S.C. _ South State Corp. on Tuesday reported fourth-quarter profit of $21.2 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • MOSCOW, Jan 27- The decision by Standard& Poor's rating agency to cut Russia's sovereign credit rating to below investment grade was largely expected, RIA Novosti news agency cited First Deputy Central Bank Governor Ksenia Yudayeva as saying on Tuesday. "We believe that, to a large extent, this was expected," Yudayeva said. "In general, it was already taken into...

  • *UAE markets stabilise after sell-off. DUBAI, Jan 27- Saudi Arabia's petrochemicals sector surged on Tuesday after OPEC's secretary-general said oil prices might have bottomed out and warned of a jump to $200 a barrel if investment in new supplies became too low. The main Saudi stock index jumped 2.4 percent in the heaviest trade this month, as shares in...

  • PLYMOUTH, Mass.— Officials say a Massachusetts nuclear power plant was forced to shut down during the blizzard but there was no danger to the public. In a statement, officials at the Pilgrim nuclear power plant in Plymouth said it stopped operating in accordance with procedure after distribution lines that send power from the plant to the electric grid became...

  • Capital City Bank posts 4Q profit Tuesday, 27 Jan 2015 | 8:45 AM ET

    TALLAHASSEE, Fla. _ Capital City Bank Group on Tuesday reported fourth-quarter earnings of $1.9 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share. Capital City Bank shares have fallen roughly 5 percent since the beginning of the year.

  • Jan 27- Procter& Gamble Co, the world's largest household products maker, said net sales would fall 3-4 percent in the full year due to a stronger dollar, sending its shares down 3 percent in premarket trading. Procter& Gamble Co said the exchange rates would reduce full-year sales by 5 percent and profit by 12 percent. Net profit attributable to the company fell...

  • WASHINGTON— Orders for US durable goods fall 3.4 percent in December with big drop in airlines.

  • AVX posts 3Q profit Tuesday, 27 Jan 2015 | 8:42 AM ET

    FOUNTAIN INN, S.C. _ AVX Corp. on Tuesday reported fiscal third-quarter net income of $39 million. The Fountain Inn, South Carolina- based company said it had net income of 23 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • AK Steel tops Street 4Q forecasts Tuesday, 27 Jan 2015 | 8:42 AM ET

    WEST CHESTER, Ohio _ AK Steel Holding Corp. on Tuesday reported fourth-quarter profit of $13.5 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share. Analysts expected $1.92 billion, according to Zacks.

  • International Speedway posts 4Q profit Tuesday, 27 Jan 2015 | 8:39 AM ET

    DAYTONA BEACH, Fla. _ International Speedway Corp. on Tuesday reported fiscal fourth-quarter net income of $25.8 million. International Speedway expects full-year earnings in the range of $1.10 to $1.30 per share, with revenue in the range of $615 million to $630 million. International Speedway shares have fallen 3 percent since the beginning of the year.

  • Peoples Bancorp posts 4Q profit Tuesday, 27 Jan 2015 | 8:39 AM ET

    MARIETTA, Ohio _ Peoples Bancorp Inc. on Tuesday reported fourth-quarter net income of $4.2 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share. Peoples Bancorp shares have dropped almost 2 percent since the beginning of the year.

  • Pfizer Inc.' s fourth-quarter profit fell by half as worsening generic competition and unfavorable currency rates reduced sales, and higher research spending and legal costs also hurt the bottom line. Pfizer revenues have been declining amid a long wave of patent expirations, which allows much cheaper generic versions of its drugs to corner the market, while...

  • Jan 27- Lockheed Martin Corp, the Pentagon's largest arms supplier, reported a better-than-expected 8.6 percent rise in quarterly revenue, helped by higher demand for its F-35 fighter jets. The Pentagon is trying to cut about $1 trillion in projected spending from its budget over a decade as required by a 2011 law. Lockheed, which also makes satellites and...

  • Synovus tops 4Q profit forecasts Tuesday, 27 Jan 2015 | 8:30 AM ET

    COLUMBUS, Ga. _ Synovus Financial Corp. on Tuesday reported fourth-quarter net income of $53.2 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share. Analysts expected $272.7 million, according to Zacks.

  • LONDON, Jan 27- Brent crude oil future prices held above $48 on Tuesday as a weaker dollar offset the impact of a global supply glut, with traders questioning if the nearly 60 percent price fall since June has run its course. Brent hit $45.19 on Jan. 13, the lowest since 2009 and down from a June 2014 peak of $115.71, but has since traded in a narrow band of $47- $50.62.

  • PARIS, Jan 27- Airbus Helicopters is betting on military deals with Poland, Qatar and Kuwait to boost orders this year as the plunge in the price of crude pressures civil demand from oil exploration companies, its chief executive said on Tuesday. Whilst total deliveries fell last year, they included a record 101 heavyweight helicopters- 53 NH90s and 48 Super Pumas-...

  • Jan 27- Coal miner Peabody Energy Corp reported a smaller quarterly loss, helped by lower operating costs in Australia and the United States. The company's net loss attributable to common stockholders narrowed to $514.6 million, or $1.92 per share, in the fourth quarter ended Dec. 31, from $565.7 million, or $2.12 cents per share, a year earlier.

  • Freeport-McMoran reports 4Q loss Tuesday, 27 Jan 2015 | 8:24 AM ET

    PHOENIX _ Freeport-McMoran Copper& Gold Inc. on Tuesday reported a fourth-quarter loss of $2.85 billion, after reporting a profit in the same period a year earlier. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share. Analysts expected $5.18 billion, according to Zacks.

  • Peabody reports 4Q loss Tuesday, 27 Jan 2015 | 8:21 AM ET

    ST LOUIS, Mo. _ Peabody Energy Corp. on Tuesday reported a loss of $514.6 million in its fourth quarter. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 36 cents per share. Analysts expected $1.63 billion, according to Zacks.