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  • BOSTON/ NEW YORK, Jan 27- A blizzard swept across the northeastern United States on Tuesday, dropping as much as 2 feet of snow across Massachusetts and Connecticut even as its impact on New York City fell short of dire predictions. The governors of New York and New Jersey lifted travel bans they had imposed a day earlier and New York City's subway system restarted...

  • Orange County, Ca. Jan 27- Welcome to the utility industry's future- or at least that's what Southern California Edison is hoping. Here in a non-descript, 53,500- square-foot building, the $12 billion utility's research team is testing everything from charging electronic vehicles via cell phone to devices that smooth out the power created by rooftop solar...

  • EU says near deal with Washington on derivatives rules Tuesday, 27 Jan 2015 | 12:42 PM ET

    LONDON, Jan 27- The European Union and the United States are poised to accept each other's rules on financial derivatives trading in a bid to prevent a global market that supports economic growth from fragmenting, a senior EU official said on Tuesday. The bulk of swaps are traded in London and New York and banks say the prospect of rule clashes is already...

  • WASHINGTON, Jan 27- The head of the Senate committee responsible for trade said on Tuesday he hopes to present a bill to streamline the passage of trade deals through the U.S. Congress in February. Senate Committee on Finance Chairman Orrin Hatch said he was still working with the top Democrat on the panel, Ron Wyden, and others on the final form of the bill.

  • United Tech cuts 2015 forecasts on currency worries Tuesday, 27 Jan 2015 | 12:24 PM ET
    United Technologies

    United Technologies cut its full-year outlook because of the negative impact of a stronger dollar as the U.S. conglomerate reported higher earnings.

  • LONDON, Jan 27- Copper slid on Tuesday back towards the prior session's 5-1/ 2 year low on concerns over slowing growth and weak demand in top consumer China as well as rising metal inventories. Data showed China's factory profits grew at their weakest rate in two years in 2014 as economic growth slipped to a 24- year low, underscoring the challenges the country...

  • Uber says ride services reduce drunk driving Tuesday, 27 Jan 2015 | 12:22 PM ET

    SAN FRANCISCO, Jan 27- Uber, a ride service facing legal challenges around the world, on Tuesday released a survey showing that people are less likely to drive home after drinking alcohol after such businesses started operating in their cities. MADD President Colleen Sheehey-Church said she was delighted to work with Uber. The data came from the California...

  • Most bullish U.S. bond investors in 8 weeks -survey Tuesday, 27 Jan 2015 | 12:18 PM ET

    NEW YORK, Jan 27- Mounting worries about weak global growth boosted the number of investors who are bullish on longer-dated U.S. Last week's bond purchase program introduced by the European Central Bank, along with falling Wall Street stock prices, spurred purchases of 30- year U.S. This was the biggest share of long investors since Dec. 1, J.P. Morgan said.

  • Greek markets slide on fears of clash with creditors Tuesday, 27 Jan 2015 | 12:18 PM ET

    *Bank stocks plummet, pulling down Athens index. LONDON, Jan 27- Greek borrowing costs jumped and a dive in bank stocks dragged down the Athens bourse on Tuesday, after weekend elections resulted in an anti-bailout government that looks set on a collision course with the country's creditors. This was up four percentage points since Sunday's vote although down...

  • CHICAGO, Jan 27- Caterpillar Inc on Tuesday cut its 2015 profit outlook and warned the plunge in oil prices would hurt its energy equipment business, sending shares tumbling as much as 8 percent. During the fourth quarter, Caterpillar's energy business helped offset weakness in mining equipment orders due to lower prices for copper, coal and iron ore and a drop in...

  • CHAIRMAN OF U.S. SENATE COMMITTEE RESPONSIBLE FOR TRADE SAYS STILL WORKING ON TRADE PROMOTION AUTHORITY BILL, HOPES TO HAVE IT IN FEBRUARY.

  • SAO PAULO, Jan 27- Brazilian mall and supermarket associations on Tuesday forecast slowing sales growth after a weak 2014, with revenues scarcely keeping up with inflation and store openings as consumer sentiment sours. The meager 2015 forecasts reinforce a grim outlook for Brazilian retailers, as higher taxes, rising interest rates and stagnant job growth...

  • U.S. stocks are tumbling in midday trading, weighed down by disappointing forecasts from big-name companies and an unexpected drop in orders of long-lasting goods. The Dow Jones industrial average was down 357 points, or 2 percent, to 17,321 as of 12 p.m. Eastern time Tuesday. Microsoft shares slid 10 percent a day after the company noted in its quarterly results...

  • Berkshire's NetJets avoids $500M IRS tax claim Tuesday, 27 Jan 2015 | 12:06 PM ET
    A Netjets Inc. sign stands hear a new Embraer Phenom 300 jet at Eppley Airfield in Omaha, Nebraska.

    The private jet-sharing company has defeated an IRS lawsuit attempting to recoup more than $500 million of unpaid taxes and penalties.

  • WASHINGTON— The Obama administration floated a plan Tuesday that for the first time would open up a broad swath of the Atlantic Coast to drilling, even as it moved to restrict drilling indefinitely in environmentally-sensitive areas off Alaska. The plan also calls for leasing 10 areas in the Gulf of Mexico, long the epicenter of U.S. offshore oil production, and...

  • Orange County, Ca. Jan 27- Welcome to the utility industry's future- or at least that's what Southern California Edison is hoping. Here in a non-descript, 53,500- square-foot building, the $12 billion utility's research team is testing everything from charging electronic vehicles via cell phone to devices that smooth out the power created by rooftop solar...

  • Jan 27- Apple Inc has shipped the most number of smartphones in China in the fourth quarter, overtaking Samsung Electronics Co Ltd and homegrown companies such as Xiaomi for the first time, according to data firm Canalys. Apple's iPhone 6 and 6 Plus launched last September have proved to be popular in Asia despite being costlier than most handsets.

  • *Sees 2015 operating profit of $4- $4.20/ share vs est $4.46. Several companies, including Caterpillar Inc, Microsoft Corp and Procter& Gamble Co, have blamed the stronger dollar for their weak results and outlook. DuPont forecast 2015 operating earnings of $4- $4.20 per share, and said it expects sales "to be even with" 2014' s $34.72 billion.

  • The American Petroleum Institute, an industry group, will release its weekly inventory report at 2130 GMT. Official stockpile data for the Jan. 23 week will be issued on Wednesday by the government's Energy Information Administration, or EIA. "It looks like crude is trying to stabilize out here in the mid- $40 level, thanks to the weaker dollar," said Tariq Zahir,...

  • *Russia added 20.73 tonnes in December-IMF. *Gold price rose in December for first time in five months. SINGAPORE, Jan 27- Russia extended its buying spree of gold to a ninth straight month, and the price of gold rose for the first time in five months, data from the International Monetary Fund showed on Tuesday.