Economic Times

Sony Records 84 Pct Quarterly Profit Drop on Movie Loss
New York Times
TOKYO — Japanese electronics and entertainment company Sony Corp. says its profit dropped 84 percent in October-December as losses in its movie division offset healthy results in its video game business. Tokyo-based Sony, which makes the PlayStation …
Sony Cuts Outlook on Film Unit Writedown, Profit DeclineBloomberg
Sony slashes profit forecast on studio lossesMarketWatch
Sony Film Unit Posts $920 Million Quarterly LossHollywood Reporter
Nasdaq –Yahoo News –TheWrap –Nikkei Asian Review
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Reuters

PRECIOUS-Gold hits over 1-wk top as Fed keeps rates steady
Reuters
… * Spot gold may retest resistance at $1,219 per ounce – technicals * Platinum hits highest since November 2016 * SPDR Gold holdings rise 1.34 pct to 809.74 tonnes on Wednesday (Adds comment, updates prices) By Arpan Varghese Feb 2 Gold hit a more …
Fed Waiting to See Economic Results From Flurry of Trump ActionsBloomberg
The Federal Reserve has squandered an opportunity, former Dallas Fed advisor saysCNBC
Fed Leaves Rates Alone and Gives No Hint of When it May HikeU.S. News & World Report
Business Insider –New York Times –TheStreet.com –MarketWatch
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Delis, bodegas to close in protest of Trump travel ban
KPVI News 6
NEW YORK (AP) — A group of Yemeni business owners plan to shut down their delis, grocery stores and bodegas around New York City in protest of President Donald Trump's travel ban on people hailing from seven Muslim-majority countries including …

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Bloomberg

Dollar Weakens and Asian Stocks Slump After Fed: Markets Wrap
Bloomberg
The dollar slumped against all its major peers and Asian equities fell after the Federal Reserve gave investors little fodder to change their views on the pace of U.S. interest-rate hikes. The U.S. currency resumed declines, falling toward the lowest
Asian shares touch four-month high, dollar sags on Fed's relaxed viewsReuters
Asian shares slip, dollar wobbles as Fed keeps rates steadyU.S. News & World Report
GLOBAL MARKETS-Dollar rebounds, stocks mixed ahead of Fed decisionBusiness Insider
MarketWatch –Nasdaq –STLtoday.com –Forbes
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CBS News

Rising prices set to bite U.S. bacon lovers
Business Insider
CHICAGO, Feb 1 (Reuters) – Bacon lovers beware: U.S. prices for the greasy salty meat are set to jump in the coming months due to dwindling supplies. Wholesale prices for U.S. pork bellies that are sliced into bacon on Wednesday touched $1.73 per pound
Aporkalypse No – US bacon shortage deniedBBC News
Bacon Shortage? Calm Down. It's Fake News.CNBC
Don't freak out, but our nation's bacon reserve is dwindling fastNew York Post
Washington Post –Sacramento Bee –CBS Local –DesMoinesRegister.com
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U.S. News & World Report

UPDATE 1-Facebook's quarterly profit, revenue beat estimates
Business Insider
Feb 1 (Reuters) – Facebook Inc reported higher-than-expected quarterly profit and revenue as the world's largest social network continues to benefit from its aggressive push into mobiles and video. Facebook's shares were up 2.7 percent at $136.78 after
5 Things Marketers Should Note From Facebook's Fourth-Quarter EarningsWall Street Journal
Facebook Beats Wall St EstimatesFox Business
Facebook's business is proving remarkably impervious to Facebook's controversiesQuartz
TheStreet.com –MediaPost Communications –Yahoo News –Tech Times
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CNN

Dakota Access Pipeline: 'Rogue' protesters arrested
CNN
(CNN) The Standing Rock Sioux tribe says a "rogue group of protesters" have put their cause at risk after reports that the 1,172-mile Dakota Access Pipeline project may have cleared a final hurdle. At least 70 people were arrested near the camp
Dozens of Dakota Pipeline Protesters Are ArrestedNew York Times
Army Says It Is Expediting Review Of Dakota Access Pipeline RouteNPR
Supporters say Dakota Access pipeline is back on. Activists counter: See you in courtLos Angeles Times
Wall Street Journal –Washington Times –ABC News –wtkr.com
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Firstpost

RPT-UPDATE 6-India unveils budget for recovery, and the poor, after cash crackdown
Reuters
NEW DELHI, Feb 1 India unveiled a budget on Wednesday to help the poor with hikes in government spending and cuts in taxes as Prime Minister Narendra Modi seeks to win back the sympathy of voters hit hard by his recent crackdown on "black money".
On eve of state polls, India's Modi looks to clean up campaign fundingBusiness Insider
Missing From India's Budget: JobsBloomberg
Budget 2017 has brought to fore the astute lawyer-politician in Arun JaitleyQuartz
New York Times –Economic Times –Firstpost –Business Standard
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Forbes

Tesla Changes Its Name: Don't Try This At Home
Forbes
Tesla shows that little things in a name can be everything. But trademarks are hard to establish and feed off a company's first accomplishments. Name changes – even small ones – have big implications. Tesla announced that it is changing its name from
New energy forecast has good news for Elon Musk, but spells trouble for TrumpYahoo News
Tesla Sales May Have Really Been Awful in JanuaryTheStreet.com
Tesla Drops 'Motors' From Its Name as It Ramps Up Energy BusinessMotley Fool
Inc.com –BGR –University Herald –CleanTechnica
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Bloomberg

Billionaire Peter Thiel Sparks New Zealand Passport-for-Sale Row
Bloomberg
Tech billionaire and Trump adviser Peter Thiel has sparked a passport-for-sale row in New Zealand after it was revealed he was granted citizenship in 2011 despite visiting the nation only four times. Thiel's application was approved by the New Zealand …
How did billionaire Trump backer become NZ citizen?KPRC Houston
New Zealand Is 'the Future,' Peter Thiel Said in His Push for CitizenshipNew York Times
Billionaire Trump adviser Peter Thiel became New Zealand citizen in California in 2011Santa Rosa Press Democrat
The Australian –Forbes –Newser –New York Daily News
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