Consumers spend little as incomes rise in December
U.S. consumer spending dipped slightly by 0.1 percent to 12.5 trillion dollars in December while personal income rose 0.3 percent for a ninth straight month. The savings rate climbed to 5.5 percent, signaling cautious consumer behavior as fourth quarter growth cooled to 0.7 percent and manufacturing showed continued contraction.
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Chipotle linked E coli outbreak officially over
The CDC said the Chipotle linked E coli outbreak that sickened 60 people across 14 states appears finished with most recent illness starting December. The agency closed its investigation though the outbreak source remains unknown. Chipotle notes ongoing reforms and stock decline amid the episode.
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Washington
Centers For Disease Control and Prevention
CDC
Chipotle
Chipotle Mexican Grill Inc
Aetna Flags Obamacares Exchange Stability Concerns
Aetna CEO Mark Bertolini said the insurer has serious concerns about the sustainability of the public exchanges and the overall stability of the risk pool. He noted the company, alongside rivals, has struggled to profit in the Obamacare markets opened in 2014. Aetna’s 1 million individual commercial members include 750,000 signed up through exchanges, with total membership expected to stay flat this year.
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U.S
Aetna Inc
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Aetna
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Anthem Inc
Airlines restore tiny freebies to low fare passengers
American Airlines leads revived perks after mergers with US Airways and flight cuts. Free snacks return on select New York routes with wider snacks and in flight entertainment expanding by spring. full meals set to resume between Dallas and Hawaii in May.
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Fernand Fernandez
Continental Airlines
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Fernandez
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Delta Air Lines
Delta
Henry Harteveldt
Atmosphere Research Group
Alphabet poised to surpass Apple as market value leader
Alphabet after strong fourth quarter results sees its stock rise about 5 percent to 807 a share and eyes a market value around 555 billion, overtaking Apple at roughly 535 billion. CFO Ruth Porat cites mobility growth and ongoing moonshots requiring future investments.
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Google
Alphabet
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Apple
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