IBM easily beat earnings expectations on Tuesday, but shares fell as the company handed in a disappointing outlook for 2015. The company posted fourth-quarter earnings of $5.81 per share, down from $6.13 a share in the year-earlier period. Revenue decreased to $24.11 billion from $27.70 billion. (CNBC)
December 2014 was a bad one for Oregon homeowners unable to hold onto their homes. According to Gorilla Capital, there were a total of 753 judicial and non-judicial foreclosures filed in December the second highest total in 2014.
For 2014, there were 7,075 foreclosures compared to 13,446 in 2013.
In a blow to the traditional TV viewing model a US district court judge has rejected 21st Century Fox's claims against Dish Network. Fox had been trying to prevent Dish from selling its "Hopper" DVR, which lets viewers skip past commercials. (Reuters)
Mortgage application volume jumped 14.2% last week. Total volume is now 41% higher than a year ago. Applications to refinance increased 63% from a year ago. Applications to purchase a home are 3% higher than one year ago. (Mortgage Bankers Association)