TOP STORIES 
 
U.S. GDP GROWTH SLOWS TO 2.6% 

Gross domestic product expanded at a 2.6% annual rate in the fourth quarter. The economy grew 5% in the third quarter and 4.6% in the second quarter after contracting in the first three months of the year.

 
CHEVRON HELPED BY REFINING, ASSET SALES 
 

Chevron posted better-than-expected 4Q results, as asset sales and strength in its refining segment helped offset tumbling crude oil prices. Overall, earnings fell to of $3.47 billion, or $1.85 a share. Revenue fell 18% to $46.1 billion.

 
U.S. STOCKS TRADE MIXED 
 

U.S. stocks traded mixed after data showed U.S. economic growth slowed in the fourth quarter. Investors continued to watch 4Q earnings. Shares of Amazon.com, which posted a higher-than-expected profit, rose 11%.

 
BANK OF RUSSIA CUTS INTEREST RATES 
 

Russia's central bank unexpectedly cut its key interest rate by two percentage points, saying a sharp economic slowdown would soon ease inflationary pressures, prompting the ruble to fall.

 
SHAKE SHACK SAID TO PRICE IPO AT $21 
 

Thanks to hearty investor appetite, Shake Shack's initial public offering priced well above expectations, netting the burger chain a valuation of $745.5 million.

 
OIL PRICES WAVER AFTER U.S. GDP DATA 
 

Oil prices wavered between gains and losses as 4Q U.S. economic growth came in weaker than expected. Analysts said the small gains early in the session were likely the result of traders taking profits from bearish bets against the market given the end of the trading week and month.

 
ALTRIA SALES GROW AS CIGARETTE PRICES RISE 
 

Altria Group posted higher 4Q revenue as higher prices offset a decline in cigarette volume. Earnings matched analysts' projections, while its top line exceeded them. Altria also said its operating chief, Dave Beran, would retire March 1.

 
MASTERCARD PROFIT SURGES 29% 
 

MasterCard's 4Q profit jumped 29% to $801 million, or 69c a share, as the credit-card company posted higher purchase volume and revenue. Shares rose 2% as the results exceeded analysts' expectations.

 
MATTEL VOWS URGENCY TO IMPROVE RESULTS 
 

Mattel confirmed a decline in sales and profit during the holiday-shopping quarter, and said it would act with urgency to improve results, just days after it warned of downbeat results and its CEO abruptly quit.

 
TYSON FOODS TOPS EXPECTATIONS 
 

Tyson Foods' revenue rose a better-than-expected 24% to $10.82 billion in its December quarter as sales in its packaged food segment surged. Results topped analysts' expectations.

 
CANADA'S ECONOMY CONTRACTS UNEXPECTEDLY IN NOVEMBER 
 

The Canadian economy contracted unexpectedly in November as the manufacturing sector's output recorded the sharpest monthly decline in six years, and mining oil and gas extraction shrank.

 
 
 
 
  ======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES ======= 
 
 
Grand Central 
IMPORTANT DATA DAY FOR THE FED 
 

Janet Yellen was upbeat at a luncheon with Senate Democrats about the U.S. economy, according to lawmakers. Data out today will dictate whether she can keep smiling. Sign up here for The Wall Street Journal's daily report on global central banks.

 
Analysis 
RUSSIA CUTS RATES BACK -- MARKET REACTS 
 

Going against overwhelming consensus that the key benchmark rate was going to be left at a record 17% level, the Bank of Russia cut interest rates. Here is how the market reacted.