1.78%XLF 20.53 6.48%QQQQ 45.97 2.38%
updated 7:40 am EST
Dow rises on oil, Bernanke
Wall Street finished sharply higher Tuesday as oil prices dropped for the second straight day and investors were encouraged by the possibility of more help for the ailing financial system. The Dow Jones industrials gained more than 150 points, and all the major indexes were up more than 1 percent.
POLITICS & POLICY
Fed mulls more help for investment banks, stronger oversight
Bernanke said the Fed is considering extending emergency loans to investment banks in the light of current instability(Jul 08)
POLITICS & POLICY
U.S. pending home sales slump in May
Pending sales of previously owned U.S. homes plunged 4.7 percent in May for the third month in a row, signaling further distress in an already struggling housing market.(Jul 08)
POLITICS & POLICY
US, allies want global pollution slashed
The Group of Eight leading industrial nations stopped short of tough, nearer-term targets.(Jul 08)
INDUSTRIES
Siemens slashes 16,750 jobs to cut costs
German industrial conglomerate Siemens AG announced plans to slash almost 17,000 jobs worldwide in a bid to cut costs and boost profits as it prepares to weather a slowdown in the global economy.(Jul 08)
INDUSTRIES
Anheuser-Busch calls InBev takeover bid illegal
Anheuser-Busch claims that Belgian brewer InBev's unsolicited takeover bid is illegal(Jul 08)
AP File Photo
Crude plunges $5 on Economic Worries, Dollar Rises
Federal Reserve chief Ben Bernanke said the Fed is considering extending emergency loans to investment banks into next year in the light of current market instability, while noting the need for a stronger investment bank regulator. Full Story
Quote of the Day
Kevin Wale, president of GM China
General Motors and Ford reported first-half sales grew strongly in China's booming auto market Tuesday, a rare bright spot for global automakers.
General Motors and Ford reported first-half sales grew strongly in China's booming auto market Tuesday, a rare bright spot for global automakers.
Latest Headlines
- Nearly third of consumers pirate DVDs: study
- Alcoa's 2Q profit sinks 24 percent on higher costs
- Pioneer to sell Blu-ray disc recorders
- Microsoft backs Icahn's bid to oust Yahoo board
- Insurer rolls out 'green' coverage for homeowners
- South Korean opposition to end boycott
- Pepsi Bottling 2Q profit beats Street expectations
- Stage Stores same-store sales rise in June
- Office Depot 2Q same-store sales drop 10 percent
- 'Survivor' producer sued by ex-partner for $70M
Inside IBT
- 1 of 6
POLITICS & POLICY
From bull semen to bras, Iran still buys American
Exports grew more than tenfold despite some sanctions targeted at the Iranian government.
POLITICS & POLICY
Some Myanmar survivors now cringe at wind, rain
Survivors are experiencing mental trauma which appears to be widespread.
POLITICS & POLICY
Hurricane Bertha weakens to Cat. 1 storm
Forecasters say Hurricane Bertha could begin to weaken within the next couple of days. As of 5 a.m. EDT Tuesday.
ENTERTAINMENT
Bon Jovi helps bring down a house in Detroit
Jon Bon Jovi is giving some people who are living on a prayer something a bit more substantial.
POLITICS & POLICY
Indian communists withdraw gov't support
Manmohan Singh's communist allies withdrew their support to protest the government's plan of a nuclear deal.
TECHNOLOGY
Microsoft expands its response to hosted software
Microsoft Corp. is offering more Internet-based software, a change from its traditional method.
POLITICS & POLICY
From bull semen to bras, Iran still buys American
Exports grew more than tenfold despite some sanctions targeted at the Iranian government.
POLITICS & POLICY
Some Myanmar survivors now cringe at wind, rain
Survivors are experiencing mental trauma which appears to be widespread.
POLITICS & POLICY
Hurricane Bertha weakens to Cat. 1 storm
Forecasters say Hurricane Bertha could begin to weaken within the next couple of days. As of 5 a.m. EDT Tuesday.
Foreign bank assets in China reach $193 bln
Assets from foreign banks in China rose 55.39 percent to $193.1 billio... Full Story
GOP: Don't blame manufacturers for toxic trailers
Republicans are blaming the federal government for not having standard... Full Story
European shares fall, Asia markets mixed
European markets fell and Asian markets were mixed Friday as investors... Full Story
Embarq spent $170K lobbying government in 1Q
Embarq Corp., the nation's fourth-largest landline phone company, spen... Full Story
Own a Small Business? Get Creative Finding Capital
Owning a small business is always a challenge, but especially when the... Full Story
Psychiatrist at trial sides with Christie Brinkley
A court-appointed psychiatrist took the stand at Christie Brinkley's d... Full Story
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