China-based Green Dragon Gas said it paid about $55 million to redeem the only outstanding convertible bond and simultaneously issued shares to BlackRock, making the fund manager its second-largest shareholder.
LUKOIL, Russia's second largest oil producer, missed forecasts with a 40 percent tumble in third-quarter profit as oil prices fell and the rouble depreciated against the dollar.
Wells Fargo & Co , one of the few major banks that has yet to return bailout funds to the U.S. government, still plans to return its $25 billion as soon as practical, but Chief Executive John Stumpf at a conference on Tuesday did not give any more details.
Wall Street was set to open lower on Tuesday after 3M Co's outlook for the current year came in below analysts' forecast and McDonald's Corp reported a second straight month of declines in domestic sales.
Fitch Ratings cut Greece's debt rating to BBB+ from A- with a negative outlook, the first time in 10 years a major ratings agency has put Greece below an A grade, citing fiscal deterioration in the euro zone's weakest member.
United Airlines looked set on Tuesday to place a $10 billion-plus order for mid-sized wide-bodied jets that includes 25 A350 planes from European planemaker Airbus , industry sources said.
Fewer people are getting cancer and death rates continue to fall, according to the latest report on cancer in the United States, released on Monday.
Hunger is spreading while the number of homeless families is increasing as a result of the recession and other factors, according to a report on Tuesday.
McDonald's Corp said sales at established U.S. restaurants fell 0.6 percent in November, the latest sign that the fast-food sector that had performed well through most of the recession is weakening.
McDonald's Corp said sales at established U.S. restaurants fell 0.6 percent in November, marking the second straight month of declines at domestic outlets, and its shares fell 2.6 percent.
Stock index futures were lower on Tuesday after cautious comments from Federal Reserve Chairman Ben Bernanke sparked jitters about the pace of economic recovery.
Stock index futures pointed to a mixed open on Wall Street on Tuesday, with futures for the S&P 500 up 0.21 percent, Dow Jones futures down 0.07 percent and Nasdaq 100 futures down 0.13 percent at 4:33 a.m. EST.
Global share markets were becalmed on Tuesday and the dollar struggled after Federal Reserve Chairman Ben Bernanke gave a cautious assessment of the world's biggest economy, driving investors toward government debt.
Kenneth Feinberg, the Obama administration's pay czar, will exempt some executives at American International Group from a $500,000 salary cap after at least five employees threatened to quit, Bloomberg reported citing people familiar with the matter.
A forward-looking measure of hiring intentions improved in the United States and most other countries, suggesting job growth may resume in the first quarter, according to a quarterly survey by Manpower Inc .
The dollar dipped on Tuesday after Federal Reserve Chairman Ben Bernanke dampened speculation of an early U.S. interest rate rise, while Asian shares steadied as investors took a breather after recent gains.
General Motors Co is talking to BAIC, China's fifth largest car maker, about a partial sale of assets associated with its Saab brand, including tooling and technology, two people with direct knowledge of the discussions said.
The dollar dipped on Tuesday after Federal Reserve Chairman Ben Bernanke dampened speculation of an early U.S. interest rate rise, while shares faltered on renewed concern about the strength of the global recovery.
General Motors Co is talking to BAIC, China's fifth largest car maker, about a partial sale of assets associated with its Saab brand, including tooling and technology, two people with direct knowledge of the discussions said.
Federal Reserve Chairman Ben Bernanke on Monday said the U.S. economy's recovery remained fragile and unemployment may be high for some time, cooling anticipation of an early increase in U.S. interest rates.
As the U.S. Congress fights over legislation to reduce greenhouse gas emissions blamed for global warming, the Obama administration is considering a series of regulations that also would cut such pollutants.
President Barack Obama will not shirk from mentioning Afghanistan and his decision to send more troops to the war zone when he accepts the Nobel Peace Prize this week, the White House said on Monday.
