Stocks dip on revised GDP; Fed's view curbs loss
U.S. stocks fell on Tuesday on lackluster economic data in a session marked by low volume and choppy trading, but losses eased after the Federal Reserve raised its expectations for growth in 2010.
October U.S. new home sales seen rising 2 percent
Sales of new U.S. single-family houses likely climbed in October, but forecasts varied widely on the impact of the first-time homebuyer tax credit, a Reuters survey found.
Fed sanguine about U.S. recovery, worried on jobs
Federal Reserve officials are increasingly confident in a durable recovery for the U.S. economy, even though they do not see employment picking up soon, according to minutes from their November meeting released on Tuesday.
Congress Probes Global Warming Emails
U.S. congress has begun investigating climate scientists whose emails and documents were hacked into to see if their global warming theories have misrepresented the truth behind the cause of climate change. Investigators have begun studying the 1,079 e-mails and over 3,800 documents that were hackers stole last week from the Climate Research Unit (CRU) at East Anglia University in the U.K, Rep. Darrel Issa from California told the Wall Street Journal.
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Fed confident on U.S. growth, leery of policy risks
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Stocks flat as Fed eyes stronger 2010
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More U.S. shoppers plan Black Friday visits-survey
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Rajaratnam denies insider charges, blasts wiretaps
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CES 2021 Highlight: Robot Vacuum And Mop From Roborock Unveiled, 50Hz Scrubber For Tough Stains
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CES 2021 Highlight: HONOR Band 6 Global Version Launch, The Most Functional Affordable Fitness Tracker to Date
More news
Obama says will announce Afghan plan soon
President Barack Obama said Tuesday he will announce a new U.S. strategy for Afghanistan soon and that his intention will be to have a plan to finish the job there after eight years of war.
Fed pleased with U.S. growth, leery of policy risks
Federal Reserve officials are increasingly confident the U.S. economic recovery is sustainable, but they do not see employment picking up soon, according to minutes from their November meeting released on Tuesday.
Heinz, Hormel optimistic about sales in 2010
U.S. food makers H.J. Heinz Co and Hormel Foods Corp said they expect sales to rise in the coming months as they spend more on marketing to win the attention of recession-weary consumers who are dining at home instead of eating out.
Fed asks U.S. banks to submit TARP repayment plans
The U.S. Federal Reserve this month asked banks that were part of its stress tests to submit plans to repay government money, if they have not already repaid it, a person familiar with the situation said on Tuesday.
EU drops antitrust case against Qualcomm
The European Commission closed antitrust proceedings against Qualcomm as big technology companies dropped their four-year old complaints against the U.S. mobile chip supplier.
Wall St weighed by GDP, home prices data
U.S. stocks fell on Tuesday, a day after the Dow hit a 13-month high, after data showed the economy grew in the third quarter, but at a slower rate than expected.
GM's Saab sale collapses; buyer backs out
A deal by General Motors Co to sell its Saab brand collapsed on Tuesday when the buyer pulled out in a move that threatens the Swedish luxury brand with closure.
U.S. Q3 economic growth revised down, house prices up
The U.S. economy grew more slowly than first thought in the third quarter, but a fifth month of gains in house prices in September and an improvement in consumer morale signaled the anemic recovery was intact.
Luxury goods will return to growth in 2010
Luxury goods sales will return to growth next year with profitability increasing more than revenues thanks to strong cost containment policies in 2009, according to a Bank of America Merrill Lynch report.
U.S. consumer confidence edges higher in November
U.S. consumer confidence edged higher in November after an unexpected drop in October, with less consumers expressing doubt about the a worsening jobs market, according to a report released on Tuesday.
FDIC insurance fund falls into the red in 3rd qtr
The U.S. government insurance fund used to safeguard bank deposits dropped to a balance of negative $8.2 billion in the third quarter, the first time since 1992 that it had a negative balance, the Federal Deposit Insurance Corp said on Tuesday.
FDIC fund falls into the red, Bair urges lending
The fund used to safeguard U.S. bank deposits dropped to a negative balance of $8.2 billion in the third quarter, the first shortfall since 1992, the Federal Deposit Insurance Corp said on Tuesday.
Saab sale for GM collapses; buyer backs out
A deal by General Motors Co to sell its Saab brand collapsed on Tuesday when the buyer pulled out in a move that threatens the Swedish luxury brand with closure.
China wealth fund to invest $400 mln in Longyuan IPO -source
China Investment Corp (CIC), the country's sovereign wealth fund, has agreed to buy $400 million worth of shares from China Longyuan Power Group's $2.2 billion Hong Kong initial public offering, a source close to the deal said on Tuesday.
BMO profit up 16 pct, to buy Diners Club business
Bank of Montreal reported a higher-than-expected quarterly profit on Tuesday and said it was buying the Diners Club North America credit card business to double its corporate card portfolio.
Shire asks EU for Gaucher drug approval
Britain's Shire has asked the EU to officially allow people to take its new Gaucher disease drug, it said on Tuesday, providing hope to sufferers of the disease as supplies of a rival drug start to run out.
U.S. FTC says will allow Panasonic, Sanyo deal
Japanese electronics maker Panasonic Corp and its rival Sanyo Electric Corp Ltd have won U.S. antitrust approval to merge, the Federal Trade Commission said on Tuesday.
FDIC insurance fund falls into the red in 3rd quarter
The U.S. government insurance fund used to safeguard bank deposits dropped to a balance of negative $8.2 billion in the third quarter, the first time since 1992 that it had a negative balance, the Federal Deposit Insurance Corp said on Tuesday.
Crib recall list detailed by Stork Craft
Stork Craft Manufacturing Inc. is voluntarily recalling 2.1 million cribs after four suffocation deaths in the U.S. were linked to drop-down sides cribs, the Consumer Product Safety Commission announced yesterday.
Stork Craft Crib recall, product information
Stork Craft Manufacturing Inc. is voluntarily recalling 2.1 million cribs after four suffocation deaths in the U.S. were linked to drop-down sides cribs, the Consumer Product Safety Commission announced yesterday.
GDP, Case/Shiller muddy recovery hopes
U.S. stocks fell on Tuesday, a day after the Dow hit a 13-month high, after data showed an improving economy, but at a slower rate than expected.
Small is beautiful for Ford India
Ford Motor Co will launch a new car model in India every 12-15 months over the next five years, with its new Figo small car is set to drive a tripling of sales in 2010, its India head said on Tuesday.
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