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U.S. economy grew 2.8 pct in Q3

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The U.S. economy grew more slowly than initially thought in the third quarter, held back by strong imports and weak investment in nonresidential structures, according to data on Tuesday that hinted at a lackluster recovery.

U.S. economy grows 2.8 pct in Q3

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The U.S. economy grew more slowly than initially thought in the third quarter, held back by strong imports and weak investment in nonresidential structures, according to data on Tuesday that hinted at a lackluster recovery.
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Galleon's Rajaratnam denies inside trading charges

Raj Rajaratnam, the billionaire founder of Galleon Group, on Tuesday rejected federal insider trading charges, and accused the government of violating his constitutional rights with its use of wiretaps.
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Citigroup to sell BMO a Diners Club business

Citigroup Inc (C.N) said on Tuesday that it would sell its Diners Club North America credit card business to Canada's BMO Financial Group (BMO.TO), as part of its strategy to shed noncore or unwanted assets.
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Futures little changed after HP, ahead of data

U.S. stock index futures were little changed on Tuesday, following a strong advance in Monday's session and after Hewlett-Packard reported that quarterly profit matched its preliminary results.
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U.S. stock futures signal losses; HP eyed

* U.S. stock index futures pointed to a lower opening on Wall Street on Tuesday, following the previous session's sharp gains, with futures for the S&P 500 SPc1 down 0.18 percent, Dow Jones DJc1 futures down 0.26 percent and Nasdaq 100 NDc1 futures down 0.38 percent at 0925 GMT.
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Stock futures signal losses; HP eyed

U.S. stock index futures pointed to a lower opening on Wall Street on Tuesday, following the previous session's sharp gains, with futures for the S&P 500 down 0.18 percent, Dow Jones futures down 0.26 percent and Nasdaq 100 futures down 0.38 percent at 0925 GMT (4:25 a.m. EST).
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Bank worries, profit-taking hits stocks

Financial markets did a quick about-face from the previous session's patterns on Tuesday with stocks falling, the dollar recovering some losses and gold dropping back a bit from record highs.
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U.S. officials press Feinberg to ease AIG curbs: report

Kenneth Feinberg, the Obama administration's pay czar, is being pressed by federal officials to relax executive compensation restrictions at American International Group Inc for 2010, the Wall Street Journal reported, citing people familiar with the matter.
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Fed asks U.S. banks to submit TARP repayment plans: report

The U.S. Federal Reserve this month asked nine banks that were part of stress tests conducted earlier this year to submit plans to repay money injected under the Troubled Asset Relief Program , Bloomberg said, citing a person familiar with the situation.
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Microsoft, News Corp weigh Web pact: source

Microsoft Corp has had talks with News Corp about a tie up, which would involve News Corp getting paid to take its news websites off Google Inc, a source familiar with the matter said on Sunday.
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Dollar stabilizes, Asia shares slip

The dollar stabilized in early trade on Tuesday after losing ground in New York, while Asian shares slipped as investors shrugged off upbeat U.S. home sale data and took a breather after recent gains.
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Gold eases, investors take profits after records hit

Gold eased on Tuesday as investors booked profits after prices hit record highs the day before, but sentiment was underpinned by a weak dollar which makes bullion cheaper for holders of other currencies and boosts its appeal as an alternative asset.
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Businesses still cautious on borrowing

A trade group for the lenders that finance half the capital equipment investment in the United States said on Monday that U.S. businesses remain hesitant about borrowing to invest in their operations.
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More retail brokers mull breaking away: study

As the economy shows signs of stabilizing, major retail brokers are increasingly comfortable with leaving the largest brokerage houses and setting out on their own, according to a company that provides services to the brokers.
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Hedge funds may get $11 billion frozen at Lehman

Lehman Brothers International , where more than $35 billion of hedge fund assets have been frozen since the bank's collapse last September, could return about $11 billion to fund managers by March if enough firms approve a new plan.

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