Visa Q4 profit beats estimates
Visa Inc posted higher-than-expected quarterly earnings on Tuesday, as consumers used their debit cards more, and the company raised prices, sending shares up 2.4 percent.
Financial regulation fight is a just war: Geithner
Treasury Secretary Timothy Geithner on Tuesday told a packed room of Wall Street dealers and bankers they could not look America in the eye and argue that financial regulation is fine as it is.
Senate Dems reach deal on homebuyer credit: Dodd
Top Democrats in the Senate have reached an agreement to extend the soon-to-expire $8,000 tax credit for first-time homebuyers, Senate Banking Committee Chairman Christopher Dodd said on Tuesday.
Exclusive: Obama's too big to fail bill curbs bailouts
A key U.S. congressional committee will release draft legislation on Tuesday to restrict future bailouts and give the government a new way to deal with giant financial firms that get into trouble, a senior congressional source told Reuters.
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Norfolk Southern Q3 net falls
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Daily Wrap Up - Oct 27
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Nokia-Apple row to last more than 1 year: InterDigital
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Position limits keep market diverse: CFTC
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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
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Daily Forecast 28/10/2009
The Australian Dollar opens little-changed today against its U.S. counterpart at 0.9150. Despite a poor lead from local equities, the Aussie held onto support around the 0.9130 where buyers emerged pushing it up towards an intraday high of 0.9182. Supporting the unit was a positive quarterly NAB business confidence survey which increased by 20 points.
U.S. auto dealers post profit, outlook cautious
Group 1 Automotive Inc , the No. 4 U.S. auto dealership, posted a quarterly profit on Tuesday that was double the year-earlier figure, but its cautious outlook for the current quarter sent its shares down 12 percent.
Former GM plant to make Fisker hybrid cars
The bankrupt shell of carmaker General Motors Co is making its first major asset sale, selling a Delaware manufacturing plant to Fisker Automotive, which will make plug-in hybrid electric cars beginning in 2012.
U.S. home price gains may not be sustainable: Shiller
The gains in U.S. home prices in recent months may not be sustainable and increases in some areas of the country appear to be in bubble territory, an economist known for his property market expertise said on Tuesday.
Profit-taking hits S&P 500, Nasdaq; Dow edges higher
The S&P 500 and the Nasdaq fell on Tuesday as investors booked profits following the stock market's recent run-up, while a weaker-than-expected reading on a measure of consumer confidence sparked caution about the recovery of spending.
US weekly gasoline demand rises 5.1 pct-MasterCard
U.S. retail gasoline demand last week rose 5.1 percent from a year ago, according to a MasterCard SpendingPulse report released on Tuesday.
JPMorgan looks to add financial advisers
JPMorgan Chase & Co , the second largest U.S. bank, is looking to add financial advisers, Chief Executive Jamie Dimon told a conference in New York on Tuesday.
Ford rises, Chrysler falters in key quality survey
Ford Motor Co has made the most progress in improving vehicle quality among major automakers, while Chrysler ranks at the bottom of the industry for reliability, according to an annual Consumer Reports survey released on Tuesday.
McDonald's CEO: job losses impact breakfast business
High unemployment has had some impact on the breakfast business at McDonald's Corp as fewer people pick up food on the way to work, Chief Executive Jim Skinner said on Tuesday.
Tax bill boosts reporting by banks, rich
A proposal to stop rich Americans from stashing assets offshore to evade taxes, by slapping penalties on individuals and foreign financial institutions, was introduced on Tuesday in the U.S. Congress.
McDonald's CEO: job losses have breakfast impact
High unemployment has had some impact on the breakfast business at McDonald's Corp as fewer people pick up food on the way to work, Chief Executive Jim Skinner said on Tuesday.
S&P 500, Nasdaq slip on profit-taking; Dow edges up
The S&P 500 and the Nasdaq fell on Tuesday as investors booked profits following the stock market's recent run-up, while a weaker-than-expected reading in a measure of consumer confidence sparked caution about the spending recovery.
Bomb blasts kill 8 U.S. troops in Afghan south
Eight U.S. troops were killed in bomb attacks in southern Afghanistan on Tuesday ahead of a run-off presidential election, the NATO-led alliance said, in the deadliest month for U.S. troops since the start of the war eight years ago.
Iran wants big changes to nuclear deal with powers
Iran wants major amendments within the framework of a U.N. nuclear fuel deal which it broadly accepts, state media said, a move that could unravel the plan and expose Tehran to the threat of harsher sanctions.
GE advanced gas turbine cuts fuel use, emissions
General Electric Co's Energy unit on Tuesday said its latest turbine design for natural gas-fired power plants will consume less fuel and emit less carbon dioxide than existing GE turbines.
Denying Afghanistan to al Qaeda; is that really the key ?
Much of the rationale for the U.S. involvement in Afghanistan has to do with making sure that it doesn't become a haven for militant groups once again.
U.S. investigating optical disc drive industry
The U.S. Justice Department is investigating possible violations of antitrust law in the optical disc drive industry, a spokeswoman said on Tuesday.
Johnson Controls profit up, backs improving 2010
Johnson Controls Inc's quarterly profit surged on cost cuts and improving auto production, but the company stood by a 2010 forecast that trails Wall Street expectations, sending its shares down nearly 5 percent.
Vitamin Shoppe, Addus seek to snap IPO funk
Vitamin Shoppe Inc and Addus HomeCare Corp are expected to price their initial public offerings on Tuesday after the bell, seeking to break what has been a streak of disappointing IPOs by companies owned by private equity.
Robert McCann to head UBS U.S. wealth unit
Robert McCann, the new head of the battered U.S. wealth management unit of Swiss bank UBS AG , said he aims to stem client withdrawals and has no plans to sell the business.
Energy lifts Dow and S&P, but confidence data weighs
The Dow and S&P rose on Tuesday as stronger-than-expected earnings at BP Plc lifted energy shares, but weak U.S. consumer confidence data weighed on stocks.
Job market rut deepens consumer gloom
U.S. consumer confidence deteriorated sharply in October as the worst job market in a quarter century heightened concerns about the future, more than outweighing modest improvements in the housing sector.
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