Asia-Pacific nations agreed on Tuesday to shun protectionist measures after some criticized the United States and other developed world buy local campaigns at a meeting pushing forward momentum toward a global trade pact.
Stocks rose slightly on Tuesday as upbeat quarterly results from bellwether companies, including Caterpillar Inc, overshadowed Federal Reserve Chairman Ben Bernanke's cautious outlook for the economy.
The U.S. Securities and Exchange Commission is seeking to prevent Ralph Janvey -- the receiver appointed to liquidate Stanford assets -- from suing investors for proceeds they got from Texan financier Allen Stanford.
Exelon Corp's ambitious acquisition attempt to form the largest power generation firm in the U.S. may get a boost on Tuesday after a crucial vote at the annual shareholders meeting for NRG Energy, Inc in New Jersey.
President Barack Obama said in an interview aired on Tuesday that healthcare reform bills needed more work, but he was optimistic that the final legislation would drive down costs over the long-term.
The Nasdaq briefly turned positive on Tuesday to trade near break-even, along with the S&P 500 index, as optimism about the latest corporate earning results tempered a cautious economic assessment from U.S. Federal Reserve Chairman Ben Bernanke.
Much of Corporate America has slashed costs to stay in the black during the recession, but wielding the knife too heavily could also remove the ability to grow in a recovery. If you cut into flesh long enough, eventually you find bone, said David Rosenberg, chief economist at Gluskin Sheff in Toronto. Cost cutting is not a bottomless pit.
Federal Reserve Chairman Ben Bernanke on Tuesday said the outlook for the long-suffering U.S. economy appears to be improving and the U.S. central bank was carefully reviewing ways to withdraw its massive monetary policy stimulus when conditions permit.
U.S. machinery maker Caterpillar Inc posted stronger-than-expected quarterly earnings on Tuesday and raised its full-year outlook, citing what it said were growing signs of stability in the world's credit markets and economies.
Coca-Cola Co reported a better-than-expected quarterly profit on Tuesday, aided by growth in emerging markets, but its shares fell as revenue was lighter than anticipated and investors looked for stocks with stronger growth potential.
Federal Reserve Chairman Ben Bernanke on Tuesday said the outlook for the long-suffering U.S. economy appears to be improving and the U.S. central bank was carefully reviewing ways to withdraw its massive monetary policy stimulus when conditions permit.
Biotechnology leapt ahead as the biggest recipient of U.S. venture capital money in the second quarter, but first-time venture investments in companies overall dropped to a 15-year low, a trade association reported on Monday.
Las Vegas casino company Wynn Resorts has submitted an application to list its Macau unit on the Hong Kong stock exchange, sources said on Tuesday, hoping to raise between $500 million and $1 billion.
Stock index futures rose on Tuesday, a day after the S&P 500 hit its highest closing level in eight months, after Caterpillar Inc posted stronger-than-expected quarterly results.
Bernanke to Testify, Energy Bill Debate Continues, Apple to report reults
DuPont posted a 61 percent drop in quarterly profit hurt by weak global demand, but cost cuts helped the chemical maker beat Wall Street forecasts.
U.S. drugmaker Schering-Plough Corp said on Tuesday its second-quarter earnings rose after lower special charges, but global revenue declined as the weak dollar hurt sales in overseas markets.
Insurer UnitedHealth Group Inc posted better-than-expected second-quarter profit on Tuesday, helped by growth in its plans for elderly and low-income Americans.
California Governor Arnold Schwarzenegger and top lawmakers agreed on Monday to close a $26.3 billion deficit in the state's budget in a deal that includes $15.5 billion in spending cuts, they said.
The fed Governor Ben Bernanke will today at 10am EST deliver a semi-annual monetary policy testimony to House Financial Services Committee in Washington. The Fed Chairman will comment on how the Fed observes the current U.S. economy and the value of dollar. Bernanke's comments may influence the volatility of the currency and determine a short-term positive or negative trend. His hawkish view is considered as positive, or bullish for the USD, whereas his dovish view is considered as negative or b...
Coca-Cola Co reported a better-than-expected quarterly profit on Tuesday, as growth in markets such as India and China helped offset the impact of the stronger U.S. dollar.
U.S. machinery maker Caterpillar Inc posted stronger-than-expected quarterly earnings on Tuesday and raised its full-year outlook, citing signs of stabilization in the world's credit markets and economies.
