Unseasonable weather and consumers without the stimulus boost they received last year were expected to have dampened U.S. retail sales in June, analysts said.
Oil dipped below $63 a barrel on Tuesday, pressured by investors' caution over prospects for economic recovery and by an expected increase in U.S. gasoline stocks for the week when Americans traditionally drive the most.
Soaring U.S. unemployment and a shrinking economy drove delinquencies on credit card debt to an all-time high in the first quarter as a record number of cash-strapped consumers fell behind on their bills.
U.S. stocks fell on Tuesday as investors turned cautious ahead of earnings season, and talk of a second stimulus package underscored worries about the U.S. economic recovery.
G8 leaders plus Brazil, India, China, Mexico and South Africa will agree at a summit on Thursday to conclude the Doha round of world trade talks successfully in 2010, according to a draft communique seen by Reuters.
Bayer is in advanced takeover talks to expand its animal health unit and is likely to benefit from the ongoing overhaul of the U.S. healthcare sector, a German newspaper said.
China, Russia and Brazil will use this week's G8 summit in Italy to push their view that the world needs to start seeking a new global reserve currency as an alternative to the dollar, officials said on Tuesday.
Kohlberg Kravis Roberts & Co has reached a deal to unload half of the equity in South Korea's No.2 beer maker, which it agreed to buy for $1.8 billion, to Affinity Equity Partners, two sources with direct knowledge of the process said on Tuesday.
Visiting U.S. President Barack Obama made a pointed quip Tuesday about Russia's sale of Alaska to the United States in the 19th century.
Following are remarks by U.S. and Russian policymakers and company executives about business ties between the two countries during President Barack Obama's two-day trip to Moscow.
Three major hospital associations have offered to contribute about $155 billion over 10 years to help pay for a U.S. healthcare overhaul, The Washington Post reported on Monday, citing industry sources.
The following are key excerpts from the speech by U.S. President Barack Obama to graduating students of the New Economic School in Moscow on Tuesday. The text was provided by the White House.
Unseasonable weather and consumers without the stimulus boost they received last year were expected to have dampened U.S. retail sales in June, analysts said.
Porsche may own a lot of options over Volkswagen shares. But the German sports car maker is increasingly bereft of alternatives when it comes to financing its own stretched balance sheet.
The regulator of the U.S. futures markets is considering tough new rules to clamp down on speculative trading in energy and other commodities and will hold public hearings in the next few weeks to seek comment.
The Obama administration on Tuesday ordered tougher steps to curb salmonella and E.coli contamination in U.S. food processing plants and created a new deputy food commissioner post to coordinate safety in the wake of a salmonella outbreak.
A Seattle clinic for people fed up with insurance, started by doctors fed up with insurance, has gotten $4 million in private venture capital money to expand, it announced on Monday.
U.S. stock futures pointed to a flat open on Tuesday as investors turned cautious ahead of corporate earnings results, and talk for the need of a second fiscal stimulus package underscored worries about the U.S. economic recovery.
Tens of thousands of Michael Jackson fans will crowd into downtown Los Angeles on Tuesday for a star-packed memorial to the King of Pop whose sudden death nearly two weeks ago shocked the world.
Futures pointed to a slightly higher open on Tuesday as the price of oil broke a four-session losing streak, which could lift energy shares, but investors remained cautious ahead of the start of earnings season.
Oil rose above $64 a barrel on Tuesday, after falling for four consecutive sessions on doubts over global economic recovery and potential improvement in demand for fuel.
Wall Street was set for a lower open on Tuesday, with futures for the S&P 500, Dow Jones and Nasdaq 100 down 0.5 percent at 4:17 a.m. EDT.
