U.S. Bancorp , the eighth-largest U.S. bank, said it sold $3.5 billion of stock and bonds as it tries to raise sufficient funds to repay a taxpayer bailout.
The U.S. trade gap widened in March for the first time in seven months as exports fell 2.4 percent and imports dropped for the eighth consecutive month, a U.S. government report showed on Tuesday.
U.S. Bancorp , the eighth-largest U.S. bank, said it sold $3.5 billion of stock and bonds as it tries to raise sufficient funds to repay a taxpayer bailout.
A streak of shrinking U.S. trade deficits for eight straight months ended in March, with a government report showing on Tuesday that exports fell faster than imports as foreign companies purchased less capital goods.
Carlos Ghosn, chief executive of both Nissan Motor Co (7201.T) and Renault SA (RENA.PA), said he would not resign as the Japanese carmaker's chief before it was once again comfortably making profits.
The Obama administration's fiscal stimulus plan will meet previous estimates to save 3.5 million U.S. jobs by the end of 2010, but the unemployment rate at that time may be higher due to further deterioration in the economy, a senior administration official said on Monday.
Thousands of residents fled bomb-blasted north Mogadishu on Tuesday where the worst fighting in months between Islamist militants and the government has killed at least 113 civilians, according to a rights group.
Accused Nazi death camp guard John Demjanjuk arrived from the United States Tuesday to face charges he helped kill 29,000 Jews in 1943, and what is likely to be Germany's last major Nazi trial.
The U.S. trade gap widened less than expected in March as exports fell 2.4 percent and imports dropped for the eighth consecutive month, a U.S. government report showed on Tuesday.
Mexico could lose up to $4 billion in tourism income after foreign visitors canceled trips to popular beach resorts and colonial towns due to the flu scare, Tourism Minister Rodolfo Elizondo said on Monday.
U.S.-born reporter Roxana Saberi, free after more than three months in an Iranian jail, said on Tuesday she wanted to rest and be with her family after she was acquitted of spying for the United States.
Afghanistan said on Tuesday it hoped the newly named commander of U.S. and NATO troops would do more to avert civilian deaths, which had soured relations under outgoing commander General David McKiernan.
Billionaire investor Carl Icahn wants the board of Biogen Idec Inc to consider splitting the biotechnology company into one firm focused on neurology and another focused on cancer.
Hopu Investment Management Co., led by Goldman Sachs Group Inc’s China partner Fang Fenglei, on Tuesday acquired a 5.8 percent stake in China construction Bank Corp for about $7.3 billion from struggling Bank of America Corp, people with knowledge of the matter told Bloomberg.
Stock futures pointed to a higher open on Tuesday after positive comments on the economy and banks from Fed Chairman Ben Bernanke and news Bank of America sold its stake in a Chinese bank to help shore up its balance sheet.
Oil prices rose more than a dollar on Tuesday to a six-month high above $59 a barrel, boosted partly by a weaker dollar and gains on equity markets.
Stock futures pointed to a flat to higher open on Tuesday as investors weighed Bank of America Corp's sale of a stake in a Chinese bank and Ford Motor Co signaled it would take advantage of a recent rally by selling stock to raise cash.
Alpha Natural Resources Inc said it agreed to buy Foundation Coal Holdings Inc for $2 billion in stock in a deal that would create the third-largest coal producer in the United States.
Nissan Motor Co lost $2.4 billion in the fourth quarter amid a global slump in car sales, and forecast more losses this year as it looks to conserve cash by putting product launches and growth plans on hold.
CME Group, the world's largest derivatives exchange, is gearing up for a U.S. cap-and-trade carbon policy that could mean a boom in green futures and options trade, a top CME official said on Monday.
U.S. index stock futures pointed to a nearly flat open on Tuesday, as investors eyed Bank of America's sale of a stake in a Chinese bank and Ford signaled it would take advantage of a recent rally by selling stock to raise cash.
U.S. climate change legislation is unlikely to pass this year due to concerns about the recession and contention over the implementation of the program, according to energy and carbon market experts.
