The top aftermarket NYSE losers on Tuesday were: Tata Motors, BancorpSouth, Targa Resources Partners, POSCO, Computer Sciences, Generac Holdlings, SunCoke Energy, Morgan Stanley, Enerplus Corp and Alliance Data Systems Corp.
Yang's abrupt departure comes two weeks after Yahoo appointed Scott Thompson its new CEO, with a mandate to return the once-leading Internet portal to the heights it enjoyed in the 1990s.
When the Bank of New York Mellon (NYSE:BK) reports its quarterly earnings Wednesday morning, the results will be a reflection of an institution at a crossroads. BNY, an industry player widely known for its dominance in the sleepy turf of trust banking, is trying to muscle its way into the more aggressive corners of Wall Street trading. Earnings could show what it's like when a bank occupies the worst of both those worlds of finance.
Hyundai said Tuesday that it was proud to rank highest among automotive brands in the J.D. Power and Associates 2012 Consumer Retention Study, attributing the honor to an expanding model lineup and better perceptions of Hyundai's quality and appeal across the board in recent years.
As Wall Street waits for Goldman Sachs Group (NYSE:GS) -- the fifth-largest U.S. bank by assets and one of the most powerful banking institutions in the world -- to report fourth-quarter earnings Wednesday, the question most analysts seem to have is not whether the earnings release will be underwhelming, but just how bad the hit will be.
DETROIT -- Three years ago at the North American International Auto Show, Nissan North America vice president Al Castignetti watched as most companies dismissed perhaps Nissan's biggest risk -- its electric concept vehicle, the Nissan Leaf.
Stocks advanced on Tuesday but sharply pared gains late in the session after Citigroup's steep drop in profit gave investors a reason to unload bank shares.
The average age of U.S. vehicles rose to a record high in 2011, but an automotive analysis firm expects that to decline in the coming years as new sales climb and consumers gain confidence in a recovering economy.
European shares hit a 5-1/2-month high on Tuesday before closing above a key resistance level, boosted by automobile and mining stocks after Chinese economic data raised hopes the country would further ease its monetary policy to stimulate growth.
If their prospects continue to meet the projections its executives have set so far, 2012 will be a sterling year for Fortuna Silver Mines (NYSE:FSM), a Canada-based silver mining venture that currently operates two mines in Latin America.
Foreigners dramatically stepped up their purchases of Canadian securities in November, snapping up C$14.99 billion ($14.84 billion) worth, compared with just C$3.85 billion in October, Statistics Canada said on Tuesday.
Toronto's main stock index was slightly lower on Tuesday as losses from gold miners offset the impact of an early surge in commodity prices that were boosted by solid economic data from China and Germany.
The government will avoid bringing down an austerity budget this year, because of tough economic times globally, Finance Minister Jim Flaherty said on Monday.
The Bank of Canada held its key policy rate at 1 percent on Tuesday, but forecast a faster Canadian recovery than expected despite an increasingly worrying outlook for the global economy.
A handful of technology leaders – IBM, Intel, Microsoft, Google and Apple – are all scheduled to report quarterly earnings over the next week. Here are five things to watch when the numbers come out because they may indicate prospects for 2012.
A gauge of manufacturing in New York State showed growth picked up in January, rising to the highest level in nine months as new orders and employment improved, the New York Federal Reserve said in a report on Tuesday.
German Investor confidence rose sharply in January as cheap, long-term loans provided by the European Central Bank soothed the financial markets, suggesting that the economy is stabilizing.
China shares on Tuesday surged 4.2 percent, their biggest one-day gain in more than 27 months, after Beijing reported that the world's second-largest economy grew faster than expected in the last quarter of 2011, although at its weakest pace in 2-1/2 years.
Japan's Nikkei average edged higher on Tuesday and recovered its footing after better-than-expected Chinese economic data and solid demand at a French treasury bill auction reassured investors in the wake of European debt downgrades.
Credit rating agency says decision inevitable following cuts to creditworthiness of two EFSF guarantors, France and Austria.
The IBT 1000 List of the fastest-growing public companies in the world -- which debuts today for what its editors hope will be yearly issuance -- is a reflection of the engines driving the world's economic growth.
The top six fastest growing real estate companies mirrored the state of development around the world. As the U.S. and Europe languish, recovering from a glut of pre-recession overdevelopment, Asia, India and the Middle East have seen a construction boom
China's economy grew at its weakest pace in 2- years in the latest quarter, and it appeared headed for an even sharper slowdown in the coming months as export demand fades and the housing market falters.
Asian shares inched higher and the euro stayed above a 17-month trough Tuesday as investors focused on economic data from China to gauge the impact of the eurozone debt crisis on global growth.
China's GDP growth in the fourth quarter of 2011 dipped to 8.9 percent, down from 9.1 percent in the prior quarter, but the Chinese government will likely take steps to ensure that a slowdown does not harm global manufacturers that increasingly look to China for new consumers.
Acura made noise last week at the Detroit Auto Show, as Honda unveiled the return of the NSX and boldly dubbed it the return of the supercar. And that certainly caught the most eyes on the first day of the press preview at the 2012 North American International Auto Show.
Hopefully, retailers liked 2011, because 2012 is looking like it will offer more of the same.
Canadian stocks were slightly higher on Monday, as gains by energy and mining issues offset lower financials, while investors largely shrugged off last week's euro zone ratings downgrades.
Ontario's economy expanded 0.7 percent in the third quarter, reversing a 0.2 percent decline in the second quarter and steering Canada's manufacturing heartland away from another recession.
European shares and the euro gradually recovered on Monday from early losses triggered by the mass downgrade of euro zone sovereign ratings last week, but they still looked vulnerable amid rising fears of a disorderly Greek debt default.
