Citigroup Inc will sell a $1.7 billion portfolio of private-equity assets to European buyout firm AXA Private Equity, as the U.S. bank looks to focus on its core businesses, the Wall Street Journal reported, citing people familiar with the matter.
Sophisticated technology, less staff at stores and more gang activity are all contributing to more U.S. stores being hit by organized crime, according to a survey by an industry group.
President Barack Obama on Tuesday urged European countries and bondholders to prevent a disastrous default by Greece and pledged U.S. support to help tackle the country's debt crisis.
Stocks extended a losing streak for a fifth day on Tuesday on mounting concerns about the economy after bearish comments from Federal Reserve Chairman Ben Bernanke.
Japan's current account surplus fell less than expected in April from a year earlier, fuelling further hopes for an early economic recovery as manufacturers restore lost production and mend supply chains after the March disaster.
A former Credit Suisse Group AG broker will spend two more years in prison in addition to time already served for his role in running an investment scheme involving risky auction-rate securities.
The trustee seeking money for victims of Bernard Madoff's fraud won court permission on Tuesday to file a $975.5 million lawsuit against two feeder funds he said contributed to the Ponzi scheme.
Self-proclaimed billionaire Lynn Tilton has dumped one of her retail companies into bankruptcy to rinse it of its debts while maintaining control, according to an attorney for a leading creditor.
A defense lawyer for a technology consultant who faces insider trading charges tried to shatter the credibility of a key prosecution witness, citing his disoriented romp on a San Francisco street after a bad drug experience.
A blogger sued for defamation over comments posted on an Internet message board is not entitled to the same protections as a journalist, the New Jersey Supreme Court ruled on Tuesday.
French TV and radio stations can tweet as much as they like but must stop telling people to consult them on Twitter and Facebook, which amounts to advertising for those sites, France's media regulator says.
Job openings were harder to come by in April as private sector hiring ebbed, further evidence that the labor market remains precarious, Labor Department data showed on Tuesday.
President Barack Obama on Tuesday urged euro zone countries and bondholders to make tough decisions to contain Greece's debt crisis while the International Monetary Fund said more work was needed for Athens to receive its next block of bailout aid.
Top lawmakers will tackle the politically treacherous topic of tax hikes in their next round of debt-reduction talks, a Republican involved in the discussions said on Tuesday.
At least three Canadian financial services companies plan to join the Maple Group's $3.7 billion hostile bid for TMX Group , adding momentum to the made-in-Canada alternative to the London Stock Exchange's friendly offer.
Stocks extended a losing streak for a fifth day on Tuesday on mounting concerns about the economy after bearish comments from Federal Reserve Chairman Ben Bernanke.
Stocks extended a losing streak for a fifth day on Tuesday on mounting concerns about the economy after bearish comments from Federal Reserve Chairman Ben Bernanke.
White House and congressional negotiators are considering a $2.4 trillion rise in the U.S. debt limit to carry through to the end of 2012, which would require at least $2.5 trillion in savings over a decade or more, Republican Senator Jon Kyl said on Tuesday.
Stocks rose in light volume on Tuesday, rebounding after the S&P 500 fell to its lowest in over two months in the previous session.
The U.S. economic recovery is disappointingly slow, but it would have to weaken much further for the Federal Reserve to consider more monetary support, a top Federal Reserve official said on Tuesday.
A former employee of a so-called expert network firm is expected to plead guilty to charges of conspiring with others to leak corporate secrets to hedge funds in exchange for money, part of a broad U.S. crackdown on insider trading.
Deutsche Boerse AG and NYSE Euronext unveiled a special dividend on Tuesday, flexing their financial muscle a month before shareholders decide whether to approve a merger that would create the world's largest exchange operator.
The head of Moody's sovereign ratings group said on Tuesday it was hard to see how a private sector rollover of Greek debt would be truly voluntary and it would therefore likely constitute a default.
Politicians should not play chicken with the country's credit rating, but need to focus urgently on finding ways to reduce the rising budget deficit, according to the head of General Motors Co.
Wall Street bounced in light volume on Tuesday, a day after the S&P 500 fell to its lowest in over two months, with some describing the S&P's losses in the past five weeks as overdone.
Deutsche Boerse AG and NYSE Euronext on Tuesday unveiled a special dividend as a way of encouraging shareholders to approve a $10.2 billion deal between the New York and Frankfurt-based companies.
The U.S. economy is on increasingly unsteady footing, hurt by stubbornly high unemployment and volatile oil prices, the head of General Motors Co told reporters on Tuesday.
Europe must take tough decisions before the IMF can release its next block of aid for Greece, the Fund warned on Tuesday, while ratings agencies and German banks cast doubt on whether private investors can be expected to help.
The shaky U.S. economy, facing stubbornly high unemployment and volatile oil prices, is one of the main worries facing General Motors Co, according to the head of the largest U.S. automaker.
Wall Street bounced in lackluster trading on Tuesday, a day after the S&P 500 fell to it lowest in over two months, with a market downtrend seen intact as investors remained gloomy about the economy.
