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Wall Street opens higher, downtrend seen intact

Stocks opened higher on Tuesday, a day after the S&P 500 hit its lowest level in over two months, but analysts said a recent downtrend was likely to remain in place.

Fed's Fisher: Lots of liquidity in economy

Dallas Federal Reserve President Richard Fisher said on Tuesday there was ample liquidity in the U.S. financial system and no need for the U.S. central bank to continue its extremely easy monetary policy.

Wall Street set to rebound, downtrend seen intact

Stocks were set to rebound on Tuesday, a day after the S&P 500 hit its lowest level in over two months, taking out important technical levels as investors grew more bearish on the economy, but analysts said a recent downtrend was likely to remain in place.

HSBC agrees $62.5 million Madoff lawsuit settlement

HSBC said it agreed to pay $62.5 million to settle a class action brought against it in the United States over its role in providing administrative services to a fund which placed cash with Wall Street swindler Bernard Madoff.

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Stock futures bounce after selloff

U.S. stock index futures rebounded on Tuesday, a day after the S&P 500 hit its lowest level in over two months, taking out important technical levels as investors grew more bearish on the economy.

IMF open to extending terms on official Greek loans

The IMF is open to delaying Greece's repayment of its international bailout deal but a major restructuring of its debt would create untold problems in the euro zone, an IMF official said on Tuesday.

China official warns on excessive holdings of U.S. assets

China should guard against risks from excessive holdings of U.S. assets as Washington could pursue a policy to weaken the dollar, a senior official at the State Administration of Foreign Exchange said in comments published on Tuesday.

Dollar falls on China comments, global stocks rebound

The U.S. dollar fell broadly on Tuesday after a Chinese official said the greenback could weaken further against other major currencies while European equities rebounded as investors picked up beaten-down shares.

Stock index futures signal rebound

Stock index futures pointed to a firm opening on Wall Street on Tuesday, with futures for the S&P 500 up 0.6 percent, Dow Jones futures up 0.4 percent and Nasdaq 100 futures up 0.4 percent at 0735 GMT (2:35 a.m. ET).

Greece sees austerity vote by end-June, tax cuts later

The Greek government expects parliament to vote on its medium-term austerity plan, a condition of a new international bailout, by the end of June, a senior government official said on Tuesday.

Sina to launch English microblog by year-end

China's Sina Corp will launch an English version of its microblog, Weibo, by the end of the year for overseas users, a company spokesman said on Tuesday.

GE, Capital One bid for ING Direct USA: report

General Electric Co and Capital One Financial Corp have submitted bids for ING's U.S. online banking operations in a deal worth about $9 billion, Bloomberg reported on Tuesday.

Euro ticks up, Aussie dips as central bank holds rates

The euro ticked up in Asia on Tuesday, steadying from a slide after the Eurogroup chairman said the common currency was overvalued, while the Australian dollar dipped after the central bank kept interest rates steady.

Hackers claim to have hit Sony again

Hackers calling themselves Lulz Security said on Monday that they had broken into Sony Corp computer systems again, and posted the results on the Internet.

Ex-SAC manager calls Jiau's stock tips perfect

A former portfolio manager at hedge fund SAC Capital Advisors testified a consultant on trial for insider trading regularly provided absolutely perfect information in exchange for payments.

Judge: Lehman brokerage entitled to margin assets

The trustee for the brokerage arm of Lehman Brothers Holdings Inc is entitled to $4 billion in margin assets that have been the subject of a long-running legal fight with Barclays Plc , a bankruptcy judge said on Monday.

Thomson Reuters to sell healthcare business

News and information provider Thomson Reuters Corp said it plans to sell a unit that supplies healthcare data and analysis to companies, government agencies and health professionals.

Zambia asks Glencore unit for underpaid taxes

Zambia has asked commodity trader Glencore's Mopani Copper Mines for unpaid taxes after an audit of the subsidiary, leaked earlier this year, said it had underpaid mining dues, the country's finance minister said.

Goldman shareholder sues ex-director Gupta

A Goldman Sachs Group Inc shareholder sued Rajat Gupta, a former director of the investment bank, on Monday over trades revealed at the criminal insider trading trial of Galleon hedge fund founder Raj Rajaratnam.

In plea, ex-Madoff man admits falsifying records

A former employee at convicted financier Bernard Madoff's firm admitted to adding fake employees to the payroll and creating fraudulent accounts, part of a plea deal on Monday over bank fraud and other charges.

Goldman Sachs shareholder sues ex-director Gupta

A Goldman Sachs Group Inc shareholder sued Rajat Gupta, a former director of the investment bank, over trades revealed in civil and criminal insider trading cases against Gupta and convicted Galleon hedge fund founder Raj Rajaratnam.

Greece starts austerity push as nation seethes

Greek Prime Minister George Papandreou told his cabinet on Monday it was crucial to accept years of austerity to secure a new international bailout, a challenge for a nation already seething over corruption.

Losses at Paulson portfolio deepened in May

Hedge fund manager John Paulson posted fresh losses last month in one of his biggest funds even as other of his portfolios are faring well.

ECB's Trichet opposes Greek debt restructuring

A restructuring of Greece's public debt, which many analysts say is inevitable, is inappropriate as long as the country follows through on promised reforms, European Central Bank chief Jean-Claude Trichet said Monday.

Does this outfit make me look guilty?

Winifred Jiau, who is at the center of a high-profile, insider-trading trial, has much in common with other white-collar defendants. The former expert-network consultant has the benefit of a high-powered legal team and a sophisticated defense strategy.

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