Portugal has reached a deal on a three year bailout loan with the European Union and IMF, caretaker Prime Minister Jose Socrates said on Tuesday.
Japan's Nissan Motor Co Ltd won a 10-year contract to build the next generation of New York's iconic yellow taxis, Mayor Michael Bloomberg announced on Tuesday.
U.S. factory orders surged in March, posting a fifth straight monthly increase that showed a healthy manufacturing sector well placed to support economic recovery.
The government sued Deutsche Bank AG for more than $1 billion, accusing the German bank of fraud for repeatedly lying to obtain federal guarantees on mortgages it issued.
Sprint Nextel has asked West Virginia's state regulators to review AT&T Inc's proposed $39 billion purchase of T-Mobile USA and expects to file similar requests in other states.
The Securities and Exchange Commission pulled out all the stops when it tapped University of Texas law professor Henry Hu to head the first new division created at the agency in 37 years.
General Motors Co returned to the top spot in auto sales in April as high gasoline prices fed consumer hunger for more fuel-efficient cars.
MasterCard Inc's first-quarter profit rose 24 percent, beating expectations, as people around the world spent more money and U.S. consumers even started using their credit and debit cards to buy more than the necessities.
A bill to create a new market for financing mortgages that would help wean the $10.6 trillion mortgage market off government support advanced in the House of Representatives on Tuesday.
Stocks fell on Tuesday, led by commodity-related shares, and investors saw further losses in these sectors, which have gained the most in the recent rally.
The United States sued Deutsche Bank AG, accusing the German bank and its MortgageIT Inc unit of repeatedly lying to be included in a federal program to select mortgages to be insured by the government.
Investors pulled back some of their exposure to equities in April, buying bonds and turning to safe-haven cash amid worries that global economic growth could falter from its rapid pace, Reuters polls showed on Tuesday.
MetroPCS Communications
posted a higher quarterly profit on stronger-than-expected customer growth, sending its shares up as much as 9 percent.Ally Financial Inc, the former General Motors Acceptance Corp, posted lower quarterly profit, hurt by bad mortgages made before the housing crisis.
General Motors Co and Ford Motor Co reported strong U.S. sales gains in April, as high gasoline prices drove consumer demand for fuel-efficient cars.
Shares of LivePerson Inc fell more than 15 percent on Tuesday, a day after the Web-based software maker reported a market-beating first-quarter profit but gave muted second-quarter and full-year outlooks.
U.S. factory orders surged in March, posting a fifth straight monthly increase that showed a healthy manufacturing sector well placed to support economic recovery.
A former Goldman Sachs Group Inc programer, sentenced to eight years in prison for stealing part of the bank's high-frequency trading code, should never have been charged, his lawyer argued on Tuesday in a bid to have him released while he appeals.
The S&P and Nasdaq declined on Tuesday as investors sold commodity-related shares, and saw the market digressing further from its recent rally.
General Motors Co's U.S. sales rose 26 percent in April, a sign that the automaker has not been greatly affected by supply disruptions from Japan after the March 11 earthquake.
U.S. stocks dipped on Tuesday as a move higher in the dollar pressured commodity prices and investors weighed the potential for some consolidation in equities after a recent run-up.
Ally Financial Inc, the former General Motors Acceptance Corp, posted lower quarterly profit as it made less money from auto lending.
An influential member of Germany's governing coalition backed the possibility on Tuesday of easing the terms of Greece's euro zone bailout, a move that might help Athens better weather the debt crisis.
MasterCard Inc's first-quarter profit rose 24 percent, beating expectations, as consumers spent more money on their credit and debit cards.
U.S. stock index futures fell on Tuesday as strength in the dollar pressured commodity prices and investors eyed a possible pullback in equity prices after a recent run-up.
Brent crude oil dipped below $124 a barrel on Tuesday as the dollar rose from a three-year low and traders weighed the impact on the market of al Qaeda leader Osama bin Laden's death.
Greece insisted on Tuesday any restructuring of its debts would be a disaster for the economy, but financial markets continue to view it as likely and are betting that the euro zone debt crisis will worsen.
India's central bank raised interest rates by a bigger-than-expected 50 basis points on Tuesday and declared it would battle stubbornly high inflation even at the cost of some economic slowdown, casting doubt over the government's ambitious growth targets.
U.S. stock index futures fell on Tuesday as strength in the dollar pressured commodity prices and investors eyed a possible pullback in equity prices after a recent run-up.
German reinsurer Hannover Re slashed its full-year net profit outlook after heavy claims from earthquakes in Japan and New Zealand took their toll in the first quarter.
