Manufacturing in New York state rose to a nine-month high in March, but a sharp slowing in new orders suggested that economic growth could be less robust in future months.
NEW YORK - Comedian Gilbert Gottfried apologized on Tuesday for a series of jokes made on Twitter about the Japanese earthquake and tsunami, comments which got him fired as the voice of insurer Aflac.
NEW YORK - Comedian Gilbert Gottfried apologized on Tuesday for a series of jokes made on Twitter about the Japanese earthquake and tsunami, comments which got him fired as the voice of insurer Aflac.
The Federal Reserve maintained its ultra-loose monetary policy on Tuesday, saying the economy was gaining traction while flagging potential inflation risks from costlier energy and food.
EBay Inc said it would allow sellers on its auction site to offer as many as 50 items per month without charging them a listing fee starting next month as it seeks to draw more business to its mature marketplaces unit.
Hedge fund manager Raj Rajaratnam was told in mid-2008 of boardroom talks at Goldman Sachs about whether takeovers of Wachovia Corp or AIG made sense, jurors heard at his criminal trial.
A comprehensive settlement between U.S. authorities and banks over alleged mortgage servicing abuses needs to be reached quickly to help the housing market heal, Treasury Secretary Timothy Geithner said on Tuesday.
Manufacturing in New York state rose in March to a nine-month high, while prices paid also accelerated in another sign inflation is starting to build.
Stocks fell 1 percent on Tuesday as fears of a nuclear crisis in Japan fanned caution in equities and the market looked likely to extend its bearish trend.
The Federal Reserve looks set to maintain its ultra-loose monetary policy on Tuesday as lofty oil prices and swooning stock markets after Japan's ravaging earthquake raised doubts about the economy's path.
Manufacturing in New York state rose in March to a nine-month high, while prices paid also accelerated in another sign inflation is starting to build.
U.S. stocks tumbled more than 2 percent at the open on Tuesday, tracking global equities sharply lower as Japan's looming nuclear crisis looked set to thrust financial markets into a period of turmoil.
Wall Street was set to tumble more than 2 percent at the open on Tuesday, tracking global equities sharply lower as Japan's looming nuclear crisis looked set to thrust financial markets into a period of turmoil.
Wall Street tumbled more than 2 percent on Tuesday and the Nasdaq turned negative for the year as Japan's looming nuclear crisis looked set to thrust financial markets into a period of turmoil.
Japan's Nikkei share average plunged 10.6 percent on Tuesday, posting the worst two-day rout since 1987, as hedge funds bailed out after reports of rising radiation near Tokyo. Many mutual funds were left on the sidelines, leaving them poised to dump shares into any rebound.
Nasdaq OMX Group Inc is closer to making a counter-bid for NYSE Euronext , a source familiar with the situation said, a move that would challenge the Big Board's blockbuster deal with Deutsche Boerse by merging two of Wall Street's fiercest rivals.
U.S. stock index futures tumbled about 2 percent on Tuesday as Japan faced a looming nuclear crisis, sending global equities sharply lower in what could be a prolonged bout of turmoil for financial markets.
Claudia came to me with a one-page résumé void of any explanation of what she did in each of her roles. Her résumé was simply a listing of education, professional experience, and industry involvement. The problem with this however was that Claudia wanted to transition from teaching to counseling
European Union finance ministers agreed on Tuesday on tougher rules against excessive borrowing and macroeconomic imbalances, aimed to shore up market confidence and help end the sovereign debt crisis.
The number of employed people in the eurozone rose in the last quarter of 2010, as hiring increased in the agriculture and financial services sectors.
Brent crude fell below $110 a barrel for the first time in nearly three weeks on Tuesday as a deepening nuclear crisis in Japan and rising radioactivity levels heightened risk aversion across financial markets.
Japan's Nikkei share average plunged 10.6 percent on Tuesday, posting the worst two-day rout since 1987, as hedge funds bailed out after reports of rising radiation near Tokyo. Many mutual funds were left on the sidelines, leaving them poised to dump shares into any rebound.
Stock index futures dropped sharply on Tuesday, with futures for the S&P 500 down 2.8 percent, Dow Jones futures down 2.5 percent and Nasdaq 100 futures down 2.6 percent at 0935 GMT (5:35 a.m. ET), on mounting fears over Japan's nuclear crisis.
(Corrects sixth paragraph to show ICE's failed bid four years ago was for Chicago Board of Trade)
The Bank of Japan on Tuesday continued to flood the money market with cash while top policymakers sought to contain a sharp sell-off in Tokyo stocks with reminders they kept a close watch over market moves and assurances about the economy's overall health.
World stocks hit 2-1/2 month lows on Tuesday and oil fell and the yen surged after reports of rising radiation near Tokyo triggered a 10 percent fall in Japanese stocks, hurting risky assets across the board.
Japanese leaders tried to calm panicky financial markets on Tuesday as a deepening nuclear power crisis looked certain to increase the toll on an economy already convulsing from a massive earthquake and tsunami.
Shares and other risky assets from the Australian dollar to commodities such as copper and oil slumped on Tuesday while safe-haven assets like U.S. Treasuries rallied as Japan's nuclear crisis worsened.
Japanese stocks plunged 12 percent on Tuesday on reports of rising radiation levels near Tokyo and lurched toward their biggest loss since the 1987 crash, in a panic selloff likely to compound the economic impact on the quake-stricken country.
Japanese stocks plunged 10.6 percent on Tuesday, posting the worst two-day losing streak since 1987, on reports of rising radiation near Tokyo, suggesting any deterioration at a quake-hit nuclear plant could trigger more panic selling led by hedge funds.
