Oil prices fell for a second day on Wednesday as OPEC considered raising production, pushing up Asian stocks although investors remained on edge because of the turmoil in the Middle East.
The trustee seeking money for investors hurt by Bernard Madoff's Ponzi scheme said he hopes to begin distributing money in the near future but that lawsuits challenging his efforts are causing delays.
International Lease Finance Corp, the world's biggest aircraft leasing company, said on Tuesday it will order 100 narrowbody planes from EADS unit Airbus and 33 narrowbodies from Boeing Co , and scrap an order for 10 Airbus A380 super jumbo aircraft.
Bank of America Corp said it expects to be able to churn out pretax earnings of up to $40 billion annually within a few years after it clears up mortgage-related problems at the center of losses since 2008.
The biggest U.S. insider trading case in decades was expected to head into opening statements on Wednesday in a court showdown between prosecutors and lawyers for Galleon hedge fund founder Raj Rajaratnam.
BP Plc's Chief Executive Robert Dudley issued an industry-wide apology for the worst offshore spill in U.S. history at a high-profile energy conference on Tuesday.
Billionaire hedge-fund manager Carl Icahn is returning capital to outside investors, marking the end of an era as he joins other prominent stock pickers who no longer want the headaches of handling other people's money.
Corrects potential value of Boeing order to $2.67 billion from $2.13 billion in paragraph 13
The operator of LimeWire, a once-popular file-sharing service shut down last year for copyright infringement, has settled a lawsuit brought by music publishers.
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The criminal trial of hedge fund founder Raj Rajaratnam, at the center of the biggest U.S. insider trading probe in decades, began on Tuesday with the judge asking potential jurors whether they could be fair in deciding the case of a wealthy financial executive.
An upbeat profit forecast from Bank of America and a pullback in oil prices lifted Wall Street out of the technical danger zone on Tuesday in another sign of the market's near-term resilience.
Billionaire hedge fund manager Carl Icahn said he plans to return all of his clients' money, becoming the latest in a string of investors who no longer want to manage money for outsiders.
Markets have understood the European Central Bank's policy signals, ECB policymaker Axel Weber said on Tuesday, adding he did not want to correct expectations for rates to be at 1.75 percent by year's end.
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An upbeat profit forecast from Bank of America and a pullback in oil prices lifted Wall Street out of the technical danger zone on Tuesday in another sign of the market's near-term resilience.
Bank of America Corp expects to get past large mortgage losses over the next few years and reach pretax profits of as much as $40 billion annually, its chief executive said.
German carmaker Volkswagen's premium brand Audi posted record-high margins, beating domestic rival Mercedes , and said it expected to stay ahead of the competition in fast-growing China.
Billionaire hedge-fund manager Carl Icahn is returning outside investors' capital, marking the end of an era as he joins a string of prominent stock pickers who no longer want the headaches of overseeing other people's money.
The criminal trial of hedge fund founder Raj Rajaratnam, at the center of the biggest insider trading probe in decades, began on Tuesday with the judge asking potential jurors whether they could be fair in deciding the case of a wealthy financial executive.
Treasury Secretary Timothy Geithner urged Europe on Tuesday to strike a balance between tough fiscal reforms and financial support for troubled member states ahead of two crucial EU summits to resolve the bloc's debt crisis.
U.S. stocks rose on Tuesday after an upbeat profit forecast from Bank of America and a pullback in oil prices, which could lead to further gains if the Dow mounts a key level.
Stocks jumped on Tuesday after a pullback in oil prices and an upbeat profit forecast from Bank of America, but technical signals still suggested a market correction was near.
A French flight attendant, who was fired by United Airlines, has been allowed to pursue her federal discrimination claims against her former employer, the 7th Circuit Court of Appeals has ruled.
The European Central Bank's signal last week that it is ready to raise interest rates was quite necessary to tackle firming inflation pressures, ECB policymaker Axel Weber said on Tuesday.
Markets have understood the European Central Bank's policy signals, ECB policymaker Axel Weber said on Tuesday, adding he did not want to correct expectations for rates to be at 1.75 percent by year's end.
Galleon hedge fund founder Raj Rajaratnam, the central figure in the biggest U.S. insider trading case in a generation, went to trial on Tuesday in a showdown with prosecutors that will feature wiretap evidence and the testimony of former friends and associates.
Oil prices fell sharply on Tuesday with Brent crude dropping more than $2 a barrel after Kuwait's oil minister said OPEC was considering boosting production for the first time in more than two years.
U.S. stocks were flat on Tuesday as continued turmoil in Libya indicated a quick resolution to the unrest in that country was not on the horizon and a drop in oil prices failed to ease investor worry about the economic recovery.
