The Dow rose on Tuesday after blue-chip component McDonald's posted stronger-than-expected restaurant sales, but the S&P 500 and Nasdaq were little changed after China raised interest rates.
Three hedge fund managers and a hedge fund analyst will be charged with insider trading, U.S. prosecutors said on Tuesday, the latest development in a broad probe of funds' trading activities.
Facebook will relocate its corporate headquarters to Menlo Park, California, starting this summer, the fast-growing social networking company's second move in less than two years.
The Obama administration will propose raising the cost of loans backed by the Federal Housing Administration as part of a plan to reduce government support of the mortgage market to below 50 percent, said sources familiar with the plan.
Wall Street rose modestly on Tuesday, led by gains in the consumer discretionary sector after McDonald's posted global sales that were above Wall Street's estimates.
Avon Products Inc
posted a steeper-than-expected drop in quarterly profit, hurt by weak sales and restructuring charges, and shares of the world's largest direct seller of cosmetics fell more than 4 percent.A U.S. government investigation showed no link between electronic throttles and unintended acceleration in Toyota Motor Corp vehicles, a victory for the world's top automaker battered by recalls over runaway vehicles.
Gold rose more than 1 percent on Tuesday to $1,367.60 an ounce as traders covering short positions in the New York futures market pushed spot prices through key resistance at the metal's 100-day moving average.
The Federal Reserve should seriously consider pulling back on its $600 billion stimulus program given stronger growth and a brighter jobs picture, Richmond Fed President Jeffrey Lacker said on Tuesday.
China raised interest rates on Tuesday for the second time in just over six weeks, intensifying a battle in the fast-expanding economy against stubbornly high inflation that threatens to unsettle global markets.
China raised interest rates on Tuesday for the second time in just over six weeks, intensifying a battle against stubbornly high inflation that threatens to unsettle global markets.
Wall Street rose modestly on Tuesday, led by gains in the consumer discretionary sector after McDonald's posted earnings above Wall Street's estimates.
The Obama administration is considering reducing government support for the mortgage market to below 50 percent over time, according to sources familiar with a White House proposal to revamp the housing finance system.
Wall Street was little changed on Tuesday as an interest hike by China weighed on energy shares and major indexes faced resistance near 2 1/2-year highs.
Avon Products Inc
posted a steeper-than-expected drop in quarterly profit, weighed down by weak sales and restructuring charges.The Federal Reserve should seriously consider pulling back on its $600 billion stimulus program given stronger growth and a brighter jobs picture, Richmond Fed President Jeffrey Lacker said on Tuesday.
Financial exchanges group NYSE Euronext is banking on its nascent U.S. futures unit and technology investments to reverse a decline in trading that pushed down profit last quarter.
U.S. stocks were little changed on Tuesday after an interest rate hike by China raised worries about global demand and weighed on energy shares.
President Barack Obama stepped up efforts to woo the U.S. business community on Monday, seeking its help to tackle burdensome corporate taxes in a speech to a business group that has long been a fierce critic.
Newmont Mining Corporation (NEM.N) expects to more than double its African gold production to 1.2 million ounces by 2015, driven by its projects in Ghana, a senior executive said on Tuesday.
Confidence among small U.S. business owners rose to a three year high in January, but concerns about sales saw owners remain cautious about hiring and spending plans, a survey showed on Tuesday.
U.S. stocks were set to open little changed at 2-1/2 year highs on Tuesday, with investors focused on corporate earnings and the impact of an interest rate hike by China on economic demand.
Expectations are high when Nokia's new Chief Executive Stephen Elop takes stage on Friday at an investor event in London.
French telecoms carrier Orange has ditched Google's Internet advertising-serving company DoubleClick in favor of independent OpenX, in a sign of the smaller company's growing challenge to the major players.
China's central bank raised interest rates by a quarter-point to 6.06 percent on Tuesday, its second increase in just over a month, intensifying its fight against stubbornly high inflation.
U.S. stock index futures were little changed on Tuesday, with investors focused on corporate earnings and the impact an interest rate hike in China will have on global economic demand.
Cellphone security threats rose sharply last year as a proliferation of Internet-enabled mobile devices like smartphones and tablets provided new opportunities for cybercriminals, security software maker McAfee said.
UBS expects to win more client funds for its wealth management business in 2011 and sees a rebound in the investment banking division whose losses almost felled it in the financial crisis.
U.S. stock index futures were little changed on Tuesday, with investor focused on corporate earnings and the effects an interest rate hike in China may have on demand growth.
The heightened sense of scrutiny surrounding many heavily-indebted rich nations is sending the right message about fiscal discipline but is coming at the wrong point in the recovery cycle for many countries, and could do more harm than it's worth to the global economy.
