Washington Mutual Inc reached agreement to extend a key deadline in its $10 billion settlement that is at the end of its plan to end its bankruptcy, according to a court filing on Tuesday.
Allstate Corp has sued Bank of America Corp and 18 other defendants over losses it said it suffered on more than $700 million of mortgage debt it bought from Countrywide Financial Corp.
General Motors Co shares rose as much as 2.5 percent in midday trading on Tuesday after banks resumed coverage of the automaker with high marks for its North American sales and position in emerging markets.
Confidence among global institutional investors rose in December, as improved sentiment toward the United States outweighed continued concerns about Europe, State Street Corp said on Tuesday.
The Dow and S&P 500 rose in light trading on Tuesday, extending December's rally, as cold weather in the Northeast lifted oil prices and energy shares.
MannKind Corp said U.S. regulators need an additional four weeks to complete their review of its experimental diabetes treatment, lifting the hopes of some investors who expected the drug to be rejected outright and sending the company's stock up as much as 11.5 percent.
Citigroup Inc is on track to exceed expected regulatory requirements and shrink its worst assets to less than 20 percent of its balance sheet, Chief Executive Vikram Pandit told employees in an end-of-year internal memo on Monday.
U.S. consumer confidence unexpectedly deteriorated in December, hurt by increasing worries about the jobs market, according to a private report released on Tuesday.
U.S.-based Nasdaq OMX Group is looking at having a second stab at setting up a market in Japan with the Osaka Securities Exchange <8697.OS>, hoping to attract investors from emerging Asian economies, domestic media reported.
Prices of single-family homes fell almost double the expected pace in October, the fourth straight decline, data from a closely watched survey showed on Tuesday, fresh evidence the housing market continues to struggle.
Energy and material stocks led gainers on the S&P 500 on Tuesday in a thinly traded session in which major indexes barely budged.
U.S. consumer confidence unexpectedly deteriorated in December, while prices of U.S. single-family homes fell almost double the expected pace in October, tempering growing optimism on the economy's recovery.
Recent reforms of euro zone governance have not gone far enough, European Central Bank Governing Council member Yves Mersch said on Tuesday.
Consumer confidence unexpectedly deteriorated in December, hurt by increasing worries about the jobs market, according to a private report released on Tuesday.
U.S. stocks were little changed on Tuesday as investors were reluctant to take large positions in either direction and largely shrugged off weaker-than-expected data on consumer confidence and home prices.
China will allow more banks to sell currency forwards to their clients to further develop demand and the nation's nascent derivatives market, the country's foreign exchange regulator said on Tuesday.
The Tel Aviv Stock Exchange plans two new technology stock indexes as part of efforts to transform itself into a high-tech center and lure overseas investment, Chief Executive Ester Levanon said on Monday.
The European Central Bank failed to attract the 73.5 billion euros from banks on Tuesday needed to offset its seven-month run of euro zone government bond purchases, instead managing to draw just over 60 billion.
U.S. stocks were set for a modestly higher open on Tuesday ahead of an expected lift in a measure of U.S. consumer confidence, indicating the economic recovery remained on track to sustain the year-end rally.
U.S. stock index futures climbed on Tuesday ahead of an expected higher reading on U.S. consumer confidence, as Japanese production rose, indicating the global economic recovery was on track and adding fuel to a year-end rally.
Dai-ichi Life Insurance Co will take full control of Tower Australia Group Ltd for $1.2 billion in cash, the latest in overseas acquisitions by Japanese insurers keen to move away from a stagnant home market.
Stock index futures pointed to a slightly higher open on Wall Street on Tuesday, with futures for the S&P 500 up 0.2 percent, Dow Jones futures up 0.08 percent and Nasdaq 100 futures up 0.02 percent at 1000 GMT (5 a.m. ET).
Japanese factory output rose for the first time in six months in November and manufacturers expect to boost production in coming months, suggesting that firm demand in Asia will help the economy resume a recovery early next year.
China's central bank took aim at inflation once again on Monday by saying it will control lending and money growth in the world's second-biggest economy to head off price pressures and asset bubbles.
Ally Financial Inc, the lender formerly known as GMAC, on Monday said it agreed to pay $462 million to Fannie Mae to avoid having to repurchase poorly underwritten mortgages sold to the housing finance giant.
Bailed-out insurer American International Group
took another step toward winding down its U.S. government support on Monday by securing $4.3 billion of bank credit lines, and company shares surged.U.S. stocks closed little changed and the dollar lost ground to the euro in thin trade on Monday, buffeted by China's Christmas Day interest rate hike and a blizzard that pounded the northeastern United States.
Wall Street erased earlier losses and ended little changed on Monday as investors shrugged off a surprise weekend interest rate hike from China's central bank.
A major snowstorm on the East Coast kept many shoppers home just after Christmas, casting a pall on the final act of the holiday sales season.
H&R Block Inc, the largest U.S. tax preparer, said it will not be able to help customers borrow money against their tax refunds in the coming months, as the bank that was supposed to provide the loans is under a regulatory directive not to.
