JPMorgan Chase & Co shareholders rejected a proposal to strip Chief Executive Jamie Dimon of his chairman title, but they gave him a hard time at the bank's annual meeting on Tuesday.
The Senate voted to give state authorities a role in enforcing new bank consumer protection rules as lawmakers sought on Tuesday to complete their financial regulation package before a series of final votes on landmark Wall Street reform.
The largest U.S. stocks face new trading curbs after regulators on Tuesday unveiled a plan meant to avoid a repeat of the mysterious May 6 market drop that quickly spiraled out of control.
The release of the RBA board minutes suggested just what the market had expected and in fact had already begun pricing in – interest rates are at normal levels.
Stocks sank on Tuesday, driven lower as the strengthening of financial regulation from Wall Street to Frankfurt crushed bank stocks, adding to worries about the sustainability of the global economic recovery.
Visa Inc's and MasterCard Inc's shares dropped sharply on Tuesday, as Visa's chief executive said a proposed law to curb debit card fees could cut into transaction volumes.
Stocks sank on Tuesday, driven lower as the strengthening of financial regulation from Wall Street to Frankfurt crushed bank stocks, adding to worries about the sustainability of the global economic recovery.
New rules to curb stock trading when markets plunge uncontrollably will go into effect in June for the largest stocks, sources familiar with regulators' plans said on Tuesday.
Housing starts touched a 1-1/2-year high in April, but a drop in building permits to a six-month low implied the housing market recovery may struggle to gain momentum without more government aid.
Logan was a soon-to-be MBA graduate who had worked in his family-owned construction business for five years. While attending college-and acquiring two undergraduate degrees-he had been gaining hands-on experience in business management, project coordination, and customer service in the design/build firm his family had been operating on a part-time basis.
Stocks fell on Tuesday on continued worries that measures to deal with Europe's debt problems will hinder global economic growth.
New rules to curb stock trading when markets plunge uncontrollably will kick in as early as mid-June for the largest U.S. stocks, two sources familiar with regulators' plans said on Tuesday.
Moving to clear away an obstacle to passage of a Wall Street reform bill, key U.S. senators have struck a compromise balancing state and federal powers in bank consumer protection, aides said on Tuesday.
U.S. stocks extended declines on Tuesday with the S&P 500 down slightly more than 1 percent, weighed down by bank stocks as investors fret over the implications of a federal financial regulation proposal.
Stocks slid on Tuesday, pressured by euro weakness that raised concerns about the impact on technology companies' sales and by worries over Europe's debt problems.
Fears that the huge Gulf of Mexico oil spill was spreading through ocean currents flared on Tuesday after tarballs were found on Florida's Key West, while energy giant BP Plc worked to capture more of the leaking crude.
U.S. stocks declined in choppy trading on Tuesday as the euro's weakness raised concerns about the impact on technology companies' sales and worries over Europe's debt problems resumed.
U.S. stocks extended declines in choppy trade on Tuesday as shares of chip makers weighed, while worries over Europe's debt problems resumed.
Stocks were set to open higher on Tuesday as euro-zone finance ministers worked to refine a 750 billion euro ($925 billion) bailout plan and Wal-Mart and Home Depot posted solid earnings.
Exchanges are expected to introduce new trading curbs known as circuit breakers for large U.S. stocks over a six-month pilot program, as regulators move to avoid a repeat of the severe market plunge on May 6, two people familiar with the talks said on Tuesday.
Stocks rose on Tuesday on hopes euro-zone officials were making progress on a package of measures to resolve a debt crisis as well as solid earnings from a host of retailers, including Wal-Mart.
Greece received a 14.5 billion euro ($18 billion) loan from the European Union on Tuesday and can now repay its immediate debt, but still faces a mammoth task to claw its way out of recession.
Fidelity National Information Services Inc confirmed that talks regarding the sale of the company have ended, and the payment processor plans to borrow heavily to buy back shares.
A discovery of tar balls on Florida's Key West fanned fears on Tuesday that a massive Gulf of Mexico oil spill was spreading through ocean currents, as energy giant BP Plc worked to capture more of the crude leaking from its gushing deep-water well.
More than 80 independent oil and gas producers have sued units of Goldman Sachs Group Inc and BP Plc , alleging they conspired with SemGroup LP to defraud the plaintiffs of money owed for oil and gas delivered prior to the energy trader's 2008 bankruptcy.
Producer prices eased in April and costs excluding food and energy remained contained, suggesting inflation is not a near-term concern for officials at the Federal Reserve.
Housing starts rose more than expected in April to touch their highest level since October 2008 likely on the back of a home buyer tax credit, but permits hit a six-month low, a government report showed on Tuesday.
Fidelity National Information Services Inc confirmed that talks regarding the sale of the company have ended, and the payment processor will now go for a leveraged recapitalization with a substantial share buyback.
Stock futures rose on Tuesday as euro-zone finance ministers worked to iron out wrinkles in a 750 billion euro ($925 billion) bailout plan and Home Depot posted solid earnings.
German investor sentiment fell sharply in May on concern growth will be stifled by a 750-billion-euro ($930 billion) rescue package designed to calm market fears of a wave of Greek-style debt crises.
