MetLife to sell bank unit to GE Capital
General Electric Co jumped into the retail deposits business on Tuesday, buying the online bank from life insurer MetLife Inc in a deal that will let GE's capital arm expand its funding base and lessen reliance on wholesale markets.
LCD makers in $553 million U.S. price-fixing accord
Samsung Electronics Co, Sharp Corp and five other makers of liquid crystal displays agreed to pay $553 million to settle consumer and state regulatory claims that they conspired to fix prices for LCD panels in televisions, notebook computers and monitors.
Consumer confidence hits 8-month high in December
Consumer confidence rose more than expected in December, hitting an eight-month high, as Americans grew more upbeat about the labor market and their financial situation.
LCD Makers in $539 Million Price-Fixing Accord
Samsung Electronics Co, Sharp Corp and five other makers of liquid crystal displays agreed to pay $539 million to settle claims they conspired to fix prices and stifle competition for LCD panels in televisions, notebook computers and monitors, according to a court filing.
Did Newt Gingrich Support Romneycare Before He Opposed It?
In a 2006 newsletter from his former consulting company, the Center for Health Transformation, Newt Gingrich praised Mitt Romney's Massachusetts health care plan, and specifically the individual mandate.
Mead Johnson shares up
Mead Johnson shares rose nearly 5 percent in premarket trade on Tuesday after the maker of Enfamil baby formula said its products were safe, even as health officials continue their investigation following the death of an infant.
Wall Street edges up, adding to recent gains
Stocks edged higher in early trading on Tuesday, adding to recent gains, but investors mostly stayed on the sidelines in a session expected to produce light volume.
Consumer confidence rises, house prices fall
Consumer confidence rose to an eight month high in December as households grew more upbeat about job prospects, but other data showed the housing market likely remains a drag on economic growth with house prices falling 3.4 percent in the October year.
Newt Gingrich News: Court Documents Contradict His Divorce Story
CNN has published court documents from Newt Gingrich's 1980 divorce that contradict his claim that his ex-wife, Jackie Battley, initiated the proceedings.
House prices fall sharply in October
Single-family home prices fell more than expected in October, data showed Tuesday, raising doubts that recent signs of improvement in the housing market would be sustained.
Futures point to dip at open after home price data
Stock index futures pointed to a modestly lower open on Tuesday as investors found little reason to continue buying in what was expected to be a light-volume session following recent gains.
Italy antitrust body fines Apple for misleading customers
Italy's antitrust body has fined units of U.S. technology group Apple Inc a total of 900,000 euros for failing to adequately inform customers about their rights to product guarantees and assistance.
Italy anti-trust fines Apple for misleading customers
Italy's anti-trust body has fined units of U.S. technology group Apple Inc a total of 900,000 euros for failing to adequately inform customers about their rights to product guarantees and assistance.
Futures flat after last week's gains
Stock index futures were little changed on Tuesday as investors found little reason to make big bets in what was expected to be a light-volume session following the previous week's gains.
Any GSM phone vulnerable to new scam: researcher
A well-known expert on mobile phone security says a vulnerability in a widely used wireless technology could allow hackers to gain remote control of phones, instructing them to send text messages or make calls.
Futures off ahead of factory, home price data
stock index futures were lower on Tuesday as investors found little reason to make big bets in what was expected to be a light-volume session following the previous week's gains.
Samsung eyes 15 percent rise in handset sales next year: report
South Korea's Samsung Electronics aims to raise its global handset sales by 15 percent next year by boosting its smartphone sales, putting it in a closer race with bigger rival Nokia, a local newspaper said on Tuesday.
Sears to close 100-120 Kmart, Sears Full-line stores
Retailer Sears Holdings Corp said it plans to close 100-120 Kmart and Sears Full-line stores and expects its adjusted fourth-quarter EBITDA to more than halve from a year ago.
European stocks edge up, euro stuck before Italy auction
European stocks crept higher on Tuesday, catching the tailwind of a pre-holiday U.S. rally, while the euro was hamstrung by the prospect of a large Italian debt auction later in the week.
Sears to close up to 120 Kmart, Sears Full-line stores
Retailer Sears Holdings Corp said it plans to close 100-120 Kmart and Sears Full-line stores and expects its adjusted fourth-quarter EBITDA to more than halve from a year ago.
Greek retail sees worst Christmas sales in decades
Greece's stores had their worst Christmas in decades, with retail sales dropping by 30 percent compared with the same period last year as the economic crisis shattered consumer confidence, the ESEE retail federation said on Tuesday.
China begins using new global positioning satellite
China took a further step on Tuesday toward ending its dependence on U.S. satellites to provide navigation and positioning services with the start of trial operations of its homegrown Beidou system.
E&Y audit panel says no violations in Olympus handover
A panel reviewing the auditing of Olympus Corp after its $1.7 billion accounting scandal said it had so far not found any problems with the work of Ernst & Young's Japanese arm and questioned the accuracy of a separate investigation critical of auditors.
Debt-riddled Japan relaxes decades-old arms exports ban
Debt-riddled Japan Tuesday relaxed its self-imposed decades-old ban on military equipment exports in a move that will open new markets to its defense contractors and help the nation squeeze more out of its defense budget.
NTT Docomo to develop smartphone chips with Samsung, others
NTT Docomo Inc, Japan's biggest mobile phone service operator, said Tuesday it will partner with South Korea's Samsung Electronics Co and other Japanese firms to develop chips for smartphones.
Asian shares ease in thin trade, U.S. data awaited
Asian shares eased on Tuesday as investors squared positions in thin volume before U.S. markets reopen after a long weekend and investors see fresh data that could offer clues about prospects for the world's largest economy.
Audit panel: no violations in Olympus handover
A panel reviewing the auditing of Olympus Corp after its $1.7 billion accounting scandal said it had so far not found any wrongdoing by the Japanese arm of Ernst & Young and questioned the accuracy of a separate investigation critical of auditors.
China's fiscal deficit to fall in 2012: source
China's central government will run a smaller fiscal deficit in 2012, according to a report by local media.
Actor Matthew McConaughey proposes to girlfriend
Hollywood leading man Matthew McConaughey has proposed to his longtime girlfriend and the mother of their two children, model Camila Alves, the actor said in a posting on celebrity website Whosay.com
Japan says it, India close to deciding dollar swap pact
Japan and India are in the final stages of deciding on a dollar swap agreement and expect to reach agreement during Japanese Prime Minister Yoshihiko Noda's visit to India this week, Japan's finance minister said on Tuesday.