IBT Staff Reporter

53161-53190 (out of 154943)

Wall Street edges higher, led by financials

Stocks rose on Tuesday, led by financials, as better-than-expected bank earnings overshadowed new worries about the crisis in Europe fueled by a warning over France's credit rating.

Swiss inching towards U.S. tax deal agreement

A Swiss parliamentary commission is edging toward accepting a government proposal that would allow the transfer of bank clients' data to the United States to settle a tax evasion dispute, Swiss news agency SDA reported.

Gasoline boosts producer prices, seen temporary

Producer prices rose at their fastest pace in five months in September as the cost of gasoline surged, but a small gain in core prices suggested the increased price pressure was unlikely to be sustained.

Angry Workers Prepare for 'Mother of All Strikes' in Greece

Greek ships were harbored and garbage rotted in the streets of Athens on Tuesday as angry workers built momentum for the mother of all strikes expected to bring the country to a halt in protest against a new package of tax hikes and wage cuts.

Goldman posts wider-than-expected Q3 loss

Goldman Sachs Group Inc lost $428 million in the third quarter, only its second quarterly loss as a public company, as its investment portfolio tanked and trading revenue fell.

Bank of America profit helped by accounting

Bank of America Corp reported a third-quarter profit, helped by accounting gains and asset sales, though the bank's main businesses showed signs of weakness as lending profit fell and expenses rose.

French credit review threatens euro zone rescue

Moody's decision to review France's triple-A credit rating cast new doubt on Tuesday on Europe's hopes of drawing a line under its sovereign debt crisis, five days before a crucial EU summit.

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