Twelve senators named to Wall St reform panel
The Senate named 12 senators, including tough Wall Street critics and more moderate members, Tuesday to a panel that will finalize the most sweeping overhaul of financial regulations since the 1930s.
Nokia and Yahoo forge maps and e-mail deal
Yahoo Inc and Nokia Oyj said they would team up to boost their mobile Internet offerings, seeking to regain market share lost to rivals like Apple Inc and Google Inc.
Facebook CEO: privacy controls missed the mark
Facebook Chief Executive Mark Zuckerberg said the Internet social network will roll out new privacy settings for its more than 400 million users, amid growing concerns that the company is pushing users to make more of their personal data public.
Dell's Streak readies for battle with iPad
Dell Inc said its Streak tablet computer can double as a mobile phone and will have a front-facing camera for videoconferencing -- features it hopes will help the new gadget compete against Apple Inc's iPad.
Pru confident shareholders will back AIA bid
Most of Prudential Plc's investors are comfortable with its bid for AIG's Asian life unit AIA, its chairman said, moving to dispel fears shareholders may baulk at the $35.5 billion cost of the deal.
Geithner to urge Europe bank stress tests: CNBC
U.S. Treasury Secretary Timothy Geithner will urge European officials this week to conduct some form of banking system stress tests, CNBC reported on Tuesday, citing an Obama administration official.
No need to force banks out of swaps business: Frank
A U.S. lawmaker charged with a key role in hammering out a final financial regulation bill said on Tuesday there is no need to force banks out of the lucrative over-the-counter derivatives business -- a potentially big win for Wall Street firms.
Wall St slides on euro-zone woes
U.S. stocks dropped in a broad global sell-off on Tuesday as investors worried that Europe's banking problems could derail the economic recovery.
Stocks fall on euro-zone fears
Stocks sank in a broad global sell-off on Tuesday as investors worried that Europe's banking problems and North Korea's threats of military action against South Korea could derail the economic recovery.
Microsoft pushes out phone chief
Microsoft Corp pushed out the chief of its division focused on mobile phones, videogames and other consumer devices on Tuesday, allowing two lower executives to report to Chief Executive Steve Ballmer.
Instant View: Consumer confidence hits two-year high
U.S. consumer confidence rose in May to a two-year high as concerns about the labor market eased, according to a private sector report released on Tuesday.
Wall Street falls on euro-zone fears, N. Korea nerves
Stocks sank in a broad global sell-off on Tuesday as investors worried that Europe's banking problems and North Korea's threats of military action against South Korea could derail the economic recovery.
Consumer confidence hits highest since March 2008
Consumer confidence rose for the third straight month in May to the highest in more than two years as concerns about the labor market continued to ease, according to a private sector report released on Tuesday.
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Instant View: Home prices fall in first quarter
Single-family home prices were unchanged in March from February, but fell in the first quarter on renewed price pressure, Standard & Poor's/Case Shiller home price indexes showed on Tuesday.
Stocks tumble on euro-zone fears
Stocks tumbled about 2 percent on Tuesday, tracking a sell-off in global equities, on worries over Europe's banking sector and as short-term funding costs soared.
Fed's Bullard: Rate path depends on econ through 2011
The Federal Reserve will watch the U.S. economy's progress through autumn and into 2011 as it decides how long it will hold interest rates at ultra-low levels, a top Fed official said on Tuesday.
Home prices show renewed pressure
Single-family home prices were unchanged in March from February, but fell in the first quarter under renewed pressure before federal aid for buyers faded away, Standard & Poor's/Case Shiller home price indexes showed on Tuesday.
Fed's Bullard: Rate policy dictated by econ progress into 2011
The Federal Reserve will watch the U.S. economy's progress through autumn and into 2011 as it decides how long it will hold interest rates at ultra-low levels, a top Fed official said on Tuesday.
Fitch: Mining strikes not to hurt L.America ratings
The frequency of strikes in metals and mining companies in Latin America are not likely to lead to rating downgrades in the region in 2010, according to Fitch Ratings.. The companies that have tapped the debt capital markets, namely in Brazil, Chile, Mexico and Peru, tend to have diversified operations, enabling them to effectively weather strike action.
India in talks to bring Iran gas via Arabian Sea
In an attempt to bypass the dangerous routes in Pakistan, India and Iran are discussing building a gas pipeline between the two countries along the bed of the Arabian Sea. According to South Asia Gas Enterprise Private Ltd (SAGE), The carrying capacity of the gas pipeline's first leg will total 31 billion cu m annually, with the cost of construction estimated at $4 billion
Obama renews push for $30 billion small business plan
President Barack Obama is to renew a push on Tuesday to persuade the U.S. Congress to approve a $30 billion plan to spur lending to small businesses and trigger job creation.
News International launches paid-for Times sites
News Corp's News International launched new paid-for websites for the Times of London and the Sunday Times on Tuesday, the first major consumer newspapers to charge readers for online access.
Oil hit by weaker Euro, slower demand growth
Sovereign debt crisis in Europe, a much weaker-than-expected Euro and slightly higher-than-expected non-OPEC supply has forced Bank of America-Merrill Lynch (BofAML) to revises its WTI and Brent crude oil forecasts for second half of 2010 from $92/barrel to $78 per barrel. Yet despite the much reduced likelihood of a robust upswing in global economic activity, BofAML remain cautiously optimistic that the breadth of the recovery outside Southern Europe will prevent a double-dip scenario. Hence it...
China's oil imports from Kuwait hits new record
Kuwait's General Administration of Customs on Tuesday said country's crude oil exports to China grew 17.8 percent in April to a record high of 1.081 million tons. In a report issued here it said the new figure is equal to 264,000 barrels per day. Kuwait provided 5.1 percent of China's total crude oil imports, compared with 5.7 percent in the same month of last year and 4.5 percent in March.
Pru chairman confident shareholders will back AIA bid
Most of Prudential's investors are comfortable with its bid for AIG's Asian life unit AIA, its chairman said, moving to dispel fears shareholders may baulk at the $35.5 billion cost of the deal.
Home prices show renewed pressure: S&P
Single-family home prices were unchanged in March from February, but fell in the first quarter on renewed price pressure as federal aid faded away, Standard & Poor's/Case Shiller home price indexes showed on Tuesday.
Stock futures tumble on euro-zone, Korea worries
Stock index futures pointed to a fall of 2 percent at the open on Tuesday, tracking a sell-off in global equities, on worries over Europe's banking sector and as North Korea ramped up rhetoric against the South.
European stocks and euro slump on banking fears
European stocks and the euro slumped on Tuesday and German bonds hit a record high as investors worried about the fate of euro zone banks and the impact of austerity measures on economic growth.
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