PayPal, the online payment service owned by eBay Inc, is backtracking on its policy against processing sales of e-books containing themes of rape, bestiality or incest after protests from authors and anti-censorship activist groups.
The Federal Reserve on Tuesday provided few clues on the prospects for further monetary easing, offering just a slight upgrade to its economic outlook while restating concerns about the high level of unemployment.
Stocks rallied on Tuesday, with banks and technology shares leading the way higher as stronger-than-expected retail sales and signs of easing in the euro zone were signals the global economy was gaining momentum.
Dell Inc. (Nasdaq: DELL), the third-largest maker of PCs in the world, will pay about $1.2 billion for network security company SonicWall Inc. to bolster its enterprise security offerings, The Wall Street Journal said Tuesday.
The Federal Reserve on Tuesday acknowledged recent signs of strength in the economy and said recent financial market strains have eased, offering few clues on the chances for further monetary easing.
Banks and technology shares led the S&P 500 and Nasdaq to multi-year highs on Tuesday as U.S. retail sales exceeded expectations last month and concerns eased about the euro zone's crisis.
The Senate will vote this month on a bipartisan measure already passed by the House of Representatives to make it easier for small firms to raise capital, according to a Senate Democratic aide.
Banks and technology shares led the S&P 500 and the Nasdaq more than 1 percent higher on Tuesday as U.S. retail sales exceeded expectations last month and concerns eased about the euro zone's crisis.
JPMorgan Chase & Co is paying the federal government $45 million to settle a lawsuit alleging it charged veterans hidden fees in mortgage refinancings.
The S&P 500 and Nasdaq hit multi-year highs on Tuesday as U.S. retail sales rose more than forecast last month and as concerns eased about the euro zone's crisis.
The number of jobs waiting to be filled dropped slightly in January, the government said on Tuesday.
U.S. retail sales posted their largest gain in five months in February as Americans stepped up purchases of motor vehicles and other goods even as they paid more for gasoline.
Japanese billionaire Kazuo Okada, embroiled in a legal fight with former partner Steve Wynn, the chairman of casino operator Wynn Resorts, used a video on Tuesday to deny claims by the Las Vegas mogul that he was unsuitable to be a company director.
Stocks rose at the open on Tuesday on easing concerns about the euro zone's economy and after a report showed better-than-expected retail sales last month.
Britain's Financial Services Authority has fined Nicholas Kyprios, head of Credit Suisse's European Credit Sales business in London, 210,000 pounds ($327,900), alleging that he gave away confidential client information.
At least 50 advisers who managed nearly $12 billion in client assets at Merrill Lynch have left the thundering herd since January 1, based on moves tracked by Reuters.
Retail sales recorded their largest gain in five months in February as Americans snapped up motor vehicles and bought a range of goods even as they paid more for gasoline, government data showed on Tuesday.
The World Trade Organization said on Monday it had upheld the bulk of a ruling that Boeing received billions of dollars of subsidies to compete with Europe's Airbus , as both sides once again claimed victory in a long-running trade row.
Volkswagen AG unit Audi is in talks to buy Italian motorbike maker Ducati, two sources familiar with the matter said, in a deal that could extend a long-standing rivalry with BMW to superbikes.
Stock index futures advanced on Tuesday ahead of data that could provide clues about the intensity of consumer spending and before a monetary policy announcement from the Federal Reserve.
European shares rose and the dollar held near highs on Tuesday on hopes German and U.S. data will fuel expectations of an economic recovery and of no fresh stimulus moves from the Federal Reserve later in the day.
The package of new financing, debt restructuring and reforms can put Greek debt on a sustainable path, but Athens will have to stick to good policies until 2030 to make it work, an updated debt sustainability analysis by international lenders showed.
The Bank of Japan kept monetary policy on hold on Tuesday, overruling a lone proposal for more stimulus and disappointing some in markets who thought the central bank could follow up last month's easing with another move to amplify its impact.
European shares gained on Tuesday on hopes German and U.S. data will support rising hopes of an economic recovery ahead of a monetary policy statement by the Federal Reserve.
Asian equities hit a one-week high on Tuesday, holding firm in the wake of recent signs of improvement in the U.S. economy, while the yen rose after the Bank of Japan kept monetary policy steady.
Some big financial firms have offered to buy the claims of thousands of MF Global customers, whose money went missing after the brokerage firm collapsed last year, the New York Times said, citing people involved in the negotiations.
The Bank of Japan held off on easing monetary policy on Tuesday after last month's surprise loosening, but board member Ryuzo Miyao unsuccessfully proposed a further easing by increasing the bank's asset-buying and loan scheme by 5 trillion yen ($61 billion).
The Federal Reserve on Tuesday is expected to hold a steady course on monetary policy, acknowledging a mildly brighter economic outlook while refraining from any suggestion that further easing is now off the table.
The trustee managing MF Global Holdings Ltd's assets in bankruptcy told a lawmaker he has made no decision on whether to seek bonuses for the top executives of the collapsed commodities firm.
The Bank of Japan is expected to refrain from easing monetary policy further on Tuesday, while stressing its readiness to act again in coming months if needed and extending a cheap loan line supporting growth industries.
