Stocks rose modestly on Tuesday as U.S. consumer confidence data and a sharp drop in oil futures prices relieved worries about lackluster spending.
It's time for defense, says Bill Gross, manager of the world's largest bond fund.
The Dutch parliament, which has been heavily critical of euro zone bailouts, gave grudging backing to Greece's second rescue package on Tuesday saying it was needed to stabilize the currency bloc.
Mobile World Congress 2012 went into its second day without the Samsung Galaxy S3 or iPhone 5, but there were many other hot new gadgets you won't want to miss. Much of the focus is on smartphones, and rightly so as consumers continue to dump their feature phones en masse, but there were just as many tablets released as company brace for the iPad 3 drop March 7. Sony showed off its Tablet P and let it be known the unique dual-screen folding tablet is coming to AT&T March 4 for $400 on contrac...
Tenet Healthcare Inc on Tuesday said delayed reimbursements from some insurers caused it to report quarterly earnings below analyst estimates but the No. 3 U.S. hospital chain raised its full-year outlook because it expects to be paid later in the year.
U.S. stocks gained on Tuesday as strong U.S. consumer confidence data outweighed initial disappointment caused by a disappointing report on durable goods orders.
Spain must explain soon to the European Commission why its 2011 budget deficit was substantially higher than expected and deliver clear future budget plans, the Commission said on Tuesday.
JPMorgan Chase & Co is using size to its advantage, leveraging the various components of its business to help increase annual earnings more than 25 percent over time, Chief Financial Officer Doug Braunstein said on Tuesday.
Tenet Healthcare Inc , the No. 3 U.S. hospital chain, posted a quarterly net loss on Tuesday as it restructured debt to reduce interest expense but raised its earnings forecast for 2012.
Consumer confidence scaled a one-year high in February as optimism about the labor market offset concerns over rising gasoline prices, an independent survey showed on Tuesday.
JPMorgan Chase & Co is using size to its advantage, leveraging the various components of its business to help increase annual earnings more than 25 percent over time, Chief Financial Officer Doug Braunstein said on Tuesday.
Picasso's Guernica painting turns 75 years old this year, and in order to have it restored, Madrid's Reina Sofia museum has designed a robot capable of scanning the entire painting for signs of wear and places where restoration is needed the most. The museum teamed up with Spanish telecommunication company Telefonica to build Pablito, as it's now called, and the robot goes to work every night taking thousands of high-resolution pictures of the famous black and white anti-war painting.
Tenet Healthcare Inc , the No. 3 U.S. hospital chain, posted a quarterly net loss on Tuesday as it restructured debt to reduce interest expense, but raised its earnings forecast for 2012.
The Federal Housing Administration faces considerable risks to its finances and the Obama administration will continue to scale back the agency's presence in the mortgage market, the top U.S. housing official said on Tuesday.
New orders for long-lasting manufactured goods fell in January by the most in three years as demand slumped across the board, suggesting the economy started the year on weaker footing than expected.
Standard & Poor's on Monday cut Greece's long-term ratings to 'selective default', the second ratings agency to proceed with a widely expected downgrade after the country announced a bond swap plan to lighten its debt burden.
Stocks rose on Tuesday on strong U.S. consumer confidence data, but gains were capped after a report showed a drop in durable goods orders.
New orders for U.S. manufactured goods fell in January by the most in three years as demand fell across the board from machinery to aircraft, suggesting the economy started the year on weaker footing than expected.
Boeing Co was set to make a first delivery of the passenger version of its upgraded 747, its largest and most recognizable commercial airplane, to an unnamed VIP customer on Tuesday, capping a development delay of more than a year.
Consumer confidence scaled a one-year high in February as optimism about the labor market offset concerns over rising gasoline prices, an independent survey showed on Tuesday.
The U.S. banking industry continues to recover from the economic downturn and the 2007-2009 financial crisis, with profits rising over the past year, but the improvement can only continue if lending picks up, the Federal Deposit Insurance Corp said.
Rick Santorum offered a unique theory to what caused the recession: rising gas prices.
Greece's central bank is likely to step in to smooth funding for the country's banks after an earlier-than-expected downgrade of the nation's credit rating prevented them from borrowing against Greek government bonds.
New orders for long-lasting U.S. manufactured goods fell in January by the most in three years as demand slumped across the board, suggesting the economy started the year on weaker footing than expected.
Single-family home prices ended 2011 on a downbeat note as a drop in December prices sent the seasonally-adjusted index to its lowest level since 2003, according to a closely watched survey on Tuesday.
Stocks were set to open little changed on Tuesday after a report showing a sharp drop in durable goods orders cut into upbeat sentiment a day after the S&P 500 closed at its highest since June 2008.
New orders for long-lasting manufactured goods fell in January by the most in three years as demand slumped across the board, suggesting the economy started the year on weaker footing than expected.
Barclays Plc said any retrospective change to UK tax laws would not have a material impact on its profits and said it alerted the UK government to a tax efficient scheme it used, sparking a government clampdown on the tax schemes.
Chancellor Angela Merkel's room for maneuver on future euro zone bailouts, in doubt after a revolt by coalition lawmakers, shrank further on Tuesday when Germany's top court raised a hurdle to swift action in financial rescues.
Standard & Poor's downgrading of Greece's long-term ratings to 'selective default' could well be short but there is a risk Athens falls back into default later, S&P analyst Moritz Kraemer said on Tuesday.
