Wall St edges higher as Greece draws up bailout terms
U.S. stocks traded edged higher on Tuesday as investors awaited the outcome of discussions on a bailout package for Greece that would help the country avoid a chaotic default.
Global watchdog official says banking reforms must proceed
The underperforming global economy should not be allowed to delay financial system reforms, a senior official at the Financial Stability Board , a global watchdog set up by the Group of 20 nations, said on Tuesday, adding that the FSB will propose new rules on so-called shadow banking by year-end.
Prove critics wrong under-fire RBS boss tells staff
The boss of majority state-owned Royal Bank of Scotland urged his staff to prove the critics wrong and continue a clean-up that has cost 38 billion pounds ($60 billion) in the past three years.
CalSTRS invests $500 million in infrastructure
The California State Teachers' Retirement System, the second-largest public pension fund, has made what it called one of the largest single U.S. fund management commitments to infrastructure, investing up to $500 million.
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Wall St to open lower with Greece in focus
Stocks were poised for a lower open on Tuesday, indicating equities may fall for a second consecutive session, as talks to secure a new bailout for Greece and avoid an unruly default had yet to produce definitive results.
German industrial output sees biggest fall since 2009
German industrial output posted its biggest fall in December since the depth of the financial crisis at the start of 2009, the Economy Ministry said on Tuesday, underperforming forecasts by a wide margin.
Greek leaders face crunch talks as unions strike
Greek party leaders face crunch talks on Tuesday to secure a new international bailout and avoid a chaotic debt default, caught between EU demands that they accept painful reforms now and a national strike against more austerity.
Futures fall with eyes on Greece talks
Stock index futures fell on Tuesday, indicating equities may fall for a second straight session, as talks to secure a new bailout for Greece and avoid an unruly default had yet to bear fruit.
Futures lower with eyes on Greece
Stock index futures fell on Tuesday, indicating equities may fall for a second straight session, as talks to secure a new bailout for Greece and avoid an unruly default had yet to bear fruit.
Glencore-Xstrata deal meets shareholder
At least two top 10 shareholders in miner Xstrata said Tuesday they would vote against a takeover by commodities trader Glencore, threatening the creation of a powerhouse spanning mining, shareholders except Glencore, which is barred agriculture and trading.
Stock index futures signal dip in early trade
Stock index futures pointed to a dip at the open on Wall Street on Tuesday, with futures for the S&P 500 down 0.06 percent, Dow Jones futures down 0.05 percent and Nasdaq 100 futures down 0.05 percent at 5:30 a.m. ET.
Glencore to take over Xstrata for $41 billion
Commodities trader Glencore agreed on Tuesday to buy the remaining 66 percent of miner Xstrata for $41 billion in a record deal to create a powerhouse spanning mining, agriculture and trading.
Greek hopes prop up euro, results hit shares
The euro was underpinned by hopes a way would be found to push through a second bailout deal for Greece, though poor results from some top European firms on Tuesday rekindled unease about the region's debt crisis, sending shares lower.
Greek deal hopes lift euro, shares
The euro and European stock markets edged higher on Tuesday as traders grew hopeful a resolution could be found to enable a second bailout deal for Greece, although poor results for some top European firms rekindled fears about the impact of the crisis.
Bank of America’s Tower to be Sold at Open Outcry Auction
The Bank of America tower in Atlanta has taken the U.S. foreclosure crisis to new heights. The 55-storey tower, situated in Atlanta, is set to be sold at an open outcry auction Tuesday after landlord Bentley Forbes missed mortgage payments.
SEC to propose new rules for money-market funds: report
The Securities and Exchange Commission will unveil proposals aimed at stabilizing money-market funds in the event of another financial panic, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
Glencore to buy Xstrata in $90 billion deal
Commodities trader Glencore agreed an all-share takeover of mining group Xstrata worth $90 billion on Tuesday in the industry's largest ever deal, creating a powerhouse spanning mining, agriculture and trading.
Glencore, Xstrata agree to $90 billion merger
Glencore and Xstrata agreed an all-share merger worth $90 billion on Tuesday in the industry's largest ever deal, creating a commodities powerhouse spanning mining, agriculture and trading.
Glencore, Xstrata agree $90 billion merger
Glencore and Xstrata agreed an all-share merger worth $90 billion on Tuesday in the industry's largest ever deal, creating a commodities powerhouse spanning mining, agriculture and trading.
UBS predicts poor Q1 over euro zone woes
Swiss bank UBS warned on its first-quarter performance when posting quarterly profit at the bottom end of expectations after a loss at its investment bank, amid uncertainty around the euro zone, Europe's banking system, and U.S. deficit issues.
Stock gains turn hedge fund losers into winners
Last year's hedge fund losers may be turning into winners again.
BofA investor lawsuit wins class-action status
Investors suing Bank of America Corp won class-action status for their lawsuit accusing the bank of fraudulently misleading them about the 2008 takeover of Merrill Lynch & Co and the size of Merrill's losses and bonus payouts.
Mortgage deal faces setbacks, again
A multi-state mortgage settlement in the works for more than a year will likely be pushed back again as dissident U.S. states continue to press specific concerns and ignore a Monday deadline to decide whether they will sign it.
Exclusive: Facebook governance a concern for Calif pension fund
Facebook's corporate governance rules, which give shareholders little say in how the social networking website would be run as a public company, are raising the hackles of one of the largest U.S. investors, the California State Teachers' Retirement System.
MGM gets $500 mln loan to expand film, TV slate
Metro-Goldwyn Mayer said its lenders agreed to loan the studio $500 million to retire debt it took on when it emerged from bankruptcy about a year ago and to expand its film and TV production.
Cisco seen reporting solid second quarter
A year after network equipment maker Cisco Systems Inc unnerved investors with yet another weak quarterly outlook the company looks set to report a stable quarter buoyed in part by improving enterprise demand in the United States.
Housing plan helps nearly 1 million homeowners
Nearly 1 million U.S. homeowners have won permanent reductions on mortgage payments since the Obama administration launched its foreclosure prevention program in 2009, the U.S. Treasury said on Monday, only a fraction of the total it aimed to reach.
Verizon, Redbox plan Netflix challenge
Verizon Communications Inc and Coinstar's Redbox unit have formed a joint venture to sell video services aimed at competing against video rental giant Netflix Inc.
787 glitch may pressure Boeing production outlook
Boeing Co faces fresh questions over whether it can meet what was already viewed to be an overly ambitious production schedule for the 787 Dreamliner, after the aerospace company said it had found a problem with the jet's fuselage.
IMF's Blanchard sees very large Greek haircut
The IMF's chief economist, Olivier Blanchard, said on Monday it looks like the 'haircut' on Greek private debt will be very large as negotiations between bondholders and the government drag on to cut Greece's debt burden.
Analysis: Brent premium to U.S. oil set for another blowout?
Brent crude's premium to U.S. oil could be poised for another record run after jumping 50 percent over the past week, as an expected build in Midwest inventories again exerts pressure on the U.S. benchmark.
Skepticism grows around Medco/Express Scripts deal
Objections to Express Scripts' $29 billion plan to buy rival pharmacy benefits manager Medco Health Solutions are accumulating as U.S. antitrust regulators weigh whether they have enough evidence to stop the megamerger.
Humana forecast is below Street view; shares fall
Humana Inc forecast a profit for this year below Wall Street estimates, suggesting that investors may be overestimating how much it will earn from a burgeoning Medicare business, and its shares fell almost 6 percent.
New Yorker Cover is ‘Loading…,’ First Time Designed by Reader
The New Yorker, has used a reader-submitted design on the front cover. The blurry image of Eustace Tilley, the magazine's famous mascot, is topped with a loading sign snagged from a loading YouTube video.
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