Despite unwavering support from the mayor, Police Commissioner Ray Kelly and NYPD spokesman Paul Browne still remain in hot waters after recent controversies.
Stocks fell on Tuesday as optimism over a possible deal by Greece in its debt wrangling dissipated after a batch of weaker-than-expected economic reports.
Single-family home prices fell more than expected in November, highlighting a sector that continues to struggle to make a meaningful recovery, a closely watched survey showed on Tuesday.
Prices of Mattel Inc toys like Barbie dolls and Hot Wheels cars have gone up as the company tries to compensate for increasing costs for materials like resin and rising wages in China.
Ukrainian police on Tuesday shut down the former Soviet republic's most popular file sharing website, Ex.ua, accusing its owners of illegally distributing copyright-protected software, music and videos.
Investors have begun 2012 in a cautious mood, with U.S. and Japanese asset managers worried about the euro zone debt crisis cutting exposure to stocks and boosting bonds, while European accounts added risky assets, Reuters polls show.
The euro zone creaked under the weight of record unemployment at the end of 2011 while jobless rates in Germany fell to historic lows, putting the onus firmly on Europe's top economy to take the lead in steering the struggling region back to recovery.
CIT Group Inc , the business lender led by former Merrill Lynch Chief Executive John Thain, said fourth-quarter net income fell 59 percent, but a decline in problem loans and borrowing costs helped it beat analysts' expectations.
The U.S. Pension Benefit Guaranty Corp, which has responsibility for insuring certain benefits under private defined benefit pension plans, said on Tuesday it believes American Airlines will seek to terminate employee pensions in bankruptcy.
Bank of America Corp is shaking up the leadership of its investment bank as it looks to find its footing in a difficult market environment.
Chancellor Angela Merkel cemented her political ascendancy in Europe Monday when 25 out of 27 EU states agreed to a German-inspired pact for stricter budget discipline, even as they struggled to rekindle growth from the ashes of austerity.
Home prices fell more steeply than expected in November, and consumer confidence soured in January, highlighting the hurdles still facing the economic recovery.
Stocks gave up early gains to turn flat on Tuesday, weighed down by mixed corporate earnings and weaker-than-expected data on Midwest business activity and consumer confidence.
CIT Group Inc will again stop providing loans to suppliers of Sears Holdings Corp after Tuesday as the business lender awaits more information on the retailer's financial health, two retail sources told Reuters on Monday.
Consumer confidence unexpectedly fell in January as more Americans worried about the country's weak job market, according to a private sector report released on Tuesday.
Stocks opened higher on Tuesday on signs of progress in dealing with Europe's long-running sovereign debt crisis.
Euro zone unemployment has risen to its highest level since before the euro was introduced, data showed on Tuesday, a day after EU leaders promised to focus on creating millions of new jobs to try to kickstart Europe's floundering economy.
United Parcel Service posted a better-than-expected quarterly profit on Tuesday and forecast 9 percent to 15 percent growth this year as solid U.S. demand and growing e-commerce activity offsets an uneven global economy.
Single-family home prices fell more than expected in November, highlighting the struggle for a sector yet to make a meaningful recovery, a closely watched survey showed on Tuesday.
A World Trade Organisation ruling against China's restrictions on raw material exports could force changes to some of its rare earth policies but is unlikely to yield the boost in exports of the metals that consumers want to see.
Stock index futures pointed to a higher open on Tuesday, with sentiment improving on signs of progress in dealing with Europe's long-running sovereign debt crisis.
United Parcel Service said on Tuesday it expects profit to rise 9 percent to 15 percent this year, as solid U.S. demand and growing e-commerce activity offsets an uneven global economy.
"I've drunk the company Kool-Aid to some extent."
CIT Group Inc , the business lender led by former Merrill Lynch Chief Executive John Thain, said its quarterly profit fell 59 percent on lower interest income.
Stock index futures rose on Tuesday, with sentiment improving on signs of progress in dealing with Europe's long-running sovereign debt crisis.
Stock index futures rose on Tuesday, with sentiment improving on signs of progress in dealing with Europe's long-running sovereign debt crisis.
Stock index futures pointed to a higher open on Wall Street on Tuesday, with futures for the S&P 500, the Dow Jones and Nasdaq 100 indexes up 0.5-0.6 percent.
Twitter Chief Executive Dick Costolo said the company's recently announced online content policy was meant to be a transparent way to handle government requests for the removal of certain content and did not mean it is actively monitoring Tweets, the Wall Street Journal reported.
The euro rose and world shares recovered on Tuesday on hopes of a deal this week to free up the next tranche of aid for Greece, though concerns about Portugal following a similar path capped gains and fresh data on the region's economic outlook weighed on sentiment.
German retail sales fell unexpectedly in December, suggesting Europe's debt crisis unsettled consumers during key Christmas trade, although economists said they expected the preliminary data to be revised upwards.
