David Kotz, the tough internal watchdog at the Securities and Exchange Commission, is leaving the agency at the end of January to join a private investigative service.
Stocks advanced on Tuesday, pushing the S&P 500 to its highest since early August, but sharply pared gains late in the session as Citigroup's steep drop in profit gave investors a reason to unload bank shares.
TD Ameritrade Holding Corp posted a 5 percent increase in quarterly profits on Tuesday as higher fees from deposit accounts and investment products helped offset a drop in trading levels toward the end of the period as investors withdrew from the choppy markets.
The European debt crisis interrupted the plans of Citigroup Inc Chief Executive Vikram Pandit to rebuild the bank, which reported an 11 percent drop in quarterly profit and disappointed Wall Street amid lackluster investment banking and trading business.
- Cree Inc, a maker of LED lighting, reported a lower-than-expected quarterly profit and also gave a forecast for the current period that fell short of analysts' estimates, sending its shares down more than 5 percent.
DETROIT -- Three years ago at the North American International Auto Show, Nissan North America vice president Al Castignetti watched as most companies dismissed perhaps Nissan's biggest risk -- its electric concept vehicle, the Nissan Leaf.
Hedge funds holding Greek bonds that mature in March may have the strongest hand in the critical negotiations to restructure the cash-strapped country's debt.
Stocks sold off late in the session to end with modest gains on Tuesday as Citigroup's steep drop in profit gave investors a reason to unload bank shares.
Symantec Corp said a 2006 breach led to the theft of the source code to its flagship Norton security software, reversing its previous position that it had not been hacked.
David Kotz, the inspector general at the Securities and Exchange Commission who has a reputation as a tough watchdog, is leaving the agency at the end of January, the SEC said on Tuesday.
He was born out of wedlock, stained his reputation with an extra-marital affair and was mortally wounded in a duel.
Unnamed police sources say the department has found little to back up family claims that Staten Island teen Amanda Cummings committed suicide due to bullying, reports The New York Post. There has been no official announcement, however.
Shares of Research In Motion jumped more than 10 percent on Tuesday after a tech blog said the BlackBerry maker was actively seeking to sell itself to South Korean smartphone rival Samsung Electronics.
Shares of Research In Motion jumped more than 8 percent on Tuesday after a tech blog said the BlackBerry maker was actively seeking to sell itself to South Korean smartphone rival Samsung Electronics.
Shares of Research In Motion jumped more than 8 percent on Tuesday after a tech blog said the BlackBerry maker was actively seeking to sell itself to South Korean smartphone rival Samsung Electronics.
Bank regulators on Tuesday voted to release a proposal for how banks with more than $10 billion in assets should conduct stress tests annually to determine whether they can withstand a financial shock.
The shares and options of Sears Holdings Corp rose on Tuesday on speculation the operator of Sears department stores and the Kmart discount chain could go private.
Wells Fargo & Co on Tuesday beat Wall Street estimates with a 20 percent increase in fourth-quarter profit, boosted by continued loan growth and improving credit quality.
Symantec Corp, the world's biggest maker of antivirus software, said that hackers breached its networks in 2006, stealing source code to its flagship security programs and three other products.
U.S. stocks gained on Tuesday as brighter sentiment about China's growth prospects overshadowed Europe's recent credit downgrades and a mixed bag of big bank earnings.
Russian internet company Mail.ru has launched its answer to U.S. microblogging site Twitter, seeking to expand its business into social instant messaging and emulate the success of China's Weibo.
Spain took in its stride the first test of investor appetite for its debt since a two-notch credit ratings downgrade, selling short-term paper ahead of a far trickier hurdle later this week, when it tries to place longer-dated bonds.
Political resistance is clashing with financial imperatives as the euro zone tries to strengthen its capacity to rescue debt-stricken member states after Europe's temporary bailout fund lost its top-notch credit rating.
Citigroup Inc's fourth-quarter profit fell 11 percent and missed Wall Street estimates as the European debt crisis battered capital markets, hurting trading revenue and discouraging clients from doing deals.
Stocks rose on Tuesday as improved sentiment about growth prospects in China overshadowed recent credit downgrades in Europe and a mixed bag of big bank earnings.
Stocks rose on Tuesday as improved sentiment about growth prospects in China overshadowed recent credit downgrades in Europe and a mixed bag of big bank earnings.
The Justice Department has stepped up its investigation of Standard & Poor's mortgage bond ratings during the financial crisis, the Wall Street Journal reported on Tuesday.
Wells Fargo & Co beat Wall Street estimates with a 20 percent increase in fourth-quarter profit, boosted by improving credit quality and continued loan growth.
A gauge of manufacturing in New York State showed growth picked up in January, rising to the highest level in nine months as new orders and employment improved, the New York Federal Reserve said in a report on Tuesday.
Citigroup Inc reported lower fourth-quarter profit while Wells Fargo & Co. said profit rose. Both big banks said their quarters were helped by declining bad loan costs.
