BUSINESS

When Mariya Kruseck broke her tailbone snowboarding and lost her part-time job five years ago, the then 19-year-old college student was relieved she had bought payment protection to go with her credit card.

Bank of America Corp learned a lesson from its abandoned debit card fee and will work to provide transparency and fair pricing to customers while producing a return for shareholders, Chief Executive Brian Moynihan said on Tuesday.

The regulator for Fannie Mae and Freddie Mac on Tuesday tried to parry congressional critics of million-dollar pay packages for executives at the government-owned mortgage firms, saying he would seek to push compensation lower over time.

Stocks rose in a choppy market on Tuesday, led by gains in technology shares that offset worries the euro zone's debt troubles will spread.

Goldman Sachs Group Inc Chief Executive Officer Lloyd Blankfein said it is too early to say that Wall Street business is down because the industry has fundamentally changed.

In March 2010, Elliott Vanskike and his wife bought a 2,000 square-foot home in Madison, Wisconsin for $375,000, pondering the quality of life for their kids as well as the quirks that come with thousands of college kids literally on your doorstep.

A fire broke out and was quickly extinguished Monday night in a crude distillation unit at Chevron Corp's 245,271 barrel-per-day (bpd) Richmond, California, refinery, according to notices the refinery filed with state and federal pollution regulators.

Retailers have grappled with rising commodity costs, thinning margins and jittery consumer confidence all year. Now they're set for the ultimate test: The make-or-break holiday shopping season, which accounts for 20-to-30 percent of all retail sales.

The euro zone economy grew just 0.2 percent in the third quarter as solid growth in Germany and France was dampened by countries at the sharp end of the debt crisis and economists expect a slide into recession by early next year.

U.S. stocks fell on Tuesday as rising Italian bond yields kept alive worries that the euro zone's debt troubles will spread.

U.S. regulators are closer to discovering what happened to an estimated $600 million in missing customer money tied to bankrupt brokerage MF Global, but the search continues, an official said on Tuesday.

A small group of protesters have been gathering near the former site of St. Vincent's Hospital for the past eight days to demand Rudin Management, the developer of the site, bring back full-service to the hospital.

The debt crisis sweeping southern Europe and lapping France is cause for alarm in Washington and Beijing, but not it seems for the rank and file of German Chancellor Angela Merkel's party.

Credit Suisse Group AG will fully integrate private bank Clariden Leu into its organization, ending the 250 year-old Leu brand and cutting jobs to achieve 200 million Swiss francs ($220 million) in annual cost savings.

Retail sales rose more than expected in October as strong receipts from motor vehicle and building material dealers offset the drag from service stations, suggesting the economy started the fourth quarter with some vigor.

Paul Achleitner's move to Deutsche Bank AG's supervisory board installs a dealmaker with deep connections to the German establishment and defuses a potential conflict with shareholders as well as future co-chiefs Anshu Jain and Juergen Fitschen.

Retail sales rose more than expected in October as strong receipts from motor vehicle and building material dealers offset the drag from service stations, suggesting the economy started the fourth quarter with some vigor.

A gauge of manufacturing in New York state rose in November, ending five straight months of contraction, while the outlook for coming months strengthened, the New York Federal Reserve said in a report on Tuesday.

Retail sales rose broadly in October and a gauge of New York state manufacturing showed growth this month for the first time since May, suggesting the economy started the fourth quarter with vigor.

Wall Street stocks rose slightly on Tuesday but lingering risk aversion tied to Europe's debt crisis sent Italy's bond yields back into a perceived danger zone, capping gains.

Wall Street was set to fall on Tuesday, led by banks and resource-related stocks, as risk aversion tied to Europe's debt crisis sent Italy's bond yields back into a perceived danger zone.

The euro zone economy grew just 0.2 percent in the third quarter as Germany and France posted solid growth but countries at the sharp end of the debt crisis fared much worse, and analysts expect bleaker times ahead across the 17-country currency bloc.

Greece and private bondholders will begin thrashing out a deal on Thursday to halve its public debt, a key pillar of a bailout plan to save the country from bankruptcy and ejection from the euro zone, sources said on Tuesday.

The 17-nation euro zone economy grew a modest 0.2 percent in the third quarter from the second, the EU said on Tuesday, lifted by France and Germany, but economists say the bloc is almost certainly heading for a recession.

U.S. stock index futures fell on Tuesday, extending a drop in global equities, as doubts about the ability of Europe to tackle its debt crisis sent Italy's bond yields back into a perceived danger zone.

U.S. stock index futures fell on Tuesday, extending a drop in global equities, as doubts about the ability of Europe to tackle its debt crisis sent Italy's bond yields back into a perceived danger zone.

China's biggest commercial banks face systemic risks if a combination of credit, property, currency and yield curve shocks that could be withstood in isolation were to occur together, the International Monetary Fund warned on Tuesday.

Stock index futures pointed to a weaker open for equities on Wall Street on Tuesday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 down 0.3 to 0.7 percent.

European shares and the euro fell on Tuesday as investors renewed selling of Italian and Spanish bonds, while a sharp rise in French yields pointed to a growing risk that the two-year debt crisis may spread to one of the region's big two economies.