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BoA-ML, TerraPass in California CO2 Offset Deal

Bank of America Merrill Lynch has joined forces with U.S.-based carbon portfolio manager TerraPass Inc in a bid to enter the nascent Californian emissions market, the bank said on Tuesday.

Mortgage bankers grapple with consumer outrage

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U.S. mortgage bankers attending an industry conference in Chicago this week received something they did not originally bargain for -- a heavy dose of the consumer anger against the financial system that has boiled into protest rallies across the country.
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Wall Street holds steady, ready for earnings

U.S. stocks took a breather on Tuesday after the best five days for the S&P 500 in more than two years as investors look to earnings for a reason to extend the market's rebound.
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Alcoa Q3 profit up, but sees slower growth

Alcoa Inc , the largest U.S. aluminum producer, said third-quarter profit jumped from a year ago, but earnings and revenue slipped from the second quarter as economic growth slowed from the first half of this year.
David Stern

NBA Lockout: Don't Expect Fans to Wait Around

NBA commissioner David Stern announced the canceling of the first two weeks of the season on Monday night and by doing so took another big step toward eliminating the entire basketball season.
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SecurID maker says single nation behind data breach

Two groups acting on behalf of a single nation state were behind a March attack on RSA, the maker of SecurID keys used by tens of millions of employees worldwide to access their corporate computer networks, Chief Executive Art Coviello said on Tuesday.
People wait to vote during the presidential election at a polling station in Liberia

Voting smooth as Liberians choose president

Liberians queued peacefully in the rain on Tuesday for the West African state's second presidential election since its civil war, with incumbent Ellen Johnson-Sirleaf bidding for a second term.
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Hedge fund assets back above 2006 levels - data

Global hedge fund assets rose 6.7 percent to $2.16 trillion in the first half of the year as investors backed the bigger, established managers to steer them through volatile markets, data showed on Tuesday.
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Regulators releases Volcker rule limits on Wall St. bets

Regulators on Tuesday released for public comment the Volcker rule proposal that will restrict Wall Street's ability to trade for its own profit, setting off what is expected to be a fierce lobbying campaign to weaken the crackdown.
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U.S. Stocks Mixed, Alcoa up Ahead of Earnings

U.S. stocks are mixed on Tuesday as investors eye Slovakia's vote on the EFSF expansion and Alcoa's (NYSE:AA) earnings report. Investors seem upbeat as Alcoa shares have surged 2.78 percent in afternoon trading.

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