Home prices in 20 major U.S. cities rose 1.0 percent in May, Case-Shiller announced Tuesday, as the sector benefited from the arrival of the warmer months -- historically a period when home sales rise. Still, the housing sector remains sluggish, and several more monthly rises will be necessary to conclude that a recovery is underway.
Ford Motor Co's quarterly profit beat Wall Street expectations, helped by higher prices and improved sales in North America.
Hershey Co reported higher-than-expected quarterly results and raised its full-year outlook, showing that consumers are willing to pay more to satisfy their sweet tooth even in a weak economy.
Lochte impressed within 1 minute, 44.44 seconds, and Phelps took the silver within 1:44.79. Biedermann took the bronze in 1:44.88. It was Lochte's first win over Phelps at a big international meet.
United Parcel Service Inc , the world's largest package delivery company, reported higher second-quarter profit and reaffirmed its 2011 outlook despite a sputtering economic rebound.
Stock index futures edged higher on Tuesday after earnings from blue chips like Ford extended optimism about a strong earnings season but the debt ceiling stalemate kept investors nervous.
A recent government study published in the Annals of Family Medicine shows that those who drink hot tea or coffee are about twice as likely as non-drinkers to ward off methicillin-resistant Staphylococcus aureus, or MRSA, in their nostrils.
The United States edged closer on Tuesday to a devastating default as Republicans and Democrats were deadlocked over competing plans to raise the debt ceiling, one week before a deadline to act.
Stock index futures edged higher on Tuesday after earnings from blue chips like Ford extended optimism about a strong earnings season but the debt ceiling stalemate kept investors nervous.
The debt talks enter a critical stage Tuesday, and there's little time left to waste on rhetoric. The two parties have less than eight days to devise a plan to cut the deficit and raise the debt ceiling. U.S. and global stock and bond markets have remained calm and patient, but that may change soon, if the markets don't see progress in D.C.
Stock index futures were slightly higher on Tuesday after earnings from blue chip companies like Ford extended optimism about a strong earnings season but the debt ceiling stalemate kept investors nervous.
Ford Motor Co's quarterly profit beat Wall Street expectations helped by higher prices and improved sales in North America.
Wal-Mart is moving its streaming video service Vudu to its main Web site, in a move to challenge Netflix.
The United States edged closer on Tuesday to a devastating default as Republicans and Democrats were deadlocked over competing plans to raise the debt ceiling, one week before a deadline to act.
Chinese smelters expect supplies of copper concentrate to rise as early as late 2012, paving the way for higher charges, as neighbouring Mongolia's Oyu Tolgoi copper and gold mine starts to come onstream, industry sources said on Tuesday.
Jefferies & Co. said Netflix Inc.'s (NASDAQ: NFLX) second quarter results missed revenue and subscribers addition estimates on higher churn, while third quarter guidance was below consensus.
President Barack Obama's Monday night address to the nation voiced the gravity of situation and the urgency to reach a "fair compromise" on the ongoing debt talk. "Defaulting on our obligations is a reckless and irresponsible outcome to this debate. ... We would risk sparking a deep economic crisis - one caused almost entirely by Washington," Obama said.
Credit Suisse will likely announce cost savings measures including a cut of 1,500-2,000 jobs, a Swiss paper reported on Tuesday, without naming any sources.
A measure of business activity improved in June as companies borrowed more to replace equipment, a lender group said on Tuesday.
Asian shares edged higher on Tuesday, rebounding from Monday's fall, but the dollar slid to a record low against the Swiss franc after a speech by U.S. President Barack Obama gave no sign a deadlock in Washington over raising the debt limit was easing.
Social games maker Zynga is partnering with Tencent Holdings Ltd, the Chinese Internet company, to launch its first game in mainland China as it tries to find new users by tapping into the $5.8 billion Chinese games market.
Strong U.S. sales for Chrysler and growth in Brazil will help offset a weak European market for Fiat SpA, combined financial results are set to show on Tuesday as the two car makers move closer toward a full merger.
