Oil prices fell on Tuesday as doubts resurfaced over the pace of economic recovery after data showed another drop in U.S. wholesale business inventories and the U.S. government revised lower its forecast for global oil demand.
White House economic adviser Larry Summers said on Tuesday the foundations for a return to growth had been laid and there were many signs economic life was getting back to normal.
Stocks fell on Tuesday after a prominent banking analyst warned the sector's fundamentals have yet to improve, and an unexpectedly large drop in wholesale inventories raised worries about an economic recovery.
Obama Attacks Health Firms; Madoff's Accomplice?; VMware's Big Grab
White House advisers said on Tuesday that a foundation for U.S. economic recovery was being laid, but it will be a slow process.
The U.S. economy has hit bottom and the current quarter will see positive growth due to the government's stimulus spending, billionaire financier George Soros said on Tuesday.
Visa Inc and MasterCard Inc, the world's largest credit card networks, are counting on foreign markets for the growth that recession-bound U.S. consumers have been unable to provide.
U.S. output per worker rose at its fastest pace in six years during the second quarter as businesses wrung more from shrinking staff in a sign that recovery from recession will be slow and unlikely to create a surge in hiring.
Stocks slid on Tuesday after a prominent banking analyst warned that the sector's fundamentals have not yet improved, sparking a sell-off in bank shares.
Twilight actress Ashley Greene's scandal pictures and photos are said to have been spreading all over the internet like wildfire.
Bernard Madoff's long-time right-hand man, Frank DiPascali, should be released on $2.5 million bond and his travel restricted following an expected guilty plea to criminal charges later on Tuesday, according to a proposal by U.S. prosecutors and his lawyer.
President Barack Obama will seek to counter an onslaught of conservative opposition to his efforts to overhaul the U.S. healthcare system by taking his message to a town hall meeting with the public on Tuesday at a New Hampshire high school.
Oil prices fell 2 percent on Tuesday as doubts resurfaced over the pace of economic recovery after U.S. data showed another drop in wholesale business inventories.
U.S. stocks slid more than 1 percent on Tuesday after an unexpectedly large drop in inventories at wholesalers raised doubts about an economic recovery and bank shares skidded after a prominent analyst warned that fundamentals for the industry have not improved.
An experimental drug developed by scientists in China appears to be effective in killing roundworms, a parasite that lurks in the intestines and which affects nearly two billion people in tropical countries.
Cancer survivors who got radiation treatments as children have nearly twice the risk of developing diabetes as adults, U.S. researchers said on Monday.
Liberal religious groups announced on Monday they are teaming up with President Barack Obama in a national campaign to counter the surprisingly vehement
U.S. banks, which have cut thousands of jobs during the two-year-old financial crisis, are suddenly racing to fill empty seats to make the most of soaring stock markets and narrowing credit spreads.
Indian Sterlite Industries, a subsidiary of London-listed Vedanta Resources, on Tuesday confirmed an improved offer for the operating assets of bankrupt U.S. copper miner Asarco LLC.
Exchange watchdogs made dozens of referrals to U.S. securities regulators about the once prominent hedge fund Pequot Capital Management, the chairman of the Securities and Exchange Commission said in a letter revealed on Monday.
Oil prices fell by more than $1 below $70 a barrel on Tuesday, giving up earlier gains as doubts resurfaced over the pace of economic recovery and any rise in fuel demand.
Cuts=Productivity; Clinching a Big Insurer Deal, 230 miles per gallon
