A U.S. corporate directors' group on Tuesday recommended a slate of new governance principles for company boards, including better communication with investors on executive pay and improved oversight of business risks.
Oil rose slightly on Tuesday after U.S. stock markets bounced off their lows amid lingering optimism that the government's plan to unburden banks of soured assets could help shore up the ailing economy.
After sustaining record losses in 2008, U.S. pension funds are unlikely to return to the high level of stock market allocations favored before the global financial crisis and will probably favor greater bond allocations, the author of a study said on Tuesday.
After sustaining record losses in 2008, U.S. pension funds are unlikely to return to the high level of stock market allocations favored before the global financial crisis and will probably favor greater bond allocations, the author of a study said on Tuesday.
U.S. Stifel Financial Corp will acquire up to 55 branches of UBS Wealth Management Americas to expand across the United States in a deal that will boost the investment bank's profit in the first year.
The Insurance Institute of Highway Safety said on Tuesday that four of 12 small SUVs it tested received its top rating for their ability to withstand roof damage in rollover accidents that often prove deadly.
Small-town Texan realtor Rick Cumins is going to see a paycheck in April -- his first since December.
Oil fell nearly $1 to below $53 a barrel Tuesday on expectations U.S. inventory data would show an increase in crude stockpiles and as the greenback made gains against other currencies.
Oil fell nearly $1 to below $53 a barrel Tuesday on expectations U.S. inventory data would show an increase in crude stockpiles and as the greenback made gains against other currencies.
Abusive credit card practices were criticized on Tuesday by a U.S. senator who has introduced legislation prohibiting lenders from making claims on consumers in bankruptcy if interest rates are excessive.
Private equity funds will likely not be big players in a partnership with the U.S. government to buy toxic bank assets, but the approach offers other investors a good opportunity to make money, a top private equity investor said on Tuesday.
U.S. President Barack Obama called for bold, comprehensive and coordinated action to end a global economic downturn on Tuesday as he prepared for an evening news conference to explain his recovery strategy to a recession-weary public.
Thirty-five nations vote on Thursday for a new International Atomic Energy Agency chief at a time of mounting challenges to the nuclear non-proliferation regime, but it was unclear if a winner would emerge.
(Corrects reference to securities laws in paragraph 6)
Stocks fell on Tuesday, with financial shares giving up some of the previous day's surge as investors assessed government plans to shore up the economy and resource shares fell alongside commodity prices.
Oil fell below $53 on Tuesday, giving away some of the previous sessions gains, pressured by a stronger U.S. dollar and losses on European and U.S. stock markets.
The U.S. economy should start growing by the end of this year and unemployment, expected to peak at around 9 percent, will begin to decline in 2010, Chicago Fed President Charles Evans said on Tuesday.
The following are prepared remarks by Federal Reserve Chairman Ben Bernanke, who was set to testify in Washington today about the Fed’s involvement in the bailout of insurance giant American International Group Inc.
The top three U.S. exchanges want regulators to adopt a modified uptick rule and a circuit breaker to curb abusive short selling, a trading strategy that profits from declining stocks.
U.S. Treasury Secretary Timothy Geithner on Tuesday joined the Federal Reserve in calling for authority to wind down failing non-bank financial firms that threaten the financial system.
Goldman Sachs Group Inc hopes to pay back the $10 billion it took from the U.S. government's $700 billion Troubled Asset Relief Program within a month, The New York Times said on Tuesday, citing people involved in the process.
Wall Street was poised for a lower open on Tuesday the day after markets surged, as investors assessed a raft of recent moves to shore up the struggling economy and soft oil prices weighed on energy shares.
