U.S. housing starts and permits rebounded in February from record lows, rising for the first time in 10 months, according to data on Tuesday that gave a glimmer of hope for the recession-hit economy.
Stocks surged on Tuesday as an unexpected leap in housing starts pushed Home Depot and other retailers higher while bullish comments from a broker on Cisco Systems helped technology shares rebound.
Outraged U.S. lawmakers proposed a special surtax on Tuesday on millions of dollars in executive bonuses at bailed-out insurer American International Group Inc amid howls of protest over the payouts.
Media company Discovery Communications Inc has sued Amazon.com, accusing the online retailer's Kindle of infringing its patent on electronic book technology.
Media company Discovery Communications Inc has sued Amazon.com, accusing the online retailer's Kindle of infringing its patent on electronic book technology.
Oil rose nearly $2 a barrel on Tuesday as better-than-expected U.S. housing data helped lift markets.
Oil rose over $2 a barrel on Tuesday as equity markets continued to move higher after U.S. housing starts rebounded unexpectedly in February.
The U.N. narcotics watchdog on Tuesday issued guidelines on how to crack down on Internet drug peddling at the request of governments struggling to contain growing abuse of prescription drugs.
Stocks jumped on Tuesday as an unexpected surge in February housing starts gave investors a rare bit of good economic news, and an upbeat broker comment on bellwether Cisco Systems drove technology shares sharply higher.
With General Electric Co having gone through a very volatile year so far, and shares at $10, the question of whether to buy or sell hinges on two factors.
Japan's drugmakers will sit out a wave of consolidation sweeping through the industry, focusing instead on integrating past acquisitions and smaller, bolt-on deals.
U.S. stocks jumped on Tuesday as an unexpected surge in February housing starts gave investors a rare bit of good economic news, and an upbeat broker comment on bellwether Cisco Systems drove technology shares sharply higher.
Thornburg Mortgage Inc , a large and troubled provider of jumbo mortgage loans, on Tuesday said it may file for Chapter 11 bankruptcy protection.
U.S. stocks extended earlier gains in choppy trade on Tuesday, pushing the Dow and the S&P 500 up 1 percent as upbeat broker comments on technology bellwether Cisco Systems and retailers like Home Depot offset news of a dividend cut at Alcoa Inc .
New U.S. housing starts and permits unexpectedly rebounded in February, according to data on Tuesday that provided a rare dose of good news for the recession-hit economy and fractured housing market.
Outrage over bonuses to employees of taxpayer-rescued American International Group dominated a Senate Banking Committee hearing on Tuesday where other insurers were renewing a call for creation of a federal regulator.
Oil rose above $48 a barrel on Tuesday, testing the top end of a trading range it has held so far this month, ahead of United States inventory data expected to show a build in crude oil stocks.
Bankrupt Lehman Brothers Holdings Inc is auctioning a thrift and an industrial bank it owns, and the process is in the early stages, a source familiar with the matter said on Monday.
A prominent U.S. senator has intimated that executives of the troubled insurer American International Group Inc might consider suicide, adopting what he called a Japanese approach to taking responsibility for their actions.
New U.S. housing starts and permits unexpectedly rebounded in February, according to data on Tuesday that provided a rare dose of good news for the recession-hit economy and fractured housing market.
Stocks were set to open flat to slightly higher on Tuesday, with sentiment underpinned by data showing a surprise jump in U.S. housing starts and by hopes that banks may be seeing some stabilization.
Oil slid below $47 a barrel on Tuesday, although staying within the trading range it has held so far this month, ahead of United States inventory data expected to show a build in crude oil stocks.
