The Federal Bureau of Investigation is probing a computer hacking that targeted Citigroup Inc and resulted in the theft of tens of millions of dollars, The Wall Street Journal reported on Tuesday, but the financial institution denied its systems had been breached.
The number of mass layoffs actions by U.S. employers fell in November to the their lowest level in 16 months, government data showed on Tuesday, offering more evidence of labor market stability.
Stocks logged another 14-month high on Tuesday as a surge in existing home sales indicated more stabilization in housing and boosted optimism about the economic recovery.
Sales of previously owned U.S. homes jumped to the highest level in nearly three years last month, the latest sign the economic recovery was gaining steam after growing below expectations in the third quarter.
Stocks rose on Tuesday as a surge in existing home sales indicated more stabilization in housing and boosted optimism about the economic recovery.
Warren Buffett's Berkshire Hathaway Inc said on Tuesday Comcast Corp Chief Operating Officer Stephen Burke has been elected to its board of directors.
A consumer credit rule for creditors based in a law passed in 2003 will get its first required implementation in 2011
Stocks rose on Tuesday, briefly lifting the S&P 500 to a 14-month high, as a surge in existing home sales indicated more stabilization in housing, increasing optimism about the economic recovery and prospects for profits.
Dubai World is likely to press for more time to restructure its $22 billion debt so markets can recover, which will ease credit conditions and enable it to sell assets at higher prices, bankers and analysts said.
Microsoft Corp said on Tuesday it will tweak its Word application to remove a feature judged to be a breach of patent, ensuring that it will be able to continue selling one of its most widely used programs.
Only a few days ago, Yelp insiders seemed on the verge of taking home a $500 million holiday gift basket courtesy of Google, which was in talks to acquire the online publisher of local business reviews.
The chief financial officer of CIT Group Inc is retiring, adding another executive search for a board that is already looking for a chief executive officer.
The Federal Bureau of Investigation is investigating a computer security breach targeting Citibank in which a gang of Russian hackers stole tens of millions of dollars, the Wall Street Journal reported.
The U.S. Federal Bureau of Investigation is probing a computer hacking that targeted Citigroup Inc and resulted in the theft of tens of million of dollars, The Wall Street Journal said, citing U.S. government officials.
American International Group Inc has halted efforts to sell a stake in Chartis, as Chief Executive Robert Benmosche focuses on expanding the property and casualty unit, a person familiar with the situation said on Tuesday.
The chief financial officer of CIT Group Inc is retiring, adding another executive search for a board that is already looking for a chief executive officer.
President Barack Obama picked former Bush administration adviser Howard Schmidt to serve as national cybersecurity coordinator, the White House said on Tuesday.
Stocks added to gains on Tuesday after a bigger-than-expected jump in November existing home sales reassured investors the housing market was stabilizing.
Borrowing the dollar cheaply to fund purchases of higher-yielding assets was a no-brainer in 2009, thanks to the Federal Reserve's repeated assurances that U.S. interest rates would stay low for an extended period.
The economy grew at a much slower pace than previously thought in the third quarter, restrained by weak business investment and a slightly more aggressive liquidation of inventories, data showed on Tuesday.
The economy grew at a much slower pace than previously thought in the third quarter, restrained by weak business investment and a slightly more aggressive liquidation of inventories, data showed on Tuesday.
The economy grew at a much slower pace than previously thought in the third quarter, restrained by weak business investment and a slightly more aggressive liquidation of inventories, data showed on Tuesday.
Stock index futures eased from earlier highs but still pointed to a higher open on Tuesday after data showed the economy grew in the third quarter, but at a much slower pace than first thought.
The third government estimate of the U.S. Gross Domestic Product in the Third Quarter was lowered to an annual rate of 2.2 percent on Tuesday from an initial 3.5 percent growth estimate on October 29.
Stock index futures were higher on Tuesday, extending gains from the previous session, as investors awaited a final reading on third-quarter economic growth and existing home sales data.
Stock index futures were higher on Tuesday, extending gains from the previous session, as investors awaited a final reading on third-quarter economic growth and existing home sales data.
France will continue to use data stolen from a Geneva private bank in its drive against tax evasion, its budget minister said on Tuesday, a day after French officials agreed to return the client lists to Switzerland.
U.S. stock index futures pointed to a higher open on Wall Street on Tuesday, with futures for the S&P 500 up 0.28 percent, Dow Jones futures up 0.27 percent and Nasdaq 100 futures up 0.51 percent at 3:40 a.m. EST.
The dollar held firm on Tuesday against major currencies, and hit a two-month high against the yen, while Asian shares edged up as technology stocks tracked a rally in their peers on Wall Street.
Oil held steady on Tuesday ahead of an OPEC meeting, with the firmer dollar countering an expected fall in crude and distillate inventories in the United States along with the sustained strong demand in China.
