The dollar was broadly higher on Tuesday as investors sold currencies associated with risk on concerns about the banking system while looking ahead to data on the outlook for economic growth.
Citigroup Inc (C.N) said on Tuesday that it would sell its Diners Club North America credit card business to Canada's BMO Financial Group (BMO.TO), as part of its strategy to shed noncore or unwanted assets.
News, details on corporate bond issues in the European markets on Tuesday:
Warner Music Group , the world's third largest music company, on Tuesday reported a quarterly loss due to higher interest expense and charges for job cuts.
Japanese cabinet ministers piled yet more pressure on the Bank of Japan on Tuesday to respond to deflation, with one saying the central bank was asleep at the wheel.
U.S. stock index futures were little changed on Tuesday, following a strong advance in Monday's session and after Hewlett-Packard reported that quarterly profit matched its preliminary results.
* U.S. stock index futures pointed to a lower opening on Wall Street on Tuesday, following the previous session's sharp gains, with futures for the S&P 500 SPc1 down 0.18 percent, Dow Jones DJc1 futures down 0.26 percent and Nasdaq 100 NDc1 futures down 0.38 percent at 0925 GMT.
U.S. stock index futures pointed to a lower opening on Wall Street on Tuesday, following the previous session's sharp gains, with futures for the S&P 500 down 0.18 percent, Dow Jones futures down 0.26 percent and Nasdaq 100 futures down 0.38 percent at 0925 GMT (4:25 a.m. EST).
Financial markets did a quick about-face from the previous session's patterns on Tuesday with stocks falling, the dollar recovering some losses and gold dropping back a bit from record highs.
Kenneth Feinberg, the Obama administration's pay czar, is being pressed by federal officials to relax executive compensation restrictions at American International Group Inc for 2010, the Wall Street Journal reported, citing people familiar with the matter.
The U.S. Federal Reserve this month asked nine banks that were part of stress tests conducted earlier this year to submit plans to repay money injected under the Troubled Asset Relief Program , Bloomberg said, citing a person familiar with the situation.
Microsoft Corp has had talks with News Corp about a tie up, which would involve News Corp getting paid to take its news websites off Google Inc, a source familiar with the matter said on Sunday.
Financier Carl Icahn has offered $156.5 million to acquire the partially built Fontainebleau Las Vegas resort, which has been stalled in bankruptcy court since June, according to the resort's chief operating officer.
A trade group for the lenders that finance half the capital equipment investment in the United States said on Monday that U.S. businesses remain hesitant about borrowing to invest in their operations.
Freddie Mac, the U.S. mortgage finance giant, said on Monday it is seeking $595 million in loan payments and other funds hung up after the bankruptcy of lender Taylor, Bean & Whitaker.
Lehman Brothers International , where more than $35 billion of hedge fund assets have been frozen since the bank's collapse last September, could return about $11 billion to fund managers by March if enough firms approve a new plan.
Apple's iPhone has attracted half of the world's smartphone traffic share and 55 percent in the US after it hit the market 28 months ago, mobile advertising network AdMob said on Monday in its October report.
Hewlett-Packard Co tripled the size of its share repurchase program to $12 billion as China sales and better profit margins on its services boosted quarterly earnings.
US computer giant Hewlett-Packard said on Monday that it saw a 14 percent increase in the fourth quarter profits of 2009 despite an eight percent e dip in sales.
Sales of previously owned U.S. homes jumped last month to their highest level in more than 2-1/2 years, but a fall in an economic gauge was a reminder that recovery from recession would be patchy.
Gold scaled a record high on a weak dollar and global stocks jumped on Monday after better-than-expected U.S. home sales data and rosy economic news in the euro zone bolstered appetite for riskier assets.
The Aussie dollar began the week on somewhat of a negative note with early Asian sellers pushing it down from the open of 0.9145 to a low near 91 cents. Support held however as local equity markets opened strongly and New Motor Vehicle Sales for the month of October increased by 3.7%. The AUD entered offshore exchange testing the 92 cent level finally consolidating gains above this level following an increase in risk appetite thanks mainly to upbeat European and U.S economic data. After topping ...
IT research firm Gartner on Monday raised its 2009 outlook for personal computer shipments, but reiterated that Windows 7 won't impact PC sales in holiday season till 2010.
U.S. stocks snapped a three-day losing streak on Monday as stronger-than-expected home sales data fueled optimism while a weaker dollar boosted commodity-linked stocks.
U.S. stocks rose on Monday, with the S&P 500 on track to snap a three-day sell-off as stronger-than-expected home sales data fueled optimism about the economic recovery while a weaker dollar boosted commodity-linked stocks.
Web search leader Google Inc said it is buying Silicon Valley display advertising technology startup Teracent, which expands its competition with display leader Yahoo Inc.
U.S. stocks rose on Monday, with the S&P 500 on track to snap a three-day sell-off as stronger-than-expected home sales data fueled optimism about the economic recovery while a weaker dollar boosted commodity-linked stocks.
Technology distributor Tech Data Corp posted better-than-expected quarterly results, helped in part by tighter cost controls, and forecast strong fourth-quarter revenue, sending its shares to a year-high.
Danish telecom operator TDC, which has been widely tipped as a candidate for a big stock offering, said on Monday its main owner had begun reviewing strategic alternatives for the company.
South African fixed-line phone group Telkom plans to spend 6 billion rand ($800 million) over five years to launch a mobile phone business as profits from its fixed-line business tumbled.
