Visa Inc , the world's largest payment network, posted quarterly earnings that were 23 percent higher than for the same period last year, raised its dividend and authorized a share repurchase plan.
JPMorgan Chase & Co , the second largest U.S. bank, is looking to add financial advisers, Chief Executive Jamie Dimon told a conference in New York on Tuesday.
IBM said its board approved an additional $5.0 billion in share repurchases, bringing the company's total stock buyback program to $9.2 billion in a reflection of its strong cash flow.
With America still in a defensive crouch after a crushing recession and financial meltdown, the U.S. Federal Reserve is unlikely to soften its promise of rock bottom interest rates soon.
The S&P 500 and the Nasdaq fell on Tuesday as investors booked profits following the stock market's recent run-up, while a weaker-than-expected reading in a measure of consumer confidence sparked caution about the spending recovery.
ING shares were sold sharply lower the day after it announced plans for a highly dilutive rights issue, before the record number of shares trading hands caused a technical glitch and the share's suspension.
Robert McCann, the new head of the battered U.S. wealth management unit of Swiss bank UBS AG , said he aims to stem client withdrawals and has no plans to sell the business.
The Dow and S&P rose on Tuesday as stronger-than-expected earnings at BP Plc lifted energy shares, but weak U.S. consumer confidence data weighed on stocks.
Investors are shunning European bank shares after an EU-imposed break-up and retrenchment of Dutch ING Groep sparked fears Belgium's KBC and UK peers face tougher-than-expected sanctions in return for state aid.
U.S. consumer confidence deteriorated sharply in October as the worst job market in a quarter century heightened concerns about the future, more than outweighing modest improvements in the housing sector.
The top U.S. securities regulator said she was looking for ways to crack down on naked access, the practice of brokers giving high-frequency traders unfettered access to public markets.
The Dow and S&P indexes rose on Tuesday as earnings at BP Plc lifted energy shares, but results at Chinese Internet search giant Baidu.com and weaker-than expected consumer confidence data pushed the Nasdaq lower.
China Unicom said on Monday it will limit the sales for the long-awaited iPhone on October 30, the first day the eagerly sought Apple handset is due to go on sale nationwide in China.
Wall Street analysts on Tuesday cut their price targets on Baidu Inc, after China's dominant search engine forecast a sequential decline in fourth-quarter revenue due to the transition to a new Internet
advertising technology.
Britain will damage its economy if it does not follow France and clamp down on Internet piracy, the boss of entertainment and telecoms group Vivendi said on Tuesday.
Billionaire investor Carl Icahn said on Tuesday he will offer to smaller holders of CIT Group's debt short-term protection against the value of the debt declining, if investors back his alternative restructuring of the beleaguered lender.
U.S. Steel Corp posted a third straight quarterly loss on Tuesday, but it was narrower than Wall Street expected as the company shipped more steel than in the previous quarter in a possible sign demand is coming back from the economic downturn.
U.S. stocks fell in choppy trading on Tuesday as a worse-than-expected consumer confidence report overshadowed earlier data that showed home prices rose for the fourth-straight month.
Tweeters are being invited to submit questions for the spirits of departed celebrities including Michael Jackson and William Shakespeare as part of the world's first Twitter seance.
U.S. consumer confidence fell to lower-than-expected levels in October, amid growing concerns that job market conditions will worsen in the near term, according to a report released on Tuesday.
Billionaire investors Carl Icahn said on Tuesday he will offer smaller holders of CIT Group's debt short term protection against the value of the debt declining, if investors back his alternative restructuring of the beleaguered lender.
U.S. stocks fell on Tuesday, following a bumpy market open, after data showed consumer confidence fell in October.
U.S. home prices rose for the fourth straight month in August and shoppers spent more last week, providing evidence consumer demand could be stabilizing.
Nokia Oyj and SAP said on Tuesday they would establish a new company providing brand owners technological services to fight multi-billion dollar counterfeit and pirate products business.
Asian stocks fall on commodity price decline, Hong Kong's property curbs.
Wall Street was set for a modestly lower open on Tuesday as worries the market's seven-month rally was reaching an end offset data showing U.S. home price rose more than expected.
S&P 500 index futures moved higher on Tuesday after a report showed U.S. home prices rose in August for the fourth-straight month, surpassing forecasts.
S&P 500 index futures edged higher on Tuesday following a two-day selloff as better-than-expected earnings offset worries that the market's seven-month rally was reaching its end.
The dollar slipped against the euro on Tuesday as traders took a breather from steep gains made in the U.S. currency the previous day which had knocked the euro from a 14-month high.
The dollar slipped against the euro on Tuesday, pausing from the previous day's broad gains as the yield on 10-year U.S. government bonds retreated from a two-month high, removing some support for the U.S. currency.
