CIT Group Inc (CIT.N) said Chief Executive Officer Jeffrey Peek plans to retire at the end of the year, as the commercial finance company struggles to avoid bankruptcy.
Within weeks of taking office, U.S. President Barack Obama rode to the rescue of homeowners resigned to financial ruin.
Want a snapshot of the U.S. housing market? Check out a mortgage modification event -- the lending equivalent of speed dating.
The U.S. Senate Finance Committee will vote on Tuesday on a bill to reform the U.S. healthcare system, President Barack Obama's main domestic objective.
Bank of America Corp agreed to waive legal privileges linked to its purchase of Merrill Lynch, in a step that could force the bank to hand over more details of how much it knew when it bought the investment bank, federal regulators said on Tuesday.
Revenue from China's online game market grew 39.5 percent in the second quarter from the previous year to 6.18 billion yuan ($906 million), according to data from research firm Analysys International on Tuesday.
* U.S. stock index futures rose slightly on Tuesday as investors awaited earning reports from Johnson & Johnson (JNJ.N) and Intel Corp (INTC.O).
Stock futures rose slightly on Tuesday as investors awaited earning reports from Johnson & Johnson and Intel Corp .
Carlyle Group [CYL.UL] co-founder David Rubenstein said the private equity industry will grow larger than before its bubble burst, as it transforms itself over the next two to three years.
American International Group is to sell its Taiwan life insurance unit for $2.15 billion, marking the largest disposal since a U.S. government bailout saved the insurer from collapse last year.
While optimism among small U.S. businesses perked up slightly in September, owners saw little to celebrate as they planned to cut inventories and trim their workforce, a survey released on Tuesday showed.
India's United Spirits (UNSP.BO), is set to sell new shares worth about $300-350 million to institutions to help cut its debt, after efforts to sell a stake to private equity firms and Diageo (DGE.L) failed.
Factory-built homes maker Champion Enterprises Inc (CHB.N) said its lenders agreed to refrain from taking actions after it failed to make certain payments.
European shares were lower at midday on Tuesday, dragged down by financials ahead of earnings news from major U.S. banks and after prominent sector analyst Meredith Whitney downgraded her rating on Goldman Sachs (GS.N).
Britain's leading shares were 0.3 percent lower early on Tuesday, retreating from a 12-month high set the previous session with investors staying on the sidelines ahead of UK inflation data and upcoming U.S. corporate earnings.
* U.S. stock index futures pointed to a slightly lower opening on Wall Street on Tuesday, with futures for the S&P 500 SPc1 down 0.13 percent, Dow Jones DJc1 futures down 0.11 percent and Nasdaq 100 NDc1 futures down 0.06 percent at 0830 GMT.
The number of high net-worth individuals in Asia Pacific slumped 14 percent in 2008 and they lost over a fifth of their wealth, leading to only cautious moves from cash back into stocks this year, Merrill Lynch and Capgemini said on Tuesday.
American International Group has struck a deal to sell its Taiwan life insurance unit for $2.15 billion, marking its largest disposal of a unit since a government bailout saved it from collapse last year.
U.S. stock index futures pointed to a slightly lower opening on Wall Street on Tuesday, with futures for the S&P 500 down 0.13 percent, Dow Jones futures down 0.11 percent and Nasdaq 100 futures down 0.06 percent at 4.30 a.m. EDT.
World stocks fell from this week's one-year high on Tuesday as investors grew cautious ahead of major third-quarter U.S. corporate earnings, while risk-hungry investors drove the Australian dollar to a 14-month peak.
Corrects staff being hired in 5 years to 200, not doubling; corrects spelling to Calamander from Calamandar
JPMorgan Chase & Co is promoting Kurt Simon to co-lead its technology, media and telecommunications team, the Wall Street Journal reported on its website on Tuesday.
Asian stocks rose to a 14-month high and the U.S. dollar steadied on Tuesday, with some investors taking bets that third-quarter U.S. corporate earnings, expected to shrink for the ninth quarter, will be good enough to keep a rally going.
Macau's move to review gaming rules in the world's fastest-growing gambling market could brighten the outlook for casino stocks as potential curbs would help profits by limiting oversupply, analysts said on Tuesday.
American International Group struck a deal to sell its Taiwan life insurance for $2.15 billion, marking its largest disposal of a division since a government bailout last year saved it from collapse.
PC maker Dell Inc is eyeing more acquisitions as part of a turnaround plan and is developing merger expertise, Chief Executive Michael Dell told Bloomberg in an interview on Monday.
Asian stocks edged up to a 14-month high, while the U.S. dollar steadied on Tuesday, with some investors taking bets that third-quarter U.S. corporate earnings, expected to shrink for the ninth quarter, will be good enough to keep a rally going.
Oil edged below $73 a barrel on Tuesday, after rising for three straight sessions to settle at a seven-week high the previous day, buoyed by a weak dollar and optimism over the pace of global economic recovery.
Bank of America Corp has agreed to hand over to investigators documents describing the legal advice it received related to its purchase of Merrill Lynch, the Wall Street Journal reported on Monday, citing people familiar with the situation.
British pay-TV giant BSkyB, a broadcaster 39%-owned by Murdoch's News Corporation and chaired by his son James Murdoch, said on Monday that it was launching Sky Songs, a digital music service to challenge Apple's iTunes in the music downloads business.
