Stocks edged higher on Tuesday, led by the financial sector as economic data pointed to a sustained if slow recovery from the recession, taking the Dow and the S&P 500 to nine-month highs.
Whole Foods Market Inc on Tuesday posted third quarter earnings that beat Wall Street's expectations, as sales rose, and the seller of organic and gourmet food products raised its full-year earnings forecast.
The U.S. Senate will approve a $2 billion extension of the cash for clunkers auto sales incentive by week's end, Majority Leader Harry Reid said on Tuesday, giving new life to a successful program that has boosted industry sales to a 2009 high.
Stocks edged higher on Tuesday, led by the financial sector as economic data pointed to a sustained if slow recovery from the recession, taking the Dow and the S&P 500 to nine-month highs.
Hedge fund firm Citadel Investment Group will return millions to clients who asked to exit last year, but were locked in when its flagship funds lost more than half their value during the financial crisis.
World of Warcraft patch 3.2 has been released and is now available for download. It updates several user interactions including an array of game changes.
Apple Inc on Tuesday has finally landed its iTunes store in Mexico with a wide selection of Mexican, indie labels and international music.
Private equity firm Kohlberg Kravis Roberts & Co nudged another step closer to merging with its Euronext-listed fund on Tuesday after the fund received enough support from its unitholders for the deal.
Allen Stanford's criminal attorney won't be allowed to withdraw just yet, a federal judge in Texas said on Tuesday, even though another law firm has said it would represent the accused swindler.
Consumer spending rose 0.4 percent in June, exceeding analyst forecasts the Commerce Department said Tuesday. The increase could be attributed to consumers spending more on increasingly expensive staples, such as gasoline. After adjusting for inflation, spending fell by 0.1 percent.
Disagreement within the Obama administration over reshaping U.S. financial regulation flared on Tuesday, with top bank regulators defending their turf against key parts of a plan to overhaul bank supervision.
Stocks edged higher on Tuesday, led by the financial sector as economic data pointed to a sustained if slow recovery from the recession, taking the Dow and the S&P 500 to nine-month highs.
Pension managers and mutual fund houses have been among the biggest buyers of the Dow Jones industrial average in recent weeks, underscoring the growing belief the recession is over, according to an analysis conducted by Thomson Reuters.
Microsoft has unveiled its Windows 7 XP Mode release candidate (RC) version and is available for download at the company's website.
U.S. consumers spent more in June and there was positive news on the housing market, but a big drop in incomes pointed to a slow recovery from the worst recession in decades.
The world's largest chip maker, Intel on Tuesday launched new software application that runs in a social networking that will save the world in donating spare processing power in a computer to a worthwhile cause's effort.
U.S. stocks edged lower on Tuesday as economic data showing contracts for home sales rose more than expected in June was offset by investors booking profits after the recent rally.
Top U.S. bank regulators spoke out on Tuesday against key elements of the Obama administration's plan to reshape financial regulation, calling some parts unneeded or disruptive.
A U.S. Securities and Exchange Commission ban on so-called flash orders is imminent, a senior lawmaker said on Tuesday -- just before the agency itself said it was drawing up plans to ban the controversial services offered by some stock exchanges.
U.S. consumers spent more in June and pending sales of previously owned homes also rose, data issued on Tuesday showed, but the biggest drop in incomes in four-and-a-half years pointed to a slow recovery from the worst recession in decades.
Stocks edged higher on Tuesday as better-than-expected data on home sales underpinned signs of an economic recovery, but the gains were capped as investors took profits in shares that propelled the recent rally.
A U.S. Securities and Exchange Commission ban on flash trades is imminent, a senior lawmaker said in a statement on Tuesday.
U.S. homebuilder D.R. Horton Inc reported a deeper-than-expected quarterly loss on Tuesday, as it navigates its way through the worst housing slump the nation has seen since the 1930s.
Melissa E. Hathaway is stepping down from its position as a United States Acting Cyber-security Chief. The acting senior director for cyberspace for the National Security and Homeland Security Councils is reportedly leaving her position later this month. Hathaway headed President Obama's 60-day review on the nation's cyber-infrastructure.
Disagreement within the Obama administration over reshaping U.S. financial regulation flared on Tuesday, with top bank regulators defending their turf against key parts of a broad bank supervision overhaul plan.
Pending sales of previously owned U.S. homes rose at a faster-than-expected pace in June, advancing for the fifth straight month for the first time in six years, a real estate trade group said on Tuesday.
Oil steadied over $71 a barrel on Tuesday as expectations for a crude inventory rise in top consumer the United States damped investor optimism.
One third of European Union citizens say they have never used the Internet, compared with 40 percent in 2007, an EU study showed on Tuesday.
General Electric Co. says it will pay a $50 million penalty to settle government charges that its accounting procedures violated provisions of U.S. securities laws and increased its reported earnings to mislead investors in its financial statements, federal regulators said Tuesday.
Toshiba Corporation on Tuesday unveiled the world's largest memory card equipped with fastest data transfer rates for reading and writing speed of 60Mbps and 30Mbps respectively.
