MARKETS / FINANCE

U.S. stocks fell on Tuesday as investors turned cautious ahead of earnings season, and talk of a second stimulus package underscored worries about the U.S. economic recovery.

EU finance ministers meet European Union finance ministers will meet today as they attend the Economic and Financial Affairs Council in Brussels. The Swedish's presidency program will be presented by the country's finance minister; Anders Borg. The agenda will also include preparations for this autumn's G20 summit, and issues related to the global economic crisis.

Oil rose toward $65 a barrel on Tuesday after a four-day losing streak and as U.S. crude oil inventories were expected to fall for the fifth week in a row.

U.S. stock futures pointed to a flat open on Tuesday as investors turned cautious ahead of corporate earnings results, and talk for the need of a second fiscal stimulus package underscored worries about the U.S. economic recovery.

Futures pointed to a slightly higher open on Tuesday as the price of oil broke a four-session losing streak, which could lift energy shares, but investors remained cautious ahead of the start of earnings season.

Oil rose above $64 a barrel on Tuesday, after falling for four consecutive sessions on doubts over global economic recovery and potential improvement in demand for fuel.

Wall Street was set for a lower open on Tuesday, with futures for the S&P 500, Dow Jones and Nasdaq 100 down 0.5 percent at 4:17 a.m. EDT.

Oil eased below $64 a barrel on Tuesday, falling for the fifth consecutive session on doubts over global economic recovery and potential improvement in demand for fuel.

World stocks ticked lower for a fourth consecutive day toward a two-week low on Tuesday while the low-yielding yen rose as doubts persisted over how sustainable a global economic recovery would be.

Wells Fargo & Co will announce an expansion in its securities business, the Wall Street Journal reported on its website.

Oil edged down on Tuesday, on course for its fifth consecutive fall and longest losing streak since February, on worries about the economy that have brought the stock market rally to a halt and pushed the dollar higher.

Asian stocks edged up slightly on Tuesday but struggled after a slide the previous day, while the yen held gains against higher-yielding currencies as investors doubt the speed of the global economy's recovery.

The United States should be planning for a possible second round of fiscal stimulus to further prop up the economy after the $787 billion rescue package launched in February, an adviser to President Barack Obama said.

California suffered a new setback in its financial crisis on Monday when Fitch Ratings cut its rating on the state's general obligation debt to just two notches above junk status.

A former Goldman Sachs Group Inc computer programmer accused of stealing secret trading codes from the financial firm has been released from federal custody after posting bail, authorities said Monday.

Asian stocks edged up slightly on Tuesday but struggled after a slide the previous day, while the yen held gains against higher-yielding currencies as investors doubt the speed of the global economy's recovery.

Oil edged up above $64 a barrel on Tuesday, after four consecutive days of falls on worries about the economy that have brought the stock market rally to a halt and pushed the dollar higher.

Nokia and Singaporean mobile service provider MobileOne (M1) have entered into a contract to offer the Nokia Messaging service.

A former Goldman Sachs Group Inc computer programer accused of stealing secret trading codes from the financial firm has been released from federal custody after posting bail, authorities said on Monday.

Maurice Hank Greenberg, former chief executive of American International Group Inc , fabricated documents and lied under oath in a bid to rewrite history and cloud who is the rightful beneficiary of a valuable block of AIG stock, AIG lawyer Ted Wells told a federal jury on Monday.

U.S. tax authorities have discovered far fewer than the 52,000 accounts with Swiss bank UBS AG suspected of being used by Americans to avoid taxes, the U.S. government said in a court filing on Monday.

The Treasury Department is warning the financial services industry that it will not back down from its proposal to create a new consumer protection agency, even while lobbyists build a warchest and strategy to defeat the plan.

National Semiconductor Corp on Monday introduced its Powerwise LMX2541 chip, equipped with integrated VCO, the industry's fully integrated lowest –noise frequency synthesizer.

More mortgage losses expected Standard & Poor's Monday boosted its expectations for losses on risky loans backing U.S. mortgage securities to as much as 40 percent, suggesting a darkened outlook for the troubled housing market. According to a S&P report the more dire assessment is likely to significantly impact bonds originally carrying AAA ratings.

A former Goldman Sachs Group Inc computer programer accused of stealing secret trading codes from the financial firm was being held in federal custody on Monday, pending the posting of $750,000 bail.

A former Goldman Sachs Group Inc computer programer accused of stealing secret trading codes from the financial firm was being held in federal custody on Monday, pending the posting of $750,000 bail.

The Dow industrials rose and the S&P 500 rebounded in late trading on Monday as investors' concerns about the strength of an economic recovery triggered a move into defensive stocks.

The Dow and S&P 500 rose on Monday as concerns about the strength and timing of an economic recovery kept pressure on commodity prices and lifted defensive stocks.

Virus researches on Monday said Trojans accounted for 70 percent of all new malware between April and June 2009 and are responsible for over a third of all infections.