MARKETS / FINANCE

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BATS strips Ratterman of chairman role

BATS Global Markets Inc stripped Chief Executive Joe Ratterman of the chairman's role on Tuesday, days after the No. 3 U.S. exchange operator's botched initial public offering.
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Gupta loses wiretap ruling, wins on SEC notes

Former Goldman Sachs Group Inc director Rajat Gupta lost his bid to suppress wiretap evidence at his upcoming criminal trial on charges that he leaked boardroom secrets to hedge fund founder Raj Rajaratnam.
MEK

MEK 'Only Way To Stop Iran': Giuliani

Undeterred by a federal investigation into his peers, former New York Mayor Rudolph Giuliani has shown unwavering support for an Iranian dissident group called the People's Mujahedin of Iran, also known as the Mujahedin-e Khalq or MEK.
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EU to fine UPS, other logistics firms over cartel

EU antitrust regulators are set to fine 13 logistics firms, including UPS, Panalpina and Expeditors, on Wednesday for taking part in a cartel, two people familiar with the matter said on Tuesday.
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Ex-Goldman director Gupta loses wiretap ruling

Former Goldman Sachs Group Inc director Rajat Gupta lost his bid to suppress wiretap evidence from his upcoming criminal insider-trading trial on charges that he leaked boardroom secrets to hedge fund founder Raj Rajaratnam.
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Fed swap lines in U.S. interest: Dudley

The central bank's decision to provide dollar swap lines to Europe was made in the United States' best interests and not solely to benefit Europe, a top Federal Reserve official said on Tuesday.
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Mandela archives, letters and notes go online

Thousands of letters, photographs and documents relating to former South African President Nelson Mandela went online on Tuesday in a project aimed at increasing access to the archives which detail his long walk to freedom.
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Analysis: Spain risks years without economic growth

Belt tightening in the board room and the living room, deep public budget cuts and anaemic bank lending may be setting Spain up for years of economic stagnation that could eventually force it to seek a bailout.
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Home prices unchanged in January: S&P

Single-family home prices were unchanged in January, a closely watched survey said on Tuesday, suggesting the battered housing market continues to crawl along the bottom.
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Stock futures point to flat open after rally

Stock index futures pointed to a flat open on Tuesday as investors found little reason to keep pushing shares higher after comments from Federal Reserve Chairman Ben Bernanke sparked a rally.
Kumtor mine in Kyrgyzstan mine

Centerra Gold Cuts Kumtor's '12 Forecast

Canadian miner Centerra Gold on Tuesday slashed its forecast for 2012 production at its flagship mine in Kyrgyzstan by about a third due to ice movement in the pit, a decline sure to weigh on the fragile economy of the Central Asian state.
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Gold Prices Steady Around Two-Week Highs

Gold prices steadied around two-week highs on Tuesday after posting their biggest one-day rise since late January in the previous session, boosted by expectations that U.S. interest rates will stay lower for longer and by gains in the euro.
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Euro crisis needs mother of all firewalls: OECD

Euro zone finance ministers need to impress finance markets with the size of their rescue fund for indebted countries when they meet later this week, the head of the OECD said on Tuesday, advocating the mother of all firewalls.
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Stock futures flat after 1 percent rally

Stock index futures were flat on Monday as investors found little reason to keep pushing shares higher after comments from Federal Reserve Chairman Ben Bernanke sparked a rally.
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Analysis: Dow court case pushes limit of R&D tax credit

Dow Chemical Co is challenging the U.S. Internal Revenue Service in a rare court case over expanding the research and development tax credit to cover the costs of supplies used to improve the ways existing products are made.
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Euro zone debt crisis far from over: OECD

The euro zone's public debt crisis is not over despite calmer financial markets this year, the OECD said on Tuesday, with a warning that the bloc's banks remain weak, debt levels are still rising and fiscal targets are far from assured.
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U.S. stock index futures signal further gains

Stock index futures pointed to a higher open on Wall Street on Tuesday, with futures for the S&P 500 up 0.25 percent, Dow Jones futures up 0.29 percent and Nasdaq 100 futures up 0.36 percent at 0920 GMT.
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Japan's AIJ chief admits loss cover-up, apologizes

The president of Tokyo-based money manager AIJ Investment Advisors admitted to Japanese lawmakers on Tuesday to covering up losses of $1.3 billion in clients' pension money, but said he had no intention of cheating his clients.

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