Euro zone finance ministers and officials met in Brussels on Tuesday to agree on leveraging their EFSF bailout fund so it can help Italy or Spain should they need aid.
Italy has had preliminary discussions with the International Monetary Fund about financial support to cope with the euro zone's debt crisis, possibly co-funded by national European central banks, but no decision has been taken, several sources close to the situation said.
OmniVision Technologies Inc posted better-than-expected quarterly results, helped by its CameraCube acquisition, but forecast the third quarter below estimates.
American Airlines passengers should not expect any near-term changes after the airline filed for bankruptcy, but the filing may affect their future plans.
After a strong Black Friday showing, Nintendo now has to focus on maintaining the momentum for its products over the next five weeks of the crucial holiday season, the company's U.S. president told the Reuters Global Media Summit on Tuesday.
The Dow and S&P 500 advanced for a second day on Tuesday as stronger-than-expected consumer confidence data and hopes for further progress on a solution to Europe's fiscal mess bolstered sentiment.
Whipsawing markets continue to baffle supposedly savvy hedge fund managers, who are hobbling again this month after registering a short-lived revival in October.
Judge Jed Rakoff's blunt rejection of a major Citigroup Inc securities fraud settlement could resonate with other judges who share the public's frustration with Wall Street and its regulators.
The Dow and S&P 500 advanced for a second day on Tuesday as stronger-than-expected consumer confidence data and hopes for further progress on a solution to Europe's fiscal mess bolstered sentiment.
The trustee liquidating MF Global Holdings Ltd's broker-dealer unit asked a federal bankruptcy judge to authorize the distribution of as much as $2.1 billion to about 36,000 former commodities customers, roughly doubling the total payout to $4.1 billion.
Euro zone ministers struggled to ramp up the firepower of their rescue fund and raised the possibility of asking the IMF for more help on Tuesday after Italy's borrowing costs hit a euro lifetime high of nearly 8 percent.
American Airlines shares were having their busiest day in history on Tuesday after the company's parent filed for bankruptcy, even taking account of 16 mandatory trading halts due to the volatility.
Herman Cain, facing new accusations of a 13-year affair, is reassessing whether to stay in the race for the Republican presidential nomination. With growing evidence against him, can Cain salvage his campaign?
Americans shook off some of their concerns about the economy this month but a surprise fall in house prices in September underscored the weak foundations of the recovery.
Americans shook off some of their concerns about the economy this month but a surprise fall in house prices in September underscored the weak foundations of the recovery.
The Dow and S&P 500 advanced for a second day on Tuesday as consumer confidence data was stronger than expected and investors eyed further progress on a solution to Europe's fiscal mess.
The four AAA-rated U.S. insurance companies will not be placed on negative outlook, even though the U.S. sovereign outlook has been cut to negative, Fitch Ratings said on Tuesday.
Credit rating agency Standard & Poor's could change its outlook on France's AAA rating to negative within days, a French newspaper reported on Monday, adding to fears France may lose its position among the top rank of sovereign borrowers.
The Dow and S&P 500 advanced for a second day on Tuesday as consumer confidence data was stronger than expected and investors eyed further progress on a solution to Europe's fiscal mess.
The Federal Trade Commission announced Tuesday that Facebook will settle over privacy disputes. Commissioned by Alcatel-Lucent, Allison Cerra and Christina James set out in Identity Shift: Where Identity Meets Technology in the Networked-Community Age to understand how users construct their virtual identity and how much information consumers are willing to share with companies online.
MF Global UK administrator KPMG said it had recovered about $500 million of client assets frozen at the defunct broker and planned to make significant returns to customers before the March 2012 claims deadline.
AOL Inc Chief Executive Tim Armstrong remains committed to keeping the company independent and is not looking at Yahoo's assets even as AOL's larger rivals seek to consolidate.
MasterCard Inc plans to start offering prepaid debit cards at Western Union Co locations outside the United States, expanding an offering only available domestically until now, company executives said on Tuesday.
Gold prices barely moved Tuesday as investors waited to see if Eurozone finance ministers meeting in Brussels will agree to strengthen the continent's bailout fund to insure sovereign debt.
The Financial Industry Regulatory Authority on Monday sanctioned eight brokerages and ten individuals, and ordered a total of $3.2 million in restitution for selling private placements that ultimately failed.
Janet Yellen, the Federal Reserve's influential vice chair, said on Tuesday the U.S. central bank has room to ease monetary policy further, possibly by providing more information on the path of interest rates.
Stocks mostly rose for a second straight day on Tuesday as a rebound in consumer confidence and soothed fears over Europe whetted investors' appetite for risky assets.
Zynga's road show with investors for its initial public offering will start next Monday, two sources familiar with the matter told Reuters on Tuesday.
Stocks mostly rose for a second straight day on Tuesday as a rebound in consumer confidence and soothed fears over Europe whetted investors' appetite for risky assets.
Janet Yellen, the Federal Reserve's influential vice chair, said on Tuesday the U.S. central bank has room to ease monetary policy further to support a tenuous economic recovery.
