Hoping to bolster his biggest case, the trustee seeking money for Bernard Madoff's victims has proposed adding new claims and 23 defendants to his $58.8 billion lawsuit against Bank Medici AG founder Sonja Kohn and Italy's UniCredit SpA.
Connecticut's utilities, maintenance, and emergency crews continued to play catch-up Tuesday in the aftermath of Hurricane Irene, reducing the number of customers without power to about 420,000.
Stocks fell on Tuesday after data showed a sharp drop in consumer confidence, heightening worries about economic growth.
Consumer confidence crumbled in August to its lowest level in more than two years as the fallout from political wrangling over a budget deal took its toll, according to a private sector report released on Tuesday.
Gold and gold receivables held by euro zone central banks fell by 4 million euros to 363.248 billion euros in the week ending Aug. 26, the European Central Bank said Tuesday.
Silver and gold prices rose Tuesday, lifting share prices of companies that mine the precious metals and underscoring just how tentative the U.S. economy is.
Chicago Federal Reserve Bank President Charles Evans said on Tuesday he favored strong central bank accommodation for a substantial period of time, as the U.S. economy looks to be moving sideways.
Below are the reasons that might help you make up your mind.
Hong Kong-listed shares of China Construction Bank Corp rose more than 4 percent on Tuesday after Bank of America Corp said it will sell about half of its 10 percent stake in the Chinese lender, providing relief to investors by removing uncertainty surrounding the stake.
Canadian uranium miner Hathor Exploration Ltd. is urging its shareholders not to respond to an unsolicited takeover bid by Cameco Corp., a larger Canadian uranium producer that is offering to buy Hathor in an all-cash deal worth $531 million.
Dollar General Corp posted bigger-than-expected gains in quarterly sales and profit and raised the low end of its full-year forecast on Tuesday, as shoppers visited its discount stores more often to buy food and other basic items.
Amid a sluggish U.S. job market, a patch-work recovery in the housing market sector, and now damage from Hurricane Irene, it's understandable if U.S. investors are hesitant regarding deploying new money to the stock market. Where's the Dow Jones Industrial Average headed from here?
Chicago Federal Reserve Bank President Charles Evans said on Tuesday he favored strong central bank accommodation for a substantial period of time, as the U.S. economy looks to be moving sideways.
Bill Gross, the manager of the world's largest bond fund, feels like crying in his beer for having bet so heavily against U.S. government-related debt earlier this year, the Financial Times reported on Monday.
Shares of many large gold-mining companies rose Tuesday in premarket trading as the price of the yellow metal increased and stock market futures indicated a lower open.
Some European financial institutions should have taken bigger losses on their Greek government bond holdings in recent results announcements, the International Accounting Standards Board said in a letter to the EU market regulator, according to the Financial Times.
Gold rose in U.S. electronic trading early Tuesday, following similar jumps in European and Asian trading from stronger demand for physical gold and uncertainty about the Federal Reserve.
Ratings agency Standard and Poor's lowered its economic growth forecasts for the euro zone on Tuesday, but said the shared currency bloc was not headed toward a new recession.
Peru's government and miners are discussing the implementation of at least two different rate scales for a new royalty payment system
Gold regained strength on Tuesday as bargain hunting resurfaced after prices dropped more than 2 percent in the previous session, but higher equities and easing worries about recession in the United States could limit gains.
Euro zone economic sentiment fell more than expected in August, underlining prospects for slower economic growth and expectations that the European Central Bank may cut inflation forecasts and cease raising interest rates.
Gold edged higher on Tuesday, following its worst weekly performance in two months last week, supported by improving physical demand and some investor uncertainty ahead of minutes from the U.S. Federal Reserve's recent policy meeting.
Lenders are making more subprime auto loans again, reversing the cautious approach they adopted after the credit crisis, an industry research firm said on Tuesday.
Global shares edged up to their highest in nearly two weeks on Tuesday, but the rally looked to be running out of steam on the back of concerns over Europe's debt troubles and U.S. growth.
Bank of America Corp is selling about half its stake in China Construction Bank for $8.3 billion, in its latest effort to shed assets and boost capital.
China's state-run news agency demanded on Tuesday that Internet companies, regulators and police do more to cleanse websites of toxic rumors, adding to signs that the ruling Communist Party wants to tame the explosion of freewheeling microblogs.
Asian stocks rose on Tuesday and European shares looked set to extend gains as strong U.S. consumer spending data soothed some fears that the economy was slipping back into a recession.
Stock index futures pointed to a weaker open for equities on Wall Street on Tuesday after steep gains in the previous session, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 down 0.2 to 0.3 percent.
Gold regained strength Tuesday as bargain hunting resurfaced after prices dropped more than 2 percent in the previous session, but higher equities and easing U.S. recession fears could limit gains.
Australia's competition regulator voiced objections on Tuesday to the terms of the proposed split of dominant phone company Telstra Corp, threatening to delay an historic reform designed to wire up the entire nation to high-speed broadband.
