Additional criminal charges were filed on Tuesday against Galleon hedge fund founder Raj Rajaratnam as prosecutors alleged he and his co-defendant reaped $49 million from illegal insider trading, up from an earlier claim of $40 million.
Former Treasury Secretary Henry Paulson and billionaire investor Warren Buffett, from different sides of the political spectrum, expressed support on Tuesday for the U.S. government's aggressive steps in 2008 to keep the nation's banks and economy from a complete meltdown.
Former Treasury Secretary Henry Paulson and billionaire investor Warren Buffett, from different sides of the political spectrum, expressed support on Tuesday for the U.S. government's aggressive steps in 2008 to keep the nation's banks and economy from a complete meltdown.
The Dow posted its largest one-day percentage gain in three months on Tuesday, boosted by reports of an aid plan for heavily indebted Greece.
In the last few months, we have been reading predictions and forecasts from bullion analysts who insisted and argued that gold price is booming to touch $2,000, $3,000, $5,000, $10,000 per ounce in the coming years. These forecasts have caught people's attention who have been pouring money into gold and other precious metals all these months. But after the big surge of gold price to $1,227 per ounce some two months back, the yellow metal has been climbing down the ladder of speculation.
Google Inc co-founder Sergey Brin said on Tuesday it has become very hard to operate in China, but he is optimistic that the Internet company can continue to open up information for everyone everywhere, free of political censorship.
The Dow posted its largest one-day percentage gain in three months on Tuesday, boosted by reports of an aid plan for heavily indebted Greece.
The Aussie dollar entered offshore exchange edging closer to the 87 cent handle with the market keeping a keen eye on developments in Europe.
Galleon hedge fund founder Raj Rajaratnam and co-defendant Danielle Chiesi, indicted in a sweeping insider trading case, must hand over wiretap evidence to U.S. market regulators, a judge ruled on Tuesday.
European governments have agreed in principle to help heavily indebted Greece, a senior German coalition source said on Tuesday, in what would be the first rescue of a euro zone member in the currency's 11-year history.
MetLife Inc plans to pay American International Group Inc in stock and cash for American Life Insurance Co , as the two sides negotiate what could be a roughly $15 billion deal, a source familiar with the matter said on Tuesday.
The heads of the top U.S. stock exchanges have poured cold water on the Obama administration's plan to bar banks from proprietary trading.
U.S. stocks rose Tuesday on investors' relief that help for Greece may finally arrive.
Stocks advanced on Tuesday, with the Dow on track for its largest daily percentage gain since November, boosted by reports about an aid plan for heavily indebted Greece.
President Barack Obama sought common ground with Republicans on Tuesday on his top policy priorities of job creation and deficit reduction, winning hints of support in both areas but a rebuke on healthcare reform.
President Barack Obama, reaching out to lawmakers in both U.S. political parties, said on Tuesday he hoped Congress would soon deliver a package of measures to boost U.S. employment and economic growth.
U.S. job openings rose in December and the number of unemployed workers fell, according to a government report on Tuesday that supported views the labor market was on the brink of recovery.
Google Inc injected social networking features into its popular Web email product as the world's No. 1 search engine seeks to fend off competition from Facebook and Twitter.
A rally for U.S. stock markets stalled on Monday after a German official rejected reports that the nation's lawmakers had decided to offer aid for Greece.
The embattled U.S. wealth management business of Swiss bank UBS AG continued to bleed client assets in the fourth quarter, hurt by fleeing advisers and negative publicity from a tax-fraud scandal.
President Barack Obama said on Tuesday he hoped Congress would soon deliver a package of measures to boost U.S. employment and growth.
Stocks rose broadly on Tuesday, with the Dow on track for its largest daily percentage advance since July, on reports euro zone countries will come to the aid of debt-stricken Greece.
U.S. consumer confidence fell in February to near a level seen at the beginning of the recession, as high unemployment and some stock market weakness sapped January's optimism, a research group said on Tuesday.
U.S. stocks rose on Tuesday, led by commodity-related stocks, as speculation Greece would get help from the European Union to cut the country's deficit weakened the U.S. dollar, lifting prices of oil and basic materials.
Stocks rose broadly on Tuesday with Caterpillar Inc and other industrial shares benefiting from a broker upgrade and talk of help for debt-burdened Greece reviving investor sentiment.
U.S. stock markets rallied today as investors increasingly expect the European Union to offer some sort of assistance for Greece.
Africa's largest oil producer, Nigeria is concerned on reports that its oil reserves in the Niger Delta region will dry and disappear by the year 2040. Studies by country's Regulatory and monitoring organs blamed activities of militant groups in the region, ineptitude leadership and rapid depletion of ore, a major component for the exploration are contributory factors that may see the end of Nigeria's oil.
Euro zone assets recovered some poise on Tuesday as markets bet the European Union would take steps to restore confidence in struggling members like Greece at a summit this week.
Globally renowned commodities expert and investor Jim Rogers says world's focus in the coming years is going to be on agricultural commodities and food prices. According to him, the prices of agricultural commodities and food are going to continuously rise in the coming years. Commodity prices are going to shoot up. The challenge is that people are eating more foods these days. But the supply of food products is coming down, he said.
Wall Street eyed a higher open on Tuesday as speculation that debt-burdened Greece would get help from the European Union bolstered sentiment, and positive broker comments looked set to boost industrial companies.