Citi's turnaround plan hits euro crisis speedbump
The European debt crisis interrupted the plans of Citigroup Inc Chief Executive Vikram Pandit to rebuild the bank, which reported an 11 percent drop in quarterly profit and disappointed Wall Street amid lackluster investment banking and trading business.
TD Ameritrade profit rises in tough environment
TD Ameritrade Holding Corp posted a 5 percent increase in quarterly profits on Tuesday as higher fees from deposit accounts and investment products helped offset a drop in trading levels toward the end of the period as investors withdrew from the choppy markets.
Analysis: In Citi appeal, who will speak for Rakoff?
Manhattan federal judge Jed Rakoff is certainly not shy about speaking for himself. In November, as you'll surely recall, Rakoff blocked a negotiated $285 million settlement between the Securities and Exchange Commission and Citigroup over mortgage-linked securities. To say Rakoff had harsh words for the parties would be the understatement of the year. He railed against the bank and regulators an...
Cree results, forecast disappoint; stock slides
- Cree Inc, a maker of LED lighting, reported a lower-than-expected quarterly profit and also gave a forecast for the current period that fell short of analysts' estimates, sending its shares down more than 5 percent.
HP names new strategy chief
Hewlett-Packard Co on Tuesday named software veteran Bill Veghte as chief strategy officer as it overhauls its top ranks following a series of missteps over the past year.
Will hedge fund holdouts scuttle Greek swap deal?
Hedge funds holding Greek bonds that mature in March may have the strongest hand in the critical negotiations to restructure the cash-strapped country's debt.
Wall Street Ends Higher, but Citigroup News Limits Gains
Stocks sold off late in the session to end with modest gains on Tuesday as Citigroup's steep drop in profit gave investors a reason to unload bank shares.
Wall Street ends higher, but Citi limits gains
Stocks sold off late in the session to end with modest gains on Tuesday as Citigroup's steep drop in profit gave investors a reason to unload bank shares.
U.S. Charges Russian Father and Son with Cyberfraud
U.S. authorities on Tuesday unsealed criminal charges accusing a father and son team, both Russian citizens, of hacking into U.S. bank accounts and illegally snatching credit card numbers and stealing hundreds of thousands of dollars.
SEC Inspector General David Kotz Quitting
David Kotz, the inspector general at the Securities and Exchange Commission who has a reputation as a tough watchdog, is leaving the agency at the end of January, the SEC said on Tuesday.
Symantec says hackers stole source code in 2006
Symantec Corp said a 2006 breach led to the theft of the source code to its flagship Norton security software, reversing its previous position that it had not been hacked.
SEC says Inspector General David Kotz leaving agency
David Kotz, the inspector general at the Securities and Exchange Commission who has a reputation as a tough watchdog, is leaving the agency at the end of January, the SEC said on Tuesday.
Money man in U.S. online poker case admits fraud
A man accused of processing payments to help online poker websites avoid U.S. gambling laws pleaded guilty on Tuesday to fraud charges.
Google's mobility plans cloud strong Q4
Google Inc's strong holiday-quarter results may take a backseat to growing concerns about long-term margins after it dives into a fiercely competitive smartphone market through its $12.5 billion acquisition of Motorola Mobility Holdings.
Wall Street Trims Gains as Citi Sinks After Earnings
Stocks advanced on Tuesday but sharply pared gains late in the session after Citigroup's steep drop in profit gave investors a reason to unload bank shares.
Analysis: What Europe can learn from Alexander Hamilton
He was born out of wedlock, stained his reputation with an extra-marital affair and was mortally wounded in a duel.
RIM shares jump on report of sale efforts
Shares of Research In Motion jumped more than 10 percent on Tuesday after a tech blog said the BlackBerry maker was actively seeking to sell itself to South Korean smartphone rival Samsung Electronics.
RIM shares jump after report of Samsung sale
Shares of Research In Motion jumped more than 8 percent on Tuesday after a tech blog said the BlackBerry maker was actively seeking to sell itself to South Korean smartphone rival Samsung Electronics.
Check Point's Q4 profit tops estimates
Internet and network security provider Check Point Software Technologies beat forecasts with a jump in fourth-quarter profit and forecast growth in 2012 in line with analysts' estimates.
Tech blog says RIM eyes sale to Samsung
Shares of Research In Motion jumped more than 8 percent on Tuesday after a tech blog said the BlackBerry maker was actively seeking to sell itself to South Korean smartphone rival Samsung Electronics.
Reuters brings its own stars to new YouTube channel
NEW YORK (TheWrap.com) - Reuters has launched ReutersTV, a new YouTube channel that will cover hard news, finance, politics and technology, the company announced Tuesday.
South Carolina Backer Calls on Rick Perry to Quit Race
Four days before the South Carolina primary, Rick Perry is facing pressure from his own supporters to end his campaign and consolidate the conservative vote.
FDIC releases bank stress test proposal
Bank regulators on Tuesday voted to release a proposal for how banks with more than $10 billion in assets should conduct stress tests annually to determine whether they can withstand a financial shock.
Wells Fargo profit jumps on loan growth
Wells Fargo & Co on Tuesday beat Wall Street estimates with a 20 percent increase in fourth-quarter profit, boosted by continued loan growth and improving credit quality.
Sears stock rises on speculation it may go private
The shares and options of Sears Holdings Corp rose on Tuesday on speculation the operator of Sears department stores and the Kmart discount chain could go private.
Symantec: 2006 hacking led to source code theft
Symantec Corp, the world's biggest maker of antivirus software, said that hackers breached its networks in 2006, stealing source code to its flagship security programs and three other products.
Foreigners ramp up Canadian securities purchases
Foreigners dramatically stepped up their purchases of Canadian securities in November, snapping up C$14.99 billion ($14.84 billion) worth, compared with just C$3.85 billion in October, Statistics Canada said on Tuesday.
Dundee REIT to buy Whiterock for about $572 million
Dundee Real Estate Investment Trust (D_u.TO: Quote) will buy Whiterock REIT (WRK_u.TO: Quote) for about C$580 million ($572 million) in a cash-and-stock deal to strengthen its position in the office property space.
TSX little changed, Kinross drop offsets China
Toronto's main stock index was slightly lower on Tuesday as losses from gold miners offset the impact of an early surge in commodity prices that were boosted by solid economic data from China and Germany.
New labor leader at GM's Opel a break with past
General Motors Chief Executive Dan Akerson has a new partner to help fix his loss-making European unit Opel; a lanky German sociologist-turned-labor-leader with a reputation for avoiding the spotlight.