IBT Staff Reporter

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Geithner seeks quick foreclosure pact with banks

A comprehensive settlement between U.S. authorities and banks over alleged mortgage servicing abuses needs to be reached quickly to help the housing market heal, Treasury Secretary Timothy Geithner said on Tuesday.

U.S. Nuclear Stance Unchanged for Now Despite Japan Crisis

Nuclear power will continue to be a part of U.S. plans for power generation even as a nuclear crisis unfolds in Japan in which authorities are trying their best to prevent a meltdown at a plant on the nation's eastern coastline, a top official said on Tuesday.

NASA Back To Work After Tragedy

NASA and United Space Alliance workers resume operations on Endeavour after yesterday's tragedy, which saw a technician fall to his death.

Wall Street tumbles 2 percent

U.S. stocks tumbled more than 2 percent at the open on Tuesday, tracking global equities sharply lower as Japan's looming nuclear crisis looked set to thrust financial markets into a period of turmoil.

Wall Street set to tumble

Wall Street was set to tumble more than 2 percent at the open on Tuesday, tracking global equities sharply lower as Japan's looming nuclear crisis looked set to thrust financial markets into a period of turmoil.

Wall Street tumbles more than 2 percent

Wall Street tumbled more than 2 percent on Tuesday and the Nasdaq turned negative for the year as Japan's looming nuclear crisis looked set to thrust financial markets into a period of turmoil.

Hedge funds hammer Japan stocks to worst plunge since '87

Japan's Nikkei share average plunged 10.6 percent on Tuesday, posting the worst two-day rout since 1987, as hedge funds bailed out after reports of rising radiation near Tokyo. Many mutual funds were left on the sidelines, leaving them poised to dump shares into any rebound.

Sick & Tired of Risk

What's your true level of risk today? No idea. But the least your fund manager, advisor or favorite financial columnist can do today is remember the lesson of 2007, and highlight the range of risks and possible fall-out which might lie ahead. Take inflation, for instance. Though small, the risk of currency devaluation and hyper-inflation in the developed West is still materially underpriced by gold bullion

Oil slides further on Japan nuclear concerns

Oil prices dropped sharply on Tuesday with Brent crude falling below $108 a barrel for the first time in nearly three weeks as a deepening nuclear crisis in Japan heightened risk aversion across financial markets.

Nasdaq nears rival bid for NYSE: source

Nasdaq OMX Group Inc is closer to making a counter-bid for NYSE Euronext , a source familiar with the situation said, a move that would challenge the Big Board's blockbuster deal with Deutsche Boerse by merging two of Wall Street's fiercest rivals.

Stock futures tumble as Japan crisis worsens

U.S. stock index futures tumbled about 2 percent on Tuesday as Japan faced a looming nuclear crisis, sending global equities sharply lower in what could be a prolonged bout of turmoil for financial markets.

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