SEC chairman says more post-crisis cases in pipeline
The Securities and Exchange Commission is in the midst of more probes stemming from the financial crisis, its chairman said on Tuesday, a week after Goldman Sachs settled fraud charges for a record $550 million.
Microsoft to sell Kinect at $150, also sell bundles
Microsoft Corp will sell its new Kinect motion-sensing gaming system for about $150 and also offer it in a package with the Xbox 360 videogame console when sales of the hands-free device start in November, the company said on Tuesday.
Tokyo Koenji Awaodori promises to be another spectacular visual feast
Over the Saturday and Sunday over 200 groups consisting out of 12,000 dancers perform to the delight of locals and tourists.
Surprise commercial orders eclipse defense
Large commercial airplane orders stole the show at the Farnborough Airshow on Tuesday, as Airbus raised its orders guidance for the year with the help of a resurgent leasing industry.
J&J cuts profit view on recalls, discloses subpoena
Johnson & Johnson's revenue missed expectations and it again cut its 2010 profit forecast, citing recalls of Tylenol and other medicines which it said are the subject of a U.S. criminal investigation.
Surprise commercial orders overshadow defense
Large commercial airplane orders stole the show at the Farnborough Airshow on Tuesday, with Latin American companies sharing the spotlight with a resurgent leasing industry.
Goldman's earnings tumble 82 percent
Goldman Sachs could turn out to be a mere mortal after all.
BA cabin crew reject new pay offer: union
British Airways cabin crew have voted against a revised pay offer to settle a long-running dispute, their union said Tuesday, but the airline said the ballot showed support for the union ebbing away.
French workers agree to General Motors factory plans
More than 1,000 factory workers in eastern France agreed to a salary freeze and reduction in days owed as part of conditions imposed by General Motors Co GM.N to keep a car plant open.
U.S. grand jury subpoenas Toyota on steering rods
A U.S. grand jury has ordered Toyota Motor Corp to turn over documents related to problems with rods that connect vehicle steering systems to their front wheels
Stocks edge up on Goldman, energy shares
Stocks edged higher on Tuesday, reversing losses, on a turnaround by shares of Goldman Sachs and gains in the energy and materials sectors.
Honda to sell plug-in hybrid and electric cars in 2012
Honda Motor Co plans to launch a plug-in hybrid and battery electric model in 2012 as part of its strategy to push to the front of a race by global automakers to develop more fuel-efficient cars.
Trial results of vaginal gel protects women from HIV infection
A test of an anti-HIV vaginal gel among South African women showed that it can protect them from infection, researchers bared during the 18th International AIDS Conference in Vienna on Tuesday.
Nokia jumps on hopes of CEO change
Shares in Nokia jumped on Tuesday on news that the world's top cellphone maker has sent out headhunters to find a replacement for Chief Executive Olli-Pekka Kallasvuo.
Volkswagen says 3 percent of sales to be electric cars
Volkswagen plans to launch all-electric vehicles in 2013 and expects these zero-emission vehicles to account for 3 percent of its sales by 2018, Chief Executive Officer Martin Winterkorn said on Monday.
Global effort needed on bank capital: U.S. officials
Global cooperation will be crucial to hardening world banks' capital armor along the lines backed by Congress and the Obama administration, senior U.S. regulators said on Tuesday.
Global assets under management rebound: study
Global assets under management rebounded last year as markets rallied, but investor jitters about future returns will force managers to review the way they do business, according to a report released on Tuesday.
China's SAIC Motor sees earnings quadrupling
Top Chinese automaker SAIC Motor Corp said on Tuesday it expected to post more than a 300 percent rise in first-half net profit.
BP to sell Vietnam assets to help pay oil spill costs
BP said it is to sell gas fields and an associated pipeline and terminal in Vietnam, worth an estimated $1 billion, as the oil giant builds up a cash pile to pay for its Gulf of Mexico oil spill.
Professor backs South Australia coroner’s proposed suicide toll
South Australia Coroner Mark Johns is suggesting a victims-of-suicide toll similar to the road toll saying this may prevent 200 people in the state from taking their own lives every year.
BNY Mellon, State Street post higher earnings
Bank of New York Mellon Corp and State Street Corp , the largest U.S. custody banks, reported higher quarterly profits on Tuesday as a rise in stock prices helped them earn more from managing client funds, helping to offset low interest rates.
Starz, Penguin launch TV-book tie-up on iPad
Penguin launched on Tuesday the first electronic book with a video tie-in, as the embattled book publishing industry bets on multimedia ebooks to revive flagging growth and boost readership.
Euro slips from 2-month high versus U.S. dollar
The euro slipped from a more than two-month high against the dollar on Tuesday as falling equities hit risk appetite, prompting investors to book profits ahead of the results from stress tests on European banks.
Oil up ahead of data as equities pare losses
Oil rose on Tuesday, bouncing as U.S. stocks came off their early lows and ahead of weekly oil inventory reports expected to show crude supplies fell last week.
U.S. crude for August delivery rose 61 cents to $77.15 a barrel by 11:57 a.m. EDT. The August U.S. crude contract expires on Tuesday. The more liquid September contract traded 57 cents higher at $77.47.
Special Report: We're from Wall Street and we're here to help
Jason Ader, a former hot-shot casino industry analyst turned wealthy hedge fund manager, is rolling the dice, hoping to become a community banker in Las Vegas.
BofA alters mortgages under HAMP at slower rate
Bank of America Corp modified U.S. mortgages at a slower rate in June under the government's primary program to stem foreclosures, due to changing program requirements, the company said on Tuesday.
Housing starts fall, permits offer ray of hope
Housing starts hit their lowest level in eight months in June, further evidence the economy lost momentum in the second quarter, but a rise in permits offered hope of a pick up in homebuilding.
Stocks slip on earnings, housing data
Stocks declined on Tuesday as quarterly corporate results again disappointed on revenues, but indexes eased from session lows.
France's Lagarde says confident over stress tests
French Economy Minister Christine Lagarde said on Tuesday she was confident about the results of European bank stress tests due to be officially announced on Friday.
I am confident, the minister said after a news conference, but declined to enter in further details.
Twitter ban as French lawmakers debate pension bill
French lawmakers began closed-door deliberation on President Nicolas Sarkozy's disputed pensions reform on Tuesday with the government saying it would accept only minor amendments.