Alcoa stock drops as Wall St digests quarterly results
Alcoa's stock plummeted on Tuesday as Wall Street digested the aluminum producer's worse-than-expected quarterly results amid nagging concerns over whether the metal's price rally can keep going.
Angelina Jolie overshadowed St. John fashion brand
St.John this week launched a new spring 2010 print advertising campaign starring British model Karen Elson, 30, a redhead who is married to White Stripes singer Jack White.
Court dismisses Dow Chemical shareholder's Rohm suit
A Delaware court dismissed a complaint by Dow Chemical shareholders that claimed the company's board acted irresponsibly when it approved the buyout of rival Rohm And Haas last year.
Wall St lower on earnings, bank jitters
U.S. stocks fell on Tuesday, halting a six-day streak of gains, after weaker-than-expected results from Alcoa Inc and on concerns banks could face fees from the government to recoup losses tied to bailouts.
Toyota accelerates next-generation battery R&D
Toyota Motor Corp has set up a division to accelerate developing next-generation batteries, a company executive told reporters at the North American Auto Show on Tuesday.
FDIC staff proposes tying bank fees to pay
U.S. banks with compensation plans that encourage risk-taking would have to pay more for deposit insurance under a plan floated by the staff of the Federal Deposit Insurance Corp on Tuesday.
Alcoa stock drops after results miss expectations
Shares of Alcoa Inc fell over 9 percent on Tuesday, a day after the aluminum producer reported fourth-quarter results that fell short of Wall Street expectations.
Canadian dollar continues to drop on shaky economic outlook
The Canadian dollar is continuing to reverse the gains it made in the first week of 2010 against the dollar. The Canadian dollar rose from a low of 1.0576 on December 30 to a high of 1.0249 yesterday at 3 a.m. London time on rising stock and oil prices and prospects of a worldwide economic recovery.
Wall Street lower after subpar start to earnings season
Stocks fell on Tuesday, dragged lower by Alcoa Inc's worse-than-expected results and a warning from Chevron Corp that its fourth-quarter earnings will drop.
Wall St lower after subpar start to earnings season
U.S. stocks fell on Tuesday, dragged lower by Alcoa Inc's worse-than-expected results and a warning from Chevron Corp that its fourth-quarter earnings will drop.
Europe recruitment index flat in Dec - survey
Recruitment in Europe was unchanged in December compared to the preceding month as increased demand in the legal and public sector offset a fall in the production and construction sector, a survey showed on Tuesday.
Infosys signals sector recovery, boosts tech stocks
Infosys Technologies, the country's No.2 outsourcer, raised its annual sales forecast as big financial services clients boost orders in an improving global economy, pointing to an industry recovery.
Chipmakers battle over next wave of mobile devices
As tablets and e-readers vie to dominate the next generation of mobile Internet devices, another battle is raging in the chip market between Intel Corp, Qualcomm Inc, Nvidia Corp and Marvell Technology Group Ltd.
Pakistan seen becoming more Islamist, anti-U.S.
Pakistani society is likely to become more Islamist and increasingly anti-American in the coming years, complicating U.S. efforts to win its support against militant groups, a report released on Tuesday said.
New York City leads drive to cut U.S. salt intake
The city's Health Department announced on Monday that it is coordinating a nationwide effort to reduce salt in restaurant and packaged foods by 25 percent over five years.
North Korea digs in on U.S. peace talks demand
North Korea will not return to nuclear disarmament negotiations unless the United States agrees to peace treaty talks and lifts sanctions, a senior North Korean diplomat said on Tuesday, leaving little room for compromise.
Blair vowed military support if Iraq diplomacy failed
Prime Minister Tony Blair told U.S. President George W. Bush in 2002 that Britain would back military action if diplomatic efforts to disarm Iraq's Saddam Hussein failed, his former communications chief said on Tuesday.
Russia to lease nuclear submarine to India
Russia will lease to India in 2010 its new Nerpa nuclear-powered submarine, Russian defence officials and Indian naval officers said on Tuesday.
Does junk food at non-food stores add pounds?
The study, of more than 1,000 non-food retail stores across the U.S., found that 41 percent sold candy, soft drinks, chips and other sweet and salty snacks. The foods were most commonly placed at check-out counters, where they were within arm's reach of impulsive buyers, the researchers report in the American Journal of Public Health.
Italy may suspend Berlusconi trials by decree
Italy's cabinet is mulling a decree that would suspend a number of trials, including those involving Prime Minister Silvio Berlusconi, in the run-up to regional elections in March, a senator from his party said on Tuesday.
U.S. makes progress in tobacco control, group says
The federal government earned a grade of A for giving the Food and Drug Administration power to regulate tobacco, including how companies market, manufacture and sell tobacco products, the advocacy group said in its annual report card on tobacco control.
Obama meets union leaders over healthcare concerns
The leader of the biggest U.S. labor federation warned President Barack Obama on Monday that failure to act quickly on unemployment would be suicidal and would put the Democrats' control of Congress at risk.
EU exec likely to sue Greece over statistics mess
The European Commission is likely to launch infringement proceedings against Greece for failing to provide reliable statistics on its budget deficit and debt, an EU source with knowledge of the proceedings said on Tuesday.
Trade gap balloons
The U.S. trade deficit ballooned in November, as the price of imported oil jumped more than $5 per barrel and as revived consumer and manufacturer demand pushed imports to their highest in nearly a year.
Wall Street falls after subpar start to earnings season
Stocks fell on Tuesday on a subpar start to earnings season following Alcoa Inc's worse-than-expected results and Chevron Corp's warning that its income would be sharply lower.
RBS says investors fret over bonus clampdown
Royal Bank of Scotland said investors were concerned a clampdown on bonuses would hamper its ability to retain staff and warned parliamentarians the rescued bank could find itself prisoner to market rates.
Shanda Games buys U.S. firm to expand global presence
China's second-largest online game company Shanda Games made its first U.S. acquisition on Tuesday, buying online game firm Mochi Media for $80 million, to advance its global ambition and consolidate its position in an increasingly competitive Chinese market.
Iran blames U.S., Israel in killing of scientist
A remote-controlled bomb killed a Tehran University nuclear scientist Tuesday, state media reported, in an attack which Iran blamed on its two arch enemies, the United States and Israel.
Google's investment arm to grow partner ranks
Google Inc's venture capital arm, Google Ventures, is bringing more partners onboard as the $100 million fund seeks to build upon the eight investments it has made in companies since its launch last spring.
China surprises with bank reserve hike, markets hit
China took its strongest step toward tightening monetary policy on Tuesday as the world's third-largest economy roars ahead, surprising investors with an increase in banks' required reserves that rocked global financial markets.