Wall Street indexes fall with oil prices, General Electric
NEW YORK (Reuters) – Wall Street paused its rally on Tuesday, weighed down by weakness in General Electric shares and as lower oil prices dragged down the energy sector.
Wells Fargo loses bid to end Philadelphia predatory lending lawsuit
(Reuters) – A federal judge in Philadelphia on Tuesday rejected Wells Fargo & Co’s bid to dismiss that city’s lawsuit accusing the largest U.S. mortgage lender of predatory lending targeting black and Hispanic borrowers.
GE renews break-up talk after $11 billion insurance, tax hit
(Reuters) – General Electric Co again raised the prospect of breaking up the conglomerate on Tuesday as it announced more than $11 billion in charges from its long-term care insurance portfolio and new U.S. tax laws.
Health-conscious Nestle sells U.S. candy to Ferrero for $2.8 billion
LONDON/MILAN (Reuters) – Swiss food group Nestle has agreed to sell its U.S. confectionery business to Italy’s Ferrero for $2.8 billion, it said on Tuesday, marking CEO Mark Schneider’s first big sale and a small step on its path towards healthier pro…
Dow hits 26,000 for first time on earnings optimism
(Reuters) – The Dow Jones Industrial Average raced past the 26,000 mark for the first time on Tuesday as fourth-quarter earnings season got off to a strong start following upbeat results from UnitedHealth and Citigroup.
Nestle sells U.S. candy business to Ferrero for $2.8 billion amid health push
LONDON/MILAN (Reuters) – Swiss food group Nestle has agreed to sell its U.S. confectionery business to Italy’s Ferrero for $2.8 billion, it said on Tuesday, marking CEO Mark Schneider’s first big sale and a small step on its path toward healthier prod…
Britain investigates Carillion directors after collapse
LONDON/CAMBRIDGE, England (Reuters) – Britain ordered a fast-track inquiry into the role played by Carillion’s directors in the failure of the construction and services group, as some of its thousands of small suppliers started to lay off workers on Tu…
Equities advance as Dow tops 26,000, dollar steadies
NEW YORK (Reuters) – World stock markets advanced on Tuesday, with investors on Wall Street pushing the Dow index past the 26,000 threshold, while the U.S. dollar strengthened after four days of declines.
Dow briefly tops 26,000 mark
(Reuters) – The Dow eased slightly after hitting the 26,000 mark for the first time on Tuesday, as earnings season got off to a strong start following upbeat results from UnitedHealth and Citigroup.
Citigroup reports $18 billion loss on one-time tax items
(Reuters) – Citigroup Inc posted an $18-billion quarterly loss on Tuesday because of charges related to a new U.S. tax law, but its adjusted earnings beat Wall Street expectations and management signaled that the bank may soon lift financial performanc…
