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Wall Street cuts losses late to end tad lower

U.S. stocks ended a volatile session slightly lower on Tuesday as a late-day rally led by materials and healthcare shares offset another big drop in oil prices.

Recent Business News

GM recalling 473,000 SUVs, pickups in North America for brake pedal problems

General Motors Co said Tuesday it is recalling 473,000 pickups and SUVs in North America because brake pedals could fail due to a faulty nut.

More Americans quitting jobs as labor market strengthens

WASHINGTON U.S. job openings surged in December and the number of Americans voluntarily quitting work hit a nine-year high, pointing to labor market strength despite a slowdown in economic growth.

3:28pm EST

Obama proposes $4.1 trillion spending plan in final White House budget

WASHINGTON U.S. President Barack Obama proposed a $4.1 trillion spending plan for fiscal year 2017 on Tuesday in a final White House budget that met immediate Republican resistance for its cost and reliance on tax hikes to fund domestic priorities.

More pain possible for Fitbit shareholders as lockup expires

NEW YORK Fitbit Inc's stock, already at a record low, could take another hit on Wednesday, when insiders and employees will be allowed to sell some 127.3 million shares that had been locked up.

5:12pm EST

Deutsche Bank looking to buy back several billion euros of bonds -FT

Deutsche Bank AG is looking to buy back several billion euros worth of its debt in an effort to reverse the falling value of its securities, the Financial Times reported.

4:57pm EST

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