Wall Street rises after China market steadies

- U.S. stocks were higher on Tuesday and were on track to break a five-day losing streak as a selloff in Chinese stocks eased and investors shifted focus to corporate earnings.

Recent Business News

Denials fly in war of nerves over Greek debt talks

ATHENS/BRUSSELS - Conflicting statements and denials flew between Athens and Brussels on Tuesday in a war of nerves highlighting the depth of mutual mistrust over a new round of negotiations on an 86 billion euro bailout that started this week. | Video

1:08pm EDT

BP profits slump after huge oil spill charge

LONDON - BP's second-quarter profit slumped by nearly two thirds from last year as it grappled with lower oil prices, a write off in Libya and a $10.8 billion charge for the 2010 crude spill in the Gulf of Mexico. | Video

10:08am EDT

Hikma to buy Boehringer's U.S. generics unit for $2.65 billion

- Hikma Pharmaceuticals Plc said it would buy German drugmaker Boehringer Ingelheim's U.S. specialty generic drugs business for about $2.65 billion in cash and stock to bolster its presence in the United States.

3:25am EDT

UPS second-quarter profit tops estimates; sees sluggish U.S. economy

- Package delivery company UPS on Tuesday reported a better-than-expected second-quarter profit on improved margins, and said U.S. economic growth was being hampered by a strong dollar and an expected interest rate hike. | Video

11:58am EDT

Cerberus leads U.S. investors gobbling up Europe's bank loans

LONDON - Cerberus, the private equity firm named after the mythical three-headed dog guarding the gates of Hades, is leading a charge by U.S. investors who are snapping up European loans at knockdown prices.

12:46pm EDT


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