NEW YORK - Stocks slipped on Tuesday, a day after a record close on the S&P 500, with traders looking ahead to next week's Federal Reserve meeting in the absence of market-sensitive economic data.
Recent Business News
NEW YORK - Spooked by three audits in less than two years, several of Bernard Madoff's employees grew concerned in 2006 about their fates if his massive Ponzi scheme came to light, a former Madoff aide testified on Tuesday.
- Fourth-quarter capital markets and underwriting revenues this quarter are running slightly below results from a year ago, Citigroup Inc Chief Financial Officer John Gerspach said on Tuesday.
- AutoZone Inc , the largest U.S. auto parts retailer, reported a better-than-expected quarterly profit as it focuses on its fast-growing business that sells to auto repair chains to offset weakness in its main do-it-yourself market.
PARIS - French spirits group Pernod Ricard expects a "positive" holiday season in the United States, its largest market, amid improving consumer sentiment and declining unemployment, its regional head said on Tuesday.
Reuters reports that GM's current CEO, Daniel Akerson, will step down on January 15 and be replaced by the company's global product development chief, Mary Barra.