- U.S. stocks were a mixed bag on Tuesday, with the Dow ending lower after a handful of uninspiring earnings reports while the Nasdaq closed near a record high following a proposed biotech merger.
Recent Business News
BRUSSELS - Euro zone finance ministers will not set any deadline for Greece to come up with reforms to get more funding because such time limits lead to brinkmanship in negotiations, a senior euro zone official said on Tuesday.
FRANKFURT - U.S. and British officials are preparing to announce a settlement with Deutsche Bank AG as soon as Thursday over allegations it tried to rig benchmark interest rates such as Libor, two sources with knowledge of the matter said.
LONDON - Trading revenue from the world's biggest banks showed signs of recovery in the first quarter as financial market volatility boosted dealing room profits after years of attrition.
MILAN - Italian confectionery group Ferrero is facing no succession problem after the death of its owner, Michele Ferrero, and the family owners of the Nutella empire are not interested in selling, Chairman Francesco Paolo Fulci said on Tuesday.
WASHINGTON - The largest U.S. and foreign banks would need to keep track of deposits better under a plan launched by the Federal Deposit Insurance Corporation on Tuesday, as many lenders have grown and become more complex.