Wall St tumbles with Microsoft, Caterpillar; data weighs

NEW YORK - U.S. stocks fell sharply on Tuesday, with Microsoft and Caterpillar shares tumbling after quarterly results, while an unexpected decline in durable goods orders also weighed on sentiment.

Recent Business News

Oil edges up on weaker dollar; traders wary of big stock build

NEW YORK - Oil rose on Tuesday as a weaker dollar propped up commodities priced in the currency, but gains were limited by fears of another large build in U.S. crude stocks and that the seven-month long selloff in oil has yet to peak.

11:50am EST

P&G warns of drop in full-year net sales as dollar strengthens

- Procter & Gamble Co , the world's largest household products maker, said net sales would fall 3-4 percent in the full year due to a stronger dollar, sending its shares down 3 percent in premarket trading.

8:44am EST

Lockheed Martin profit forecast misses on lower pension income

- Lockheed Martin Corp , the Pentagon's largest arms supplier, forecast 2015 earnings below analysts' estimates due to lower pension income.

10:57am EST

Pfizer's 2015 forecast disappoints, crimped by generics, dollar

- Pfizer Inc reported stronger-than-expected quarterly results as sales of vaccines and cancer drugs increased, but the company forecast 2015 earnings below Wall Street expectations, citing patent expirations and the stronger dollar.

7:31am EST

DuPont plans $4 billion share buyback

- DuPont , under pressure from activist investor Nelson Peltz to improve shareholder returns, said it plans to buy back up to $4 billion of its stock using a dividend expected from a spinoff of its performance chemicals business.

11:30am EST


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