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Wall Street flat as telecom gains offset by earnings

NEW YORK - U.S. stocks were little changed on Tuesday after a rally in the telecommunications sector lost steam and a lower earnings forecast from UPS weighed on sentiment.

Recent Business News

Apple updates MacBook Pro laptops, cuts price of older model

- Apple Inc said it updated its MacBook Pro line of laptops with a high-resolution Retina display, faster processors and higher memory for a starting price of $1,299.

9:09am EDT

U.S. seasonally adjusted home prices fall in May: S&P/Case-Shiller

NEW YORK - U.S. single-family home prices fell in May on a seasonally adjusted basis, falling short of expectations calling for a slight gain, a closely watched survey said on Tuesday.

9:23am EDT

China regulator announces anti-monopoly probe of Microsoft

BEIJING - A Chinese regulator said on Tuesday it is conducting an anti-monopoly investigation into Microsoft Corp over its Windows operating system, in the latest in a growing number of competition probes that have unnerved Western firms in China.

7:52am EDT

Exclusive: Goldman unit eyes foray into China amid metals financing scandal

NEW YORK/SYDNEY/LONDON - Goldman Sachs Group Inc's metals warehousing unit is exploring its first foray into China, and privately held C Steinweg has expanded capacity there, sources said, as a financing scandal in a major Chinese port fuels a scramble for market share.

1:12am EDT

NY Times forecasts further decline in print ad revenue

- The New York Times Co reported a dip in second-quarter revenue as print advertising revenue erased the previous quarter's rise, and the company expects print ad revenue to continue to decline in the future.

10:43am EDT

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