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Wall Street moves higher after erratic early trading

- U.S. stocks held on to their gains in early afternoon trading on Tuesday, reversing earlier declines, on strong earnings from Merck, better-than-expected housing data and a dividend hike from IBM.

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U.S. homeownership dips, but household formation rises

WASHINGTON - U.S. homeownership slipped to a 25-year low in the first quarter, but sustained strong gains in the pace at which Americans are setting up homes supported the view that the housing sector will boost economic growth this year.

1:00pm EDT

'Flash crash' accused trader due back in court after failing to raise bail

LONDON - Navinder Sarao, the British trader accused of helping provoke the 2010 Wall Street "flash crash", is due to appear in a London court on Wednesday after failing to raise the bail needed to secure his release from custody, a court official said.

Citigroup leaders win shareholder support as stock lags

NEW YORK - Citigroup Inc shareholders re-elected directors and overwhelmingly sided with the board on proposals at their annual meeting on Tuesday even as their stock traded for less than the company thinks it is worth.

1:19pm EDT

Tsipras presses for May debt deal, threatens referendum

ATHENS - Greek Prime Minister Alexis Tsipras said on Tuesday he was confident of an outline deal with international creditors within two weeks, after shaking up his negotiating team and sidelining his finance minister who has infuriated euro zone partners. | Video

World, Greece 12:20pm EDT

Deutsche Bank co-CEO Fitschen goes on trial in Kirch case

MUNICH - Deutsche Bank co-CEO Juergen Fitschen went on trial on Tuesday accused of giving misleading evidence in connection with the 2002 collapse of the Kirch media empire, a case that could prove a distraction for the bank as it presses ahead with a strategic overhaul.

12:54pm EDT

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