Business

Photo

Wall St. climbs as expectations shift on Fed policy

NEW YORK - U.S. stocks rose on Tuesday and the S&P notched its best performance in a month after a report shifted investor expectations for the Federal Reserve's policy statement due on Wednesday.

Recent Business News

New York says Barclays move to toss fraud case should be denied

NEW YORK - The New York attorney general on Tuesday rebutted Barclays Plc's motion to dismiss the state's lawsuit alleging fraud in how it ran a private trading platform, calling the arguments in the petition "misguided" and "disingenuous."

Boeing-Lockheed venture wins $938 million in U.S. rocket launch deal

WASHINGTON - United Launch Alliance, a joint venture of Boeing Co and Lockheed Martin Corp , has won a contract from the U.S. Air Force for $938 million in additional work on military rocket launch services, the Pentagon said on Tuesday.

Adobe revenue forecast misses, shares slip

- Photoshop maker Adobe Systems Inc's forecast disappointing revenue for this quarter and reported lower quarterly sales at its digital media business, which includes the Creative Cloud software suite.

6:26pm EDT

U.S. auto regulators defend role in GM recall after report

WASHINGTON - Federal auto safety regulators came under scrutiny in a Senate hearing on Tuesday for their role in General Motors' failure to promptly report and recall cars with defective parts that led to at least 19 deaths.

Bank of America forgoes $6 billion with slimmer consumer strategy

NEW YORK - Bank of America Corp gave up about $6 billion in annual revenue by phasing out risky consumer banking products and eliminating certain fees, but the long-term impact on profits should be minimal, a top executive said on Tuesday.

2:32pm EDT

Markets

  • U.S.
  • Europe
  • Asia
  • Sectors

Sector Summary