Wall St. retreats but S&P, Nasdaq post quarterly gains

NEW YORK - U.S. stocks ended down on Tuesday in a retreat from the previous session's sharp rally as energy shares declined and the dollar edged up, but the S&P 500 and Nasdaq registered their ninth straight quarterly rise.

Recent Business News

U.S. consumer confidence, house prices offer hope for economy

WASHINGTON - U.S. consumer confidence rebounded strongly in March amid optimism over the labor market while house prices increased in January, hopeful signs that a recent sharp slowdown in economic activity was probably a blip.

12:53pm EDT

Wells Fargo gets U.S. approval to use internal models for capital

WASHINGTON - Wells Fargo won regulatory approval on Tuesday from federal banking regulators to use its own tailored risk models for determining its capital requirements.

3:28pm EDT

EU regulators query Luxembourg on McDonald's tax deals: source

BRUSSELS - European Union antitrust regulators have asked Luxembourg for information on its tax rulings for McDonald's after labor unions accused the U.S. fast food chain of avoiding taxes, a person involved in the issue said on Tuesday.

Pao faces tough court if she appeals Kleiner bias lawsuit

SAN FRANCISCO - Ellen Pao faces an uphill battle should she choose to appeal her defeat last week in a gender discrimination lawsuit against former employer Kleiner, Perkins, Caufield & Byers, the Silicon Valley venture capital firm.

Berkshire Hathaway Automotive looks to expand in U.S.: chairman

DETROIT - Warren Buffett's Berkshire Hathaway Inc wants to purchase more U.S. auto dealerships to expand the company's automotive dealer venture, Larry Van Tuyl, chairman of Berkshire Hathaway Automotive, told CNBC on Tuesday.

2:00pm EDT


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