Wall Street moves lower on Apple, interest rate worries

- Wall Street ended lower on Tuesday for a third straight session as investors worried about a rise in interest rates while Apple's shares hit their lowest in over six months.

Recent Business News

Disney revenue misses estimates for first time in eight quarters

- Media company Walt Disney Co's revenue missed Wall Street expectations for the first time in eight quarters, sending its shares down more than 2 percent in extended trading.

4:50pm EDT

Luxury fashion retailer Neiman Marcus files for IPO

- Luxury fashion retailer Neiman Marcus Group Inc filed with U.S. regulators on Tuesday for an initial public offering of common stock.

5:09pm EDT

Telecom Italia weighs reorganization of business unit: Bloomberg

- Italy's Telecom Italia SpA is considering merging its OpenAccess business unit that leases its landline network to rivals with its wholesale business to avoid antitrust charges of as much as 4 billion euros ($4.35 billion), Bloomberg reported on Tuesday.

5:52pm EDT

Exclusive: UBS was warned of Puerto Rico loan practices, e-mails show

NEW YORK - A UBS AG branch manager in Puerto Rico warned bank officials that brokers for the firm had urged customers to engage in improper loan practices, more than two years before the bank made a $5.2 million settlement over the matter with the island’s financial regulator, according to internal bank correspondence reviewed by Reuters.

2:17pm EDT

Brazil presents another hurdle in Monsanto's bid for Syngenta

SAO PAULO - Seed giant Monsanto Co.'s unwanted takeover bid with Switzerland's Syngenta AG would face strong resistance in Brazil should it go forward, farmers and lawyers said, a hurdle that could delay or force major concessions to the $45 billion deal.

Deals, Brazil 1:08pm EDT


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