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Dow pierces 23,000 but ends below milestone

NEW YORK The Dow Jones Industrial Average briefly broke above the 23,000-point mark for the first time on Tuesday, driven by strong earnings from UnitedHealth and Johnson & Johnson, but finished the session just below that milestone. | Video

Recent Business News

Wall Street banks look beyond trading to drive profits

NEW YORK Wall Street rivals Goldman Sachs Group Inc and Morgan Stanley topped analyst expectations on Tuesday, reporting third-quarter earnings gains from a range of products and services despite an industry-wide decline in bond trading. | Video

12:51pm EDT

Powell likely next Fed chief, though Yellen best suited: economists

LONDON Jerome Powell likely will be the next Federal Reserve chairman, according to a slim majority of economists in a Reuters poll - but most of them said current Fed Chair Janet Yellen would be the best option.

2:45pm EDT

New cancer drugs help Johnson & Johnson top profit estimates

Johnson & Johnson posted better-than-expected third-quarter earnings, raising its full-year forecast due to growth from new cancer drugs and high-margin treatments picked up in its $30 billion acquisition of Actelion earlier this year.

3:00pm EDT

Exclusive: Microsoft responded quietly after detecting secret database hack in 2013

Microsoft Corp's secret internal database for tracking bugs in its own software was broken into by a highly sophisticated hacking group more than four years ago, according to five former employees, in only the second known breach of such a corporate database.

Tech, Cybersecurity 11:24am EDT

U.S. SEC charges Rio Tinto, former top executives with fraud

NEW YORK The U.S. Securities and Exchange Commission on Tuesday charged mining company Rio Tinto Plc and two of its former top executives with fraud, saying they inflated the value of coal assets in Mozambique acquired for $3.7 billion and sold a few years later for $50 million.

8:05pm EDT

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