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Wall Street climbs as consumer and tech stocks lead

NEW YORK Consumer and technology stocks, including Amazon, led gains on Wall Street on Tuesday while the perceived win by Democrat Hillary Clinton in the first presidential debate gave broader support to equities.

Recent Business News

Takata to sell auto interiors business to Detroit supplier -source

DETROIT Takata Corp's interiors subsidiary, Irvin Automotive, will be purchased by the Piston Group, a Detroit auto parts maker that is headed by former National Basketball Association player Vinnie Johnson, a source familiar with the matter said on Tuesday.The deal is expected to close later this week, the source said, at an undisclosed price. The Takata deal with Piston Group is not directly related to the larger effort to secure a lifeline for Takata and its primary

3:59pm EDT

World Bank reappoints Kim to five-year term as president

WASHINGTON The World Bank on Tuesday reappointed Jim Yong Kim to a five-year term as president of the multilateral development lender after the nomination period closed without any challengers coming forward.

3:35pm EDT

Oil down 3 percent as Saudi, Iran dash hopes for an Algiers deal

NEW YORK Oil fell about 3 percent on Tuesday after Saudi Arabia and Iran dashed market hopes that the two major OPEC producers would find a compromise this week at meeting in Algiers to help ease a global glut of crude.

3:51pm EDT

StanChart tells authorities about corruption allegations at Indonesian firm

LONDON/WASHINGTON Standard Chartered has told "appropriate authorities" about alleged corruption at an Indonesian power plant company majority-owned by its private equity arm, the bank said on Tuesday.

U.S. senators accuse Yahoo of 'unacceptable' delay in hack discovery

WASHINGTON Six Democratic U.S. senators on Tuesday demanded Yahoo Inc explain why hackers' theft of user information for 500 million accounts two years ago only came to light last week and lambasted the company's handling of the breach as "unacceptable."


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