Wall St. opens lower after strikes in Syria

NEW YORK - U.S. stocks opened lower on Tuesday, putting the S&P on pace for a third straight fall, as conflict in the Middle East intensified and after the U.S. Treasury moved to curb "tax inversion" deals.

Recent Business News

AstraZeneca, Shire dive as U.S. tax move punctures deal hopes

LONDON - Shares in drugmakers AstraZeneca and Shire fell sharply on Tuesday after the U.S. Treasury took steps to curb "inversion" deals that allow companies to escape high U.S. taxes by reincorporating abroad.

7:43am EDT

Munich prosecutors charge Deutsche Bank's Fitschen

FRANKFURT - German prosecutors have filed charges against Deutsche Bank co-Chief Executive Juergen Fitschen and several former bank executives in connection with the Kirch media group's long-running bankruptcy case.

Tesco parachutes in new finance boss to fix accounting scandal

LONDON - Tesco rushed its new chief financial officer into place on Tuesday, trying to shore up a leadership team badly damaged by the accounting mistake revealed on Monday that knocked millions off the company's profits and billions from its share price.

9:01am EDT

Barclays fined $62 million for client fund failings

LONDON - British bank Barclays was fined 38 million pounds ($62 million) on Tuesday for exposing customers to unnecessary risks by failing to ensure client assets were properly safeguarded and adequate records kept.

Breaking with tradition, Philips splits off lighting

AMSTERDAM - Philips , the Dutch conglomerate that started life making light bulbs 123 years ago, is splitting off its lighting business in a bold step to expand its higher-margin healthcare and consumer divisions. | Video

7:08am EDT


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