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Wall Street flat as banks gain, utilities drag

Wall Street was little changed in choppy trading on Tuesday, as gains in bank and telecom stocks were offset by losses in utilities and materials.

Recent Business News

Blackstone's Schwarzman sees historic regulatory overhaul from Trump

Blackstone Group LP Chairman and CEO Steve Schwarzman said on Tuesday he expected to see a "very substantial reversal of regulations of all types," for the financial sector, following Donald Trump's U.S. presidential election victory.

Politics, Election 2016 2:44pm EST

U.S. Supreme Court backs Samsung in smartphone fight with Apple

The U.S. Supreme Court on Tuesday sided with Samsung in its big-money smartphone patent fight with Apple, throwing out an appeals court ruling that the South Korean company had to pay a $399 million penalty to its American rival for copying key iPhone designs.

Tech, South Korea 1:33pm EST

A shift from yoga pants may leave Lululemon investors in a sweat

SAN FRANCISCO Mutual funds that bought Lululemon Athletica's stock in recent months may find themselves in a cold sweat if the retailer's quarterly report on Wednesday shows strong signs that leggings and other yoga apparel are falling out of fashion.

1:06pm EST

Chipotle says new director slate due 'shortly,' recovery lags

LOS ANGELES Chipotle Mexican Grill Inc , amid activist pressure to revamp its board and revive sales following last year's string of food safety lapses, will "shortly" announce a new slate of directors, founder and co-chief executive Steve Ells said on Tuesday.

1:31pm EST

Exclusive: Italy preparing to take controlling stake in Monte dei Paschi - sources

ROME Italy is preparing to take a 2 billion euros controlling stake in Monte dei Paschi di Siena as the bank's hopes of a private funding rescue fade following Prime Minister Matteo Renzi's decision to quit, two sources close to the matter said on Tuesday.

Deals, Italy 2:15pm EST

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