Wall Street falls from latest records after soft auto sales

NEW YORK - U.S. stocks fell on Tuesday, a day after S&P and Dow hit records and Nasdaq retreated after hitting a 15-year milestone after soft car sales data and Iran commentary worried some investors.

Recent Business News

Oil up on Libya; U.S. crude volatile before inventory data

NEW YORK - Oil rebounded on Tuesday from the previous session's tumble, lifted by fighting that threatened Libya's oilfields, although U.S. crude struggled to hold to gains due to record crude inventories.

11:59am EST

Apple edges out Samsung in global smartphone sales: Gartner

- Apple Inc sold the most number of smartphones globally in the fourth quarter, overtaking Samsung Electronics Co Ltd for the first time since 2011, according to research firm Gartner.

11:53am EST

Buffett questions putting activist on GM board

DETROIT - Berkshire Hathaway Chief Executive Warren Buffett, one of the largest shareholders in General Motors Co , said on Monday he would be wary of putting former U.S. autos task force member Harry Wilson or anyone else on the company's board if the focus was on the short-term performance of the automaker. | Video

1:32pm EST

EBRD to launch funding in Greece, promoting enterprise

BRUSSELS - The European Bank for Reconstruction and Development will launch a five-year program of loans and investments in Greece that EU governments hope can foster enterprise and growth to help revive an economy hobbled by public-sector debt.

11:26am EST

Barclays will cut investment bank again if performance doesn't improve

LONDON - Barclays Plc chief Antony Jenkins has threatened more cuts to its underperforming investment bank after a 750 million pounds ($1.2 billion) charge by the British bank provided fresh evidence of the costs of past misdemeanors by its traders. | Video

10:30am EST


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