Earnings cloud drags down Dow; Nasdaq gains on biotech M&A

- U.S. stocks were a mixed bag on Tuesday, with the Dow ending lower after a handful of uninspiring earnings reports while the Nasdaq closed near a record high following a proposed biotech merger.

Recent Business News

Wary of brinkmanship, euro zone steers away from new deadlines for Greece, official says

BRUSSELS - Euro zone finance ministers will not set any deadline for Greece to come up with reforms to get more funding because such time limits lead to brinkmanship in negotiations, a senior euro zone official said on Tuesday.

4:50pm EDT

U.S., UK aim for Deutsche Bank Libor settlement on Thursday: sources

FRANKFURT - U.S. and British officials are preparing to announce a settlement with Deutsche Bank AG as soon as Thursday over allegations it tried to rig benchmark interest rates such as Libor, two sources with knowledge of the matter said.

Banks' first-quarter trading revenue prompts cautious optimism

LONDON - Trading revenue from the world's biggest banks showed signs of recovery in the first quarter as financial market volatility boosted dealing room profits after years of attrition.

12:03pm EDT

Ferrero facing no succession problem, not interested in selling

MILAN - Italian confectionery group Ferrero is facing no succession problem after the death of its owner, Michele Ferrero, and the family owners of the Nutella empire are not interested in selling, Chairman Francesco Paolo Fulci said on Tuesday.

1:30pm EDT

U.S. regulator wants better deposit data from big banks

WASHINGTON - The largest U.S. and foreign banks would need to keep track of deposits better under a plan launched by the Federal Deposit Insurance Corporation on Tuesday, as many lenders have grown and become more complex.


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