Wall St. climbs as expectations shift on Fed policy

NEW YORK - U.S. stocks rose on Tuesday and the S&P notched its best performance in a month after a report shifted investor expectations for the Federal Reserve's policy statement due on Wednesday.

Recent Business News

U.S. auto regulators defend role in GM recall after report

WASHINGTON - Federal auto safety regulators came under scrutiny in a Senate hearing on Tuesday for their role in General Motors' failure to promptly report and recall cars with defective parts that led to at least 19 deaths.

4:57pm EDT

Weak gasoline, food prices dampen U.S. producer inflation

WASHINGTON - U.S. producer prices were flat in August, pointing to muted inflation pressures that should allow the Federal Reserve to bide its time as it considers when to raise interest rates.

11:36am EDT

U.S. CEOs gloomier about hiring, spending plans: survey

- U.S. chief executive officers are gloomier about their plans for hiring and capital expenditures over the next six months, and are more wary about their sales prospects, according to a quarterly survey from the Business Roundtable released on Tuesday.

11:27am EDT

Bank of America forgoes $6 billion with slimmer consumer strategy

NEW YORK - Bank of America Corp gave up about $6 billion in annual revenue by phasing out risky consumer banking products and eliminating certain fees, but the long-term impact on profits should be minimal, a top executive said on Tuesday.

2:32pm EDT

Allergan reaches truce with suitors on special shareholder meeting

- Allergan Inc has agreed not to throw up any roadblocks to a special shareholder meeting on Dec. 18, giving Pershing Square Capital Management a chance to attempt its threatened replacement of Allergan board members.

3:16pm EDT


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