Wall Street ends down; Twitter rallies after-hours

NEW YORK - Stocks fell on Tuesday, dropping in a broad selloff as a weak outlook from courier company UPS weighed on sentiment and pressured transportation stocks.

Recent Business News

Ex-Im internal watchdog finds no proof of systemic corruption

WASHINGTON - There is currently no evidence of widespread fraud within the U.S. Export-Import Bank, its internal watchdog said, as critics of the bank flagged a wider probe of corruption claims.

U.S. trial over S&P ratings could begin in September 2015, take 4 months

SANTA ANA CALIFORNIA - A trial on the U.S. government's $5 billion lawsuit against Standard & Poor's over the company's ratings of mortgage bonds prior to the 2008 financial crisis could begin in September 2015 and last four months, the federal judge overseeing the case said on Tuesday.

5:52pm EDT

Prosecutors, defense spar over $150 billion forfeiture for Madoff aides

NEW YORK - Four months after five former Bernard Madoff aides were convicted of helping conceal his massive Ponzi scheme, their lawyers and U.S. prosecutors are still fighting over the trial's key question: What did they know, and when did they know it?

5:50pm EDT

VW set to overtake Toyota as global auto leader

TOKYO - Volkswagen is poised to overtake Toyota Motor Corp as the global leader in vehicle sales, with a rapid expansion drive in China - the world's biggest auto market - while Toyota curbs growth to focus on shoring up quality.

5:01pm EDT

In China food testing, safety inspectors are often one step behind

SHANGHAI/HONG KONG - When inspectors visited Shanghai Husi Food Co Ltd earlier this summer, the production line at the plant now at the centre of an international food scandal appeared in good order, with fresh meat being handled by properly-attired workers and supervisors keeping a watchful eye over the process.

5:48pm EDT


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