Energy sector shows signs of life after selloff

NEW YORK - Energy shares were trading higher on Wall Street Tuesday, putting the S&P energy index on track for a second straight day of gains as oil prices showed signs of stabilizing.

Recent Business News

U.S. auto regulators played key role in GM recalls, report says

WASHINGTON - Federal auto safety regulators played a significant role in General Motors Co's failure to promptly report and recall cars with defective parts that led to at least 19 deaths, a congressional report said on Tuesday.

9:26am EDT

GM's Opel to cut Russia production as slowdown bites

BERLIN - Opel Group, the European arm of General Motors , is cutting production and shedding around 500 jobs in Russia, hit by the weak Russian rouble and a plunge in local demand due to a slowing economy and Western sanctions.

8:59am EDT

UPS to hire up to 95,000 temp workers for holiday season

- United Parcel Service Inc is almost doubling the number of seasonal employees it hires for this year's holiday shopping season as it aims to avoid a repeat of last year's network breakdown during the crucial period.

9:55am EDT

Calpers dumps hedge funds citing cost, to pull $4 billion stake

- The California Public Employees' Retirement System, the largest U.S. pension fund, said on Monday that it will pull all $4 billion it has invested in hedge funds because it finds them too costly and complicated.

Money, Deals 8:02am EDT

European stress tests to challenge banks' political defences

DUBLIN/FRANKFURT - For the first time since its financial crisis struck in 2008, Europe is carrying out stress tests that could force change at banks with strong political connections.

10:30am EDT


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