Wall Street flat as telecom gains offset by earnings

NEW YORK - U.S. stocks were little changed on Tuesday after a rally in the telecommunications sector lost steam and a lower earnings forecast from UPS weighed on sentiment.

Recent Business News

Pfizer leaves investors guessing on intentions for Astra

- Pfizer Inc, which in May abandoned its $118 billion bid to buy AstraZeneca Plc, on Tuesday left investors guessing whether it would renew its pursuit of its British rival, but said it was considering other deals. | Video

2:42pm EDT

JPMorgan to cut tech support jobs as revenue dips: Bloomberg

- JPMorgan Chase & Co , the biggest U.S. bank by assets, is slashing its technology support workforce in corporate and investment banking division following a revenue dip, Bloomberg News reported, citing people familiar with the matter.

10:42am EDT

U.S. seasonally adjusted home prices fall in May: S&P/Case-Shiller

NEW YORK - U.S. single-family home prices fell in May on a seasonally adjusted basis, falling short of expectations calling for a slight gain, a closely watched survey said on Tuesday.

9:23am EDT

Tyson to sell Mexico, Brazil poultry businesses to JBS

- Tyson Foods Inc said on Monday it would sell its Mexican and Brazilian poultry businesses to JBS SA for $575 million and use the proceeds to pay down debt from its pending $7.7 billion purchase of Hillshire Brands Co.

Deals, Brazil, Mexico 2:31pm EDT

Exclusive: Goldman unit eyes foray into China amid metals financing scandal

NEW YORK/SYDNEY/LONDON - Goldman Sachs Group Inc's metals warehousing unit is exploring its first foray into China, and privately held C Steinweg has expanded capacity there, sources said, as a financing scandal in a major Chinese port fuels a scramble for market share.

1:52pm EDT


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