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Wall Street falls as energy shares decline

NEW YORK - U.S. stocks were mostly down on Tuesday, retreating from record highs set the previous month, as energy shares were hit by the fall in crude oil to a 15-month low.

Recent Business News

Hugo Boss says Permira to place 11.2 percent Hugo Boss stake

FRANKFURT - German retailer Hugo Boss on Tuesday said an investment company controlled by private equity investor Permira[PERM.UL] is placing up to 7.9 million Hugo Boss shares.

2:53pm EDT

GE, IMI, buyout funds line up bids for Italy's Petrolvalves: sources

LONDON - General Electric , UK engineer IMI and buyout funds CVC and First Reserve are preparing binding offers for Italian valve maker Petrolvalves, sources familiar with the situation said. Industry rival Emerson Electric Co , described by one source as a "motivated" bidder, could also participate in the final round of the auction, launched earlier this year by the Candiani family which wants to sell its majority stake.

Deals, Italy 2:44pm EDT

Halliburton to settle U.S. Gulf spill claims for $1.1 billion

- Halliburton Co , North America's top oilfield services provider, said it reached a $1.1 billion settlement for a majority of claims related to its role in BP Plc's oil spill in the Gulf of Mexico in 2010.

2:47pm EDT

Manufacturing, construction data point to sturdy U.S. growth

WASHINGTON - U.S. manufacturing activity hit a nearly 3-1/2-year high last month and construction spending rebounded strongly in July, signs the economy entered the third quarter on strong footing.

2:20pm EDT

Switzerland urged to step up fight against ill-gotten funds

BERNE - Switzerland is not doing enough to rid itself of ill-gotten funds, despite loosening its banking secrecy, and should now beef up its law against money laundering, an global corruption watchdog said on Tuesday.

12:40pm EDT

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How letting women fail can help them succeed

For women, fear of failure isn't an irrational position. Instead, it’s more likely a reaction to social pressures that tell them they will be more harshly judged than their male peers on their perceived missteps.