NEW YORK - U.S. stocks were modestly lower on Tuesday on profit-taking after the S&P 500 index climbed to a record in the prior session and on caution the Federal Reserve may end its stimulus sooner than expected.
Recent Business News
- Wal-Mart Stores Inc on Tuesday said the head of its Canadian division would take over the retailer's international unit next year, succeeding Doug McMillon, who was named CEO of the company last month.
WASHINGTON - Emerging markets could adjust to the withdrawal of the Federal Reserve's massive monetary stimulus as long as it happens gradually, World Bank President Jim Yong Kim said on Tuesday.
PARIS - French spirits group Pernod Ricard expects a "positive" holiday season in the United States, its largest market, amid improving consumer sentiment and declining unemployment, its regional head said on Tuesday.
MILAN - Alitalia finally secured the 300 million euros ($412 million) it needs to keep flying over Christmas, a source said on Tuesday, concluding a drawn-out capital raising that showed how much work the airline has to convince investors it can survive.
Reuters reports that GM's current CEO, Daniel Akerson, will step down on January 15 and be replaced by the company's global product development chief, Mary Barra.