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Weak earnings weigh on Wall Street; Fed awaited

U.S. stocks fell on Tuesday after weak results from a number of companies, including McDonald's and Gilead, dented investor sentiment.

Recent Business News

U.S. consumer confidence steady; new home sales near eight-and-a-half-year high

WASHINGTON U.S. consumer confidence held steady in July and new single-family home sales hit their highest level in nearly 8-1/2 years in June, suggesting sustained momentum in the economy.

11:22am EDT

Special Report: In Venezuela's murky oil industry, the deal that went too far

CARACAS/BOGOTA Even for Venezuela's notoriously opaque economy, it was a sweetheart deal that went too far. | Video

10:25am EDT

Brewer AB InBev raises offer for rival SABMiller

LONDON/BRUSSELS Anheuser-Busch InBev raised its $100 billion-plus bid for rival brewer SABMiller on Tuesday after a slide in the value of the pound following the Brexit vote made the offer less attractive for many investors, threatening to derail the deal. | Video

11:57am EDT

Volkswagen plans new fix proposal for 3.0 liter vehicles: Justice Department

WASHINGTON Volkswagen AG plans to offer a new proposal to fix 85,000 polluting 3.0 liter vehicles after regulators rejected an earlier plan, a Justice Department lawyer said Tuesday.

12:00pm EDT

Fiat Chrysler to invest $1.48 billion in Sterling Heights plant

Fiat Chrysler Automobiles NV said on Tuesday it would invest $1.48 billion in its Sterling Heights plant in Michigan to retool it to build next-generation Ram pickup trucks.

11:36am EDT


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