Business

Photo

Stocks head for worst quarter since euro crisis, dollar reigns

LONDON - World markets were in hesitant mood on Tuesday as investors wondered what China's response would be to civil unrest in Hong Kong, while the U.S. dollar eased off the throttle after its biggest quarterly gain in six years.

Recent Business News

Lufthansa pilots' 15-hour strike affects 9,000 travelers

FRANKFURT - Lufthansa pilots threatened further strike action on Tuesday as they began a 15 hour walkout at Frankfurt airport in a row with management over retirement benefits that stretches back two years.

6:13am EDT

Retirement plan advisers set to flee Pimco after Gross exit

- Bill Gross's sudden departure from Pimco and the Total Return Fund he ran for 27 years was the last straw for Jim Phillips, president of Retirement Resources, a Peabody, Massachusetts-based firm that advises 401(k) plans with $50 million to $100 million in assets. He's advising clients to head for the exits.

1:28am EDT

Bank derivatives boom ahead of ECB test results as investors play safe

LONDON - Investors hopeful but not entirely confident that next month's European bank check will yield positive results are stacking up derivatives positions to balance optimism about the industry against worry over its performance in a faltering economy.

4:51am EDT

Euro zone inflation slows in September, weakens euro versus dollar

BRUSSELS - Euro zone inflation slowed further in September on falling prices of unprocessed food and energy, a first estimate showed on Tuesday, sending the euro lower against the dollar on expectations of further European Central Bank policy easing.

6:30am EDT

GM CEO to reveal multiyear financial strategy: WSJ

- General Motors Co's Chief Executive Officer Mary Barra will on Wednesday reveal a multiyear financial strategy that aims to boost the company's profits and launch "market leading" vehicles, the Wall Street Journal reported.

5:18am EDT

Markets

  • U.S.
  • Europe
  • Asia
  • Sectors

Sector Summary