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Wall St. extends bounce-back; S&P above key levels

NEW YORK - U.S. stocks rallied on Tuesday, with the S&P 500 on track for a fourth straight session of gains boosted by strong corporate results, including Apple's. | Video

Recent Business News

U.S. Fed awards record amount of term deposits

NEW YORK - The Federal Reserve awarded a record amount of seven-day term deposits to banks at a test auction held on Monday, it said in a statement on Tuesday.

1:34pm EDT

Staples says probing possible payment card data breach

- Staples Inc is investigating a possible breach of payment card data and has contacted law enforcement about the matter, making it the latest U.S. retailer to become a possible victim of a cyberattack.

1:27am EDT

Two more lawsuits filed against Honda, Takata for air bag defect

DETROIT - The recall crisis involving Takata-made air bags exploding with too much force and spraying occupants with metal shrapnel continues to grow, with two more lawsuits filed concerning accidents in older Honda cars.

11:28am EDT

EU fines JPMorgan, UBS, Credit Suisse for taking part in cartels

BRUSSELS - JPMorgan , UBS and Credit Suisse were fined a total of 94 million euros ($120 million) by the European Commission for taking part in cartels in the financial sector.

Tough U.S. rivalries, China food scandal pound McDonald's

- McDonald's Corp's - which has not given investors many reasons to sing the fast-food chain's "I'm lovin' it" jingle - on Tuesday said quarterly profit dropped by nearly one-third and warned that global restaurant sales will fall again in October. | Video

2:16pm EDT

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Why the U.S. is spending $1 trillion on nukes

The Congressional Budget Office estimates the 10-year costs of maintaining and modernizing our existing arsenal at $355 billion, with another $215 billion slated for "other nuclear-related activities."