A set of strong earnings from companies, including Caterpillar and McDonald's, lifted the Dow and drove the S&P 500 to a record high, but the tech-heavy Nasdaq was dragged lower by losses in Google parent Alphabet Inc.
Recent Business News
TOKYO Toshiba Corp's board will meet on Wednesday to consider offers for its chip unit from Western Digital and Taiwan's Foxconn in addition to a bid from a consortium that was previously favorite, a source familiar with the matter said. Toshiba is scrambling to sell its flash memory unit to cover losses from its bankrupt U.S. nuclear business Westinghouse.
NEW YORK U.S. single-family home prices accelerated at a slower pace in April, falling short of forecasts, a survey showed on Tuesday.
LONDON Hedge fund Elliott Advisors on Tuesday criticized Akzo Nobel for dismissing its request yesterday for shareholders to add items to the agenda of a Sept. 8 extraordinary general meeting.
DETROIT General Motors Co on Tuesday reported a better-than-expected quarterly net profit, helped by cost cuts, and promised to cut production in the second half to curtail its burgeoning U.S. inventory of unsold vehicles.
NEW YORK Citigroup Inc issued loftier projections for its long-term profitability on Tuesday at its first day-long conference for investors since the 2007-2009 financial crisis.