Business News Headlines

Earnings lift Wall Street slightly at open


NEW YORK - U.S. stocks rose slightly at the open on Tuesday following better-than-expected results from companies such as Pfizer and Merck and ahead of data on consumer sentiment.

9:43am EDT

A mixed quarter for bets on U.S. stock volatility


NEW YORK - With some of Wall Street's more volatile names set to report in the next couple of days, traders who bet on big swings in shares are hoping to see moves more like Facebook than Netflix.

10:39am EDT

JPMorgan to cut tech support jobs as revenue dips: Bloomberg


- JPMorgan Chase & Co , the biggest U.S. bank by assets, is slashing its technology support workforce in corporate and investment banking division following a revenue dip, Bloomberg News reported, citing people familiar with the matter.

10:42am EDT

Rural votes, old traumas drive India's WTO brinkmanship


NEW DELHI - With grain silos spilling over, exports on the rise and an avowed market champion for prime minister, India's threat to trash a global trade deal in the name of food security appears puzzling.

8:52am EDT

Apple updates MacBook Pro laptops, cuts price of older model


- Apple Inc said it updated its MacBook Pro line of laptops with a high-resolution Retina display, faster processors and higher memory for a starting price of $1,299.

9:09am EDT

U.S. seasonally adjusted home prices fall in May: S&P/Case-Shiller


NEW YORK - U.S. single-family home prices fell in May on a seasonally adjusted basis, falling short of expectations calling for a slight gain, a closely watched survey said on Tuesday.

9:23am EDT

China regulator announces anti-monopoly probe of Microsoft


BEIJING - A Chinese regulator said on Tuesday it is conducting an anti-monopoly investigation into Microsoft Corp over its Windows operating system, in the latest in a growing number of competition probes that have unnerved Western firms in China.

7:52am EDT

Exclusive: Goldman unit eyes foray into China amid metals financing scandal


NEW YORK/SYDNEY/LONDON - Goldman Sachs Group Inc's metals warehousing unit is exploring its first foray into China, and privately held C Steinweg has expanded capacity there, sources said, as a financing scandal in a major Chinese port fuels a scramble for market share.

1:12am EDT

NY Times forecasts further decline in print ad revenue


- The New York Times Co reported a dip in second-quarter revenue as print advertising revenue erased the previous quarter's rise, and the company expects print ad revenue to continue to decline in the future.

10:43am EDT

U.S. regulators looking into UBS, Deutsche Bank speed trading operations


FRANKFURT/ZURICH - Germany's Deutsche Bank and Switzerland's UBS said they were caught up in an inquiry by U.S. regulators, who are looking into whether broker-run stock exchanges gave an unfair advantage to high-frequency traders. | Video


Key retirements mean a changing of the guard next year in U.S. Congress

Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.