Stocks slid as 10-year Treasury yields hit the highly anticipated 3 percent mark for the first time in four years, stoking concerns over higher borrowing rates for companies already facing rising costs, and as quarterly results failed to deliver positive outlooks.
Business & Financial News, U.S & International Breaking News
James Comey's tell-all book sells 600,000 copies in first week
Fired FBI director James Comey's memoir that details his private meetings with U.S. President Donald Trump sold some 600,000 copies in all formats in its first week, its publisher said on Tuesday, the latest in a series of best-selling political books.
Shire, Takeda reach breakthrough in $64 billion deal talks
London-listed drugmaker Shire Plc said on Tuesday it was willing to recommend to its shareholders a deal with Takeda Pharmaceutical Co, after the Japanese company sweetened its acquisition offer to 46 billion pounds ($64 billion).
Trump says NAFTA talks going 'nicely,' Canada sees progress on auto rules
U.S. President Donald Trump said on Tuesday a new North American Free Trade Agreement could be agreed on quickly, as Canada hailed progress on forging new rules for the auto industry, the pivotal issue in talks to revamp the 24-year-old accord.
Rapper Meek Mill freed from U.S. jail after months-long campaign
Rapper Meek Mill, who had been incarcerated for five months on a probation violation, was released from a Pennsylvania jail on Tuesday, his attorney said, after the state's top court granted him bail, capping a star-laden campaign to have him freed.
U.S. environment agency proposes limits to science used in rulemaking
The U.S. Environmental Protection Agency proposed a rule on Tuesday that would limit the kinds of scientific research it can use in crafting regulations, an apparent concession to big business that has long requested such restrictions.
Facebook releases long-secret rules on how it polices the service
Facebook Inc on Tuesday released a rule book for the types of posts it allows on its social network, giving far more detail than ever before on what is permitted on subjects ranging from drug use and sex work to bullying, hate speech and inciting violence.
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Semi-nomadic herdsmen armed with guns killed 16 people on Tuesday in an attack on a church congregation in a central state of Nigeria plagued by communal violence, police said.
Voters in Arizona went to the polls on Tuesday in a special election to replace a longtime Republican member of the U.S. House of Representatives who was forced to resign over a sexual misconduct scandal.
Sinclair Broadcast Group Inc on Tuesday said it will sell 23 television stations to several companies after completing its $3.9 billion acquisition of Tribune Media Co .