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Wall St. rises on earnings optimism, lira rebound

Wall Street's three major indexes rose on Tuesday with the S&P 500 posting its strongest gain in three weeks as a string of healthy earnings boosted investor optimism and a rebound in the Turkish lira eased contagion fears.

Recent Business News

Kroger to sell private label products in China through Alibaba

Kroger Co has partnered with Alibaba Group Holding Ltd to sell its private label products on the e-commerce giant's Tmall platform in China, making its first venture outside the United States.

Tech, China 2:57pm EDT

Royal Bank of Scotland pays $4.9 billion for crisis-era misconduct

WASHINGTON Royal Bank of Scotland will pay $4.9 billion to settle U.S. claims that it misled investors on residential mortgage-backed securities between 2005 and 2008, the U.S. Justice Department said on Tuesday.

4:09pm EDT

IATA still pursuing complaint against Honeywell after CFM deal

BRUSSELS The International Air Transport Association (IATA) is pursuing its complaint against Honeywell to EU antitrust regulators, it said on Tuesday, even as the air transport group struck a deal over a similar grievance with engine maker CFM.

3:16pm EDT

Sprint partners with LG to launch 5G smartphone in 2019

Sprint Corp said Tuesday it has partnered with phone manufacturer LG Electronics Inc to launch a 5G smartphone in the first half of next year, marking the first 5G device deal for the No. 4 U.S. wireless carrier.

3:51pm EDT

Coca-Cola bets on Kobe sports drink in fight with Gatorade

Coca-Cola Co is buying a minority stake in a sports drink brand backed by basketball star Kobe Bryant, it said on Tuesday, seeking to mount a stronger challenge to PepsiCo's Gatorade.

12:07pm EDT

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