FOX News: Business
FOXBusiness.com - Breaking news and video. Latest Current News: News, Investing, Technology, Personal Finance, Business Leaders, Travel, On Air, Small Business.
Updated: 21 min 3 sec ago
France is sticking to its current deficit reduction plans and is not seeking extra time to bring its finances in line with EU rules, Finance Minister Pierre Moscovici said on Tuesday.
The euro zone economy is picking up slowly and there is no risk at the moment of deflation gripping the bloc, European Central Bank policymaker Gaston Reinesch said in a newspaper interview released on Tuesday.
Discover Financial Services revealed Tuesday its student-loan business is facing a government probe.
Microsoft Corp. may be close to buying a stake in Dailymotion, according to the Chief Executive of the French company that owns the video-streaming site.
There are no broad asset bubbles emerging at the moment that should cause the Federal Reserve to shift monetary policy at the moment, but the central bank must pay close attention to confront the threat to financial stability in the future, said Federal Reserve Governor Daniel Tarullo, on Tuesday.
Soon there will be no one for shale oil producers to sell to without relief from the crude oil export ban. This will cause investment in oil production capacity to drop and slow economic growth and future production.
J.P. Morgan Chase & Co. has lowered its profit target.
The U.S. consumer confidence index fell to 78.1 in February from a downwardly revised 79.4. in January, the Conference Board said Tuesday.
Consumer confidence fell in February as expectations worsened. Still, Americans' views on the labor market markedly improved.
Tech stocks were off to a mixed start Tuesday, with losses from sector leaders like Hewlett-Packard Co. , eBay Inc. and Microsoft Corp. .
Oil fell on Tuesday, weighed down by forecasts of rising U.S. crude inventories as icy weather eases, but persistent outages in Libya and other exporters underpinned global prices.
On a conference call with investors, Home Depot's chief financial officer lauded the decision by Wells Fargo to make home loans backed by the Federal Housing Administration easier to get, by lowering FICO scores to 600 from 642. "We think that will be very good particularly for those new households who are buying their first home," said Carol Tome.
President Barack Obama planned to announce on Tuesday that two new manufacturing institutes aimed at creating quality jobs would be located in Chicago and Detroit and be supported by $140 million in federal funds, the White House said in a statement.
LinkedIn Corp. has unveiled a new site in simplified Chinese as part of an aggressive push into the fast-growing market.
Investors thought highly of Zulily Inc. Tuesday, sending the online retailer's shares up more then 34%, to $56.62, following the company's first quarterly results since going public in November.
The U.S. stock market began Tuesday slightly lower after a report on home prices, which rose on a seasonally adjusted basis in December.
Cisco Systems Inc. bond prices rose Tuesday in their first day of trading after the largest corporate bond sale since September.
JPMorgan Chase boosted its plans to slash mortgage banking jobs as the largest U.S. bank dims its full-year profit targets.
General Motors Co, the biggest U.S. automaker, wants to avoid the recall of more than 200,000 of its new full-size Chevrolet and GMC pickup trucks, asking U.S. safety regulators to declare an electronic glitch as "inconsequential" to safety.
Fifth and Pacific Tuesday posted its quarterly results and said it would officially change its name to Kate Spade & Company.