FOX News: Business

BlackBerry Ltd unveiled a new, cheaper touchscreen smartphone and a "classic" model with a keyboard on Tuesday, as it tries to stem losses and win back a once devoted following by security-conscious business and government users.

Prices for single-family homes in December rose slightly more than Wall Street expected from the previous month.

Macy's reported higher quarterly profit after posting one of the best sales performances among retailers during the holidays.

U.S. home prices ticked down 0.1% in December, declining for a second month, with 11 of 20 tracked cities posting drops, according to data released Tuesday.

The Pentagon said on Monday it would shrink the U.S. Army to pre-World War Two levels, eliminate the popular A-10 aircraft and reduce military benefits in order to meet 2015 spending caps, setting up an election-year fight with the Congress over national defense priorities.

Toll Brothers Inc, the largest U.S. luxury homebuilder, reported a 52 percent jump in quarterly revenue as it sold more houses at higher prices in a recovering housing market.

Walt Disney Co has launched Disney Movies Anywhere, a service for consumers to buy and watch Disney, Pixar and Marvel films online and store them in the cloud, in the latest bid by a Hollywood studio to encourage digital movie purchases.

Macy's Inc. said on Tuesday that its fourth-quarter profit rose to $811 million, or $2.16 a share, from $730 million, or $1.83 a share, a year earlier.

The person behind the @GSElevator Twitter handle has been revealed as a 34-year-old former bond executive living in Texas named John Lefevre, according to a report in The New York Times.

U.S. stock-index futures slumped on Tuesday after a rally in the last session propelled the S&P 500 to new highs. 

The second-largest U.S. pizza chain, reported a 5% pick up in quarterly revenue as new menu items helped boost sales around the world.

Stock futures eased as investors looked to consumer-confidence data, a gauge of home prices, and Fed speakers on Tuesday.

Home Depot Inc reported weaker-than-expected sales in the fourth quarter as inclement weather hurt traffic to its stores in the United States, and its shares fell on Tuesday.

The head of the Alabama Securities Commission late Monday issued an "early warning" about the use and high financial risks surrounding bitcoin.

Home Depot Inc. on Tuesday lifted its quarterly dividend by 21% and said earnings per share rose in the fiscal fourth quarter.

Home Depot unveiled better-than-expected quarterly profits, but sales trailed views. The firm also hiked its dividend 21%.

J.P. Morgan Chase & Co. could cut several thousand more jobs, un plans that could be announced at Tuesday's investor day, the Financial Times reported, citing sources.

European stock markets fell from a six-year closing high on Tuesday, with mining firms sliding as metals prices weakened and Vivendi SA dropping after an earnings report.

Bitcoin trading on the popular Mt.

“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one,” said Charles MacKay in his classic book the Madness of Crowds.…Read