Investors focused on Washington Tuesday, nudging stocks downward while they await word on a budget deal and the Federal Reserve began a two-day meeting.
BlackBerry is losing its head of global sales and two other top executives just days before quarterly figures are expected to show steep losses.
A U.S. builders' confidence index gained four points in December, a welcome improvement, the National Association of Home Builders said Tuesday.
Since the merger between American Airlines and US Airways closed, American's new CEO Doug Parker has been asked over and over again if he'll keep the new livery unveiled last January.
Shares of Herbalife rose to an all-time high Tuesday after the nutritional supplement company announced that a re-audit of more than three years of its financial results found no material changes to its prior financial statements.
Honeywell expects profit and revenue to increase next year, though the company's revenue projection fell just shy of Wall Street's and shares slipped in early trading Tuesday.
Falling gasoline prices kept U.S. consumer prices flat in November. Inflation remains low across the broader economy, giving the Federal Reserve latitude to continue its extraordinary stimulus program.
Under Chairman Ben Bernanke, the Fed has aggressively bought bonds to try to cut borrowing rates and accelerate spending, investing and hiring. Its critics say low interest rates have produced an economic sugar high that risks another crash.
Retiring General Motors CEO Dan Akerson says the government bailout of his company was a net gain for taxpayers, even though they lost $10.5 billion in the deal, so company has no plans to make good on the loss.
The Federal Reserve Board of Governors said it has reappointed Barbara Mowry as chairwoman and has appointed Steve Maestas as deputy chairman of the Kansas City Federal Reserve Bank.
Five General Motors factories, including its assembly plant in Flint, Mich., will soon share in a $1.3 billion investment so they can make higher-quality pickup trucks and new fuel-efficient engines and transmissions.
Forty years after the first woman entered the Lloyd's of London dealing floor as a broker, the 325-year-old insurance market has named its first female boss.
The general business index for the manufacturing sector in New York was flat in December, the Federal Reserve Bank of New York said Monday.
The Fed's monetary policy announcement on Wednesday will dominated a week with critical economic reports. Just a suggestion that the Fed could taper down its quantitative easing has kept investors hinky since June.
Business indexes in the eurozone in December pushed the region's PMI to the highest level in 10 quarters, Markit Economics said Monday.