Wall Street rose after economic reports showed that although the economy continues to weaken, the downward curve may be tapering off in some sectors.
Apple said it would begin selling song downloads without anticopying measures and change its pricing structure.
The judges ordered that the former chief executive, Jeffrey K. Skilling, convicted for his role in the once-mighty energy giant’s collapse, be resentenced.
The Fed feared that the economy would be stuck in a painful rut for some time despite its decision to slash rates to record lows.
AP - James Kroeker has been promoted to acting chief accountant at the Securities and Exchange Commission to replace the retiring incumbent, the agency announced Tuesday.
Reuters - Gains in the tech sector lifted U.S. stocks on Tuesday, offsetting another batch of weak data showing slumping factory orders and dismal pending home sales.
Canada's Dorel Industries Inc. is launching a new division to manufacture and sell car seats in Brazil, the company announced Tuesday.
Bernard L. Madoff tried to hide at least $1 million in assets from investigators, prosecutors told a judge.
The mystery is why so many wealthy people handed over so much money with so little due diligence.
AP - Wall Street proceeded cautiously Tuesday, with stocks rising moderately following disappointing readings on pending home sales and factory orders.
Adolf Merckle’s speculation in volatile Volkswagen shares pushed his sprawling business empire to the edge of ruin.
Russia’s gas price dispute with Ukraine escalated, disrupting deliveries to the European Union in the midst of a bitter cold spell.
Reductions in supply by Russia's state gas company halted natural gas flow to several European countries Tuesday and severely cut back supply to others amid a price dispute with Ukraine.
AP - Secretary of State Condoleezza Rice will travel to New York and the United Nations on Tuesday in a bid to broker a sustainable cease-fire as soon as possible to end the crisis in Gaza.
Time Warner Cable extended a deal to carry CBS television stations, CBS said, avoiding what could have been another heated industry dispute.
AP - World stock markets rose Tuesday as the New Year optimism continued amid relatively positive corporate news, particularly from the struggling British retailing sector, and despite some dismal U.S. economic data.
Canadian companies decided to hold off new financings and mergers in 2008, according to two separate reports released Tuesday.
The Institute for Supply Management said its services sector index rose as new orders and employment picked up. Another report showed pending home sales fell to a 7-year low.
AP - Share prices on the London Stock Exchange closed up Tuesday.
Ottawa should spend $32.9 billion, or 2.1 per cent of GDP, in 2009 to stimulate the Canadian economy in 2009, the Canadian Centre for Policy Alternatives suggests. It says the economy would get a three per cent boost and 407,000 jobs would be created.
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