NEW YORK (AP) - Stock futures grew choppy Tuesday after Hewlett-Packard revealed that it was the victim of a massive fraud related to an acquisition and took a huge hit to its latest quarterly earnings.
After a mostly positive morning, the Dow Jones industrial futures fell 18 points to 12,720. The
By MAE ANDERSONAP Retail Writer
NEW YORK (AP) - Struggling Best Buy Co. reported another dismal quarter on Tuesday, recording a third quarter loss and continued sales slump just as the crucial holiday season revs up.
Adjusted for restructuring charges, it earned 3 cents per share, well below
NEW YORK (AP) - Activist investor Carl Icahn bumped up his stake in Chesapeake Energy, a company where he has already pushed for sweeping changes in governance.
Shares rose 1.6 percent Tuesday before the opening bell.
A regulatory filing shows Icahn now owns 8.98 percent, compared with a 7.6
By ROBERT BARRAssociated Press
LONDON (AP) - A rogue trader who lost $2.2 billion in bad deals at Swiss bank UBS was sentenced to 7 years in prison Tuesday after being convicted in what prosecutors called the biggest fraud case in U.K. banking history.
Ghanaian-born Kweku Adoboli, 32, exceeded
GENEVA (AP) - Shareholders in Glencore International PLC, one of the world's biggest commodity traders, have voted to approve a merger with Anglo-Swiss mining company Xstrata PLC.
The company says the deal won approval from 99 percent of Glencore's investors. Xstrata shareholders will vote
DEARBORN, Mich. (AP) - GE is buying 2,000 plug-in hybrid cars from Ford for its corporate fleet.
Ford and GE announced the purchase of the C-Max Energi hybrid Tuesday.
GE has set a goal of converting half its fleet to alternative energy vehicles. With the Ford purchase, GE now has 5,000 alternative
By MAGGIE MICHAELAssociated Press
CAIRO (AP) - Egyptian authorities arrested more than 300 children during protests in Cairo over the past year, beating and torturing some and trying many as adults, a leading international rights group said Tuesday.
Human Rights Watch said in a report that the
By MIKE CORDERAssociated Press
THE HAGUE, Netherlands (AP) - Dope-selling coffee shops in Amsterdam won't be shutting their doors to foreign visitors any time soon, a huge relief to the hundreds of thousands of tourists who enjoy a toke or two in the Dutch capital alongside their excursions
By RAPHAEL SATTERAssociated Press
LONDON (AP) - Two former confidants of Britain's prime minister have been charged with conspiring to pay public officials in exchange for stories and information - the latest development in the country's establishment-shaking scandal over media
GENEVA (AP) - Credit Suisse Group says it is overhauling its investment banking division and merging its private banking and wealth management arms to cut costs and satisfy regulators.
Switzerland's second-largest bank, which has been shedding thousands of jobs to counter falling profits,