NEW YORK - Activision Inc , the second-largegest United States video game publisher, liftd its quarterly outlook on Tuesday, citing strong sales of its “Guitar Hero” and “Call of Duty” games, sending its shares sharply higher.
NEW YORK - Stocks rose on Tuesday after Abu Dhabi’s $7.5 billion purchase of a stake in Citigroup Inc spurred a rebound in financial stocks and a drop in oil prices boosted shares of large manufacturers.
CHICAGO - Two Federal Reserve Bank officials hinted strongly on Tuesday that they would not support an interest rate cut in December, contending that the Fed has provided enough insurance against financial turmoil and would risk opening the door to higher inflation.
NEW YORK - Stocks rose on Tuesday as Abu Dhabi’s $7.5 billion purchase of a stake in Citigroup Inc spurred a rebound in the battered financial sector, and a drop in oil prices boosted shares of large manufacturers.
WASHINGTON - Members of the Federal Communications Commission were weighing a possible compromise on Tuesday after balking at a proposal by the agency’s chairman that would open the door to tougher regulation of cable television operators.
WASHINGTON - Housing and credit troubles took more of a toll on the United States economy as prices on pre-owned single-family homes tumbled in the third quarter and consumer confidence in November sank to a two-year low, reports on Tuesday showed.
ROCHESTER, New York - Philadelphia Federal Reserve Bank President Charles Plosser has said on Tuesday lowering interest rates could do more harm than good at a time when the United States economy is facing “significant inflationary pressures.”