NEW YORK - The Dow and S&P 500 fell on Tuesday as bank stocks slid on a broker warning about more losses at Citigroup and the Federal Reserve chairman has said mortgage delinquencies and foreclosures were likely to rise.
CUPERTINO, California - Apple Inc has no plans to declare a dividend or purchase back its stock, Chief Executive Steve Jobs told the annual meeting of shareholders on Tuesday, adding that iPhone sales were on track.
CUPERTINO, California - Apple Inc has no plans to declare a dividend or purchase back its stock, Chief Executive Steve Jobs told the annual meeting of shareholders on Tuesday, adding that iPhone sales were on track.
ORLANDO, Florida - Banks may have to swallow reductions in the principal of a few troubled home loans to ward off greater losses that could result from outright default, Federal Reserve Chairman Ben Bernanke has said on Tuesday.
WASHINGTON - Boeing Co demanded on Tuesday immediate answers on why it lost a $35 billion contract for refueling tankers to Northrop Grumman Corp and its European partner EADS , as Boeing backers in Congress threatened to hold up funding for the deal.
NEW YORK - About 23 percent of United States mobile phone users have seen advertising on their cell phones in the last 30 days and about half of them responded to the ads, according to a report from The Nielsen Co released on Tuesday.