LOS ANGELES (Reuters) - General Motors Corp said on Tuesday it would book a $39 billion non-cash charge in the third quarter related to deferred tax assets in the United States, Canada and Germany.
NEW YORK (Reuters) - Nasdaq Stock Market Inc has agreed to buy the Philadelphia Stock Exchange, which operates the third-largest U.S. equity options market, for about $650 million, two people familiar with the matter said on Tuesday.
NEW YORK (Reuters) - Stocks rose on Tuesday as oil prices topped $97 a barrel and lifted shares of Exxon Mobil Corp and other energy producers, while optimism a day ahead of Cisco Systems Inc earnings drove another rally in technology shares.
WASHINGTON (Reuters) - Yahoo Inc's chief executive was verbally lashed by U.S. lawmakers on Tuesday over the Internet company's role in helping identify a Chinese dissident who was later imprisoned by the government.
SEATTLE (Reuters) - Microsoft Corp. said on Tuesday it dismissed Chief Information Officer Stuart Scott, who ran the company's own information technology department, for violating unspecified company policies.
NEW YORK (Reuters) - Philadelphia Federal Reserve Bank President Charles Plosser, who indicated a reluctance to lower rates at the Fed's last rate-setting meeting, said it would take a drastic fall in economic growth for him to support another rate cut.
NEW YORK (Reuters) - IndyMac Bancorp Inc , one of the largest independent U.S. mortgage lenders, posted a quarterly loss on Tuesday that was more than five times larger than it had projected, hurt by mounting delinquencies and a collapse in demand to buy its home loans.
WASHINGTON (Reuters) - Leland Brendsel, the former chief executive of Freddie Mac , will forego or return over $15 million in compensation in a settlement announced by the mortgage finance company's regulator on Tuesday.
NEW YORK (Reuters) - Citigroup Inc on Tuesday named Richard Stuckey, who helped stabilize the Long-Term Capital Management LP hedge fund, to fix its troubled subprime mortgage portfolio, which is expected to record a fourth-quarter loss for the largest U.S. bank.
NEW YORK (Reuters) - Molson Coors Brewing Co said on Tuesday quarterly net profit fell slightly on one-time items and weak sales in Britain, helping to push the brewer's shares down as much as 4 percent.
