NEW YORK (Reuters) - Wal-Mart Stores Inc reported a higher-than-expected profit on Tuesday as it controlled expenses and cut prices to draw customers into its U.S. stores earlier than ever for holiday shopping, sending its shares to their highest one-day gain in five years.
NEW YORK (Reuters) - Bank of America Corp, the second-largest U.S. bank, said on Tuesday it expects to write down $3 billion of debt in the fourth quarter as fallout from the nation's housing slump deepens.
NEW YORK (Reuters) - U.S. stocks snapped a four-day losing streak on Tuesday with Nasdaq notching its biggest gain in more than four years after news that Apple Inc was in talks to offer iPhones in China sent investors bargain hunting among battered technology stocks.
TORONTO (Reuters) - While China may be getting most of the attention -- and the blame -- for a rash of recent toy recalls, the majority of problematic toys in fact come from other countries, according to a new Canadian study.
NEW YORK (Reuters) - Countrywide Financial Corp on Tuesday said October mortgage loan volume fell 48 percent from a year earlier, but credit quality has begun to stabilize as the largest U.S. mortgage lender curtails riskier home loans.
ATLANTA (Reuters) - Top home improvement retailer Home Depot Inc posted a 27 percent drop in third-quarter quarter profit and forecast a steeper fall in full-year earnings on Tuesday as the slumping U.S. housing market cut into sales and it lost market share.
NEW YORK (Reuters) - Shareholders of both XM and Sirius satellite radio on Tuesday voted in favor of a planned $4.8 billion merger that awaits approval by the federal government.
NEW YORK (Reuters) - Morgan Stanley expects revenue and common equity growth to slow next year amid a more challenging environment, the company's chief financial officer said at a conference on Tuesday.
NEW YORK (Reuters) - Mild weather last month made buying winter clothing a low priority for U.S. shoppers, which restrained retail sales growth, a report showed on Tuesday.
(Reuters) - Sun Capital Securities Group LLC said it was considering making a hostile bid for Kellwood Co at $21.00 per share in cash after the apparel maker's board rejected its offer.
