WASHINGTON (Reuters) - Lenders will have to confirm that a borrower can afford a mortgage before making a loan under protections proposed by the Federal Reserve on Tuesday, following defaults and losses on U.S. subprime mortgages this year.
DETROIT (Reuters) - General Motors Corp said on Tuesday it will offer a new round of buyouts to some U.S. hourly workers, making way for the automaker to hire new employees at lower wages.
NEW YORK (Reuters) - Stocks rose on Tuesday as investors bought beaten-down shares of technology heavyweights such as IBM and Microsoft Corp on hopes that the tech sector would weather the impact of the credit crisis.
NEW YORK (Reuters) - Goldman Sachs Group Inc said on Tuesday fourth-quarter earnings rose 2 percent, beating expectations and capping a record year, but its shares fell more than 3 percent after it gave a cautious outlook.
WASHINGTON (Reuters) - The Pentagon said on Tuesday it awarded more than $2.6 billion worth of contracts to BAE Systems Plc, Force Protection Inc and a Navistar International Corp unit to build another 3,126 mine-resistant vehicles for U.S. soldiers.
SEATTLE (Reuters) - Take-Two Interactive Software Inc said on Tuesday it cut its quarterly net loss in half, but the publisher of games such as "BioShock" gave an outlook that fell short of Wall Street expectations, and its shares fell 4 percent.
WASHINGTON (Reuters) - U.S. housing starts fell 3.7 percent in November, with construction of single-family homes sliding to the lowest level in more than 16 years as builders scrambled to cope with a deep drop in sales.
LOS ANGELES (Reuters) - Darden Restaurants Inc reported a nearly 30 percent drop in quarterly net earnings on Tuesday as fewer customers hurt sales and food and acquisition costs rose.
LOS ANGELES (Reuters) - After a year of record mortgage foreclosures and slumping home prices, Americans are more determined to shape up their flabby finances in 2008 than their bodies, according to a study released by Countrywide Bank on Tuesday.
