NEW YORK (Reuters) - Countrywide Financial Corp , the battered mortgage lender being acquired by Bank of America Corp , posted a $421.9 million fourth-quarter loss on Tuesday, hurt by mounting defaults in a sinking housing market.
NEW YORK (Reuters) - Home prices in 10 major metropolitan areas fell by a record 8.4 percent in the year through November, Standard & Poor's said on Tuesday.
NEW YORK (Reuters) - Stocks were set to open higher on Tuesday as another interest rate cut from the Federal Reserve this week seemed likely, while data showing robust orders of durable goods eased some economic worries.
WASHINGTON (Reuters) - New orders for long-lasting U.S.-made manufactured goods rose by a much bigger-than-expected 5.2 percent in December and a key gauge of business spending also surged, a Commerce Department report showed on Tuesday.
NEW YORK (Reuters) - Eli Lilly and Co on Tuesday said fourth-quarter profit rose on higher-than-expected sales of its medicines, including strong demand for its newer treatments for depression, diabetes and cancer.
NEW YORK (Reuters) - Diversified manufacturer 3M Co reported higher operating earnings Tuesday on strength in its health-care and international businesses.
NEW YORK (Reuters) - Citigroup Inc CEO Vikram Pandit is likely to keep the company intact rather than spinning off or selling units such as the Smith Barney retail brokerage, CNBC's Charles Gasparino said on Tuesday without citing sources.
PARIS (Reuters) - France warned rival banks on Tuesday not to try to grab control of Societe Generale as it reels from losses blamed on a rogue trader, but shares in the bank spiked higher on takeover speculation.
NEW YORK (Reuters) - Dow Chemical Co said on Tuesday that fourth-quarter earnings fell 52 percent, hurt by weak U.S. housing and auto markets, spiraling energy and raw material costs, and one-time restructuring charges.
LONDON (Reuters) - Oil climbed above $91 on Tuesday as stock markets rose on hopes of a fresh U.S. interest rate cut, with forecasts there will be a draw in U.S. distillate stocks and no change in OPEC output offering additional support.
