NEW YORK (Reuters) - U.S. stock index futures pointed to a flat open on Tuesday after data showed the U.S. economy grew in the third quarter, but at a slower-than-expected pace.
WASHINGTON (Reuters) - The U.S. economy grew more slowly than initially thought in the third quarter, held back by strong imports and weak investment in nonresidential structures, according to data on Tuesday that hinted at a lackluster recovery.
NEW YORK (Reuters) - Raj Rajaratnam, the billionaire founder of Galleon Group, on Tuesday rejected federal insider trading charges, and accused the government of violating his constitutional rights with its use of wiretaps.
CHICAGO (Reuters) - H.J. Heinz Co posted a lower quarterly profit on Tuesday, hurt by sales declines in North America and Europe, but said it is optimistic about its sales momentum heading into the second half of its fiscal year and raised its full-year profit forecast.
NEW YORK (Reuters) - Warner Music Group , the world's third largest music company, on Tuesday reported a surprise quarterly loss as higher interest expense and operating costs cut into the record label's margins.
(Reuters) - The U.S. Federal Reserve this month asked nine banks that were part of "stress tests" conducted earlier this year to submit plans to repay money injected under the Troubled Asset Relief Program (TARP), Bloomberg said, citing a person familiar with the situation.
CHICAGO (Reuters) - Medtronic Inc said quarterly earnings rose a better-than-expected 59 percent on solid demand for its devices that protect against irregular heart rhythms, and it raised its fiscal-year forecast.
LONDON/NEW YORK (Reuters) - Growing world oil use will likely outpace the rate of new supplies in 2010, eroding the huge stockpiles of crude which have mounted around the world since the start of the global economic crisis.
CHICAGO (Reuters) - Hormel Foods Corp posted a 53 percent jump in quarterly profit, aided by lower hog prices and stronger sales of its namesake chili, and said earnings should rise in the current fiscal year.
(Reuters) - Kenneth Feinberg, the Obama administration's pay czar, is being pressed by federal officials to relax executive compensation restrictions at American International Group Inc for 2010, the Wall Street Journal reported, citing people familiar with the matter.
