US technology giant Apple, Inc. said Tuesday it is in the process of fixing a data security breach that compromised private nude photos of more than 100 female celebrities. While providing an update, Apple said none of the cases it has investigated has resulted from any breach in any of Apple's systems including iCloud or Find my iPhone.
With trading resuming following the long, holiday weekend, stocks showed a lack of direction throughout the trading session on Tuesday before ending the day mixed. The markets largely held on to the bulk of their recent gains.
The Islamic State (IS), a Sunni extremist group previously known as Islamic State of Iraq and the Levant (ISIL), has released a video purporting to show the beheading of US journalist Steven Sotloff, media reports said Tuesday. According to reports, the video also showed a masked man threatening to execute a British man named David Haines. He also warned governments to stay away "this evil allian
While California has been a Democratic stronghold for a number of years, the results of a new Field Poll released Tuesday showed that President Barack Obama's approval rating in the Golden State has dropped to a new record low.
U.S. crude oil snapped a four-day gain to end sharply lower Tuesday, on concerns over demand growth prospects as the dollar strengthened against some major currencies with some weak Chinese factory data outweighing persistent worries about the situation Ukraine.
Investors look ahead to the weekly...
Gold futures plunged to end lower on Tuesday, as the dollar strengthened after some upbeat economic data from the U.S. with manufacturing activity rising better than expected in July, while construction spending also rebounded more than anticipated.
The U.S. dollar made gains as expectations the...
Less than a month after resigning from Congress, former House Majority Leader Eric Cantor, R-Virg., has made the move from Washington to Wall Street by joining boutique investment bank Moelis & Co. A statement from Moelis said Cantor will serve as Vice Chairman and Managing Director and also be elected to the company's Board of Directors.
Stocks continue to show a lack of direction in mid-day trading on Tuesday following the long, holiday weekend. Even with the lackluster performance, the markets are largely holding on to the bulk of their recent gains.
Software developer Compuware Corp. has agreed to be acquired by private equity firm Thoma Bravo LLC in a transaction valued at about $2.5 billion, the two companies said Tuesday. At closing, Thoma Bravo will acquire all the outstanding shares of Detroit-based Compuware and Compuware will become a privately-held company.
Oilfield services provider Halliburton Co. (HAL) reached Tuesday a $1.1 billion settlement to resolve a major chunk of the plaintiffs' class claims against the company related to the April 2010 Macondo oil well spill accident in the Gulf of Mexico that was the worst offshore oil spill in U.S. history.The settlement is subject to approval by the U.S. District Court.
After reporting an unexpected drop in U.S. construction spending in the previous month, the Commerce Department released a report on Tuesday showing that construction spending rebounded by more than expected in the month of July.
Activity in the U.S. manufacturing sector unexpectedly grew at an accelerated rate in the month of August, according to a report released by the Institute for Supply Management on Tuesday, with the index of activity in the sector climbing to a three-year high.
With traders largely shrugging off the latest batch of upbeat U.S. economic data, stocks are turning in a lackluster performance in early trading on Tuesday. The major averages are showing only modest moves, lingering close to the unchanged line.
Cruise operator Norwegian Cruise Line Holdings Ltd. agreed Tuesday to acquire peer Prestige Cruises International, Inc. in cash and stock deal valued at $3.025 billion, including assumed debt. An additional contingent cash consideration of up to $50 million will also be payable to Prestige shareholders upon achievement of certain 2015 performance metrics.
Following the long, holiday weekend, stocks may move to the upside in early trading on Tuesday. The major index futures are currently pointing to a modestly higher open for the markets, with the Dow futures up by 15 points.