Paulson says global economy strong: report
WASHINGTON (Reuters) - Treasury Secretary Henry Paulson said on Tuesday the global economy is strong and liquidity will return to normal in financial markets once investors reprice risk.
Buffett could buy parts of Countrywide: report
NEW YORK (Reuters) - Billionaire investor Warren Buffett may buy parts of beleaguered mortgage lender Countrywide Financial Corp, some investors are speculating, according to The Wall Street Journal.
July foreclosures up 93 percent vs year ago: survey
WASHINGTON (Reuters) - Home foreclosures rose 9 percent in July from June and soared 93 percent from a year ago as states that once enjoyed a white-hot housing market are now seeing the greatest number of loan failures, a real estate survey reported on Tuesday.
Stocks open lower after Paulson remarks
NEW YORK (Reuters) - Stocks opened lower on Tuesday, after U.S. Treasury Secretary Henry Paulson acknowledged there was no quick solution to work out current liquidity concerns rattling the financial markets.
Target profit rises and reiterates full-year view
NEW YORK (Reuters) - Target Corp on Tuesday reported a higher quarterly profit, boosted by a 9.5 percent rise in revenue and returns from its credit-card business, and reiterated its full-year earnings outlook.
Investor: Ready to take Nasdaq stock only for OMX
STOCKHOLM (Reuters) - Investor AB is ready to take only Nasdaq shares for its OMX stake under Nasdaq's bid for the bourse firm, a spokesman said on Tuesday, adding that this stance was the same as before Friday's rival offer from Borse Dubai.
Countrywide's credit default swaps tighten 63 bps
NEW YORK (Reuters) - The cost to insure the debt of Countrywide Financial Corp. unit Countrywide Home Loans fell on Tuesday after The Wall Street Journal reported that some investors are speculating billionaire investor Warren Buffett may buy parts of Countrywide Financial.
Staples profit up on demand for laptops, software
NEW YORK (Reuters) - Staples Inc , the largest U.S. office supplies retailer, posted an 11 percent rise in quarterly profit on Tuesday, helped by higher sales of laptop computers and software.
Wal-Mart selling digital music free of copy curbs
NEW YORK (Reuters) - Wal-Mart Stores Inc said on Tuesday that it was now selling digital music downloads on its Web site without the customary copy-protection technology that limits where consumers can play the songs.
Big three pledge vigilance but banks gloomy
LONDON (Reuters) - Finance chiefs from the world's three biggest economies sought on Tuesday to keep a lid on global market jitters as banks at the sharp end of a global financial storm said they faced serious trouble.
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