NEW YORK (Reuters) - The United States ushered in a new era in banking on Tuesday with plans to take equity stakes worth up to $250 billion in financial institutions, an incursion into the private sector that U.S. officials called a regrettable last resort.
NEW YORK (Reuters) - The Dow and the S&P 500 rose on Tuesday on the U.S. government's bank rescue plan, but the Nasdaq fell as concerns about recession and the third-quarter profit outlook tempered optimism.
NEW YORK (Reuters) - U.S. bank stocks soared on Tuesday after the government set plans to inject $250 billion into the battered sector, hoping to restore confidence after exposure to toxic debt pummeled share prices.
NEW YORK (Reuters) - Johnson & Johnson, fueled by strong sales of consumer products and medical devices, reported third-quarter earnings that beat Wall Street expectations and lifted its shares more than 5 percent.
DUBAI (Reuters) - General Motors said on Tuesday bankruptcy for the firm is not an option and called for coordinated federal action to assist the ailing U.S. automobile industry.
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