WASHINGTON (Reuters) - The United States pledged on Tuesday to pump $250 billion into its banks, following similar action in Europe, but data showed the threat of recession has not been banished even if a financial sector meltdown has.
NEW YORK (Reuters) - Stocks headed for a surge at the open for a second straight day on Tuesday after the Treasury Department said it would inject $250 billion in major banks, calming fears about stability in the U.S. financial system.
NEW YORK (Reuters) - Johnson & Johnson, fueled by strong sales of consumer products and medical devices, on Tuesday reported third-quarter earnings that eclipsed Wall Street expectations and lifted shares almost 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.
NEW YORK (Reuters) - PepsiCo Inc reported a quarterly profit that missed Wall Street forecasts and cut its full-year outlook, hurt by an economic slowdown that flattened soft drink demand and a relatively stronger U.S. dollar.
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