NEW YORK (Reuters) - Oil tumbled more than $5 on Tuesday, pushing losses so far this week to about $10, as forecasters said an Atlantic hurricane would steer clear of offshore oil platforms and the greenback gained against other currencies.
NEW YORK (Reuters) - Aluminum producer Alcoa Inc on Tuesday posted a better-than-expected quarterly profit, lifting its shares, as higher aluminum prices and sales volumes offset increased costs.
NEW YORK (Reuters) - Stocks rose in another turbulent session on Tuesday as a pullback in oil prices eased worries about consumer and business spending, while financial shares gained after the Fed chairman said he may keep open a lifeline for banks.
NEW YORK (Reuters) - Two currency traders pleaded guilty on Tuesday to defrauding investors, admitting their firm engaged in almost no trading and that they misappropriated money from investors and used it to buy luxury homes and cars, federal prosecutors said.
ARLINGTON, Virginia (Reuters) - Federal Reserve Chairman Ben Bernanke said on Tuesday the U.S. central bank may keep an emergency lending facility for big Wall Street firms open longer than it initially intended, a signal the Fed is fearful of shutting down a vital backstop.