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Citigroup is banning some traders from accessing internal chat groups on their Bloomberg terminals, in the latest sign of concern by banks over online security issues.
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NEW YORK-- Lea Industries is recalling more than 63,000 children's beds in the U.S. and Canada because a support rail could break, putting users at risk of falling. The U.S. Consumer Product Safety Commission said Tuesday that two injuries have been reported since 2009. There have been 22 reports of incidents involving the recalled beds in the U.S. and one in Canada.
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NEW YORK, May 21- U.S. Benchmark yields edged up, flirting with 2 percent, which was their highest level since mid-March, after Wall Street stocks touched new highs and nicked the appeal of low-yielding U.S. government debt. There is no reason to bid it before Bernanke, "said Eric Green, global head of rates and currency research and strategy at TD Securities in New York.
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NEW YORK/ LONDON, May 21- Brent crude oil futures fell below $104 per barrel on Tuesday in New York, as investors worried that the U.S. Operations were unaffected at the U.S. crude futures hub in Cushing, Oklahoma, about 77 miles northeast of Moore, after a vicious tornado ripped through the area.
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NEW YORK-- Standard& Poor's Ratings Services is lowering the rating it gave J.C. Penney's term loan further into junk status because the struggling department store operator boosted the loan's size. J.C. Penney Co. increased the size of the term loan to $2.25 billion from $1.75 billion.
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May 21- Sprint Nextel Corp raised its buyout offer for wireless service provider Clearwire Corp to $3.40 per share, but the new bid was not high enough to impress some investors. Clearwire shares almost immediately traded around the new offer price, having consistently traded well above the old $2.97- per-share bid.
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NEW YORK-- An analyst boosted Wet Seal's rating Tuesday, saying he sees signs of progress in the teen retailer's attempt to turn around its business. THE SPARK: Edward Yruma of KeyBanc Capital Markets raised Wet Seal Inc.' s rating to "Buy" from "Hold" and provided a price target of $6.50.
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NEW YORK-- Sears Holdings Corp. is expected to report first-quarter earnings results after the regular markets close on Thursday that will provide more indications of how the struggling department store chain will turn around its business.
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TAMPA, Florida, May 21- JPMorgan Chase& Co's Jamie Dimon appears headed for a victory in a shareholder vote on whether he will keep his dual roles as chairman and chief executive of the largest U.S. bank, according to reports on Tuesday.
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*Home Depot raises outlook, shares jump. NEW YORK, May 21- U.S. stocks were little changed in early trading on Tuesday with Home Depot at a record high and buoying the blue-chips while investors eyed congressional testimony from Fed chairman Ben Bernanke on Wednesday.
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NEW YORK, May 21- An activist investor in Alere Inc wants the health diagnostics and services company to explore a sale of its drug testing business, which it believes could fetch as much as $2.5 billion and help Alere pay down debt, two people familiar with the matter said on Tuesday.
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NEW YORK-- Shares of some top big-box retail companies are up at 10 a.m.:. Costco Wholesale Corp. rose$. 60 or. 5 percent, to $112.62. Wal-Mart Stores Inc. rose$. 14 or. 2 percent, to $77.54.
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AT&T Inc. fell$. 13 or. 3 percent, to $37.09. Sprint Nextel rose$. 09 or 1.2 percent, to $7.38. Verizon Communications Inc. fell$. 15 or. 3 percent, to $52.59.
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NEW YORK-- Shares of some top drugstore companies are up at 10 a.m.:. Rite Aid rose$. 06 or 2.1 percent, to $2.86. Walgreen rose$. 05 or. 1 percent, to $49.80.
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Las Vegas Sands Corp. rose$. 38 or. 6 percent, to $59.31. MGM Resorts International rose$. 07 or. 4 percent, to $15.57. Marriott International Inc. rose$. 29 or. 7 percent, to $43.65.
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Coca-Cola Co. fell$. 12 or. 3 percent, to $42.26. Dr Pepper Snapple rose$. 01 or percent, to $48.78. Molson Coors Brewing Co. fell$. 34 or. 6 percent, to $52.56.
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American Electric Power Co. rose$. 06 or. 1 percent, to $49.53. Consolidated Edison Inc. Holding Co. rose$. 10 or. 2 percent, to $61.00. PG&E rose$. 02 or percent, to $47.20.
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Barrick Gold Corp. fell$. 79 or 4.0 percent, to $19.14. Gold Fields fell$. 27 or 4.5 percent, to $5.72. Newmont Mining Corp. fell$. 83 or 2.6 percent, to $31.45.
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Comcast Corp. rose$. 29 or. 7 percent, to $41.81. New York Times Co. rose$. 07 or. 7 percent, to $10.09. News Corp. rose$. 07 or. 2 percent, to $33.24.
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Apple Inc. fell $6.07 or 1.4 percent, to $436.86. Dell Inc. rose$. 00 or percent, to $13.41. Hewlett Packard Co. rose$. 16 or. 8 percent, to $21.34.
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*Shares flat ahead of Bernanke testimony on Wednesday, Home Depot rallies. That has made Wednesday's release of minutes from the central bank's last meeting and Fed chairman Ben Bernanke's testimony in Congress the main focus for markets waiting for the first signs of a clear shift in attitude.