Stocks could chop around and rack up more losses in the week ahead, with the next wave of corporate earnings reports.» Read More
Tyco International, which plans to split into three companies in coming weeks, reported lower quarterly profit on Tuesday, but results beat expectations led by improving sales in its electronics segment and demand for fire and security technology.
It should surprise no one who watches the ups and downs of Wall Street that a horse named Street Sense would come from way behind to win the Kentucky Derby. The week ahead looks like it will put everyone's street sense to the test as a louder chorus of market watchers use the word "caution" when it comes to buying stocks.
Former Tyco International Chief Executive Dennis Kozlowski, who is serving a prison sentence of up to 25 years for looting the conglomerate, told CBS television he is "absolutely not guilty," according to excerpts from an interview to be broadcast Sunday.
After the Amaranth collapse, many agree that hedge funds could use some guidelines. But regulators -- and some investors -- fear strict rules created at the "emotional level." CNBC's Melissa Lee reports from the World Hedge Fund Forum in Connecticut.
Stocks inched their way to a positive close after a sharp reversal in oil eased selling pressure and a late buying spree broke out in internet stocks.
Conglomerate Tyco International said quarterly net income rose 43%, helped by strong results at its fire and security unit.
L. Dennis Kozlowski, the imprisoned former head of Tyco International, has returned to prison after being hospitalized with what appears to be a heart problem.
A former Tyco International executive agreed to pay $450,000 to settle financial reporting and record-keeping charges connected to a fraud case in which Tyco overstated income by more than $500 million, the U.S. Securities and Exchange Commission said on Thursday.