WILMINGTON, Del. _ Incyte Corp. on Tuesday reported second-quarter net income of $9.3 million, after reporting a loss in the same period a year earlier. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share. Incyte shares have risen 42 percent since the beginning of the year.» Read More
Banks have been accused of foreclosing on homeowners because they failed to maintain mortgage paperwork. Now there are signs the same problem hurts mortgage bond investors too.
The European Union will seek on Friday to forge rules to force losses on large savers when banks fail, a sensitive reform that could shape how the euro zone deals with its sickly banks.
SandRidge Energy's board of directors removed the energy company's founder and chief executive after a months-long struggle with activist investors.
Britain's Vodafone Group has raised its preliminary offer to buy Kabel Deutschland, Germany's largest cable operator, a source close to the situation has told CNBC.
Japanese PM Abe said on Tuesday G-8 leaders expressed strong support for his "Abenomics" economic policies and heard no concerns about Japan's super easy monetary easing.
Hong Kong's central bank said on Tuesday that its investigation into possible benchmark rate manipulation has been extended to include HSBC and a number of other banks.
Yahoo said U.S. law enforcement agencies made between 12,000 and 13,000 requests for data in the last six months, the latest in a series of disclosures by technology companies.
Orchard Supply Hardware Stores has filed for Chapter 11 bankruptcy protection, with rival retailer Lowe's Companies set to buy the majority of its assets for $205 million in cash.
Singapore's central bank censured a record 20 banks on Friday after it found more than 100 traders in the city state tried to rig key borrowing and currency rates.
A top U.S. banking regulator called Deutsche Bank's capital levels "horrible" and said it is the worst on a list of global banks based on one measurement of leverage ratios.
Detroit said it would stop making some debt payments and asked creditors to accept pennies on the dollar to help it avoid the largest municipal bankruptcy filing in US history.
Apple is exploring launching iPhones with bigger screens, as well as cheaper models in a range of colours, over the next year, said four people with knowledge of the matter.
Two days of accommodation at a lakeside golf hotel in Northern Ireland don't come cheap- and Britain has irritated its fellow Group of Eight states by sending them hefty advance bills for the summit it is hosting there.
The European Central Bank has room to cut interest rates further, Executive Board member Peter Praet said on Tuesday, adding that the central bank is paying "great attention" to euro zone inflation.
Google bought Israeli mapping startup Waze on Tuesday for an undisclosed sum.
A group of United Airlines' most frequent flyers, including billionaire investor Tom Steyer, asked the airline to stop blocking climate change actions.
OPEC predicted world oil demand will grow more quickly in the rest of 2013, indicating the group can keep pumping more oil than the ouptut target it set out last month.
The U.S. Senate is preparing to cast the first votes in the full Senate on a landmark bill that offers the best chance in decades to remake the nation's immigration system.
The BOJ will consider taking further steps to curb any spike in bond yields when it debates policy on Tuesday, with the recent market turbulence threatening its stimulus plan.
SoftBank is in talks with Deutsche Telekom over a possible deal for T-Mobile US, as the Japanese company looks for alternatives if its $20.1 billion deal with Sprint Nextel falls apart.