  | | | Caterpillar weighs as Wall Street sells off late | | NEW YORK (Reuters) - Stocks fell on Tuesday, pulled lower by declines in heavy equipment maker Caterpillar after it cut its profit outlook, the latest high-profile company to signal growth will fall short of expectations. | | |  | | | Home prices rise for sixth month, a sign of recovery | | NEW YORK (Reuters) - U.S. home prices rose for a sixth straight month in July in the latest sign of a sustainable housing market recovery, while a jump in consumer confidence this month offered a harbinger that Americans are ready to loosen their spending. | | | | | Lehman to pay creditors another $10.5 billion | | NEW YORK (Reuters) - Lehman Brothers Holdings Inc on Tuesday said it will pay about $10.5 billion to creditors starting early next month, the second leg of a plan to eventually pay out more than $65 billion. | | | | | Fed's Plosser: Opposed to risky QE3 because it won't work | | PHILADELPHIA (Reuters) - The Federal Reserve's latest monetary stimulus will not do much to boost economic growth or lower unemployment and raises the risk of longer-run inflation, Philadelphia Fed President Charles Plosser said on Tuesday. | | | |  | | | BlackRock raises S&P 500 target, but says rally over | | NEW YORK (Reuters) - BlackRock Inc , one of the world's largest asset managers, has raised its expectations for the U.S. stock market in 2012 but believes this year's equity rally has run its course, according to targets provided by the firm on Tuesday. | | | |  | | | PepsiCo wins debt-vs-equity dispute in U.S. Tax Court | | WASHINGTON (Reuters) - PepsiCo Inc has won a $363 million dispute with the Internal Revenue Service in U.S. Tax Court in a ruling of interest to companies seeking to avoid taxes when bringing cash from abroad into the United States. | | | |  | | | Ford offers European workers severance pay | | BERLIN (Reuters) - Ford Motor Co, which expects to lose more than $1 billion in Europe this year, is offering severance packages to "a few hundred" white-collar European workers as the automaker struggles to rein in costs amid plunging vehicle sales. | | | | | EU rejects U.S. claim to have weaned Boeing off subsidies | | GENEVA (Reuters) - U.S. aircraft giant Boeing is still getting U.S. subsidies despite Washington's claim to have stopped the handouts, the European Union said on Tuesday in the latest round of the world's biggest trade dispute. | | | |  | | | UBS trader knew of Adoboli's secret account, said nothing | | LONDON (Reuters) - Former UBS trader Kweku Adoboli told close colleague John Hughes in January 2011 about a secret account he used to hide unauthorized deals, nine months before Adoboli was found out and arrested, a London court heard on Tuesday. | | | |  |  | | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today | | |  | |  | | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today | | | | | | » MORE NEWSLETTERS | |
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