NEW YORK (Reuters) - Stocks rose sharply on Tuesday as Citigroup's reassurances on its performance and Washington's efforts to tackle the economic slide made investors optimistic.
LONDON/NEW YORK (Reuters) - Citigroup Inc was profitable in the first two months of 2009 and is confident about its capital strength, Chief Executive Vikram Pandit said, easing concerns about the troubled bank's survival prospects.
BOSTON (Reuters) - United Technologies Corp cut its 2009 profit target by about 13 percent and said it would eliminate 11,600 jobs as it no longer anticipates an economic recovery this year.
WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke said on Tuesday regulators must find a way to safeguard the entire financial system and not just its parts to prevent future crises like the one currently engulfing economies around the globe.
ATLANTA (Reuters) - Delta Air Lines , the world's largest carrier, said on Tuesday it would cut its international capacity by an additional 10 percent starting in September as the global economic downturn batters the industry.
BASEL, Switzerland (Reuters) - Roche said again on Tuesday that it deemed its $93 per share offer for U.S. biotech group Genentech as fair, after a source familiar with the situation had said the two sides were in talks for a deal at a higher price.
WASHINGTON (Reuters) - U.S. wholesale inventories fell for the fifth consecutive month in January and sales plummeted amid a slump in demand, a government report showed on Tuesday.