Business News

The Food and Drug Administration is warning consumers that a counterfeit version of the attention deficit hyperactivity disorder drug Adderall is being sold over the Internet.The FDA says the... more

A sharp upturn in the value of the dollar sent prices for oil, gold and other commodities sharply lower.The dollar's spike against the euro came at midmorning Tuesday after Egan Jones, a small... more

Space Exploration Technologies says it has signed its first commercial contract for a new rocket that will be more powerful than the one that launched the company's Dragon capsule to the... more

Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:NYSEChesapeake Energy Corp., up 54 cents at $16.35Activist investor Carl Icahn... more

U.S. consumer confidence fell sharply in May and is at the lowest level since January, according to a survey released Tuesday by the Conference Board.The findings contradicted Friday's survey by... more

DOW GAINS: The Dow Jones industrial average closed up 125.86 points, only the fifth gain this month. Investors were hopeful that China is poised to rev up its economic growth machine and that the... more

Stocks had one of their best days in May Tuesday. Investors were hopeful that China is poised to rev up its economic growth machine and that the upcoming elections in Greece will help the country... more

Treasurys were little changed Tuesday as worries over Europe keep traders in U.S. government debt.U.S. economic news added to the worry. The Conference Board said Tuesday that its index of... more

The stock market is desperately looking for good news.On Tuesday, oil prices fell, the euro sank to a 22-month low, and the yield on the U.S. government's 10-year Treasury note fell near a... more

Investor jitters about Europe snuffed out a rally in the price of oil on Tuesday.Oil was trading above $92 per barrel but reversed course after Egan Jones downgraded Spain's debt, dropping it... more

Chesapeake Energy shares climbed Tuesday as some prominent shareholders called for a shake-up in the natural gas giant's board of directors.Investors are unhappy with Chesapeake's growing debts... more

FedEx said it will buy a Brazilian transportation company, its third acquisition since rival UPS announced its purchase of TNT Express in Europe earlier this year.The UPS deal is a $6.8 billion... more

The euro plunged to a fresh 22-month low Tuesday after a ratings agency downgraded Spain's debt.The euro fell to $1.2487 late Tuesday from $1.2539 late Monday. The euro fell as low as $1.246... more

Interest rates on short-term U.S. Treasury bills were unchanged in Tuesday's auction, remaining at the lowest levels since late April.The Treasury Department auctioned $30 billion in three-month... more

Americans grew much gloomier about the economy in May, causing a critical measure of consumer confidence to suffer its biggest decline in eight months and ending a period of steady... more

Investigators in Qatar carried out their first extensive probes through a fire-ravaged daycare center and other charred areas inside the country's biggest mall Tuesday after a blaze killed 19... more

An exit from the euro would see Greeks lose more than half their annual income and prompt a dramatic rise in unemployment and inflation, a report from the country's largest bank has warned.The... more

INVESTIGATION: Investigators in Qatar carried out their first extensive probes inside the country's biggest mall Tuesday after a blaze there killed 19 people, including 13 children.CONTEXT: The... more

A record drop in retail sales added to Spain's economic woes on Tuesday as the government struggled to boost market confidence in the crippled banking industry and investors remained doubtful of... more

Rival Irish leaders traded insults and accused each other of lying to the public on Tuesday as a high-stakes vote on the European Union's fiscal treaty neared.Both sides sharpened their attacks on... more

Russian fans of the videogame Angry Birds will soon be able to get special debit cards _ or "Angry Cards" _ giving them discounts on the game's products.Moscow-based Promsvyazbank said Tuesday it... more

Global investors are paying Switzerland to take their money as they look for safe places to park their capital.The Swiss government issued short-term debt bills worth 688.8 million francs ($716... more

Global markets rose Tuesday on signs of improvement in the U.S. housing market and on hopes China will act to support growth in its economy, the world's second-largest.A survey by S&P/Case... more

Spanish oil firm Repsol said Tuesday it will stop looking for oil in Cuba after hitting a dry well drilled at a cost of more than $100 million, a blow to the island nation desperate to find its... more

Japan's Marubeni Corp. is buying Nebraska-based grains company Gavilon Holdings LLC for about $3.6 billion in a move to capitalize on rising demand in developing nations for grain and... more