LOS ANGELES - Yahoo shares rallied 6% after the Internet company said it would spin off the remaining holdings in Alibaba. Stock in the new company will be distributed to Yahoo shareholders.
U.S. stocks fell Tuesday after disappointing results at blue-chip companies like Microsoft and Caterpillar sparked concerns about the strong dollar's drag on earnings growth.
AT&T Inc. (T), the second-largest U.S. wireless carrier, topped profit and sales estimates as more customers than analysts expected were lured in by the company's phone and tablet promotions.
RICHMOND, Va. - Virginia's jobless rate fell to 4.8 percent in December, marking the state's lowest unemployment rate since October 2008, state and federal officials said Tuesday.
NEW YORK (MarketWatch) - With government bond yields negative in Switzerland and parts of Europe, gold looks attractive by comparison, bond trader Jeffrey Gundlach of Doubleline Capital said in a television interview Tuesday.