New York: U.S. stocks fell on Tuesday, with selling picking up late in the session, as investors cashed in some of the recent market gains, but the S&P 500 finished less than 1 per cent away from a record high set last week.
Spreading earnings over fewer shares translates into higher earnings per share. Companies have been spending big on buybacks since the 1990s to reduce the shares in the marketplace.
J.C. Penney Company, Inc. logo J.C. Penney Company (NYSE:JCP) was upgraded by equities research analysts at Citigroup Inc. from a �neutral� rating to a �buy� rating in a research note issued to investors on Tuesday, TheFlyOnTheWall.
WASHINGTON - Congressional efforts to shut down bailed-out Fannie Mae and Freddie Mac took a significant step forward with bipartisan agreement from key senators on a plan to overhaul the housing finance system.
(CNN) -- The first officer aboard the missing Malaysia Airlines flight once invited two teenagers he just met into the cockpit of his plane during another international flight, one of the women told "Piers Morgan Live.