NEW YORK (Reuters) - The Dow closed at its highest level in more than four years on Tuesday after U.S. manufacturing expanded at a faster pace than expected in April, easing jitters about a slowdown in the economic recovery.
UNITED NATIONS (Reuters) - The United States, European Union, South Korea and Japan have submitted a list of about 40 North Korean companies to the U.N. Security Council's sanctions committee for possible blacklisting due to Pyongyang's recent rocket launch, envoys said on Tuesday.
DETROIT (Reuters) - General Motors Co and Ford Motor Co both reported a smaller-than-expected decline in U.S. new vehicle sales in April, and GM, the largest U.S. automaker, raised its full-year forecast for the industry due to a strengthening economy.
HOUSTON (Reuters) - Natural gas producer Chesapeake Energy Corp will split the jobs of chairman and chief executive, and bring an early end to a program that granted CEO Aubrey McClendon stakes in company wells, an arrangement that sparked investor anger and potentially created serious conflicts of interest.
NEW YORK (Reuters) - Bill Gross, founder and co-chief investment officer of bond giant PIMCO, told CNBC on Tuesday that the U.S. could be headed toward a credit rating downgrade if it does not tackle its deficit.
(Reuters) - New York law firm Dewey & LeBoeuf, struggling with a debt crisis and criminal probe of its former chairman, has "encouraged" its partners to seek new jobs, one partner said, citing an internal memo.
SEATTLE (Reuters) - The head of Deutsche Lufthansa AG's fleet management said he is not happy with the weight of Boeing Co's 747-8 jumbo, but that will not restrict the use of the airline's newest aircraft.
NEW YORK (Reuters) - Slightly more foreclosures on U.S. homes were completed in March compared to the month before, though levels were still below those seen a year ago, data analysis firm CoreLogic said on Tuesday.