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Business news stories and events from the corporate world.
Wall Street barrels back in late rally, led by HP (Reuters)

Traders work on the floor of the New York Stock Exchange, November 17, 2008. (Brendan McDermid/Reuters)Reuters - Stocks staged a late fight back on Tuesday after a choppy session in which stronger-than-expected results and outlook from computer maker Hewlett-Packard offset fears that more losses at Citigroup and other banks are yet to come.


U.S. auto execs plead for Congress to fund bailout (Reuters)

(L-R) GMReuters - U.S. auto executives warned Congress on Tuesday that their industry was teetering on the brink of disaster as they pleaded for a $25 billion aid package despite political opposition to another multibillion-dollar government bailout.


Cuban responds to SEC, says no secrecy deal (Reuters)

Dallas MavericksReuters - Billionaire basketball team owner Mark Cuban responded to U.S. insider trading charges on Tuesday, saying on his website that he had not agreed to keep information about a proposed stock sale confidential.


U.S. CEOs urge at least $300 billion fiscal stimulus (Reuters)
Reuters - Chief executives of leading U.S. companies called for a fiscal stimulus package worth at least $300 billion and urged president-elect Barack Obama to swiftly name his economic team.
Lawmakers, Treasury lock horns on foreclosures (Reuters)

Treasury Secretary Henry Paulson (L) and Federal Reserve Chairman Ben Bernanke testify at the House Financial Services Committee hearing on Reuters - Treasury Secretary Henry Paulson and members of Congress clashed on Tuesday over the best use for the $700-billion financial bailout fund, with lawmakers demanding money to stem a national wave of mortgage foreclosures.


Brazil stocks down early (AP)
AP - Brazil's stocks are off in early trading, with the Ibovespa stock index falling 2.2 percent to 34,936.

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