Business News - Reuters

NEW YORK (Reuters) - Stock futures pared gains on Tuesday after Goldman Sachs Group posted its second-quarter earnings.

NEW YORK (Reuters) - Goldman Sachs Group Inc reported a 33 percent rise in quarterly earnings on Tuesday as a strong gain in trading was offset by a one-time charge to repay government loans.

NEW YORK (Reuters) - Johnson & Johnson's second-quarter earnings fell almost 5 percent, but profit and revenue beat analyst forecasts helped by surprisingly resilient pharmaceutical and consumer product sales.

NEW YORK (Reuters) - Sun Microsystems Inc , the computer server maker that is being acquired by Oracle Corp , said on Tuesday it sees quarterly revenue falling short of Wall Street estimates, and a net loss.

NEW YORK (Reuters) - Confessed swindler Bernard Madoff was in a medium security prison in Atlanta after being moved from his New York jail cell, U.S. official prisons bureau records showed on Tuesday.

WASHINGTON (Reuters) - Sales at U.S. retailers rose a stronger-than-expected 0.6 percent in June, boosted by a big jump in auto sales, Commerce Department data showed on Tuesday.

WASHINGTON/NEW YORK (Reuters) - Steven Rattner will leave as head of the U.S. autos task force, which oversaw bankruptcies at General Motors Corp and Chrysler Group, at a time when a probe into how the private equity firm he co-founded gained New York pension business has intensified.

JEDDAH (Reuters) - U.S. Treasury Secretary Timothy Geithner said on Tuesday he saw signs of confidence returning to the U.S. financial sector and pledged that the United States would pursue policies that preserve the dollar's value.

LONDON (Reuters) - Struggling flag carrier British Airways said on Tuesday it was considering launching a convertible bond, not a rights issue, to shore up its balance sheet during the global aviation sector downturn.

LONDON (Reuters) - Renewed confidence across the financial markets helped to push oil back above $60 a barrel on Tuesday as it recovered from a week of losses.