Money and Financial Lifestyle

Retail gasoline prices rose again overnight and are now up nearly 40 percent from the start of the year, while the price for crude on Tuesday topped $60 a barrel for the first time since early November.

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Gasoline nears $2.25, crude briefly above $60 (AP)

Investors were hard-pressed Tuesday to find a reason to extend Wall Street’s two-month rally. Stocks mostly fell as investors shifted into defensive corners of the market, driving up shares of drugmakers like Pfizer Inc

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Investors hunt defensive stocks as rally stalls (AP)

Ford Motor Co. shares dropped almost 9 percent Tuesday morning, a day after disclosing a public offering of 300 million shares of common stock that will help it fund its health care trust for retired autoworkers and their families.

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Ford shares sink on share offering (AP)

Home prices fell in nearly nine out of every 10 U.S.

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Median home prices fell nationwide in 1Q (AP)

Citigroup Inc said on Tuesday that the committee overseeing its use of $45 billion of taxpayer money had approved the use of nearly all of that sum to make loans.

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Citigroup: $45 billion TARP money goes toward loans (Reuters)

Stocks fell on Tuesday as investors took profits in the technology and banking sectors while a drop in U.S. exports in March and multiple stock offerings from various companies dampened enthusiasm.

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Wall Street slides on profit taking (Reuters)

A bankruptcy judge says GMAC can become Chrysler’s preferred lender. Pending the completion of certain documentation, U.S. Judge Arthur Gonzales on Tuesday approved the deal between Auburn Hills, Mich.-based Chrysler LLC and GMAC Financial Services.

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Judge OKs deal to make GMAC top Chrysler lender (AP)

General Motors Corp stock plunged more than 22 percent to a 76-year low on Tuesday, a day after GM’s top executives dumped their shares as the automaker heads toward a bankruptcy or a restructuring that would all but wipe out existing shareholders.

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GM shares fall to 76-year low after execs dump stock (Reuters)

Several large U.S. banks undertook big capital-raising efforts on Tuesday, hoping to satisfy regulators who want to see bigger cushions against a deep recession, or proof they have enough of a buffer already.

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BofA and other U.S. banks scramble for capital (Reuters)

Improved credit markets have brought stabilization to the economy but it is still not clear when growth will resume, General Electric Co Chief Executive Jeff Immelt said on Tuesday.

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GE CEO says economy stabilized, growth a question (Reuters)