(Reuters) - Xerox Corp's (XRX.N) profit fell due to restructuring charges in the fourth-quarter and its chief financial officer plans to retire next month. CFO Lawrence A. Zimmerman, 68, will be replaced by Luca Maestri, the 47-year-old current CFO of Nokia Siemens Networks, Xerox said on Wednesday.

• Read more

(Reuters) - Stocks fell on Tuesday weighed by disappointing blue-chip earnings, including 3M and Johnson & Johnson, ahead of U.S. President Barack Obama's State of the Union speech. Six Dow components have reported results since the close of trading on Monday, including J&J (JNJ.N), 3M Co (MMM.N), DuPont (DD.N) and American Express Co (AXP.N).

• Read more

(Reuters) - The debut bond from Europe's financial rescue fund attracted robust demand on Tuesday, in the latest sign of confidence the bloc is getting to grips with the debt crisis that has haunted it for over a year. The International Monetary Fund (IMF) cautioned in a report that Europe still had work to do to restore faith in its economies, urging rigorous stress-testing of its banks and a strengthening of the rescue fund, known as the European Financial Stability Facility (EFSF).

• Read more

(Reuters) - Billionaire investor John Paulson's bet that the economy will rebound paid off handsomely last year when his hedge fund clients earned about $1 billion on his Citigroup Inc stake. Paulson, who oversees about $35 billion at Paulson & Co, told investors that his bet on the bank proved to be the year's most profitable investment, said one investor, who declined to be identified because clients may not speak publicly about their returns.

• Read more

(Reuters) - U.S. single-family home prices fell for a fifth straight month in November and could plumb new lows soon, a closely watched survey showed on Tuesday. The Standard & Poor's/Case-Shiller composite index of 20 metropolitan areas declined 0.5 percent in November from October on a seasonally adjusted basis, though it was not as sharp as the 0.8 percent fall expected by economists.

• Read more

(Reuters) - U.S. securities regulators were poised to adopt say-on-pay rules on Tuesday aimed at empowering shareholders to cast non-binding votes on executive pay, and to propose new rules designed to help regulators police hedge funds for systemic risk. The Securities and Exchange Commission rules are the latest moves by the agency to implement key provisions in the Dodd-Frank Wall Street reform law.

• Read more

(Reuters) - BlackRock Inc, the world's largest asset manager, reported a big jump in fourth-quarter profit and revenue, topping analysts' estimates, aided by the global stock market rally. With markets on an upswing, the $3.6 trillion behemoth created when Chief Executive Laurence Fink bought Barclays's investment unit for $15 billion just over a year ago finally appears to be paying off for investors.

• Read more

(Reuters) - A bipartisan panel investigating the financial crisis has referred cases of potential wrongdoing by financial industry officials to the Justice Department, a person familiar with the matter said on Tuesday. The 2009 law creating the Financial Crisis Inquiry Commission instructs the congressionally appointed panel to refer anyone who may have violated the law to the Justice Department and state attorneys general. The Huffington Post first reported the referrals on Monday night and did not identify the people implicated or their institutions.

• Read more

(Reuters) - Verizon Communications added far more wireless subscribers than expected in the fourth quarter, dispelling any worries that customers would put off signing up until the company's Verizon Wireless venture begins selling Apple Inc's iPhone next month. Verizon Wireless, Verizon's venture with Vodafone Group Plc, added 872,000 contract customers, compared with an average expectation for more than 646,0000 from eight analysts contacted by Reuters.

• Read more

(Reuters) - Johnson & Johnson reported disappointing quarterly revenue due to plunging U.S. sales of consumer products that continue to be recalled for quality-control lapses, and the diversified healthcare company forecast 2011 earnings below Wall Street expectations. "The fourth quarter was another disappointing quarter for Johnson & Johnson," said Morgan Stanley analyst David Lewis, who questioned whether the company can recover this year from factory problems that have sparked recalls of Tylenol, Motrin and other over-the-counter medicines over the past 12 months.

• Read more