BUSINESS

An ambitious Kickstarter project, brain child of Josh Guyot and JoeBen Bevirt, Galiloe made headlines in April after exceeding its funding goal by more than half a million dollars and getting encouragement by investors and funders. Galileo is an iOS powered Robotic Doc compatible with iPhone and iTouch which enables motion controlling the phone device while Face Timing.

Venezuelan President Hugo Chavez is attending the South American trading bloc Mercosur summit in Brazil, where his country has been inducted as an official member of the group after a six-year wait. But not every Venezuelan is pleased

The number of unemployed people across all 17 euro zone countries soared 11.2 percent to 17.8 million in June -- up 1 percentage point from the year before, Eurostat, the European Union's statistical agency, reported Tuesday. Euro zone unemployment among people younger than 25 rose to 22.4 percent.

The U.S. Postal Service affirmed Tuesday that it will not make a required $5.5 billion payment due Wednesday to the U.S. Treasury for future retirees' health care costs, according to a published report.

Some of the results for specific councils are quite shocking,? said Judy Aldred, managing director of SSentif.

A bank equity analyst famous in financial circles for her prescient analysis on the global banking sector said Tuesday morning she sees the financial industry shedding another 200,000 people off the payrolls in the coming months.

If Milton Friedman were alive today, he would be 100 years old. The Nobel-prize winning economist has transformed the way many people think about the government and economic policy.

Nintendo?s 3DS XL has had a tremendous release date in Asia. The company sold approximately 200,000 units of its new handheld across Japan, official retail estimates have indicated.

Following a poor earnings report last week and a steep drop in its share prices, social gaming giant Zynga is now facing an insider trading lawsuit on account of some suspicious financial activity by the company's top executives.

The trapped miners are receiving food and water.

Twitter remains publicly silent more than 24 hours after banning British journalist Guy Adams for publishing NBC executive Gary Zenkel's work email address.

Despite rising income at the end of the second quarter, U.S. consumer spending fell in June by 0.1 percent from the month before, the Commerce Department said on Tuesday.

While Greece awaits the latest round of bailout cash from international lenders, the country is fast approaching a new payment deadline and has until the end of August to repay a ?3.2 billion ($2.6 billion) bond or face the catastrophic consequences of defaulting on its debts.

Tuesday July 31, eight and a half years after his third wife was found dead in a bathtub, the murder trial of former Chicago-area police officer Drew Peterson is set to begin with opening statements. Peterson, 58, is accused in the 2004 death of his third wife, Kathleen Savio.

U.s. single-family home prices rose for the fourth month in a row in May when adjusting for seasonal swings, suggesting the recovery in the housing market continued to gain traction.

It looks like Apple isn?t the only company rolling out Retina display. Court documents made public in the Apple vs. Samsung trial reveal that the Korea-based company is working on a tablet of its very own that incorporates this display technology.

Facebook announced an upgrade to the photo-viewing experience on the social networking website. Even though changes to the image-viewing were introduced last year with the launch of Facebook timeline, this is seen as a welcome upgrade that will simply take the photo experience to a whole new level.

Delhi, Punjab, Haryana, Uttar Pradesh, Himachal Pradesh, Rajasthan, West Bengal, Bihar, Orissa and Jharkhand ? an area that stretches across 1,400 miles ? have been affected by the power cut.

Germany's biggest bank Deutsche Bank AG (NYSE: DB) is laying off 1,900 people, most of them outside Germany, in an effort to save ?3 billion ($3.68 billion) as part of a broader strategic overhaul.

Blitz USA is out of business, not because of a product defect, but because of consumer misuse.

Last week Cuban President Raul Castro said he was willing to engage the U.S. in talks in an apparent bid to relax five decades of diplomatic impasse.

Reports said the exploratory craft is designed to land and transmit back a survey of the moon's surface.

Accretive Health, Arkansas Best Corp, Nokia Corp, Liquidity Services, General Mills, Dendreon Corp, OCZ Technology Group, Nova Measuring Instruments and Seagate Technology are among the companies whose shares are moving in premarket trading Tuesday.

According to a latest report released by the research firm Strategy Analytics on Wireless Smartphone Strategies, though Android still dominates the mobile OS market in the U.S., its market share declined over the last year. On top of that, while Android lost its grip on the market significantly, rival Apple's iOS platform grew rather rapidly during the same period of time.

China's economy may be slowing down, but the country hasn't lost its luster.

U.S. stock index futures point to a higher opening Tuesday as investors were optimistic that the Federal Reserve will announce monetary easing measures to rejuvenate the economy and regain the growth momentum.

Asian stock markets advanced Tuesday, helped by expectations that the major central banks will announce further stimulus measures when they hold policy meetings later this week.

Apple announced Monday that downloads of the latest OS X, Mountain Lion, had exceeded three million in just four days, making it the most successful OS X release in the company's history.

Most of the European markets fell Tuesday but investors remained cautious with the hope that the central banks all over the world would soon announce stimulus measures to tackle the weakening global economy.