BUSINESS

China's dominant search engine Baidu Inc reported $677.1 million revenue for the first quarter, which is up 75 percent compared to the same period a year ago, but disappointed the market with a bleak outlook for the next quarter.

A New York judge on Tuesday rejected an effort by American International Group Inc and other objectors to Bank of America Corp's proposed $8.5 billion mortgage bond settlement to convert the case to a proceeding that may have widened its scope.

American International Group Inc has sued the co-founder and former chief executive of its aircraft-leasing unit, Steven Udvar-Hazy, accusing him and other former employees of stealing several thousand electronic files containing trade secrets.

A recent acquisition spurt by Facebook Inc may add about a week to the social network's journey to public markets, a source with knowledge of the situation said on Tuesday.

A New York judge on Tuesday rejected an effort by AIG Inc (AIG.N) and other objectors to Bank of America Corp's (BAC.N) proposed $8.5 billion mortgage bond settlement to convert the case to a proceeding that may have widened its scope.

Google's former CEO told jurors that he was confident that the Android smartphone platform was developed legally, and that top executives at Sun Microsystems did not object to the project now at the center of a high-stakes court battle.

For the 19th time in the last 20 quarters, Apple reported sales that exceeded Wall Street's estimates. Not bad for a company started out of a garage. On Tuesday, Apple followed-up its most successful quarter in company history with its Q2 2012 financial results.

A federal judge on Tuesday authorized the trustee liquidating MF Global Holdings Inc's brokerage unit to distribute as much as $685 million to customers whose accounts had been frozen when the futures brokerage went bankrupt.

Goldman Sachs Group Inc must defend fraud claims brought by a bond insurance company over its notorious Abacus mortgage product deal, a New York state judge ruled, but she decided that the investment bank did not unjustly enrich itself.

Police in riot gear arrested two dozen people on Tuesday as protesters with a huge inflated rat sought to disrupt a Wells Fargo & Co annual shareholder meeting to express anger over foreclosures, executive compensation and corporate taxes.

There?s been a lot of buzz about next-generation gaming consoles, with Sony?s upcoming PlayStation 4 known internally as ?Orbis,? Microsoft?s Xbox 720 code named ?Durango? and Nintendo?s double-screen experienced Wii U. Despite the generated hype, market analysts say that this next breed of gaming devices will not reach the same audience its predecessors did.

The European Union is preparing to file a complaint with the World Trade Organization over Argentina's new import restrictions, and may seek additional action in response to the country's recent nationalization of its largest oil firm YPF. The Argentinian government seized control of the company from Spanish oil major Repsol.

Iran announced Tuesday that it has recalled a diplomat from Brazil and is investigating charges that he inappropriately touching underage girls at a swimming pool in the capital Brasilia.

Kurt Mix, a former BP engineer arrested Tuesday for allegedly destroying evidence in the BP Deepwater Horizon investigation, was released on bail.

As the search for missing 6-year-old Tucson girl Isabel Celis continues with very few leads, the family has offered a reward for any information that can help authorities.

Gulf Coast shrimp processors are asking a federal judge to delay final approval of the $7.8 billion settlement between BP and third-party claimants over the 2010 Gulf oil spill.

European and U.S. stocks rose Tuesday as a negative sentiment the day before gave way to an upbeat, risk-on sentiment, despite weak economic news from the United States.

Hospitals would be crushed from the cost of caring for uninsured Americans if the U.S. Supreme Court overturns the health care reform mandate, which requires that most people obtain coverage, Moody's Investor Service said.

Hedge fund manager Philip Falcone will face a united front when negotiating with key investors that own bank debt sold by LightSquared, the money-losing wireless telecom company controlled by his fund.

Apple Inc. (Nasdaq: AAPL), the world's most valuable technology company, reported second-quarter financial results that blew past analyst expectations.

The Dow and the S&P 500 rose on Tuesday after strong earnings and upbeat outlooks from big manufacturers like 3M Co , but Apple's slide ahead of its results drove the Nasdaq down.

Ted Nugent made a deal with federal prosecutors on charges he illegally killed a bear in Alaska for his reality show and will now have to pay a $10,000 fine and make a public service announcement about responsible hunting that will appear on the show.

Ford Motor Co. (NYSE: F) won back its investment-grade credit rating Tuesday from Fitch Ratings on the automaker's significantly improved financial performance, balance sheet repair and product portfolio improvement.

Over the past three decades, South Korea has catapulted itself from Third World-caliber poverty to becoming a technologically superior economic powerhouse.

Embattled Wal-Mart vice chairman Eduardo Castro-Wright has resigned from the board of MetLife, the largest life insurer in the United States, the company said on Tuesday.

At the Beijing Auto Show on Monday Lamborghini unveiled their first sports utility vehicle (SUV) in almost 20 years, the Urus, which will cost $200,000 and likely be available for purchase in 2015. Research and development director Maurizio Reggiani revealed details and specs regarding the new model in an interview with Automobile Magazine. Check out the interview and photos of the car here.

The thrill of walking in the footsteps of Roald Amundsen and Robert Falcon Scott has put Antarctica back on the tourist map this year.

There's been a lot of hype surrounding the next Call of Duty title, which is said to be a follow-up to 2010's widely popular Black Ops. However, recent leak indicates that Treyarch may have something different up its sleeve.

The Dow and the S&P 500 rose on Tuesday after strong earnings from big manufacturers and AT&T, but the Nasdaq fell with Apple and other large-cap tech companies.