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IMF Sees 2011 Global Growth Slowdown, Risk of Developed World Double-Dip Recession

Strong policies are urgently needed to increase economic growth and reduce the risk of a double-dip recession in the developed world, the International Monetary Fund (IMF) said in its revised World Economic Outlook. The IMF also decreased its 2011 global GDP growth forecast to 4 percent, down 0.3 percentage points from the June 2011 forecast.

HTC, Verizon bet on purple with Rhyme phone

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HTC Corp is hoping to attract fashion-conscious customers by adding color and accessories to its smartphones as it tries to expand into a new market segment amid slowing growth.

Cell phones may be new tool vs Somalia famine

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Cell phones may bring relief to famine victims in parts of Somalia controlled by al Shabaab insurgents as donors seek new ways to circumvent the hard-line militants, a senior U.S. official said on Tuesday.
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Head of Arab broadcaster Al Jazeera resigns

The head of Arab TV channel Al Jazeera said on Tuesday he was leaving the network, but gave no reason for his departure at a time when the station's coverage has played an important role in unprecedented protest movements rocking the Arab world.
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U.S. credibility at stake if fails to cut debt: IMF

Any effort by the United States to pare its massive public debt without bringing in more revenue and tackling expensive benefit programs will lack credibility, the International Monetary Fund said on Tuesday.
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Wall St gains, but off highs as defensives lead

Stocks advanced on Tuesday, although they eased off session highs, on tentative hopes the U.S. Federal Reserve will offer more economic stimulus and signs of progress in Greek debt talks.
Death Row Inmate Troy Davis Executed in Georgia

Georgia Set to Kill Troy Davis Wednesday

Convicted cop killer Troy Davis is set to be killed in Georgia Wednesday. Davis was denied clemency Tuesday morning by the Georgia Board of Pardons and Paroles, the only authority in the state with the power to commute a death sentence.
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California rebound held back by inland areas

California will trail the nation's economic recovery as its once fast-growing inland areas struggle for years to come with a dearth of jobs and devastated housing markets, a report released on Tuesday said.
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GM labor deal to create over 6,000 jobs

A tentative contract between General Motors Co and the United Autos Workers would create more than 6,000 U.S. factory jobs and pay existing workers profit-sharing bonuses of at least $3,500 in 2012, union officials said on Tuesday.
U.S. President Barack Obama tours Solyndra, Inc., a solar panel manufacturing facility in Fremont

Solyndra Scandal: House to Probe Obama Actions on Solyndra, LightSquared

In light of allegations of inappropriate dealings between the White House and failed energy company Solyndra and wireless start-up LightSquared, U.S. Rep. Darrell Issas, R-Calif., said Tuesday that his committee plans to investigate government loans programs to private companies,The Hill reported.
An electronic board displaying movements in major indices is seen at Johannesburg stock exchange in Sandton

S.African stocks rebound, gold miners rise

South African stocks rose to their highest level in more than six weeks on Tuesday, bouncing back from the previous session's decline, with gold miners among the top gainers as the domestic currency falters and bullion prices cruise higher.
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Libya gets UN welcome, pledges of support

Libya's new flag flew at the United Nations on Tuesday for the first time since Muammar Gaddafi's overthrow as U.S. President Barack Obama called for the last of the deposed leader's loyalists to stop fighting.
Jacob Zuma

African Union finally recognises Libya's NTC

The African Union (AU) recognised the National Transitional Council (NTC) as Libya's de facto government on Tuesday, removing another piece of diplomatic support for ousted leader Muammar Gaddafi.
Worker at Austrian gold bullion plant

Gold Jumps over $1,800 on Expectations of Fed Action

Gold prices rose over the $1,800 mark Tuesday on expectations that the Federal Reserve will decide this week on further steps to stimulate the economy and fresh evidence that the economy needs some stimulation.
Peyton

Stem-Cell Pros: NFL Players Peyton Manning, Terrell Owens Have Therapy, Reports Say

NFL players hoping to extend their playing career apparently don't think stem-cell treatment is a bad idea. Last week came a report that injured Indianapolis Colts quarterback Peyton Manning had stem cell therapy in Europe before having a third neck surgery this month. Now comes a new report that free agent wide receiver Terrell Owens is in South Korea for a three-day stem-cell therapy treatment.

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