IBT Staff Reporter

A federal appeals court dismissed a lawsuit seeking to hold JPMorgan Chase & Co responsible for services allegedly provided by the former Washington Mutual Inc to advance a Ponzi scheme at Caribbean-based Millennium Bank.

The United States on Tuesday dealt a blow to U.S. manufacturers of solar panels and boosted shares in their Chinese rivals when it imposed preliminary punitive duties of less than 5 percent on imports from China.

Dan Magder recently gave up a top job with private equity firm Lone Star Funds to strike out on his own and become a landlord.

Greece has received the first 7.5 billion euros ($ 9.9 billion) of aid from its new EU/IMF bailout, with the bulk of the payment going to repay bonds held by the euro zone's central banks, government officials said on Tuesday.

An influential consumer watchdog is investigating online reports that Apple Inc's new iPad throws off an unusually large amount of heat and will publish its findings later on Tuesday.

Aereo Inc, an online television service backed by billionaire Barry Diller, filed a second countersuit against major broadcasters that want to stop it from retransmitting their programming.

Before his death, Apple Inc's Steve Jobs famously promised to go thermonuclear against smartphones running Google's Android software, saying they use technology ripped off from the iPhone.

Stocks retreated from a near 4-year high on Tuesday on signs that indicated China's economy may be slowing.

Permits for homebuilding neared a 3.5-year high in February, suggesting a budding recovery in the housing market was still on track even though groundbreaking activity slipped.

An influential U.S. consumer watchdog is investigating online reports that Apple Inc's new iPad throws off an unusually large amount of heat and will publish its findings later on Tuesday.

Angry Birds maker Rovio is teaming up with a major U.S. retail chain to put its branded toys, books and T-shirts in dedicated areas of thousands of stores nationwide, the Finnish company's marketing chief told Reuters on Tuesday.

JPMorgan Chase & Co agreed to pay $150 million to settle a lawsuit by pension funds and other investors accusing the largest U.S. bank of imprudently investing their cash in a risky debt vehicle that collapsed in 2008.

U.S. stocks fell on Tuesday after a 3-day winning streak for the S&P 500 on concerns that China's economy may be slowing down.

Tiffany & Co said its business was back on track in the first quarter after a holiday scare, and the high-end jeweler forecast higher sales and profit for 2012, sending shares up nearly 7 percent.

Sales of smartphones with Microsoft Windows software have surpassed those using Nokia's old Symbian system in Britain, research showed on Tuesday, a sign of progress in Nokia's switch to Microsoft software.

Apple Inc CEO Tim Cook, moving swiftly after taking over from late Silicon Valley icon Steve Jobs, fulfilled a longstanding desire of investors by initiating a quarterly dividend and share buyback that will pay out $45 billion over three years.

Glencore , the world's largest commodities trader, is buying Canada's leading grain handler, Viterra , in a cash deal valuing it at C$6.1 billion ($6.2 billion).

A South African lawyer said on Tuesday he was preparing a class action lawsuit against leading gold mining firms on behalf of thousands of former miners who say they contracted silicosis, a debilitating lung disease, through negligent health and safety.

Stocks fell at the open on Tuesday as equities paused after a 3-day winning streak for the S&P 500, which came within 10 percent of a historic closing high.

India will urge its airlines not to take part in the European Union Emissions Trading Scheme , a senior official said, the latest salvo in an escalating row over an EU law requiring all flights in and out of Europe to pay for their emissions.

Commodities trader Glencore , backed by partners Richardson International and Agrium Inc , has agreed to buy Canada's Viterra in a cash deal valuing the country's largest grain handler at C$6.1 billion ($6.2 billion).

New York Times Co said on Tuesday it will halve the number of free articles readers can view on its NYTimes.com site.

Stock were set for a lower open on Tuesday as equities appeared ready to pause after the S&P 500 advanced for a third straight session, moving within 10 percent of its historic closing high.

Permits for U.S. homebuilding neared a 3-1/2 year high in February, even as groundbreaking activity slipped, suggesting a nascent recovery in the housing market was still on track.

Cisco Systems is expanding its services to enable companies to manage and secure private mobile devices used by employees at work, aiming to benefit from the trend widely known as BYOD or Bring Your Own Device.

Stock index futures fell on Tuesday ahead of housing market data after the S&P 500 advanced for a third straight session, moving within 10 percent of its historic closing high.

Stock index futures fell on Tuesday ahead of housing market data after the S&P 500 advanced for a third straight session, moving within 10 percent of its historic closing high.

Swiss bankers are on the defensive with their secretive industry under sustained attack for sheltering tax dodgers. Some cannot travel abroad for fear of arrest in tax investigations.

Greece's current account deficit shrank 46 percent year on year in January, helped by a smaller trade gap, the country's central bank said on Tuesday, in a rare bit of good news for the recession-hit economy.