IBT Staff Reporter

Honda Motor Co <7267.T> lost its top spot in an influential annual automotive report on quality, while Mazda and Chrysler showed the biggest gains.

It's time for defense, says Bill Gross, manager of the world's largest bond fund.

Apple Inc plans to hold a special event next week where it is expected to unveil the latest version of its popular iPad tablet.

The Dutch parliament, which has been heavily critical of euro zone bailouts, gave grudging backing to Greece's second rescue package on Tuesday saying it was needed to stabilize the currency bloc.

Tenet Healthcare Inc on Tuesday said delayed reimbursements from some insurers caused it to report quarterly earnings below analyst estimates but the No. 3 U.S. hospital chain raised its full-year outlook because it expects to be paid later in the year.

U.S. stocks gained on Tuesday as strong U.S. consumer confidence data outweighed initial disappointment caused by a disappointing report on durable goods orders.

Spain must explain soon to the European Commission why its 2011 budget deficit was substantially higher than expected and deliver clear future budget plans, the Commission said on Tuesday.

Apple Inc plans to hold a special event next week where it is expected to unveil the latest version of its popular iPad tablet.

Apple Inc is hosting a media event next week where it is expected to unveil the latest version of its popular iPad tablet as it looks to thwart increasing competition from deep-pocketed rivals such as Amazon Inc.

Microsoft and several other companies have complained to EU antitrust regulators about Google's social networking tool, two people familiar with the matter said, but they declined to provide the names of the other firms involved.

JPMorgan Chase & Co is using size to its advantage, leveraging the various components of its business to help increase annual earnings more than 25 percent over time, Chief Financial Officer Doug Braunstein said on Tuesday.

Illegal Internet pharmacies are using social media to market drugs to young people, an international report said on Tuesday.

Tenet Healthcare Inc , the No. 3 U.S. hospital chain, posted a quarterly net loss on Tuesday as it restructured debt to reduce interest expense but raised its earnings forecast for 2012.

Consumer confidence scaled a one-year high in February as optimism about the labor market offset concerns over rising gasoline prices, an independent survey showed on Tuesday.

JPMorgan Chase & Co is using size to its advantage, leveraging the various components of its business to help increase annual earnings more than 25 percent over time, Chief Financial Officer Doug Braunstein said on Tuesday.

Microsoft and several other firms have complained to EU antitrust regulators about Google's social networking tool, two people familiar with the matter said, in a move that may prompt the EU to broaden its ongoing investigation into Google.

Tenet Healthcare Inc , the No. 3 U.S. hospital chain, posted a quarterly net loss on Tuesday as it restructured debt to reduce interest expense, but raised its earnings forecast for 2012.

The Federal Housing Administration faces considerable risks to its finances and the Obama administration will continue to scale back the agency's presence in the mortgage market, the top U.S. housing official said on Tuesday.

New orders for long-lasting manufactured goods fell in January by the most in three years as demand slumped across the board, suggesting the economy started the year on weaker footing than expected.

Standard & Poor's on Monday cut Greece's long-term ratings to 'selective default', the second ratings agency to proceed with a widely expected downgrade after the country announced a bond swap plan to lighten its debt burden.

Stocks rose on Tuesday on strong U.S. consumer confidence data, but gains were capped after a report showed a drop in durable goods orders.

New orders for U.S. manufactured goods fell in January by the most in three years as demand fell across the board from machinery to aircraft, suggesting the economy started the year on weaker footing than expected.

Boeing Co was set to make a first delivery of the passenger version of its upgraded 747, its largest and most recognizable commercial airplane, to an unnamed VIP customer on Tuesday, capping a development delay of more than a year.

Consumer confidence scaled a one-year high in February as optimism about the labor market offset concerns over rising gasoline prices, an independent survey showed on Tuesday.

The U.S. banking industry continues to recover from the economic downturn and the 2007-2009 financial crisis, with profits rising over the past year, but the improvement can only continue if lending picks up, the Federal Deposit Insurance Corp said.

CME Group Inc. has received two subpoenas from authorities investigating the collapse of futures broker MF Global, Holdings Ltd, the futures exchange operator said in a regulatory filing on Tuesday.

Microsoft and several other firms have complained to EU antitrust regulators about Google's social networking tool, two people familiar with the matter said, in a move that may prompt the EU to broaden its ongoing investigation into Google.

New orders for long-lasting U.S. manufactured goods fell in January by the most in three years as demand slumped across the board, suggesting the economy started the year on weaker footing than expected.

Greece's central bank is likely to step in to smooth funding for the country's banks after an earlier-than-expected downgrade of the nation's credit rating prevented them from borrowing against Greek government bonds.