IBT Staff Reporter

As the nation's five largest mortgage lenders edge close to a $25 billion settlement over foreclosure abuses, it's becoming clear that the deal will have little or no impact on their future bottom lines.

As the nation's five largest mortgage lenders edge close to a $25 billion settlement over foreclosure abuses, it's becoming clear that the deal will have little or no impact on their future bottom lines.

Coca-Cola Co reported better-than-expected quarterly results and announced a new cost-savings program that it will use to boost its brands and mitigate higher commodity costs.

Beyond the reach of regulators, and about half the size of the world's banking industry, a thriving breed of shadow banks is emerging that could trigger the next chapter in the global financial crisis.

Delaware stands to leave up to $40 million in homeowner relief on the table, if it does not join a multi-state mortgage settlement, according to a letter from the state's banking commissioner seen by Reuters on Tuesday.

The U.S. 9th Circuit of Appeals in San Francisco Tuesday upheld a lower court decision, which had declared unconstitutional California’s controversial Proposition 8 banning same sex marriage.

Police in the German state of Lower-Saxony will soon use their networks of Facebook friends to find missing persons and hunt out suspected criminals, according to the state's interior minister.

A meeting of Greek political leaders to discuss a 130-billion-euro ($172 billion) bailout scheduled for Tuesday has been postponed to Wednesday, a Greek government official said.

A U.S. appeals court on Tuesday found California's gay marriage ban unconstitutional in a case that is likely to lead to a showdown on the issue in the Supreme Court.

Electric car startup Fisker Automotive Inc said on Monday it has suspended work at its U.S. manufacturing plant and laid off 26 workers there while it renegotiates the terms of its $529 million loan from the U.S. Department of Energy.

Todd Phillips' Green Hat Films will stay at Warner Bros. for at least another two years, the studio said Monday.

Lawyers for a U.S. Marine court-martialed for his role in killing Iraqi civilians in Haditha slammed the international hacking collective Anonymous as cowards on Monday after they knocked out the firm's website and published internal e-mails on the web.

Clint Eastwood is setting the record straight about his improbably controversial Chrysler ad that aired on Sunday's Super Bowl.

Two weeks after her hospitalization following a reported night of partying, Demi Moore has been placed in celebrity-friendly rehab facility Cirque Lodge in Utah -- and she has some noteworthy company in the form of Charlie Sheen's ex-wife, Brooke Mueller, Radar Online reports.

Walt Disney Co is expected to show another steady quarter of growth, driven by healthy business at cable networks and theme parks, when the media giant reports results on Tuesday.

In an attempt to regain parents' trust, educational officials said on Monday they are replacing all staff at a Los Angeles school where two instructors are accused of having sexually abused children.

At least two top 10 shareholders in miner Xstrata plan to vote against a takeover by commodities trader Glencore, threatening the creation of a powerhouse spanning mining, agriculture and trading.

Luis Ortiz faces charges of first-degree attempted murder after he allegedly shot police officer Kevin Brennan in the head.

Jateik Reed, who was videotaped being beaten by police officers, is seeking outside counsel to deal with the investigation into the police officers.

The top lawyer at BlackRock Inc is leaving the company, a spokeswoman at the global asset management firm confirmed.

U.S. stocks traded edged higher on Tuesday as investors awaited the outcome of discussions on a bailout package for Greece that would help the country avoid a chaotic default.

The underperforming global economy should not be allowed to delay financial system reforms, a senior official at the Financial Stability Board , a global watchdog set up by the Group of 20 nations, said on Tuesday, adding that the FSB will propose new rules on so-called shadow banking by year-end.

The boss of majority state-owned Royal Bank of Scotland urged his staff to prove the critics wrong and continue a clean-up that has cost 38 billion pounds ($60 billion) in the past three years.

The California State Teachers' Retirement System, the second-largest public pension fund, has made what it called one of the largest single U.S. fund management commitments to infrastructure, investing up to $500 million.

Rogers Communications and BCE are in talks to become Canadian launch partners for Apple Inc.'s much-hyped iTV, which promises to turn conventional television sets into giant iPads, a newspaper reported on Tuesday.

Diversified manufacturer Honeywell International Inc said it expects sales at its defense and space business to fall by 4 percent to 5 percent this year as the United States pares back its military spending.

Greece's government is preparing a document with a list of painful reforms needed to clinch a new financing package, a government official said on Tuesday, moving Athens one step closer to a deal needed to avoid a chaotic debt default.

Bronx residents gathered to protest the killing of 18-year-old Ramarley Graham, who was unarmed when a police officer shot him in the chest.

With more than two dozen schools facing the ax, parents and activists are joining together to shut down Thursday's meeting of the Panel for Education Policy.