IBT Staff Reporter

According to a survey of approximately 400 merchants who have worked with daily deal sites, 52 percent say they have no plans to feature deals in the next six months.

Wall Street stocks kicked off 2012 with a rally on Tuesday after construction and factory data signaled the U.S. economic recovery was gaining steam.

Research In Motion is close to a decision on stripping its co-chief executives of their other shared role as chairman of the board, a newspaper said on Tuesday, a change that could meet a key demand from angry and disillusioned investors.

Manufacturing grew at its fastest pace in six months in December, capping a late-year upswing, but a European slump and rising oil prices posed threats to the U.S. economy in the new year.

Manufacturing grew at its fastest pace in six months in December, capping a late-year upswing, but a European slump and rising oil prices posed threats to the U.S. economy in the new year.

Shares of Micron Technology Inc climbed as much as 11 percent after Barclays Capital raised the chip devices maker's stock to overweight, even as the brokerage downgraded five other stocks from the sector, including Intel Corp.

The board of UniCredit , Italy's biggest bank by assets, will discuss on Wednesday the terms of a 7.5 billion euro capital increase aimed at shoring up its financial strength, a source close to the bank told Reuters.

More than 10 million Facebook users play glitzy Diamond Dash each month, according to developer Wooga, making it one of the most popular games on the social networking site.

The Federal Reserve said on Tuesday it will begin issuing later this month policymaker forecasts for its benchmark interest rate and when officials expect the first rate rise to occur.

3M Co will expand its office supplies business with the $550 million cash purchase of Avery Dennison Corp's office and consumer products unit, which includes Avery labels and HI-LITERS markers, the companies said on Tuesday.

Wall Street stocks kicked off 2012 with a rally on Tuesday after data showed U.S. manufacturing activity and construction spending picked up, signaling the economic recovery was gaining steam.

JPMorgan Chase & Co has been sued for $95 million by the trustee for securities marketed in 2005 by the former Bear Stearns Cos over alleged misrepresentations regarding the underlying mortgage loans.

Investment bank JPMorgan upgraded its recommendation for Cisco Systems to overweight and raised its price target for the network equipment maker on expectations of a rebound in public sector spending and improved margins in 2012.

Manufacturing activity picked up nationwide in December, with new orders and employment improving, according to a national survey of purchasing managers.

Research In Motion is on the verge of stripping its co-chief executives of their other shared role as chairman of the board, a Canadian newspaper reported on Tuesday, raising hopes among investors in the struggling BlackBerry maker.

Devon Energy Corp said on Tuesday China's Sinopec <0386.HK> will invest $2.2 billion for a third of the U.S. oil and natural gas producer's interest in five developing fields as part of a long-term partnership.

Wall Street stocks kicked off 2012 with a sharp rally on Tuesday after data showed U.S. manufacturing activity and construction spending picked up, signaling the economic recovery was gaining steam.

The Madison Square Garden Company and Time Warner Cable spat may go on for a while after MSG Networks was pulled from the New York-based cable company's lineup Sunday after the two parties failed to come to an agreement on how much Time Warner Cable would pay for MSG services.

Sears Holdings Corp named former Brookstone Inc chief executive Ron Boire as its chief merchandising officer as it tries to tackle criticism that it did not have enough executives with retail experience to turn around the struggling chain.

Manufacturing grew at the fastest pace in six months in December, capping a late-year rally in the sector, while a rise in new orders suggested good momentum in 2012, an industry report showed on Tuesday.

Construction spending surged to a near 1-1/2 year high in November as investment in public and private projects rose solidly, cementing expectations of

Billionaire hedge fund manager Philip Falcone's LightSquared Inc on Tuesday named telecommunications veteran Marc Montagner as chief financial officer, replacing Michael Montemarano.

Pressure grew on Hungary to change its policies to satisfy international lenders on Tuesday after bond yields jumped above 10 percent and the European Commission told the government to safeguard the central bank's independence.

Shares of Mead Johnson rose over 5 percent before the bell on Tuesday, after U.S. health officials said on Friday that the company's sealed cans of Enfamil baby formula were clear from a potentially deadly bacteria.

Wall Street stocks kicked off 2012 with a sharp rally on Tuesday after data showed U.S. manufacturing activity and construction spending picked up, signaling the economic recovery was gaining steam.

BP has opened 2012 with a new legal move in its battle to force contractor Halliburton to help pay the costs and expenses it incurred to clean up the 2010 Gulf of Mexico oil spill, which the oil major previously put at around $42 billion.

Stocks slightly added to their sharp gains on Tuesday, with both the Dow and S&P advancing two percent after data on construction spending and manufacturing came in higher than expected.

U.S. semiconductor stocks are in for a volatile 2012 as inventory correction extends into the first quarter, and an industry recovery due only in the second half, Barclays Capital said and downgraded five stocks, including Intel Corp.

Wall Street stocks were set for a sharply higher open on Tuesday as upbeat Chinese and German data boosted optimism about the global economy after the S&P 500 index ended flat in 2011.