IBT Staff Reporter

Stocks surged more than 2 percent on Tuesday as positive economic data at home and abroad cheered investors after some recent declines, though low volume was seen as exaggerating the market impact.

The Federal Reserve proposed on Tuesday new capital and liquidity rules for the largest banks that would roll out in two phases and not likely go further than international standards.

As United Technologies Corp gets ready to close the biggest takeover in its history, Goodrich Corp , CEO Louis Chenevert is scouring the diversified manufacturer's portfolio for businesses to sell.

Research In Motion's sales in the United States fell for a fifth straight quarter in the third quarter even as the BlackBerry maker's overall revenue jumped by $1 billion from a year earlier, a regulatory filing released on Tuesday showed.

General Mills Inc posted disappointing quarterly earnings, hurt by weaker-than-expected margins, and its shares fell more than 2 percent, while rival ConAgra Foods Inc topped Wall Street's expectations, sending shares up 4 percent.

A former UBS trader accused of carrying out a $2.3 billion rogue trading fraud that rocked the Swiss bank was given more time on Tuesday to consider his plea after changing his legal team.

Navistar International Corp's Chief Executive Dan Ustian reiterated his interest in forging a collaboration with Oshkosh Corp following another wave of investor comments on the potential merger of the two rivals.

Stocks extended gains on Tuesday, with the Nasdaq rising 3 percent as investors latched onto signs of easing stress in Europe's bond markets as well as positive economic data at home and abroad.

Hedge fund manager David Einhorn is taking an even harder line against Green Mountain Coffee Roasters , his big short trade, claiming a recent audit committee review of the accounting issues he flagged is nothing more than a whitewash.

Stocks rebounded sharply on Tuesday as investors latched onto signs of easing stress in Europe's bond markets as well as some positive economic data at home and abroad.

The Family Leader, an influential Christian conservative group in Iowa, will remain neutral in the Republican primaries, but President Bob Vander Plaats and board member Chuck Hurley personally endorsed Rick Santorum.

German business sentiment rose sharply in December, defying expectations for a decline and underscoring the resilience of Europe's dominant economy in the face of a sovereign debt crisis that has hammered euro zone growth.

One of the owners of three of the largest Internet poker companies pleaded guilty on Tuesday to a criminal charge of deceiving U.S. banks over the processing of gambling proceeds.

Housing starts surged to a 1-1/2 year high in November and permits for future construction were the highest since March 2010 as demand for rental apartments rose, offering hope for the weak housing market.

U.S. housing starts surged to a 1-1/2 year high in November and permits for future construction were the highest since March 2010 as demand for rental apartments rose, offering hope for the weak housing market.

General Mills Inc posted disappointing quarterly earnings, hurt by higher ingredient costs, and its shares fell nearly 3 percent, while rival ConAgra Foods Inc topped Wall Street's expectations.

General Mills Inc reported lower-than-expected quarterly earnings on Tuesday, as higher ingredient costs hurt gross margins.

In a sign Vladimir Putin's allies may be getting serious about tackling the biggest protests of his 12-year rule, a loyal media outlet has published telephone calls of an opposition leader laced with profanities denigrating colleagues and followers.

Apple has bought Israel's Anobit, a maker of flash storage technology, for up to $500 million, the Calcalist financial daily reported on Tuesday.

Stocks rebounded sharply Tuesday as a drop in Spain's borrowing costs and unexpectedly strong economic data from Germany eased euro zone debt worries.

Michael Woodford, the ousted boss of Japan's Olympus Corp, has won the battle to force his former employer to admit to more than a decade of accounting fraud. His bid to return as chief executive officer, however, appears doomed.

Newt Gingrich won the Tea Party Patriots straw poll on Monday, edging out Michele Bachmann and beating Mitt Romney and Rick Santorum by a large margin. It was a good sign for his campaign in the wake of fading support in national polls.

Stocks were poised to rebound at the open Tuesday after declines in the prior session as a drop in Spain's borrowing costs and unexpectedly positive data from Germany eased euro zone debt worries.

Stock index futures rose on Tuesday, indicating equities will rebound from declines in the prior session as borrowing costs in Spain fell and worries about the euro zone's debt crisis eased.

Google Inc and TransCanada Corp announced deals to buy solar power projects on Tuesday, just days after billionaire Warren Buffett made his second major purchase in the sector.

Deutsche Telekom offered no detailed plan of how it will bounce back from the collapse of its deal with AT&T, only assuring investors on Tuesday it was working on a long-term plan for its subscale U.S. wireless unit.

Stock index futures rose Tuesday, indicating equities will rebound from declines in the prior session as a drop in Spain's borrowing costs and unexpectedly positive data from Germany eased euro zone debt worries.

Envision never reaching for your wallet on vacation. Sound perfect? Here are six dream-worthy all-inclusive resorts in the Caribbean that offer just that.

Olympus Corp is preparing to issue about $1.28 billion (100 billion yen) in new shares to bolster its depleted finances, with Japanese high-tech stalwarts Sony and Fujifilm seen as possible buyers, the Nikkei business daily reported.