IBT Staff Reporter

Lehman Brothers Holdings Inc said on Tuesday that 98.7 percent of creditors representing more than $405 billion in claims had voted to back its reorganization plan, an important step towards ending its bankruptcy.

An American Airlines pension plan default in bankruptcy would be the largest in U.S. history as its accounts are underfunded by $10 billion, government pension insurers estimated on Tuesday.

In a speech at St. Anselm College in Manchester, N.H., on Tuesday, Rick Perry seemed to mix up the voting and drinking ages -- not to mention the date of the coming election. It was a slip of the tongue, not a substantive gaffe -- nobody really thinks Perry doesn't know the voting age -- but it was one of many YouTube-worthy moments of the Republican primary race.

Whipsawing markets continue to baffle supposedly savvy hedge fund managers, who are hobbling again this month after registering a short-lived revival in October.

Judge Jed Rakoff's blunt rejection of a major Citigroup Inc securities fraud settlement could resonate with other judges who share the public's frustration with Wall Street and its regulators.

Google Maps has been helping people find the nearest train station or Starbucks for several years. Now, it can help you find the nearest restroom at an airport or the men's department at Macy's.

The Dow and S&P 500 advanced for a second day on Tuesday as stronger-than-expected consumer confidence data and hopes for further progress on a solution to Europe's fiscal mess bolstered sentiment.

Boeing could be at a disadvantage to rival Airbus as the bankruptcy of American Airlines places up to $40 billion of jet orders at the mercy of a bankruptcy court, lawyers and bankruptcy experts said on Tuesday.

Research In Motion is introducing a software tool that gives corporate customers the option of linking employees' personal iPhones to the BlackBerry network without compromising security.

Lobsters, lakes, and lighthouses make a trip to the Pine Tree State a must, no matter the season.

The trustee liquidating MF Global Holdings Ltd's broker-dealer unit asked a federal bankruptcy judge to authorize the distribution of as much as $2.1 billion to about 36,000 former commodities customers, roughly doubling the total payout to $4.1 billion.

Euro zone ministers struggled to ramp up the firepower of their rescue fund and raised the possibility of asking the IMF for more help on Tuesday after Italy's borrowing costs hit a euro lifetime high of nearly 8 percent.

American Airlines shares were having their busiest day in history on Tuesday after the company's parent filed for bankruptcy, even taking account of 16 mandatory trading halts due to the volatility.

Rep. Barney Frank announced this week that he would not seek reelection to the House in 2012, ending a career of three decades. Here are a few of the most memorable moments the Massachusetts Democrat leaves us with.

Japan's Olympus Corp has launched a review of its business structure, according to an internal memo, amid speculation the 92-year-old company may have to sell assets in order to survive a massive accounting scandal.

A woman gave birth in a restroom at Baltimore's airport after arriving on a flight, an airport spokesman said on Monday.

Do you prefer to think of 2011's top diva, Adele, as a lonely, wounded wallflower, brooding quietly, obsessively, and soulfully over her lost loves? Or as the brassy, ballsy best friend you can't shut up?

The Federal Communications Commission will allow AT&T to withdraw its application for merger with T-Mobile USA after the commission originally said it couldn't, a person familiar with the matter told The Wall Street Journal.

Michael Jackson's personal physician, Dr. Conrad Murray, on Tuesday was sentenced to four years in jail and denied probation for his conviction on a charge of involuntary manslaughter in the pop star's death.

Dark Knight Rises star Anne Hathaway and her beau Adam Shulman were spotted canoodling in the park near their Brooklyn, N.Y., home on Sunday.

Herman Cain, facing new accusations of a 13-year affair, is reassessing whether to stay in the race for the Republican presidential nomination. With growing evidence against him, can Cain salvage his campaign?

Americans shook off some of their concerns about the economy this month but a surprise fall in house prices in September underscored the weak foundations of the recovery.

Americans shook off some of their concerns about the economy this month but a surprise fall in house prices in September underscored the weak foundations of the recovery.

The Kontinental Hockey League (KHL) banned Vityaz Chekhov's Canadian forward Jeremy Yablonski for the rest of the season on Tuesday, effectively ending his playing career in Russia.

Sugarland's Jennifer Nettles, 37, got married to Justin Miller on Saturday near the Smoky Mountains in Tennesee.

The Dow and S&P 500 advanced for a second day on Tuesday as consumer confidence data was stronger than expected and investors eyed further progress on a solution to Europe's fiscal mess.

The four AAA-rated U.S. insurance companies will not be placed on negative outlook, even though the U.S. sovereign outlook has been cut to negative, Fitch Ratings said on Tuesday.

Cyber Monday online sales jumped to a record, led by department stores and home goods retailers, according to U.S. data released on Tuesday.

Rep. Barney Frank announced this week that he would not seek reelection to the House in 2012, ending a career of three decades. Here are a few of the most memorable moments the Massachusetts Democrat leaves us with.