IBT Staff Reporter

Online streaming music service Pandora Media Inc reported a rise in total revenue on strong advertising sales, beating expectations.

Jon Corzine, who has been publicly silent since resigning as MF Global Holdings Ltd's chief executive on November 4, was asked to appear before Congress next month to explain how his futures brokerage collapsed into bankruptcy so fast.

Hewlett-Packard Co does not have to turn over to a shareholder an internal report that led to the departure of former chief executive Mark Hurd, Delaware's Supreme Court ruled.

Airbus and Boeing are bidding to sell around 150 jets to United Continental as the world's largest airline joins an industry-wide scramble for fuel savings, people familiar with the matter said.

AT&T Inc was dealt a blow on Tuesday as the top U.S. communications regulator sought to have its planned $39 billion purchase of T-Mobile USA sent to an administrative law judge for review.

It's a good thing Kirstie Alley took a shine to busting a move on Dancing with the Stars last season, particularly because the Cheers actress told People Monday that the 100 pounds she lost by getting back on the dance floor afterward was a lot more fun than going near a treadmill.

Netflix Inc's shares dropped as much as 7 percent on Tuesday after it warned of a loss for 2012, a move the prompted several Wall Street analysts to cut their price targets for the online video and DVD rental company.

Activist investor Carl Icahn reported in a regulatory filing that he sold 2.9 million shares of Motorola Mobility Holdings Inc for $114 million.

Hewlett Packard's new Chief Executive, Meg Whitman, passed her first test with investors, calming nerves and assuring Wall Street that the technology giant will be disciplined with its investments and focused on core operational improvements.

Federal Communications Commission Chairman Julius Genachowski will seek an administrative hearing on AT&T Inc's proposed $39 billion deal to acquire Deutsche Telekom AG's T-Mobile USA, the agency said on Tuesday.

A judge approved the appointment of a bankruptcy trustee for MF Global Holdings Ltd , wresting control of the remains of the futures brokerage once run by Jon Corzine from its current management.

Oakland Mayor Jean Quan has appointed City Hall veteran Anne Campbell Washington as her chief of staff to placate her critics.

States are crafting a scaled-back mortgage abuses settlement with top U.S. banks that would exclude California, one of the states hardest hit by foreclosures and falling home prices.

The sacked chief executive of Japan's disgraced Olympus Corp says he has accepted an invitation to attend the company's board meeting this week, which could be a hopeful sign for investors who want him to return and lead a clean-up of the firm.

Hewlett-Packard is trying to enlist European antitrust authorities to investigate whether Oracle improperly leveraged its strength in software to freeze HP out of certain parts of the hardware market, attorneys for both companies said in court.

AT&T Inc was dealt a blow on Tuesday as the top U.S. communications regulator sought to have its planned $39 billion purchase of T-Mobile USA sent to an administrative law judge for review.

Merck & Co will pay roughly $950 million to settle criminal and civil charges that it promoted the painkiller drug Vioxx for an unapproved use, the U.S. Justice Department said on Tuesday.

Amazon Kindle users can no longer borrow electronic versions of Penguin books at libraries, a move that's drawn the ire of the American Library Association.

The Federal Reserve appears to be edging closer to providing financial markets with more detail to gauge the likely path of monetary policy as a way to buttress a weak recovery.

Small wireless carriers, such as U.S. Cellular and MetroPCS, provide low-cost alternatives to companies such as AT&T and Verizon. However, companies and industry experts are split on how the AT&T/T-Mobile merger will affect the smaller companies.

The U.S. economy grew more slowly than previously estimated in the third quarter, but a drawing down of stocks held by companies and firm consumer spending suggested output would pick up in late 2011.

The U.S. Federal Reserve held a wide-ranging debate on communications strategy at its most recent meeting, suggesting a shift in the way it frames policy may be its next step to buttress a weak recovery.

Stocks fell for a fifth day in a row on Tuesday, having lost more than 5 percent over that period as borrowing costs in Spain hit another record high.

BlackBerry maker Research In Motion has moved next month's Asian developer conference from Bangkok to Singapore due to flooding in the Thai capital.

The chairman of the Federal Communications Commission plans to seek an administrative hearing on AT&T's proposed $39 billion deal to acquire T-Mobile USA.

Chinese solar companies including Suntech Power Holdings Co Ltd, JA Solar Holdings Co Ltd and LDK Solar Co Ltd posted larger-than-expected quarterly losses and warned that the sector's bleak outlook would continue well into next year.

The Federal Reserve plans to stress test six large U.S. banks against a hypothetical market shock, including a deterioration of the European debt crisis.

Merck & Co will pay roughly $950 million to settle criminal and civil charges that it promoted the painkiller Vioxx for an unapproved use, the U.S. Justice Department said on Tuesday.

Chinese solar companies including Suntech Power Holdings Co Ltd, JA Solar Holdings Co Ltd and LDK Solar Co Ltd posted larger-than-expected quarterly losses and warned that the sector's bleak outlook would continue well into next year.