IBT Staff Reporter

Russia is slated to support Palestine in its bid for recognition as a member state at the United Nations, according to one Palestinian official.

South Korea's antitrust watchdog said Tuesday it had approved U.S. online auctioneer eBay Inc's move to merge its two e-commerce units in the country.

On July 4th morning, President Barack Obama allegedly died from two gunshot wounds while campaigning in Iowa, according to a series of six messages on the Fox News Twitter account, which was hacked by a group that identified themselves as Script Kiddies. In reality, President Barack Obama celebrated Independence Day at the White House, and praised military service members who have served and sacrificed for the United States in protecting the freedoms of its citizens.

With the European clubs all scheduled to return for pre-season training, here is a list of all the fixtures of the big-clubs till the start of the new season in August. Despite being friendlies, there are some eyecatching fixtures, including a repeat of last season's champions league final between Barcelona and Manchester United.

At an estimated $97.5 million, Transformers: Dark of the Moon beat the Independence Day box office record.

Harry Potter mega stars take the high road when it comes to alcohol and partying--a rarity among child actors.

Long-term investors standing aloof from the Greek debt crisis want holders of its government bonds to take a loss big enough to slash the country's debt to sustainable levels before they consider returning.

LightSquared, the telecom start-up backed by Philip Falcone's Harbinger Capital hedge fund, said on Tuesday that it has raised $265 million in funding from existing and new investors.

Ben Ali left in January, but it's old tricks in Tunis, according to Tunisian politicians.

International banks and insurers will thrash out improvements to a plan for the private sector to contribute to Greece's bailout effort at a meeting in Paris on Wednesday, in a bid to prevent the proposal coming unstuck.

Former IMF chief Dominique Strauss-Kahn inched closer on Tuesday to having U.S. sex assault charges against him dropped although a complaint of assault in France could pose a further hurdle to any political comeback.

Stocks were little changed on Tuesday as the market consolidated after strong gains last week and manufacturing data did little to boost investors' sentiment.

Stocks edged lower on Tuesday after stocks had their best week in two years last week and traders waited for direction from U.S. manufacturing data due later in the session.

Nokia has cut the prices of its smartphones in Europe in an attempt to slow the decline in its share of the higher end of the market, two industry sources said on Tuesday.

Ousted Wimbledon champion Serena Williams has taken a giant fall in the latest WTA world rankings, plummeting 150 places to 175th.

A badly decomposed woman's body was discovered in Fall Creek in North East Indianapolis on Sunday evening. The owner of the body could be one of the two missing women: the Indiana University student Lauren Spierer or Noblesville great-grandmother Dorothy Mae Heard.

Nokia has cut prices of smartphones across its portfolio from early July in an attempt to slow the decline of its share in the higher-end of the cellphone market, two industry sources said on Tuesday.

Stock index futures were poised for a slightly lower open on Tuesday before factory orders data and after stocks had their best week in two years last week, leaving the market primed for a decline.

Serial entrepreneur, dog lover, social networking czar and Zynga Inc founder Mark Pincus on Friday took a big step toward joining Wall Street's Internet elite.

Apple has placed an order for 15 million iPhone 5s with Taiwan-based note-book maker Pegatron Technology which will start shipping them in September 2011.

European services growth slowed in June in the face of sluggish new orders and rising interest rates, giving firms less optimism about the year ahead, business surveys showed on Tuesday.

South Korean regulators are set to launch a probe into Hana Bank's 1.5 trillion won ($1.4 billion) loan to a unit of U.S. buyout fund Lone Star that holds a majority stake in Korea Exchange Bank <004940.KS>, an official said on Tuesday.

New York Attorney General has issued subpoenas to at least nine leading life insurers to examine whether the firms have adequately ensured payouts on policies of some deceased customers, the Wall Street Journal said, citing people familiar with the matter.

Prosecutors will drop sexual assault charges against ex-IMF chief Dominique Strauss-Kahn at his next court appearance in two weeks, or earlier, because of doubts about the credibility of the alleged victim, the New York Post said Tuesday.

International banks are meeting in Paris Tuesday to discuss France's proposed plan for the private sector to contribute to Greece's bailout effort, people familiar with the matter said.

Google+, which had generated ‘insane demand’ within a couple of days of its launch, could easily beat the Facebook frenzy of more than 500 million users, if it could get access to the information of the long preserved friends in Facebook.

Japan's Fujifilm aims to become the world's fourth largest camera maker by next March and the No. 3 manufacturer two years later, overtaking first rival Samsung and then Nikon, a senior company executive said.

China's local government debt burden may be 3.5 trillion yuan ($540 billion) larger than auditors estimated, putting banks on the hook for deeper losses that could threaten their credit ratings, Moody's said on Tuesday.

Stock index futures rose slightly on Tuesday before factory orders data and after stocks had their best week in two years last week.