IBT Staff Reporter

Stocks edged lower on Tuesday as a rebound in commodity prices failed to offset lingering concerns about a slowdown in industrial growth.

Russian internet search firm Yandex's initial public offering was oversubscribed by 17 times, a source said, as analysts predicted big price gains when its stock starts trading on the U.S. Nasdaq exchange on Tuesday.

In the latest episode of Dancing With the Stars Kirstie Alley and Maksim Chmerkovskiy danced freestyle and received a very respectable score from the judges. Three of the judges scored the dance with a 9.

French President Nicolas Sarkozy urged Internet leaders gathered in Paris on Tuesday to work with governments and share fairly the benefits of a revolution he compared to the discoveries of Columbus, Galileo and Newton.

An adult-oriented social networking site has fired back at Facebook in court, denying that it is infringing on any of Facebook's trademarks and filing a countersuit.

G8 leaders will discuss aid for North African states after recent popular uprisings and ways to end the conflict in Libya at a summit this week, but could get sidetracked by wrangling over who should be the new IMF chief.

Oil rose on Tuesday in choppy trading after Goldman Sachs raised its price forecasts for Brent crude, saying demand from economic growth will eat into stockpiles and OPEC spare capacity.

New single-family home sales rose for a second straight month in April and supply was the lowest in a year, but an overhang of previously owned homes on the market will stifle any housing market recovery.

Shares of Russian Internet company Yandex NV surged more than 40 percent in their debut on Tuesday, in the largest U.S. initial public offering in the Internet sector since Google Inc.

Latest phone features from Windows include upgrades to communication, apps and internet

New U.S. single-family home sales rose unexpectedly in April to notch their second straight month of gains and prices increased, according to a government report on Tuesday that offered some hope for the stagnant housing market.

Consumers, already hard hit by a sharp collapse in home prices, are facing renewed challenges from higher gasoline costs, Federal Reserve Governor Elizabeth Duke said on Tuesday.

Microsoft Corp launched an update of its Windows phone software on Tuesday, hoping a host of new features will help it close the gap on smartphone leaders Google Inc and Apple Inc.

Harold Camping, breaking his silence on May 23, seems to expect Doomsday followers to cope on their own.

Harold Camping effectively pushed back the Rapture and End of the World to October 21, 2011 on Monday, saying a May 21 Doomsday prediction took place spiritually on Saturday.

Take a helping of Russian genius, add a portion of risk appetite and stir in a lot of patience, and you have the recipe for the resounding success of search engine Yandex's U.S. stock market float.

Opera Software unveiled a new version of its mobile browser for Apple's iPhone and iPad on Tuesday.

Bernard Hopkins recent victory over Jean Pascal at the age of 46 to claim the light heavyweight title seems straight out of a movie.

In an event Tuesday morning in New York City, Barnes & Noble Inc unveiled the latest addition to its line of Nook e-readers. While the new product will simply be referred to as the new Nook, the bookseller has dubbed it has The Simple Touch Reader, as it features a 6-inch E-ink touchscreen display. The device will launch at $139, which is less than what the original Nook's current price.

Harold Camping, the man who grabbed countless media attention as a result of his Judgement Day prediction, has revised his prophecy. The Evangelical radio broadcaster now understands that his prediction was five months off. Judgement Day, he said, will actually be October 21.

Several sources, including the New York Daily News, are reporting that the New York Jets are considering Randy Moss as an addition to their backfield.

Leap Wireless International Inc is opposing AT&T Inc's planned $39 billion acquisition of T-Mobile USA on the grounds that it would harm consumers.

NASA's satellites are at work again, getting images of the Grímsvötn volcano in Iceland from space.

This past weekend, country music superstar, Taylor Swift, raised $750,000 for the Community Foundation of Tennessee and the recent tornado victims.

St. Louis Federal Reserve President James Bullard said on Monday that stripping energy and food costs from inflation measurements may understate inflation. Ignoring energy prices in a price index may systematically understate inflation for many years, he added.

Harold Camping says he will no longer preach about the end of the world.

Data from the latest report in the journal Obstetrics and Gynecology shows that abortion rates were lower in most groups of U.S. women, but still on the rise among low-income women.

Japan's government maintained its overall view that the economy remained weak in the aftermath of the March earthquake, but downgraded its assessment of capital spending in a monthly report published on Tuesday.

An 899 million euro ($1.3 billion) EU antitrust fine was excessive and undeserved, Microsoft Corp told an EU court on Tuesday in a case which could draw a line under a decade of legal battles.