IBT Staff Reporter

IMF chief Dominique Strauss-Kahn has been sent to custody at New York's Rikers Island jail on charges of sexual assault.

International Criminal Court’s (ICC) chief prosecutor has applied for an arrest warrant for Muammar Gaddafi on charges of crimes against humanity

Employees at Nissan Motor Co <7201.T> are working hard to restore quake-hit production at Japan's No.2 automaker to full levels before its October target, although such an early recovery may be hard to achieve, Chief Executive Carlos Ghosn said on Tuesday.

Japanese stocks slipped on Tuesday amid signs of a slowdown in the U.S. economic recovery that pushed global stocks and oil prices lower a day earlier but there were few fresh factors to have a bearing.

General Motors plans to invest about $2 billion in U.S. assembly and component plants, creating or preserving more than 4,000 jobs at 17 facilities in eight states, the carmaker said in a statement.

The recovery in the supply of parts to Honda Motor <7267.T> is gathering pace, the automaker said on Tuesday, as the firm looks to bring forward its return to normal production after a massive earthquake and tsunami in Japan disrupted supply chains.

San Francisco Giants pitching ace Tim Lincecum gave up seven runs as the Giants lost to the Colorado Rockies 7-4 in a showdown of NL West contenders. Rockies outfielder Carlos Gonzales hit a three-run homer to cap off a wild start inning for Lincecum.

Hewlett-Packard Co will try to dispel fears it faces even rockier times ahead when it reports earnings a day ahead of schedule, with Wall Street expecting decent results as corporate spending rebounds.

Wal-Mart Stores Inc's profit growth is taking a back seat to the main issue on the minds of investors: finally fixing U.S. sales.

Japanese stocks slipped on Tuesday amid signs of a slowdown in the U.S. economic recovery that pushed global stocks and oil prices lower a day earlier but there were few fresh factors to have a bearing.

Irish band U2 performed three concerts in Mexico City´s Azteca stadium as part of their 360 Tour on May 11, 14, and 15 as lead singer Bono met with President Felipe Calderon to discuss the nation's growing drug-related violence and poverty.

Asian stocks were mixed on Tuesday amid signs of a slowdown in the U.S. economic recovery that pushed global stocks and oil prices lower a day earlier.

Tablets using Google's Android platform could overtake Apple Inc's red-hot iPad within three years as improved versions and more applications hit the market, the head of chip designer Nvidia said.

Dominique Strauss-Kahn, the managing director of the International Monetary Fund, was refused release on bail on charges of attempting to rape a hotel maid because he is considered a flight risk. As this allegation emerged, prosecutors are working to verify similar previous incident reports on sex charges against him.

The Nasdaq sank, leading U.S. stocks lower on Monday, as investors sold recent winners in a sign of growing unease with pockets of U.S. economic weakness.

Ben Swift won the final sprint into the State's Capitol on an abbreviated opening stage of the 2011 Amgen Tour of California. The Team Sky leader rode his team's lead out train to edge out Liquigas' Peter Sagan and HTC-Highroad's Matthew Goss.

Euro zone finance ministers approved a 78 billion euro ($110 billion) bailout for Portugal but as a condition of the deal insisted that Lisbon ask private bondholders to maintain their exposure to its debt.

There are many rumors and leaks concerning iPhone 5 making rounds in the Internet. The latest scoop is this. According to hankooki.com, a popular Korean daily, iPhone 5 will be a “mini iPad”, with a bigger edge-to-edge display.

Libya said Monday that tens of thousands of telecoms workers would act as human shields to deter NATO strikes on communications infrastructure, which it said had inflicted serious financial damage.

The twin brothers who accused Facebook Inc and founder Mark Zuckerberg of stealing their idea for the social networking website lost their bid to have a U.S. court void a multi-million dollar settlement of their claims.

Owners of Toyota Motor Corp <7203.T> vehicles that were recalled over unintended acceleration may pursue claims against the automaker that the problem caused the value of their cars to fall, a federal judge ruled on Monday.

Biofuels may pollute the environment much more heavily if the process used to make them isn't done in the right way, researchers say. Conventional fossil fuels may sometimes be much greener than their biofuel counterparts, according to a new study.

AOL Inc is expanding its local news network, Patch, with the launch of 33 sites in targeted states as the United States gears up for a national election.

President Barack Obama's new plan to expand oil production in the Gulf of Mexico and Alaska is an attempt to deflate Republican criticism that he's not doing enough to expand drilling and appeal to voters as they struggle with high energy cost.

It has been 10 years since Apple opened its two retail stores on May 19, 2001. There are big expectations on how the world's most valuable brand will celebrate this coming weekend's bash, possibly introducing a new product or revamping the store displays including storefront design that showcases their iPad 2 and MacBook Airs. Planning for the event is top secret thus far, involving restricted electronic communication among staff, password encrypted data, and black curtains.

NEW YORK, May 16 - Chrysler Group LLC is widely expected to downsize and raise pricing on its $3.5 billion institutional loan ahead of its commitment deadline on May 18, sources said on Monday.

Carlos Santana blasted Georgia's new immigration law as being anti-American on Sunday.

Through official partnerships with Twitter, Facebook, and NY-based startups Foursquare and Tumblr, New York City aims to be the top digital city in America. The city's first chief digital officer, Rachel Sterne, joined Mr. Bloomberg in presenting the Road Map for the Digital City, and how to expand its online presence.

Approximately 1,000 PlayBook tablets were recalled by RIM as the company's stock plunges to its lowest total in more than two years.