IBT Staff Reporter

An appeals court on Tuesday denied a bid for bail by a former Goldman Sachs Group Inc programer sentenced to eight years in prison for stealing part of the bank's high-frequency trading code.

Wal-Mart Stores Inc , the world's biggest retailer, will invest 1.2 billion reais ($759 million) in Brazil this year to tap buoyant consumer demand in Latin America's largest economy, the unit's top executive said on Tuesday.

Portugal agreed a three-year 78-billion-euro ($116 billion) bailout with the European Union and IMF Tuesday, making it the third euro zone country in a year, after Ireland and Greece, to need financial help.

Bank of America Corp's mortgage servicer quality ratings were downgraded by Moody's on Tuesday, because of a deterioration in the company's collections and loss mitigation on home loans.

CBS Corp reported stronger-than-expected quarterly results, helped by healthy ad sales and higher profit margins, and doubled its dividend.

Apple co-founder Steve Wozniak has an idea that could help fix the U.S. public education system: computers, of course.

Apple Inc co-founder Steve Wozniak has an idea that could help fix the U.S. public education system: computers, of course.

The Justice Department has decided to pursue an in-depth investigation of AT&T's plan to buy of T-Mobile USA, according to a source familiar with the deal.

Portugal has agreed a three-year, 78-billion-euro ($116 billion) bailout with the European Union and IMF, caretaker Prime Minister Jose Socrates said on Tuesday.

GM, Ford and Chrysler showed much faster sales growth rates in April than Toyota and most other Japanese brands, in a sign that supply disruptions as a result of Japan's March 11 earthquake are hitting Japanese manufacturers hardest.

Portugal is close to reaching an agreement with the European Union and IMF on a bailout for the debt-laden country and there are no disagreements between the donors, the European Commission and the IMF said on Tuesday.

John Williams, the Federal Reserve's newest policymaker, is unlikely to call for a quick exit from Fed monetary stimulus despite his long association with sharp critics of super-easy policy, economists who know him said.

The Justice Department has decided to pursue an in-depth investigation of AT&T's plan to buy of T-Mobile USA, according to a source familiar with the deal.

Anadigics Inc forecast a challenging year ahead and cut 10 percent jobs as its largest customer Research In Motion shifted orders to the chipset maker's rivals, sending its shares down 10 percent to an eight-month low.

Portugal has reached a deal on a three year bailout loan with the European Union and IMF, caretaker Prime Minister Jose Socrates said on Tuesday.

Pfizer Inc posted disappointing revenue for Lipitor and other medicines, exposing the risks the world's biggest drugmaker faces if it sells better-performing units like its nutritional products business.

The company says the only reason it may have brought a product late to the market was because of quality.

Sony Corp. has reportedly hired three security firms to assist in the investigation of security breaches in the Sony Online Entertainment and PlayStation networks.

Pittsburgh Steelers halfback Rashard Mendenhall remained a target of sharp criticism by Twitter users on Tuesday after he posted a message questioning whether news that al Qaeda leader Osama bin Laden was killed should be cheered.

Oil prices dropped more than 2 percent on Tuesday as an interest rate increase by India added to concerns about demand and gains in the dollar helped spark a technical sell-off.

Japan's Nissan Motor Co Ltd won a 10-year contract to build the next generation of New York's iconic yellow taxis, Mayor Michael Bloomberg announced on Tuesday.

Oil prices dropped more than 2 percent on Tuesday as concerns about the impact of an interest rate increase on India's demand and gains in the dollar helped spark a technical sell off.

U.S. factory orders surged in March, posting a fifth straight monthly increase that showed a healthy manufacturing sector well placed to support economic recovery.

The government sued Deutsche Bank AG for more than $1 billion, accusing the German bank of fraud for repeatedly lying to obtain federal guarantees on mortgages it issued.

Sprint Nextel has asked West Virginia's state regulators to review AT&T Inc's proposed $39 billion purchase of T-Mobile USA and expects to file similar requests in other states.

Computers, thumb drives and paper records recovered from the compound where Osama bin Laden met his death are being hailed as the mother lode of intelligence.

Voxox, the software that unifies all communication channels, is coming to the iPhone.

The Securities and Exchange Commission pulled out all the stops when it tapped University of Texas law professor Henry Hu to head the first new division created at the agency in 37 years.

General Motors Co returned to the top spot in auto sales in April as high gasoline prices fed consumer hunger for more fuel-efficient cars.