IBT Staff Reporter

A former Goldman Sachs Group Inc programer, sentenced to eight years in prison for stealing part of the bank's high-frequency trading code, should never have been charged, his lawyer argued on Tuesday in a bid to have him released while he appeals.

The S&P and Nasdaq declined on Tuesday as investors sold commodity-related shares, and saw the market digressing further from its recent rally.

Apple announced an overhaul to the iMac with new features and a new processor.

Pfizer Inc reported disappointing quarterly revenue on declining demand for its prescription medicines, exposing the risks the world's biggest drugmaker would face if it sells better-performing units like its nutritional products business.

Mean Girls star Lindsay Lohan, who is set to serve 360 hours of community service at the Downtown Women's Center, a homeless shelter, by conducting a theater workshop for underprivileged women, seems to be drawing more attention for her outfit than her acting skills.

While Kate Middleton left a lasting impression with her beautiful Alexander McQueen dress, part of the spotlight was also on her sister, Pippa Middleton.

Sony CEO Howard Stringer faced harsh criticism of his leadership after the consumer electronics conglomerate revealed hackers may have stolen the data of another 25 million accounts in a second massive security breach.

A privately-owned Chinese auto maker has come to the rescue of Saab, paving the way for the Swedish marque's new model to be made in China by pumping cash into a company in danger of collapse.

General Motors Co's U.S. sales rose 26 percent in April, a sign that the automaker has not been greatly affected by supply disruptions from Japan after the March 11 earthquake.

The Royal Wedding has had a big influence on the world from Kate’s royal wedding dress to many other things. One more surprise has been added: The Royal iPhone. Is it true?

Early humans may have fed on sedges and grasses, rather than nuts as long thought.

U.S. stocks dipped on Tuesday as a move higher in the dollar pressured commodity prices and investors weighed the potential for some consolidation in equities after a recent run-up.

The world's largest phone maker by volume, Nokia, has started to look for a new chairman to take over from next year's annual general meeting, current chairman Jorma Ollila said on Tuesday.

Google Inc's Seoul office was raided on Tuesday on suspicion its mobile advertising unit AdMob had illegally collected location data without consent, South Korean police said, the latest setback to the Internet search firm's Korean operations.

The news that dreaded terrorist Osama bin Laden is dead and was buried at sea has fueled conspiracy theories because the action of the U.S. forces gives rise to more questions than answering them.

President Barack Obama and other administration officials are considering releasing a photo of Osama bin Laden's corpse on Tuesday, according to a report.

Every year A-list celebrities celebrate fashion at the Metropolitan Museum of Art Costume Institute Gala. This year, celebrities paid tribute to Alexander McQueen, who is the subject of this year's exhibit.

Ally Financial Inc, the former General Motors Acceptance Corp, posted lower quarterly profit as it made less money from auto lending.

South Korean police raided Google's offices in Seoul as they investigate whether the company illegally gathered private data.

Endeavour's launch continues to get pushed back - this NASA says it won't happen before May 10.

Gold prices hit new all-time Dollar highs at the AM London Fix on Tuesday, but silver traded near a two-week low as world stock markets slipped and commodity prices fell hard.

An influential member of Germany's governing coalition backed the possibility on Tuesday of easing the terms of Greece's euro zone bailout, a move that might help Athens better weather the debt crisis.

Real Madrid need goals in the semifinal second leg at the Nou Camp against Barcelona in the Champions League and it could lead to a Barca onslaught.

U.S. agricultural processor Archer Daniels Midland Co reported higher third quarter earnings on Tuesday on strong results from its corn and oilseed processing segments.

Clorox Co posted disappointing quarterly results and narrowed its full-year outlook on Tuesday, hurt by rising packaging costs, and the consumer products maker's shares fell 3 percent premarket.

Apple Inc refreshed its lineup of iMac desktop computers with new Intel Corp processors that is says are up to 70 percent faster.

Clorox Co posted a dip in quarterly profit on Tuesday, pressured by higher costs for materials like the resin used to make some products and packaging.

MasterCard Inc's first-quarter profit rose 24 percent, beating expectations, as consumers spent more money on their credit and debit cards.

U.S. stock index futures fell on Tuesday as strength in the dollar pressured commodity prices and investors eyed a possible pullback in equity prices after a recent run-up.