IBT Staff Reporter

Clearwire Corp and its majority owner Sprint Nextel Corp reached a new wholesale pricing deal that has Sprint paying at least $1 billion to Clearwire between this year and the end of next year.

General Electric Co imposed new conditions on a large options award the board granted to Chief Executive Jeff Immelt after shareholders expressed concerns that the terms needed to be more stringent.

Warren Buffett, former top lieutenant David Sokol, and the rest of Berkshire Hathaway Inc's board of directors were sued on Tuesday by a shareholder over a trading scandal that cost Sokol his job.

The Obama administration fired a fresh salvo at Wall Street on Tuesday, telling critics of the U.S. financial reform law to knock off their attacks.

Nasdaq OMX Group and Intercontinental Exchange Inc promised to pay a $350 million fee to NYSE Euronext if regulators knock down their takeover offer, in a bid to get NYSE to start deal talks.

Clearwire Corp and its majority owner Sprint Nextel reached a new wholesale pricing agreement that involves Sprint paying a minimum of $1 billion to Clearwire this year and next year.

Research In Motion's PlayBook went on sale in the United States and Canada on Tuesday in a launch the company hopes will win customers away from Apple's dominant iPad tablet computer.

U.S.-based Seagate Technology's $1.4 billion acquisition of Samsung Electronics Co's loss-making hard disk drive business pits it head-to-head with Western Digital Corp in an industry that has been dogged by price wars.

A telecom equipment company in Spain has published instructions and sells kits for a DIY radiation detector.

Goldman Sachs Group Inc posted a 72 percent drop in first-quarter profit to shareholders as it made less money from trading bonds for clients. The largest U.S. investment bank posted a profit to common shareholders of $908 million, or $1.56 per share, compared with $3.3 billion, or $5.59 per share, in the same quarter a year ago.

Seagate Technology is to buy Samsung Electronics Co's loss-making hard disk drive business for $1.4 billion as it looks to combat rival Western Digital Corp and arrest price wars that have damaged the industry.

U.S. stocks were little changed on Tuesday as sliding revenue in financial companies pointed to a struggling economy.

NASA is working to ensure the next generation of space craft is American-made.

U.S. home building and permits for future construction rebounded strongly last month from February's weather-depressed levels, but a glut of housing on the market will make further gains difficult.

Toyota Motor Co <7203.T> may have to change its U.S. sales targets because of production slowdowns in Japan and North America, the U.S. sales chief of the world's largest automaker said on Tuesday.

U.S. stock index futures edged higher on Tuesday as investors searched the latest raft of corporate profits for a reason to rebound from Monday's selloff.

Thomson Reuters Corp named Pulitzer-prize winning journalist and former Dow Jones Newswires President Paul Ingrassia to the new position of deputy editor-in-chief, one of four new hires brought in to overhaul its news operations.

U.S. stocks advanced on Tuesday, led higher after Goldman Sachs and Johnson & Johnson reported solid earnings.

In a recent interview with Esquire magazine, actress Evan Rachel Wood revealed she is bisexual.

AT&T is blocking PlayBook subscribers from downloading one of the PlayBook's key applications, BlackBerry Bridge, according to subscribers.

Sen. Tom Coburn, R-OK on Monday - reacting to a 2 year warning on the nation's pristine credit rating - said Democrats and Republicans needed to reach a deal on cutting the nation's long-term deficits ahead of the November 2012 election, cautioning against waiting for the perfect political moment to tackle the problem.

State Street Corp , one of the world's largest institutional investors, said quarterly operating earnings rose as improved financial markets helped boost custody servicing and asset management fees.

Uganda will order social media sites Twitter and Facebook blocked locally if further protests over high food and fuel prices take place because they are being used to fan unrest, a senior official said Tuesday.

U.S. housing starts and permits for future home construction rose more than expected in March, snapping back from the prior month's winter depressed levels, government data showed on Tuesday.

With a winner-takes-all scenario in the upcoming Copa Del Rey final between Real Madrid and Barcelona, Madrid skipper Iker Casillas is under no illusions about the importance of the game.

Cellphone maker Sony Ericsson is suffering component shortages following the Japanese earthquake and has roped in its bigger parents to give it more muscle in the fight for supplies with bigger rivals.

U.S. housing starts and permits for future home construction rose more than expected in March, snapping back from the prior month's winter depressed levels, government data showed on Tuesday.

The creators of Glee are extremely upset after an extra on the show Tweeted secrets about the show this past weekend.

Wimbledon organizers have increased the prize money for the winners of this year's tournament to £1.1m, which amounts to a rise of 10 per cent.