IBT Staff Reporter

Procter & Gamble Co will sell its Pringles potato chips business to Diamond Foods Inc for $1.5 billion in stock, creating a new snack foods giant and freeing the consumer products company to focus on cosmetics and healthcare products.

Bailed-out insurer American International Group is working hard to invest cash it set aside for a failed deal to buy back assets from the Federal Reserve, Chief Executive Bob Benmosche said on Tuesday.

New international bank capital standards are excessive and may impede economic growth, JPMorgan Chase Chief Executive Jamie Dimon warned on Tuesday

U.S. stocks advanced on Tuesday as a large acquisition helped lift positive sentiment and offset another rate hike in China.

Nasdaq on Tuesday announced a rebalancing of its benchmark Nasdaq 100 index next month that will slash Apple Inc's weighting and add to market volatility.

Credit rating agency Moody's cut Portugal's sovereign debt by one notch on Tuesday, saying it believed an incoming government would need to seek financing support from the European Union as a matter of urgency.

Blockbuster Inc has received five qualifying bids at a bankruptcy auction that will determine whether the movie rental chain will stay in business or shutter its roughly 1,700 remaining stores, a lawyer for the company said.

DuPont faces a tough task to convince shareholders of Danish group Danisco to accept its $6.4 billion offer, even after it cleared another hurdle by gaining European Union approval for the deal.

Via the service, GameStop will allow Power Up Rewards members to stream games directly to tablet computers like the iPad and Motorola Xoom.

Texas Instruments' major deal for National Semiconductor has drawn criticism and praise.

Oil prices rose to fresh 2-1/2 year highs on Tuesday, with Brent crude topping $122 a barrel as unrest in oil exporting countries in the Middle East and Africa outweighed China's fourth interest rate hike since October.

With the Qingming festival at hand, Chinese families in Malaysia are snatching up paper copies of Apple's newest device.

Texas Instruments Inc is buying National Semiconductor Corp for $6.5 billion, paying a rich 78 percent premium to merge two of the industry's oldest firms into a dominant force in analog microchips used in products ranging from phones to cars.

Australia intends to reject Singapore Exchange Ltd's proposed $7.8 billion bid for Australia's ASX Ltd on national interest grounds, underscoring the political challenges facing other cross-border exchange deals.

Daimler AG's Mercedes-Benz is recalling 136,750 M-Class and M-Class AMG vehicles in the United States made from 1999 to 2004 for issues related to cruise control that may lead to a crash, U.S. federal safety regulators said.

Sony plans to release its version of Android 3.0 tablet codenamed S1 by the end of summer.

China's central bank increased interest rates on Tuesday for the fourth time since October, raising suspicions that data next week may show inflation rose more than expected in March.

Champions League football returns with the quarter-finals and on Tuesday, Spanish giants Real Madrid will host surprise-package Tottenham Hotspur at the Santiago Bernabeu.

There have been a number of rumors circulating the Internet that claim Justin Timberlake and Olivia Wilde are an item.

U.S. stocks were little changed on Tuesday as an interest rate hike in China and weaker Apple shares were offset by positive sentiment from the latest deal news.

Champions League football returns with the quarter-finals and on Tuesday, Spanish giants Real Madrid will host surprise-package Tottenham Hotspur at the Santiago Bernabeu.

Oil prices held near 2-1/2 year highs on Tuesday, with Brent crude topping $121 a barrel as unrest in oil exporting countries in the Middle East and Africa outweighed China's fourth interest rate hike since October.

Britain's first official royal app was launched on Tuesday, and with the marriage of Prince William to Kate Middleton just weeks away, unsurprisingly it focuses on royal weddings.

A number of news source, such as the Associated Press, Politico and TMZ are reporting that Scott Pelley is a likely candidate to replace Katie Couric as the CBS Evening News anchor.

Charlie Sheen's Violent Torpedo of Truth/Defeat is Not an Option tour definitely got off to a rocky start as the former Two and a Half Men star was booed off stage in Detroit.

Japanese authorities are reporting high levels of cesium in fish off the coast of Ibaraki, about 80 miles south of the Fukushima Daiichi nuclear power station.

German business software company Software AG will pursue more acquisitions and is seek to expand its cooperation with market leader SAP AG , its chief executive said on Tuesday.

The head of the House of Representatives' appropriations committee introduced a one-week budget stopgap funding measure late Monday, seeking $12 billion in cuts do discretionary spending, as negotiations and the process of obtaining a six-month deal threaten to go beyond an April 8 deadline.

Samsung Electronics, the world's top maker of memory chips and flat screens, is likely to report a third consecutive quarterly drop in earnings for the January-March period, hit by tumbling prices of flat screens and TVs.