IBT Staff Reporter

Sales at U.S. retailers slowed in January as extreme weather in large parts of the country kept some shoppers at home, but the underlying improving trend in spending remained intact.

Son of the Dalai Lama's late brother Taktser Rinpoche, Jigme K. Norbu was tragically killed when he was hit by an SUV while on a walk to raise awareness about Tibet's struggle for independence from China.

Sales at U.S. retailers increased less than expected in January amid weak receipts at building material and restaurant outlets, a government report showed on Tuesday, likely reflecting the drag from snow storms that slammed large parts of the country during the month.

Deutsche Boerse and NYSE Euronext announced the creation of the world's largest exchange operator on Tuesday, dodging political issues that could threaten completion of a deal.

U.S. stocks opened lower on Tuesday after data showed weaker retail sales last month, raising a question mark about a recovery in consumer spending.

CIT Group Inc reported a sequential drop in quarterly profit as the commercial lender was hurt by a fall in interest income and higher expenses.

The New York City Health Department has launched an iPhone and Android application - NYC Condom Finder - to help users find free condoms.

John Paulson, whose firm now oversees roughly $36 billion, again counted SPDR Gold Trust (GLD.P), AngloGold Ashanti (ANGJ.J), Citigroup (C.N) and Bank of America (BAC.N) as his top four holdings.

U.S. stocks were headed for a lower open on Tuesday after data showed weaker retail sales last month, raising a question mark about a recovery in consumer spending.

Gold was set for its largest one-day rise in a week, aided by a weaker dollar and Chinese inflation data that soothed some concern over the prospect of rapid rate rises in the world's second-largest bullion consumer.

Tottenham Hotspur will face AC Milan for the first leg of the UEFA Champions League Last-16 round on Tuesday.

Nokia, the world's largest phone maker by volume, is aiming to produce a phone running new partner Microsoft's operating system by the end of the year, its chief executive told Reuters.

Speculation is that Apple is due to launch a smaller and cheaper version of its iPhone to sit alongside the current and upcoming breed of iPhones.

Tottenham Hotspur will face AC Milan for the first leg of the UEFA Champions League Last-16 round tie on Tuesday.

Talks are on for her appearance in the movie.

Chinese inflation hit a lower-than-forecast 4.9 percent in January, but price pressures excluding food were their strongest in at least a decade and will force the central bank to keep tightening monetary policy.

The euro zone economy ended last year with stable growth, failing to meet expectations for an acceleration as expansion in the three largest nations fell short of forecasts and Greece and Portugal contracted.

They are busy tweeting their displeasure.

Inflation in Britain rose to double the Bank of England's target in January, increasing pressure on the central bank to raise interest rates despite a fragile economic recovery.

Nokia, the world's largest phone maker by volume, is aiming to produce a phone running new partner Microsoft's operating system by the end of the year, its chief executive told Reuters.

The euro zone economy grew at the same quarterly rate in the fourth quarter as in the third, data showed on Tuesday, defying expectations of an acceleration.

Two cops involved in the fatal shooting of a Pace University football player, Danroy (D.J.) Henry Jr. have been exonerated by a grand jury who found no reasonable cause to vote an indictment in the case.

An American woman in her 60s made history after she gave birth to her daughter's baby. Kristine Casey, 61, acted as a surrogate mother for her 35-year old daughter Sara Connell, who had been trying for years to conceive.

Deutsche Boerse and NYSE Euronext are expected to announce a deal to create the world's largest exchange operator on Tuesday, setting aside political issues that threaten its completion.

An analyst from iSuppli said a cheaper iPhone wouldn't exactly mean smaller margins for Apple.

Frenzy among aspirants hoping to make it to the payroll of Southwest Airlines led to the jamming and eventual crash of the carrier's server, preventing many from submitting their applications.

British bank Barclays will review its portfolio and cut costs to boost profitability as it grapples with tougher regulations which it said will lower its returns.

Kolkata and Mumbai grounds have been given the final clearance to stage Cricket World Cup matches after concerns about their readiness, the head of the governing body told Reuters on Monday.

Columbia Pictures, the film studio arm of Sony Corp, says The Amazing Spider-Man will be the title of the next Spider-Man film, hitting theatres on July 3, 2012.