IBT Staff Reporter

Experts say that energy saving light bulbs are good for the environment but can be bad for your health.

The president and chief operating officer of Guess Inc , Carlos Alberini, will resign from the apparel maker to become co-CEO of Restoration Hardware, the companies said on Tuesday.

TWO doctors at a private Melbourne hospital are denying responsibility for the death of a patient from a condition they failed to diagnose.

Molson Coors Brewing Co posted a lower-than-expected quarterly profit, hurt by higher expenses and falling sales volume, but its shares pared losses with the announcement of a new venture in China with a local brewer.

Australia: The Australian dollar fell back below USD0.9100 cents overnight as another round of risk aversion hit global financial markets.

UBS AG's Wealth Management Americas brokerage has space issues: too much real estate for a work force reduced by thousands in the past two years.

Parents are outraged when a Townsville primary school ruled to hold children's handmade Mother's Day gifts unless they pay for their creation .Children as young as four will be forced to pay for their own art work if they want to take them home for their mothers.

Sears Holdings Corp Chairman Edward Lampert acknowledged that having an interim chief executive for more than two years is not ideal and definitely weird, but said the retailer is in no rush to find a replacement for Bruce Johnson.

Washington Mutual Inc said on Tuesday that shareholders were demanding an independent investigation of the company's collapse in the hopes of getting a pay off, according to court documents.

:: Australian Dollar: The Aussie dollar bounced off support between 0.9220 and 0.9230 on several occasions over the last 24 hours to open this morning relatively unchanged from yesterday's close at 0.9260.

Investors dumped stocks on Tuesday in Wall Street's worst session in three months on the fear that even with a bailout for Greece, Europe's debt crisis could spread to other weak euro zone countries.

Pending sales of previously owned homes hit a five-month high in March as buyers rushed to sign contracts before a tax credit expired, while a jump in factory orders underscored manufacturing strength.

Investors dumped U.S. stocks on Tuesday in Wall Street's worst session in three months on the fear that even with a bailout for Greece, Europe's debt crisis could spread to other weak euro zone countries.

Gold prices retreated on Tuesday from five-month highs above $1,190 hit earlier in the day, as its safe-haven status was dented by Spain's dismissal of rumors the country needed 280 billion euros ($372.9 billion) of aid.

Yamana Gold's first-quarter revenue jumped 62 percent on higher gold prices and rising production, the company said on Monday, but its profit eased due to a huge foreign exchange gain in the year-before period.

NEW YORK - Jim Carrey, Lisa Kudrow, Brad Pitt, Isabella Rossellini and Roger Ebert are among those who will be honored at the 14th annual Webby Awards.

Chrysler is offering free financing on most 2010 model-year vehicles or up to $4,000 in cash rebates for the month of May as it tries to boost U.S. sales amid heavy discounting by rivals.

Goldman Sachs Group Inc may enter talks to settle U.S. Securities and Exchange Commission fraud charges as soon as today, Fox Business Network's Charlie Gasparino reported.

Gold prices, which have rallied sharply in recent weeks on sovereign risk concerns, may be vulnerable to a sharp correction when the fear factor dies down.

Big banks should be charged a fee to pay for bailouts as it will make them less prone to reckless lending, U.S. Treasury Secretary Timothy Geithner told lawmakers on Tuesday as he sought support for the proposal.

The head of the U.S. Department of Justice's Criminal Division said the U.S. Securities and Exchange Commission will no longer delay civil enforcement actions so prosecutors can pursue related criminal cases.

Swiss bank UBS' top managers reported a sea change in client confidence that should stem outflows of client cash by the end of this year.

U.S. drugmakers Pfizer Inc and Merck & Co Inc posted better-than-expected quarterly results, helped by cost savings from their respective mega-mergers that could boost results for several more years.

Treasury Secretary Timothy Geithner on Tuesday urged lawmakers to support a proposal to charge big banks a fee to pay for bailouts and said it will make them less likely to engage in reckless lending.

U.S. tax authorities are investigating about 4,500 potential big-money tax cheats using tips from whistleblowers, a government official said on Tuesday.

The percentage of U.S. home sellers who cut their asking price rose in April, but price reductions were smaller, real estate website Zillow.com said in a report.

Investors dumped U.S. stocks on Tuesday as fears grew that the financial rescue package for Greece might not be enough to prevent a sovereign debt crisis from spreading to other weak euro zone countries.

Australia's mental health sector receives good and bad news on how patients with mental sickness visit their GPs.

In Western Australia, diabetes -the country's rapid-growing chronic disease - is currently affecting a total of 90,000 people in WA even though health experts have been alerting the public about its dangerous health implications.