IBT Staff Reporter

Gold prices eased in Asian trade Tuesday after an overnight rally put the precious metal to its highest settlement in five months. Gold for immediate delivery was seen trading at $1181.49 an ounce at 11.30 a.m Singapore time while U.S. June gold futures was at $1182.47 an ounce eat the same time. Analysts said gains in the dollar hampered gold's rally. The greenback remained firm against a basket of six major currencies on Tuesday after rising against the euro and yen on Monday on growth in U.S....

Motorola Inc's Co-Chief Executive told shareholders on Monday that the company's enterprise and networks business would consider paying a dividend after Motorola splits into two separate entities next year.

Australia's top gold miner, Newcrest Mining , agreed a $8.5 billion takeover of Lihir Gold on Tuesday, signaling a hunger for foreign income among local miners after Canberra hit them with a new tax.

Australia's top gold miner, Newcrest Mining , raised its offer for local rival Lihir Gold to $8.8 billion, winning the support of its target to create the world's 4th-largest listed gold miner.

Simon Property Group Inc has bid $5.8 billion for all of General Growth Properties Inc , even as its offer to buy a minority stake in its rival was rejected, sources familiar with the matter said on Monday.

Senator Nick Minchin has encouraged smokers to keep up their habit, saying smokers who die early save the health system money.

A cafe in Sydney's inner-west has been fined for stocking a recalled batch of Bonsoy milk.

Craigslist.com was subpoenaed on Monday by Connecticut's attorney general, who is investigating whether the popular online classified ad service is doing enough to quash prostitution on its site and whether it may be profiting from it.

It has become a requirement in Indonesia Papua's police force that an applicant will be disqualified if they had penis enlargement before.

Gold Coast - After three years of waiting for a surgery to prevent him from being a paraplegic, Mr. Andrew Lamble has given up on the public health system.

Regulators are considering an inquiry into whether Apple Inc violates antitrust law by requiring that its programing tools be used to write applications for the iPad and iPhone, a source familiar with the matter said on Monday.

Lawyers for Goldman Sachs Group Inc have been served a subpoena to testify or provide information in a closely watched case of illegal insider trading allegations, according to a court document made public on Monday.

The Australian Dollar is trading under USD0.9300 following Sunday's proposed tax changes by Australia's Federal Government, and yesterday's decision out of China, when it instructed banks to increase capital ratios in a bid to slow lending.

Tasmania has been reported as one of the nation's highest rates of heart disease.

Auto sales rose about 20 percent in April from recession-stunted results a year earlier, reflecting a still-gradual recovery in the economy.

Goldman Sachs Group Inc, in a rare move, disclosed information about the many lawsuits and shareholder challenges facing the bank.

Futures trader John Henry, who parlayed a knack for blackjack into an investing system to make billions of dollars, says he is sticking with his trend-following strategy even though it has not worked well lately.

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.

(Corrects fourth paragraph to show that the subpoena was revealed in a court document made public on Monday. The subpoena was not received on Monday.)

NEW YORK - Doctors at a California children's hospital have found the first evidence that using an electronic system to communicate their orders may save lives.

Lawyers for Goldman Sachs Group Inc have been served a subpoena to testify or provide information in a closely watched case of illegal insider trading allegations, according to a court document made public on Monday.

GMAC Financial Services, a lender majority-owned by the U.S. government, posted its first profit since the fourth quarter of 2008 as it starts to recover from billions of dollars lost on bad mortgages.

Manufacturing registered its fastest pace of growth in nearly six years in April while data on construction and consumer spending pointed to further strength in the economy.

United Airlines parent UAL Corp will buy Continental Airlines Inc for $3.17 billion in an all-stock deal that will form the world's largest carrier and potentially prune excess capacity in the airline industry.

U.S. auto sales rose in April from recession-stunted results a year earlier, supported in part by incentives, led by Ford Motor Co and Hyundai Motor Co .

Markets reacted skeptically on Monday to a record 110 billion euro ($145 billion) bailout for Greece, with investors doubting it would offer more than temporary relief to a euro zone shaken by divisions and saddled with high debt.

Oil giant BP Plc's shares sank further on Monday as the oil spill in the Gulf of Mexico continued to grow and the U.S. Justice Department said it was taking part in an investigation of the disaster.

U.S. stocks rose broadly on Monday as data showed the economy's recovery remained on track, and details of a European financial rescue package for Greece provided a measure of relief.

IBM said it bought privately held software company Cast Iron Systems to bolster its expertise in cloud computing, an increasingly popular technology that helps companies cut costs by enabling access to software online.