IBT Staff Reporter

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Market gains modestly; Intel rises late

Stocks eked out a gain on Tuesday as investors looked ahead to earnings from big banks and tech bellwethers, even as disappointing revenue from Alcoa Inc acted as a headwind.

Intel beats Street view, shares jump

Intel Corp reported a 44 percent surge in first-quarter revenue and delivered a current-quarter forecast ahead of Wall Street expectations, boosting the chipmaker's stock by 4 percent.

FDIC proposes large banks pay for their risk

U.S. regulators proposed large banks pay higher fees if they engage in risky activities, introducing a new scorecard said to better predict how institutions will fare in economic downturns.

Market rises slightly as results eyed

U.S. stocks eked out a gain on Tuesday as investors looked ahead to earnings from big banks and tech bellwethers, even as disappointing revenue from Alcoa Inc acted as a headwind.

Forex - US's Geithner says will push China on fair trade rules

U.S. Treasury Secretary Timothy Geithner said on Tuesday the Obama administration will push China forcefully to open its markets and maintain fair trading rules. Interviewed during an appearance before a meeting of the American Society of Newspaper Editors, Geithner repeated that it was important for China to move toward a flexible currency rate regime and added that he felt Beijing understands it was in that nation's own interest to do so.

FOREX-Euro slips vs most currencies as Greece woes dominate

The euro fell against most currencies on Tuesday as a Greek debt auction highlighted persistent doubts about Greece's credit risk and investors worried about tepid economic prospects in the euro zone. Greece passed its first borrowing test since the euro zone agreed on a potential rescue package but paid a high premium to issue the Treasury bills.

Indoors, and short-sighted

Children who spend time outdoors are less likely to become short-sighted and require glasses, say Australian researchers.

New York Times leads pack of Webby nominees

The New York Times led the pack of nominees for the Webby Awards on Tuesday, sharing the spotlight for the Oscars of the Internet with the BBC, actor Zach Galifianakis and comedian Stephen Colbert.

Market flat; Intel up before results

Stocks were little changed on Tuesday as disappointing revenue from Alcoa Inc was offset by expectations for strong results this week from other top companies, including Intel Corp .

Palm approached Huawei for acquisition talks

Money-losing smartphone maker Palm Inc tapped Huawei Technologies for preliminary acquisition talks, a move that would give the Chinese telecommunications equipment maker a foothold in the premium mobile phone market.

Healthcare reform baton passes to states

(Reuters) - Now that the U.S. healthcare reform plan is law, the federal government is turning to states to institute key components -- some of which have never existed before -- and do so in a tight timeframe.

Apple updates MacBook Pro

Apple Inc has updated its line of high-end laptops with faster processors, better graphics and longer battery life, as the company continues to take share in the personal computer market.

Diet can sharply cut Alzheimer's risk: study

(Reuters) - A diet rich in olive oil, nuts, fish, poultry and certain fruits and vegetables may have a powerful effect at staving off Alzheimer's disease, researchers reported on Monday.

FDIC extends guarantee, proposes fee changes

U.S. bank regulators extended a crisis-era guarantee while also moving to change the deposit insurance fee system for large banks with the aim of making them pay more for engaging in risky activities.

Consumer Reports calls Lexus SUV safety risk'

Influential nonprofit magazine Consumer Reports on Tuesday urged car shoppers not to buy the 2010 Lexus GX 460, calling the Toyota Motor Corp sport utility vehicle a safety risk to roll over.

WaMu risk-taking slammed

Former Washington Mutual Chief Executive Kerry Killinger charged regulators unfairly seized the thrift in September 2008, even as the head of a congressional panel accused the savings and loan of creating a mortgage time bomb in its quest for profits.

U.S. trade gap with China narrows

The U.S. trade deficit with China narrowed to its lowest level in nearly a year in February, while the nation's overall trade gap widened as strengthening domestic demand triggered a surge in imports.

Market edges down after Alcoa disappoints

U.S. stocks slipped on Tuesday as Alcoa Inc's results disappointed investors at the start of the earnings reporting season, while a drop in oil prices weighed on the energy sector.

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