IBT Staff Reporter

The top two U.S. mall owners will square off before a judge on Wednesday to shape the outcome of the largest U.S. real estate bankruptcy ever.

Northrop Grumman Corp said on Tuesday it was still reviewing the Air Force's final terms for a multibillion-dollar aerial tanker competition but was getting closer to a decision on whether to submit a bid with its European partner EADS .

Pfizer Inc is set to join the bidding for German generic-drug maker Ratiopharm GmbH, offering as much as 3 billion euros, Bloomberg reported on Tuesday.

The Obama administration on Tuesday declassified part of the Comprehensive National Cybersecurity Initiative created during the Bush administration, outlining offensive and defensive strategies for protecting information networks.

Bristol-Myers Squibb Co on Tuesday named Chief Operating Officer Lamberto Andreotti, 59, to succeed James Cornelius as its chief executive officer, effective May 4.

Independent wealth management shops continue to lure clients away from the big U.S. brokerages, according to a survey by online brokerage giant Charles Schwab Corp .

In a Senate hearing on Tuesday titled Restoring Credit to Main Street, witnesses stated that the inability of small businesses to obtain financing is severely hindering job creation in the United States.

The United States, pushing to promote global Internet freedom, on Tuesday declassified some of its initiatives on safeguarding government networks as it pursues partnerships in the effort.

Congress should not create blanket exemptions from new rules designed to make trading of over-the-counter derivatives more transparent, a commissioner on the top U.S. futures regulator said on Tuesday.

Activision Blizzard Inc is forming a business unit for its blockbuster Call of Duty franchise, following the departure of two senior executives at the studio that developed the video game, the company said on Tuesday.

Qualcomm Inc.'s second-quarter earnings could beat its outlook range and revenue will be toward the high end of its target, the top executive for the wireless chip maker said on Tuesday.

U.S. auto sales stalled in February as a safety crisis sent Toyota Motor Corp reeling, allowing Ford Motor Co to leap into the industry's top spot for the first time since 1998.

As collaborative applications become ever more important for enterprise, a new report finds that the number of enterprise customers using mobile cloud-based applications will rise to more than 130 million by 2014, facilitated by platform as a service (PaaS) deployments from key players such as Google and Microsoft.

Starbucks Corp, responding to customer demand for larger cold beverages, is selling 31-ounce (916.8 ml) iced teas and iced coffees in Phoenix and Tampa as part of a limited market test, the coffee chain said on Tuesday.

ABC News reported on Tuesday that while its weekly measure of U.S. consumer confidence reversed course after hitting nearly a four-month low last week, the gauge is still struggling to dig out of 2009 lows after its worst year on record.

The U.N. Security Council might take up this month the issue of Iran's nuclear program and Western proposals for a fourth round of sanctions against Tehran, Gabon's U.N. envoy said on Tuesday.

The U.S. Federal Reserve must be especially careful when the time comes to raise interest rates because of its bloated balance sheet, Minneapolis Fed President Narayana Kocherlakota said on Tuesday.

Dubai's police chief plans to seek the arrest of Israeli Prime Minister Benjamin Netanyahu and the head of Israel's spy agency over the killing of a Hamas leader in the emirate, Al Jazeera television reported.

The strength of the Australian economy was evident once again yesterday following the release of a much stronger than forecast 1.2% rise in Retail Sales during January adding some support to the AUD/USD in early Asian trade.

Warren Buffett says he worries about all currencies.

The Internal Revenue Service has agreed to work more closely with the Securities and Exchange Commission to regulate the U.S. municipal bond market, the IRS said on Tuesday, adding the two federal agencies had signed memorandum of understanding.

News Corp Chief Executive Rupert Murdoch said on Tuesday he didn't believe speculation that New York Times Co would be bought by Mexican billionaire Carlos Slim.

Top U.S. drugstore chain Walgreen Co is expected to post a third month of weak sales when it issues February data on Wednesday, which could put pressure on its shares and lead some analysts to review their profit expectations.

Cablevision Systems chief executive Jim Dolan on Tuesday blasted Walt Disney's bullying threat to pull ABC from its cable systems over a contract dispute, calling the move senseless and one that invites questions from U.S. regulators.

A former MBNA Corp executive who runs Bank of America Corp's global card services unit is leaving the company as part of a management shake-up within two of its biggest consumer businesses.

Stocks ended slightly higher on Tuesday as mergers and acquisitions supported selected sectors, but investors pulled back from recent gains in some big-cap technology and bank shares.

News Corp Chief Executive Rupert Murdoch said on Tuesday he didn't believe speculation that New York Times Co would be bought by Mexican billionaire Carlos Slim.

A senior Federal Reserve official said on Tuesday that an extended period of ultra-low U.S. interest rates invites speculative behavior and is risky.

The euro rebounded from a 9-1/2-month low against the dollar on Tuesday as investors awaited new plans to address Greece's debt crisis and held out hope for some form of help from the European Union. Earlier, the euro dropped as low as $1.3435, its lowest since May 2009, after Greece's biggest public union called for a 24-hour strike on March 16 to protest expected austerity measures from Athens. For more please [ID:nATH005239].