IBT Staff Reporter

Consumer confidence sagged to a 10-month low this month on worries about jobs and fears gridlock in Washington could hinder efforts to restart employment, curbing the economic recovery.

Target Corp posted a quarterly profit slightly above Wall Street expectations, helped by better-than-expected holiday sales, improved margins and a lower tax rate.

Does a pickle or the Canadian band Nickelback have more fans? It may be a joke, but the answer might not have the band laughing -- a pickle.

Former Federal Reserve Chairman Alan Greenspan said on Tuesday the U.S. economic recovery was extremely unbalanced, driven largely by high earners benefiting from recovering stock markets and large corporations.

A drop in consumer confidence to a 10-month low drove U.S. stocks down on Tuesday as investors reassessed the strength of the economic recovery.

The U.S. stock market is trading down Tuesday, weighed by declines in the U.S. consumer confidence index and German business climate index.

The European Union's energy strategy could cut a total 60 billion euros ($81.5 billion) off the bloc's oil and gas imports over the next decade, a leaked document from the EU executive shows.

Top executives at Toyota Motor Corp promised a quality shake-up on Tuesday as the Obama administration said it would hold the carmaker's chief to a pledge to address safety issues after massive recalls.

The Federal Communications Commission announced plans to launch its National Broadband Plan next month, which will provide high-speed Internet connections to over 93 million Americans who currently don't use Internet.

The House Oversight Committee has released the opening statement for the committee's Wednesday's hearing that features Toyota President and CEO Ako Toyoda. The follow is the full text:

Lawmakers delivered opening statements today during a hearing investigating Toyota's and the government regulators' response to complaints of unintended acceleration in the company's vehicles.

A much larger-than-expected drop in consumer confidence drove U.S. stocks lower on Tuesday as investors reassessed the pace of the economic recovery.

The number of problem U.S. banks jumped 27 percent during the fourth quarter of 2009 to 702, the highest level since 1993 and a sign the industry's recovery is still shaky, regulators reported on Tuesday.

Airbus parent EADS faced crucial decisions on transalantic defense projects worth $60 billion on Tuesday, as its shares rose on hopes its troubled efforts to diversify from jetliners would finally be unblocked.

Full text of James Lentz, President and Chief Operating Officer, Toyota Motor Sales, U.S.A., Inc., to Committee on Energy and Commerce

An absence of positive doping tests during the Vancouver Olympics is proof the Games are gradually getting rid of cheats who have fewer places to hide, the International Olympic Committee's medical chief said on Monday.

Consumer confidence sagged to a 10-month low on worries about jobs while the housing market remains under strain, data revealed on Tuesday, underscoring the fragility of the economy's recovery.

A top Toyota Motor Corp U.S. executive promised a quality shake-up on Tuesday as the Obama administration said it would hold the carmaker's chief to a pledge to address safety issues after massive recalls.

Manami Hino's may not be the fastest bobsleigh racing down Whistler's track on Tuesday but if medals were awarded for artistic impression it would win gold.

The bizarre sight of a skier being overtaken by another is always a possibility in Tuesday's men's Olympic giant slalom, race director Guenther Hujara said on Monday.

Wall Street paid out $20.3 billion in bonuses in 2009, up 17 percent from a year earlier, New York State's comptroller said, as the financial industry recovered fitfully from a near meltdown.

From ambitious concept to international academic institution, Iceland‘s Svartárkot Centre for Research & Education adopts a radical new approach to addressing the complex — often vexed — relationship between humans and nature

Home prices unexpectedly slipped in December but the annual rate of decline slowed, reinforcing the housing market's rocky road to recovery, Standard & Poor's/Case-Shiller indexes showed on Tuesday.

U.S. consumer confidence sagged to a 10-month low on worries about jobs while the housing market remains under strain, data revealed on Tuesday, underscoring the fragility of the economy's recovery.

Medtronic Inc on Tuesday posted a 19 percent rise in quarterly profit, driven by lower operating expenses and higher sales of its devices to treat heart disease, diabetes and other chronic disorders.

U.S. bookseller Barnes & Noble Inc reported lower quarterly profit on Tuesday as sales at its stores dropped sharply, and the company's outlook fell short of Wall Street expectations.

Diabetes is moving from being a disease of developed countries to a disease in developing countries like India and China, and this could put pressure on healthcare systems through rising healthcare costs, said Philip Clarke, associate professor at University of Sydney's School of Public Health.

Target Corp posted a quarterly profit slightly above Wall Street expectations, but investors had hoped for a bigger improvement and shares fell 1 percent.

Wall Street paid out $20.3 billion in bonuses in 2009, up 17 percent from a year earlier, New York State's comptroller said, as the financial industry recovered fitfully from a near meltdown.