IBT Staff Reporter

Toyota misled the public about the adequacy of auto recalls to address unintended acceleration in its vehicles, the lawmakers said Monday.

Apple has started to ban many applications for the iPhone that feature sexually suggestive material, but the surprise move has some developers up in arms over a perceived lack of consistency.

One person died at Luke Air Force Base in Phoenix on Monday night, after being shot by security officers.

Two men were shot by security offers after they crashed through a gate at the Luke Air Force Base in Litchfield, just outside Phoenix.

The stock market fell in earnest after the Conference Board reported an unexpectedly sharp decline in consumer confidence. Before the report, the market was also weighed by gloomy news from Europe.

An Italian Facebook group proposing that children with Down's syndrome be used for target practice has been shut down and Italy's equality minister threatened the thousands of idiots involved with legal action on Tuesday.

Medtronic Inc on Tuesday reported a 19 percent rise in quarterly profit on higher sales of its implantable devices to treat heart disease, diabetes and other chronic disorders.

Target Corp on Tuesday reported higher quarterly profit as the No. 2 U.S. discount retailer avoided the drastic clearance sales that crimped results in its holiday quarter a year ago.

(Corrects to show which earnings per share figure is comparable to Thomson Reuters I/B/E/S estimates)

Consumer confidence fell in February to the lowest in 10 months, as consumers' short-term outlook for the jobs market worsened, according to a private report released on Tuesday.

Auto parts maker Federal-Mogul Corp (FDML.O) reported a better-than-expected quarterly profit on Tuesday, compared with a year-earlier loss, driven by aggressive cost-cutting and improving global auto production.

South Africa's department of mineral resources has completed an audit of the state's mining assets, and is preparing a proposition to cabinet to consolidate the assets under one company, the presidency said on Tuesday.

Bulgaria has ditched plans to float part of its gas network operator on the market, an energy minister said on Tuesday, which media reports said was to prevent Russia gaining more influence over the Balkan country's gas supply.

Bharti Airtel (BRTI.BO) may finalise by Friday what could be the largest acquisition loan for an Indian borrower, as it readies a $9 billion purchase of the African assets of Kuwaiti telecoms firm Zain (ZAIN.KW), people familiar with the deal said.

U.S. stock index futures pointed to a lower open on Tuesday after U.S. home prices fell unexpectedly, adding to concerns about the strength of the economic recovery.

Joannie Rochette once again found solace in her white leather boots as she skated round the Olympic rings embedded under the ice in the Pacific Coliseum just a day after her mother's sudden death.

From the Kremlin to Ottawa's Parliament Hill a Canada-Russia showdown was the Olympic men's ice hockey dream game everyone wanted -- just not in the quarter-finals.

Canada's Brookfield Asset Management Inc is preparing to bid for a large stake in No. 2 U.S. mall owner General Growth Properties Inc.

Wall Street paid out $20.3 billion of 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.

U.S. stock index futures pointed to a lower open on Tuesday after U.S. home prices fell unexpectedly, adding to concerns about the strength of the economic recovery.

Designers are embracing a growing crowd of internet-savvy fashion followers taking catwalk glamor beyond the coveted front row, with many young creators welcoming a trend they say brings them closer to consumers.

British private equity firm 3i Group agreed to sell Ambea to rival buyout firm Triton for 850 million euros ($1.16 billion)

Most athletes at the Winter Olympics in Vancouver are looking at financial gains for bringing home a gold medal but South Korean figure skater Kim Yuna could sustain huge losses if she does not.

Minor changes are being made to one of the corners on Whistler's controversial sliding track after Latvian and Croatian four-man sleds rolled over in a supplementary Olympic training session on Monday.

Saudi-based entertainment firm Rotana said it agreed to sell a $70 million stake in the Rotana Group to Rupert Murdoch's News Corp.

Futures on U.S. stock indices are lower Tuesday morning as global investors sentiments are dampened by discouraging developments from the Europe.

U.S. stock index futures held losses on Tuesday after data showed home prices unexpectedly slid in December but the annual rate of decline slowed.

A young pair of ice dancers lifted the host country out of its Winter Olympic gloom with a golden performance Monday just as Canadians were questioning their team's medal-winning capability.

Semiconductor company Microchip Technology Inc raised its offer for Silicon Storage Technology to about $287.6 million.