IBT Staff Reporter

Credit Suisse is spreading the pain of a UK tax on bonuses across bankers globally and Goldman Sachs has delayed announcing payouts to staff as a row over remuneration heated up on Tuesday.

Japan Airlines Corp filed for bankruptcy protection on Tuesday owing more than $25 billion, and vowed to slash 15,700 jobs and unprofitable routes as it tries to survive volatile fuel costs and fickle flyers.

U.S. stocks rose on Tuesday and healthcare shares gained as a Massachusetts election for the U.S. Senate put President Barack Obama's healthcare reform in jeopardy.

IT budgets will essentially be flat in 2010, increasing by a weighted global average of 1.3 percent in nominal terms, compared with 2009 levels where IT budgets declined 8.1 percent, according to new research.

Citigroup Inc posted a $7.6 billion quarterly loss on costs related to TARP repayment and still high loan losses, but the bank's shares edged higher as some investors saw glimmers of hope.

TD Ameritrade Holding Corp. (Nasdaq:AMTD) announced earnings of $0.23 on Tuesday, missing analyst expectations of $0.26, according to data compiled by FactSet. Earnings were down $0.08 year-on-year and $0.03 quarter-on-quarter.

U.S. stocks rose on Tuesday and healthcare shares gained as a Massachusetts election for the U.S. Senate put President Barack Obama's healthcare reform in jeopardy.

Chrysler Group LLC will recall 24,177 vehicles due to a potential defect in a brake system that could result in sudden brake failure, the automaker said in a filing with the National Highway Traffic Safety Administration.

The New York Times Co Chairman Arthur Sulzberger is close to announcing that the paper will begin charging for access to its website, New York Magazine reported on its Web site citing people familiar with internal deliberations.

Japan's Trade Ministry changed the terms of its car scrappage incentive scheme on Tuesday to include vehicles imported from the United States, after complaints from Washington that U.S. vehicles were being excluded.

Oil fell below $78 a barrel on Tuesday, extending its recent losing streak, as producer group OPEC said supply was ample to meet winter demand and trimmed estimated demand for its oil.

Anheuser-Busch InBev, the world's largest brewer, said on Monday it would resume talks with trade unions on Tuesday to end a blockade at its Belgian breweries, aiming to resolve a dispute over job cuts.

Citigroup Inc posted a fourth-quarter loss of $7.6 billion after taking charges linked to repaying government bailout funds.

Citigroup Inc, reported a loss of $0.33 per share for its fourth fiscal quarter on Tuesday, in line with analysts' expectations, according to data compiled by FactSet.

Twitter growth reached dizzying heights in 2009, with celebrities Ashton Kutcher and Oprah Winfrey helping surge new sign-ups, but the micro-blogging site is experiencing a significant decline in the growth of new users.

The central banks of China and Taiwan tightened policy on Tuesday to drain money from the banking system, marking intensified efforts in the region to head off inflation and cool asset bubbles.

The European Commission has set a provisional deadline of Feb. 19 to decide whether to clear a bid by Microsoft to acquire control of Yahoo Inc's search engine business.

Iran's defence minister warned on Tuesday that the Islamic Republic could strike back at Western warships in the Gulf if it were attacked over its nuclear programme, the semi-official Fars news agency reported.

Japan and the United States reaffirmed their five-decade security alliance on Tuesday, vowing to expand ties into new areas even as they squabble over the relocation of a U.S. Marine base.

Arms negotiators failed to start talks on Tuesday on cutting nuclear weapons when Pakistan blocked the adoption of the 2010 agenda for the U.N.-sponsored Conference on Disarmament.

The leader of Yemeni Shi'ite rebels, Abdul-Malik al-Houthi, is alive but seriously wounded and has entrusted a relative with leading the northern rebellion in his stead, a Yemeni official said on Tuesday.

In the latest sign of growing tensions between Beijing and business partners, Google is postponing the release of two mobile phone models, just days after threatening to pull out its search business.

Oil fell below $78 a barrel on Tuesday, extending its recent losing streak, as producer group OPEC said supply was ample enough to meet winter demand and trimmed estimated demand for its oil.

The pace of food and medical aid deliveries picked up in earthquake-shattered Haiti, providing some hope to desperate survivors, but doctors worried disease would be the next big challenge for the tens of thousands left injured and homeless a week ago.

Canadian precious metals exploration company Exeter Resource Corp said on Tuesday its board has approved a plan to spin out its Cerro Moro gold-silver project in Argentina into a new company.

Molina Healthcare Inc said it agreed to buy the health information management business of Unisys Corp for about $135 million in cash, to expand Molina's services and product offerings beyond managed care.

U.S. stocks were poised for a slightly weaker open on Tuesday after quarterly results from Citigroup Inc led to concern about the quality of financial sector earnings as reporting season ramps up.

China urged other powers on Tuesday to show more flexibility in dealing with Iran's disputed nuclear programme, playing down prospects of sanctions after six countries met to discuss the standoff.

Kraft Foods agrees a deal to buy Cadbury on Tuesday for around 11.9 billion pounds ($19.55 billion) by increasing its overall bid and offering more cash in an offer that was recommended by Cadbury's board.