IBT Staff Reporter

Federal Reserve Chairman Ben Bernanke, in a response to a lawmaker's questions made public on Tuesday, said the U.S. economy is operating so far beneath its potential that inflation is unlikely to become a problem.

Borders Group, the bookstore chain criticized by some for being late to enter the digital books and readers market, has teamed up with fledgling Kobo Inc to set up an online store for mobile devices by 2010's second quarter.

A U.S. grand jury on Tuesday indicted Galleon hedge fund founder Raj Rajaratnam and co-defendant Danielle Chiesi on charges of securities fraud and conspiracy in an insider trading case involving employees of some of America's best-known companies.

- Hearings planned by a U.S. lawmaker to look into Exxon Mobil Corp's (XOM.N) takeover of XTO Energy Inc (XTO.N) would pose little risk to the completion of the merger, an analyst said.

Rather than talk about sweetening its 789 pence-per-share offer for Cadbury — say, to the 820-850 pence level analysts think is needed — Kraft is urging shareholders to take a long hard look at Cadbury's revenue growth targets

(Corrects to remove erroneous reference to GE 2010 revenues being down 5 percent and 10 percent in paragraph 6)

Stocks fell on Tuesday, with the Dow and S&P 500 moving off 14-month highs, as a climb in producer prices raised inflation concerns and economic bellwether General Electric issued a flat outlook for 2010.

The Italian Prime Minister Silvio Berlusconi issued his first public statement on Tuesday saying that love always defeats envy and hatred two days after he was attacked.

Gulf Arab countries endorsed a monetary union agreement on Tuesday despite the absence of major player the United Arab Emirates and fellow oil producer Oman and left options open for pegging their future single currency.

In this day and age, it's a wonder anyone sits down to watch television as it's being aired anymore

Denison Mines (DML.TO) said on Tuesday it will suspend the McClean Lake uranium processing mill in mid-2010, following the halting of nearby uranium projects that were destined to supply it with ore.

China and the G77 claimed that the Copenhagen Climate talks have broken down, degenerating into a fight between developed and the developing world.

Bankrupt holding company Washington Mutual Inc asked a federal court to compel the U.S. Federal Reserve, U.S. Treasury and more than a dozen others to turn over documents relating to its collapse in 2008.

The embattled wife of Tiger Woods, Elin Nordegren, has broken her silence according to reports from OK! Magazine.

CME Group Inc began clearing U.S.-based credit derivatives on Tuesday, aiming to capitalize on a government push to safeguard a private market blamed for exacerbating the financial crisis.

The former girlfriend of The Brady Bunch actor, Barry Williams, threatened to kill herself as well as Williams according to reports from TMZ.

U.S. home buyers are less willing to buy foreclosed properties than they were six months ago, citing risks like hidden costs, but demand could grow because of the government's expanded tax credit, a survey showed on Tuesday.

Swiss bank Credit Suisse said it was likely to pay a hefty $536 million to settle a U.S. probe into payments made between 2002 and 2007 involving parties that are subject to U.S. economic sanctions.

Stocks fell on Tuesday, with the Dow and S&P 500 moving off 14-month highs, as a climb in producer prices raised inflation concerns and economic bellwether General Electric issued a flat outlook for 2010.

Morgan Stanley named a company veteran to run its U.S. prime brokerage business, which offers services ranging from clearing trades to lending money to hedge funds.

An increasing shift away from fossil fuels such as gasoline to alternatives derived from plants and waste need not produce an increase in food prices, U.S. Agriculture Secretary Tom Vilsack told Reuters.

Boeing Co completed the first test flight of its new lightweight carbon and titanium Dreamliner, but the flight was cut short because of bad weather.

The CME Group announced changes to its Chicago Board of Trade (CBOT) ethanol futures contract on Tuesday to bring the contract more in line with current cash market practices.

Google Inc executives said the company experienced very strong growth in its display advertising business in the first three quarters of the year and it will continue to invest heavily in advertising initiatives involving online video and mobile Web devices.

The Eton wall game originated at Eton College. It has similarities to both the modern sports of rugby union and football.

Stocks fell on Tuesday, with the Dow and S&P 500 moving off 14-month highs, as a climb in producer prices raised inflation concerns and economic bellwether General Electric issued a flat outlook for 2010.

General Electric Co expects profit to be flat at its big industrial units next year as the world economy begins to recover from a brutal economic downturn.

U.S. securities regulators may reduce the number of investment advisers who would have to undergo an annual surprise audit under a proposal to ensure that their clients' assets are safe, two sources familiar with the plan said on Tuesday.

The Aussie dollar retreated in local trade yesterday following the release of the RBA board minutes to the December meeting where rates were increased by another 0.25%.