IBT Staff Reporter

Ladder Capital Realty Finance Inc shelved its planned initial public offering indefinitely, becoming the latest mortgage real estate investment trust (REIT) to struggle in its efforts to come to market.

U.S. chipmaker Micron Technology Inc posted a narrower-than-expected quarterly loss on Tuesday due to improved demand for memory chips, boosting its shares 3.2 percent.

Nike Inc beat quarterly profit expectations as deep cost cuts and lower taxes more than offset crumbling revenue in key markets like the United States and China, sending its shares up 4.4 percent.

Coca-Cola Co and its largest independent bottler, Coca-Cola Enterprises Inc, are mounting a campaign against a possible U.S. tax on soft drinks.

The Australian Dollar maintained its upward momentum against the Greenback during local trade yesterday, spurred on by an increase in the local equity market and the continuing news that interest rates are tipped to rise in Australia.

Fourteen people died in American Samoa on Wednesday after five tsunami waves hit the island, Reuters reported citing a local radio announcer.

Dell Inc on Monday unveiled its latest high-end, ultra-thin personal computer, bringing some fresh design appeal to its enterprise models.

U.S. bookseller Borders Group Inc said on Tuesday that it will provide free wireless Internet access in about 500 of its U.S. stores as it works to lure more consumers to its brick-and-mortar shops.

Google Inc is in the early stages of looking at ways to write software that would fully integrate plug-in hybrid vehicles to the power grid, minimize strain on the grid and help utilities manage vehicle charging load.

Hip hop artist and fashion mogul Sean 'Diddy' Combs has signed with Universal Music Group's Interscope Geffen A&M label in a deal which includes his future albums and creates a new joint venture with Combs' Bad Boy label.

U.S. house prices rose for a third month in July, but consumer confidence fell unexpectedly in September as the worst job market in 26 years fueled worries about personal finances, private reports showed on Tuesday.

Toyota Motor announced its largest recall in the United States today of 3.8 million vehicles on a concern that removable floor mats can interfere with its accelerator and cause a crash.

Expanding broadband usage throughout the United States will require subsidies and investment in infrastructure upgrades of as much as $350 billion, a regulatory panel said on Tuesday.

Expanding broadband usage throughout the United States will require subsidies and investment in infrastructure upgrades of as much as $350 billion, a regulatory panel said on Tuesday.

Lady Gaga told KLUC-FM radio station in Las Vegas that Kanye West was feeling so f---ing bad for his outburst at the MTV VMA's earlier this month.

Darden Restaurants Inc posted a quarterly profit above Wall Street expectations but warned that full-year profit could be at the low end of its forecast, and its shares fell 6 percent.

Nike Inc reported a stronger-than-expected quarterly profit as cost cutting and a lower tax rate more than offset revenue declines, sending its shares up 4.2 percent.

The Hills actress Stephanie Pratt says she won't return to the reality show after this season. Pratt denied that she is leaving the reality show due to the drama with Kristin Cavallari, the new cast member.

T-Mobile announced on Tuesday that the Motorola Cliq, Motorola's first smartphone on Google Android platform and a potential booster, will be available next month.

Toyota Motor Corp said on Tuesday it will recall some 3.8 million vehicles -- including its popular Prius hybrid -- because of the risk a floormat could keep the accelerator pedal forced down, a problem suspected in a recent fatal crash.

Vodafone Egypt said on Tuesday it expected to add 100,000 mobile broadband customers in 2009, taking its total broadband client base to 160,000.

Stocks fell on Tuesday as a surprise drop in a gauge of consumer confidence overshadowed signs of stabilization in housing and solid earnings from Walgreen Co .

A green power building spree is on the way, and much of it will be brought to you by the same people who built the nuclear and coal-fired power plants that keep the lights on now.

Iran said on Tuesday it would not discuss a previously secret nuclear plant at international talks this week but Washington vowed to bring it up and demanded Tehran prove it is not developing an atomic weapon.

Electronics maker Jabil Circuit Inc posted better-than-expected quarterly results helped by cost cuts and market share gains, and guided first-quarter results above Wall Street estimates, sending its shares up 8 percent after the bell.

Private equity firm CCMP Capital Advisors said on Tuesday it hired former Anadarko Petroleum Corp Chief Operating Officer Karl Kurz to help with the firm's energy investments.

Nike Inc reported a first-quarter net profit on Tuesday that beat Wall Street estimates as the company cut costs to counter fewer orders and revenue declines in most of its key geographic regions.

A New York state appeals court on Tuesday dismissed former TV newsman Dan Rather's lawsuit against CBS Corp in which Rather claimed he was made a scapegoat in a scandal over a 2004 report on then-President George W. Bush's military record.

The death of celebrity disc jockey DJ AM was caused by an accidental drug overdose, and eight different substances were found in his body, the New York City Medical Examiner's office said on Tuesday.