IBT Staff Reporter

Forsys Metals Corp said on Tuesday it has terminated its agreed C$579 million ($504 million) takeover by holding company George Forrest International Afrique (GFI) after the buyer failed to transfer funds to complete the deal.

It was well before any of the three Garza brothers was born, but the magical music year of 1969 still contained

Disgraced R&B star Chris Brown was sentenced to five years' probation and 180 days of community labor on Tuesday for beating up his then-girlfriend, pop singer Rihanna.

Sony Corp unveiled its first wireless electronic reader, challenging Amazon.com Inc's momentum in the growing digital book market.

The popular and free online encyclopedia Wikipedia plans to change the way people contribute to some of its entries, and will also be getting a $2 million cash infusion.

Private equity firm TPG has hired three banks to lead manage an IPO of Australia's top department store Myer Group, sources with direct knowledge told Reuters on Tuesday, valuing Myer at about $2.1 billion. The IPO, the biggest initial public offer on the Australian stock exchange since the credit crisis took hold two years ago, underscores a return of confidence in the market and heralds a wave of new listings.

The Aussie dollar experienced little in the way of volatility during yesterday's local trading day bouncing between 0.8350 and 0.8375 for the majority of the Asian session.

A federal judge on Tuesday ordered the U.S. Securities and Exchange Commission to do a better job of explaining why it did not pursue allegations that Bank of America Corp lied in its proxy statement about its approval of bonuses for Merrill Lynch & Co employees.

The mother in law, who is Jewish, is accusing Croonquist of spreading false, defamatory and racist lies when she comes up with jokes about her in comedy routines in nightclubs and on TV channels such as Comedy Central, the Associated Press reports.

Germany believes the management of General Motors Co is still committed to finding a buyer for its European unit Opel, government officials said on Tuesday after talks with the U.S. automaker in Berlin.

EU Commission Chief Jose Manuel Barroso said Tuesday that European economy still remains very volatile” despite some encouraging signs.

August 25, 2009 marks the eight anniversary of the death of Aaliyah Dana Haughton who died when a plane she was in crashed shortly after take-off in the Bahamas.

U.S. mortgage-backed securities risk premiums are about a half-percentage point below where they would be if it were not for massive buying from the Federal Reserve, Amherst Securities said on Tuesday.

U.S. stocks rose on Tuesday as economic data and the renomination of Federal Reserve chief Ben Bernanke reassured investors and offset concerns about red ink in the federal budget.

Israeli Prime Minister Benjamin Netanyahu said Tuesday he was seeking a formula to enable renewed talks with the Palestinians while permitting Jewish settlers to live normal lives.

Toronto's main stock index finished the session higher on Tuesday on strength in financial shares after Bank of Montreal (BMO.TO) kicked off quarterly earnings results for Canada's big banks with a surprisingly strong performance.

Energy company New Zealand Oil and Gas Ltd (NZO.NZ) reported a 45 percent fall in full year net profit on Wednesday, on the back of lower returns from its Tui oil field.

R&B singer Chris Brown was on Tuesday placed on felony probation for 5 years for assaulting his former girlfriend Rihanna.

Mexico's peso weakened on Tuesday on doubts that stock markets will keep rising because of worries about the strength of a global economic recovery. The peso MXN=MEX01 lost ground for the second straight session, weakening 0.54 percent to 13 per U.S. dollar.

Google is once again under scrutiny again for its Google Maps Street View service.

In late August's quiet trading, four troubled financial companies have accounted for a big piece of total volume on the New York Stock Exchange, in what one analyst referred to as a dash for trash.

New Zealand tourism operator Tourism Holdings Ltd. (THL.NZ) reported a 80 percent fall in full year profit on Wednesday as the global recession hit the tourist industry.

Brazilian iron ore miner Vale is not in talks with Chinese steelmakers on 2009 benchmark prices and will likely keep offering provisional prices on ore shipments, Chief Executive Roger Agnelli said on Tuesday.

U.S. President Barack Obama nominated Ben Bernanke as chairman of Federal Reserve to a second term on Tuesday.

Cash crude differentials weakened sharply Tuesday on the last day of dealing for September cargoes, as traders scrambled to unload grades. Mars sour MRS- dealt for $3.00 a barrel below West Texas Intermediate CLc1, down from -$2.00 on Monday. Light Louisiana Sweet LLS- traded for $2.00 a barrel above WTI, down from as much as +$2.90.

Germany's Linde (LING.DE) will cut up 8 percent of its workforce in Germany as part of a cost-savings programme to help weather the financial crisis, a source familiar with the matter told Reuters on Tuesday.

More than half the employers in a new poll say they plan to hire full-time employees in the next 12 months, according to research released on Tuesday that could spell relief for unemployed U.S. workers.

Britain's Lloyds Banking Group (LLOY.L), 43 percent owned by the UK government, will cut 200 jobs in its general insurance division by the end of January in a shake-up of back office functions, the bank said on Tuesday.

Melanie Griffith has checked into rehab, the actress' representative told Star magazine. She checked in at Cirque Lodge in Utah, a rehab center where Lindsay Lohan and Kirsten Dunst have also received treatment.