IBT Staff Reporter

For a few frenzied weeks this summer, the U.S. auto industry has been partying like the good old days of 2007 -- before demand dropped off a cliff.

Chinese supermarket chain Times Ltd's majority shareholder has invited bidders to make offers for the retailer, the Wall Street Journal reported, citing people familiar with the situation.

Deutsche Lufthansa expects it could close the deal to buy Austrian Airlines on or around September 3, a person familiar with the negotiations said on Tuesday.

Toyota Motor Corp (7203.T) plans to raise its production in Japan for the first time in 16 months in November thanks to a recovery in auto sales driven by government incentives, the Asahi newspaper reported on Tuesday.

U.S. securities regulators are examining weekly meetings at Goldman Sachs Group Inc , where research analysts offer tips to traders and then to big clients, the Wall Street Journal reported on its website.

Borders Group Inc on Tuesday posted a wider-than-expected quarterly loss as sales slumped.

The death of reality TV star Ryan Jenkins, who was accused of mutilating his wife swimsuit model Jasmine Fiore, looked demonic, Kevin Walker who found Jenkins body, said.

Primus Financial Holdings is very confident it will get approval from Taiwan's regulators for its bid to buy AIG's Taiwan insurance unit, a top executive from the investment firm said on Tuesday.

Internet security company McAfee Inc. says, both tabloid fixture Megan Fox and American icon Angelina Jolie resulted in an equal number of risky download Web sites, proving cybercriminals are in the business of capitalizing on the world’s most famous faces.

Norway's Det norske oljeselskap and Aker Exploration said on Tuesday they had agreed to merge to create the country's second-biggest oil firm with a combined value of around $694 million.

Oil hit $75 for the first time in 10 months on Tuesday, recouping earlier losses in line with equity markets on data that showed U.S. house prices climbed and consumer confidence rose to the strongest since May.

Medical device maker Medtronic Inc said on Tuesday quarterly earnings fell 38 percent due to restructuring and litigation charges.

The American Heart Association's recommendation on Monday to cut back dramatically on sugar may be a blow or opportunity for soft drink makers, who have been accused of helping fuel the U.S. obesity epidemic.

The total value of distressed commercial real estate reached $114.2 billion in August, according to the latest issue of the quarterly Distressed Commercial Real Estate Journal. The journal is published by the Distressed Asset Recovery Team--a consultancy formed earlier this year by Beers and Cutler, Delta Associates, Fore Consulting, and BlackwellAdvisors--and uses data provided by several firms i...

China's IP address will be used up in two or three years as the number of internet users keeps soaring, People's Daily reported on Monday, citing a Chinese expert.

The long-distance joggler understands better than most that the race is not always to the swiftest.

The Hanover Marriott, an upscale hotel on Route 10 in the Whippany section of the township, has been sold for $27 million to HEI Hotels & Resorts, which will invest $20 million to fully renovate all public and private spaces of the 353-room hotel, according to the NJBIZ reports.

U.S. auto giant Chrysler has not signed a deal with Fiat's Chinese partner Guangzhou Auto [GAIGPA.UL] to produce Jeeps in China, a Chrysler spokesman said on Tuesday, after media reported there was an agreement.

U.S. consumer confidence climbed more than expected in August on an improved outlook on the job market and the overall economy, according to a private report released on Tuesday.

German government officials met with General Motors' top negotiator on Tuesday, hoping to get answers on why the U.S. carmaker has so far failed to choose a buyer for its European unit, Opel.

U.S. internet powerhouse Yahoo said on Tuesday it is acquiring Maktoob.com, one of the Arab world's largest online portals, in a bid to tap into the Arab region, making Yahoo available in Arabic.

Americans need to cut back dramatically on sugar consumption, the American Heart Association said on Monday in a recommendation that is likely to rile food and beverage companies.

General Motors' chief negotiator in the sale of Opel will on Tuesday meet a task force created by the German government to discuss the U.S. carmaker's plans for the European unit, a German politician said.

Asia is going to be way short of the new H1N1 vaccine to fight swine flu when the next surge of infections hits during the cold season this year, a spokesman for the World Health Organization said on Tuesday.

Perhaps the most remarkable thing about online networking is the wide range of reactions it stirs up. Some real estate professionals swear by it. Others say it's a diversion at best-and an utter waste of time at worst.

Bollinger Bands are a technical trading tool created by John Bollinger in the early 1980s. They arose from the need for adaptive trading bands and the observation that volatility was dynamic, not static as was widely believed at the time. The purpose of Bollinger Bands is to provide a relative definition of high and low. By definition prices are high at the upper band and low at the lower band.

Israeli aircraft bombed a tunnel under the border between the Gaza Strip and Egypt on Tuesday, killing three Palestinians inside, medical workers said.

Iran has not expanded the number of centrifuges enriching uranium at its Natanz nuclear site since the end of May after increasing capacity steadily over the previous three years, diplomats said.

A New York court has partly denied motions by polysilicon maker MEMC (WFR.N) against Conergy (CGYG.DE), a small victory for the German solar group in the two companies' ongoing legal battle.