IBT Staff Reporter

Jenny Sanford, wife of South Carolina governor, in an interview with Vogue.com said she felt sorry for her husband's Argentinean lover, Maria Belen Chapur.

Sony Corp will launch a cheaper version of its PlayStation 3 game console and plans to cut prices on existing models effective August 19 in Europe and the United States to bolster sales and take aim at rivals Microsoft and Nintendo.

Australia and China struck their biggest trade deal on Tuesday, as the world's two most valuable listed oil companies, Exxon Mobil Corp and PetroChina , reached a $41 billion liquefied natural gas agreement.

U.S. President Barack Obama, said Tuesday he saw encouraging signs of a softening of Israel's resistance to his call for a freeze on settlement-building in the occupied West Bank.

U.S. stocks rose on Tuesday, erasing some of the sharp losses in the previous session as better-than-expected results from big retailers encouraged investors' back into the market.

Political columnist, Robert David Novak, died Tuesday at his home in Washington following a year-long battle with brain cancer.

Home Depot Inc posted a better-than-expected quarterly profit and raised its full-year forecast after cost cuts kicked in and sales improved in areas that had been hard hit by the U.S. housing downturn.

Two major Anglo American shareholders have backed new Chairman John Parker's bid to buy time and stave off rival Xstrata's nil-premium merger proposal, which one said on Tuesday was effectively dead.

The United States is building criminal cases against more than 150 American clients of Swiss bank UBS as part of a crackdown on tax evasion now made easier by a deal over access to secret account information.

Sinopec Group, China's largest oil refiner, has completed its $7.56 billion acquisition of Swiss oil explorer Addax Petroleum Corp., which has a large presence in West Africa, marking China's biggest foreign takeover to date.

Mohamed El-Erian, the chief executive of top bond fund manager PIMCO, on Tuesday said the rally in U.S. stocks had topped out because valuations have shot up too quickly.

Ground breaking for new U.S. homes fell in July, but a fifth straight monthly rise in single-family home construction kept hopes alive the economy was poised to recover from recession.

Stocks rose on Tuesday, rebounding from a sharp fall in global equities in the previous session as better-than-expected results from big retailers offset a surprise drop in housing starts.

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The euro rose on Tuesday, recovering from multi-week lows against the dollar and yen, after an unexpected gain in German investor sentiment boosted optimism about the euro zone economy.

Stocks extended gains on Tuesday, boosted by financial and technology shares one day after a sharp sell-off, while retailers were lifted by better-than-expected results from Home Depot Inc and Target Corp .

Apple Inc. will hold its music event Sep. 9 but it won't debut a tablet as previously speculated, according to reports Tuesday.

The Federal Reserve recently issued its '5 Tips for Getting the Most from Your Credit Card”

Upscale department store operator Saks Inc posted a narrower-than-expected quarterly loss on Tuesday as it trimmed costs while well-heeled shoppers held back from pricey purchases.

Stocks rose on Tuesday, rebounding from a sharp fall in global equities the previous day, as better-than-expected results from retailers, including Home Depot Inc and Target Corp , offset a surprise drop in housing starts.

General Motors signed a deal on Tuesday to sell its Saab car business to a tiny Swedish luxury carmaker, the first in a series of big sales the U.S. group is planning as it slims down.

The Miss Black USA title holder, Shanya Rudd, from Pennsylvania said she is no pageant girl and that winning the 2009 title on August 3 caught her by surprise.

A woman from the North African town of Gafsa in Tunisia in Africa, is pregnant with 12 babies, according to a report from the British newspaper The Sun.

British band Radiohead formally released its new song

General Motors Co [GM.UL] is stepping up production at car plants in Michigan and Ohio, Bloomberg said, citing people familiar with the matter.

Rosetta Stone Inc shares lost more than a quarter of their value on Monday after the language training software maker cut its third-quarter earnings outlook and scrapped a proposed stock offering a week after announcing it.

In a move that could speed his release, Scotland's high court agreed that a Libyan jailed for the 1988 bombing of a plane over Lockerbie can drop his appeal against conviction.

HealthPort Inc, a healthcare information service provider, filed with regulators on Monday to raise up to $100 million in an initial public offering, becoming the latest company with private equity funding to apply to go public.

China Everbright Securities' 30 percent rise on its Shanghai debut, subdued by China standards, suggests investor demand may be cooling after previous soaraway debuts fuelled concerns over price bubbles.