IBT Staff Reporter

The Dow and the S&P slipped on Tuesday, recovering from steeper declines earlier in the day, as investors shrugged off weak consumer confidence data and focused on positive earnings reports.

Jul 28, 2009

California governor, Arnold Schwarzenegger, signed the newly trimmed California budget after making cuts to child welfare programs, medical care for the poor and AIDS prevention efforts on Tuesday.

Jul 28, 2009

The struggle in the U.S. Congress over healthcare reform has led to speculation that Democrats' honeymoon with Democratic President Barack Obama is coming to an end, six months after he took office.

Jul 28, 2009

The Dalai Lama may not be the first person who comes to mind for business advice but, as the Buddhist monk wrote in his new book, capitalism can profit from Buddhism's principles and values.

Jul 28, 2009

Police raided the Las Vegas home and office of Michael Jackson's personal physician on Tuesday as the probe into the pop star's sudden death focused increasingly on the doctor who was at his side when he died.

Jul 28, 2009

Phibro LLC, the energy trading arm of beleaguered bank Citigroup , was mum Tuesday after the White House criticized a reported $100 million pay plan for its top trader Andrew Hall as out of whack.

Jul 28, 2009

Lawmakers on both sides of the Capitol pushed for a healthcare reform deal on Tuesday, with Senate Democrats near agreement with three Republicans on a plan unlikely to include a government-run insurance option backed by President Barack Obama.

Jul 28, 2009

The U.S. Securities and Exchange Commission's probe of Texas financier Allen Stanford was hampered by a lack of cooperation by Stanford and the head of Antigua's financial regulator, the SEC's internal watchdog said in a report released on Tuesday.

Jul 28, 2009

Until you actually take your first trip to this stunning Dutch city, it's easy to make some assumptions about the place based on whispers you might hear regarding its infamous Red Light District and the city's notorious

Jul 28, 2009

Americans think the Federal Reserve is doing a worse job than even the much-maligned Internal Revenue Service.

Jul 28, 2009

The Commodity Futures Trading Commission will consider every option to clampdown on excessive speculation in energy markets, the head of the agency said on Tuesday.

Jul 28, 2009

The Federal Reserve will act decisively when needed to tighten monetary policy and tamp down any prospects of inflation, a top Fed policy-maker said on Tuesday.

Jul 28, 2009

The Nasdaq Stock Market supports a ban on so-called flashes, order types that it and other stock-trading venues send to a select group of traders fractions of a second before revealing them publicly, Senator Charles Schumer said on Tuesday.

Jul 28, 2009

Sprint Nextel Corp said on Tuesday it would buy out Virgin Mobile USA Inc in a deal that values the small wireless carrier at $483 million and pushes Sprint deeper into the low-end prepaid mobile market.

Jul 28, 2009

The Dow industrials and the S&P 500 slipped on Tuesday as signs of a strong economic recovery were put to the test by a large drop in consumer confidence and disappointing quarterly results from Office Depot and U.S. Steel, among other companies.

Jul 28, 2009

U.S. Steel Corp reported its second consecutive quarterly loss on Tuesday and said it expected all of its business sectors to operate in the red in the third quarter.

Jul 28, 2009

U.S. home prices rose in May for the first time in three years, the latest sign suggesting the battered housing market is stabilizing, but a weakening job market hit consumer confidence in July and could prevent near-term economic recovery.

Jul 28, 2009

Shares in Italy's Safilo slumped on Tuesday as the main rescue option for the maker of Dior and Gucci eyewear disappeared with the collapse of talks with private equity fund Bain Capital.

Jul 28, 2009

Las Vegas police searched the home of Dr. Conrad Murray, Michael Jackson's personal doctor, on Tuesday as the probe into the star's sudden death increasingly appeared to focus on whether the physician gave him drugs before he died.

Jul 28, 2009

Canadian auto parts maker Magna offered to increase the amount of upfront capital it would invest in Opel as part of a bid for the General Motors' European unit, several sources said on Tuesday.

Jul 28, 2009

RioCan Real Estate Investment Trust is looking at acquisition opportunities in Canada in the short term and will likely close a deal by the end of the year, Chief Executive Edward Sonshine said in an interview with Reuters.

Jul 28, 2009

Michael Phelps of the U.S. was upset by Paul Biederman of Germany on Tuesday in the 200-meter freestyle at the world swimming championships in Rome.

Jul 28, 2009

A full senate vote for President Obama's Supreme Court nominee Sonia Sotomayor is likely to be held the week of August 3, just ahead of the Senate's summer recess after a panel voted mostly along partiesan lienes to advance her nomination today.

Jul 28, 2009

Michael Jackson's autopsy report was revealed in detail on Tuesday by The Sun newspaper. The following are the leaked autopsy details of the King of Pop:

Jul 28, 2009

The $1.13 billion sale of Nortel Networks' prized wireless assets to Swedish telecoms equipment maker Ericsson will likely receive the blessing of the courts on Tuesday, although it is not yet clear if it will pass Canadian government muster.

Jul 28, 2009

Verizon Wireless and Qualcomm Inc are forming a joint venture to offer machine-to-machine wireless services to companies in sectors such as healthcare, manufacturing and utilities.

Jul 28, 2009

General Electric Co's finance arm is navigating the current recession more or less as it had predicted in March and does not expect to turn to investors for more capital, company officials said on Tuesday.

Jul 28, 2009

AMD on Tuesday unveiled new high-end 3D pro graphic accelerator, ATI FirePro V8750 which is compatible with FirePro S400 Synchronization Module of up to four professional graphics cards.

Jul 28, 2009

Interpublic Group reported a sharper-than-expected drop in quarterly results, sending its shares down 11 percent and making it clear that the advertising industry's troubles are not yet over.

Jul 28, 2009