IBT Staff Reporter

The leaders of the world's biggest emerging powers, Brazil, Russia, India and China meet this week for their first formal summit, seeking ways to reshape the global financial system after the worst economic crisis in decades.

U.S. stocks slipped on Tuesday as mixed economic data and Best Buy's disappointing sales spurred worries about an anemic recovery.

Western Digital on Tuesday said it has begun shipping its new SiliconDrive SATA/PATA SSDs with higher speeds, reliability and capacities for Embedded Systems and Data Streaming Applications design for OEMs.

Supporters of defeated Iranian presidential candidate Mirhossein Mousavi posted defiant messages on Twitter on Tuesday, calling for a second banned pro-Mousavi rally to go ahead and offering security updates.

Kim Jong Un, the youngest son of North Korean leader Kim Jong-il, secretly visited China last week and met with President Hu Jintao, Japan's Asahi newspaper reported on Tuesday.

Research In Motion is adding another smartphone to its BlackBerry lineup as it aims to win market share among both executives and mainstream consumers despite tough economic conditions.

MySpace, the social network owned by Rupert Murdoch's News Corp, said it will cut its staff by 30 percent to lower its cost as it struggles to maintain its popularity in the face of rising competition.

President Barack Obama pledged on Tuesday to pursue major changes in U.S. financial regulation, but warned it will be a heavy lift politically with special interests already offering opposition.

Sales of Palm Inc's closely watched Pre mobile phone are running on track with -- and exceeding some -- Wall Street expectations after just over one week in stores.

The federal tax credit for plug-in hybrid and all-electric vehicles in the U.S. — $7,500 — is just enough to let Tesla Motors tout a sub-$50,000 base price for its planned Model S electric sedan

German industrial conglomerate Bosch ROBG.UL expects revenue in its core car parts business to decline by about a fifth this year in line with global production volumes.

A federal judge gave bankrupt Delphi Corp (DPHIQ.PK) final approval on Tuesday to tap former parent General Motors Inc (GMGMQ.PK) for access to $250 million in funding that is expected to support the Troy, Michigan-based auto parts supplier until it can emerge from bankruptcy.

Honda Motor Co (7267.T) plans to periodically issue asset-backed securities in the United States to accommodate the expected recovery in car sales and longer-term funding needs, the Nikkei business daily said.

Matsuyama usually doesn’t roll off the tongue when Japan’s most popular tourist destinations are mentioned. But Shikoku’s largest city features a landmark that has appeared in several literary works and is considered very soothing.

A top Federal Reserve official warned on Tuesday not to take recent gains across a range of asset prices as proof the U.S. economy is on the verge of a strong recovery.

The U.S. Congress probably has broad authority to empower regulators to take over big banks and other giant financial companies, even if shareholders and other creditors lose out, analysts said.

British Airways, which reported a record annual loss last month, said on Tuesday it had asked its staff to work for free as part of the company's battle for survival in tough market conditions.

Facebook has passed News Corp.'s MySpace domestically in traffic, according to online metrics firm comScore.

Best Buy Co Inc posted lower first-quarter earnings and weaker-than-expected sales on Tuesday and implied earnings for the rest of the year would be worse than forecast, dragging its shares down more than 7 percent.

U.S. stocks fell on Tuesday as mixed economic data spurred worries of an anemic economic recovery and Best Buy's disappointing results signaled consumer spending remains weak.

Leaders of the emerging countries joined hands calling for a new world order amid the global financial crisis and boosting security and trade at two summits on Tuesday.

Leading provider of Blu-ray Disc and DVD product solutions Marvell Technology on Tuesday said its 88DE2710 video processor powers Sony's latest High-End BDP-S5000ES Blu-Ray Disc Player.

The systemic risk regulator envisaged under a U.S. overhaul of financial regulations should not add an unnecessary layer of hands-on supervision, the U.S. Chamber of Commerce said on Tuesday.

Stocks accelerated their drop on Tuesday as mixed economic data fed worries that the economic recovery may be anemic, while Best Buy's disappointing results pointed to a still weak consumer.

The U.S. recession will end in the third quarter, but lingering high unemployment and large federal deficits may pose a longer-term threat, economists advising the American Bankers Association said on Tuesday.

Opponents facing an uphill battle to unseat Afghan President Hamid Karzai in August 20 elections rallied supporters and sent them out into the streets to put up posters on Tuesday, the official start of campaigning.

The world is 'sleepwalking' toward preventable natural disasters whose effects could be cut significantly with a modest increase in spending on risk reduction, the United Nations aid chief said on Tuesday

A U.S. judge on Tuesday approved a legal settlement requiring a unit of Banco Santander SA , which fed billions to New York financier Bernard Madoff before his swindle was revealed, to pay $235 million.

Leaders of emerging world powers discussed reducing their reliance on the United States, as well as boosting security and trade at two summits on Tuesday hosted by Russia but excluding the West.