IBT Staff Reporter

The default rate of U.S. commercial real estate bank loans reached its highest level in 15 years and is not expected to peak until 2011, according to a report by Real Estate Econometrics.

A forward-looking measure of hiring expectations held steady in the United States and other large economies amid signs employment is starting to stabilize, but prospects in several countries worsened, according to a quarterly survey by Manpower Inc.

The girlfriend of hedge fund swindler Samuel Israel was sentenced to three years of probation, including four months of house arrest, on Tuesday for helping him stage suicide to avoid going to prison.

U.S. Senate confirmation hearings for Supreme Court nominee Sonia Sotomayor will begin on July 13, a top Democrat said on Tuesday, and a Republican lawmaker predicted she would be easily approved.

Bank of America Corp said on Tuesday it is covering the legal fees of Angelo Mozilo, the former Countrywide Financial Corp chief executive charged with securities fraud and insider trading.

Google is looking to buy smaller technology companies to enhance its technology portfolio, Chief Executive Eric Schmidt said in an interview with the Fox Business network on Tuesday.

Chrysler LLC could get federal bankruptcy court approval on Tuesday to trim its dealer network by a quarter, although opponents want any order delayed until the U.S. Supreme Court rules on the sale of the company.

The girlfriend of hedge fund swindler Samuel Israel was sentenced to three years of probation, including four months of house arrest, on Tuesday for helping him stage suicide to avoid going to prison.

Google Inc introduced software to make it easier for businesses using Microsoft Corp's Outlook to switch to its Web-based communications and collaboration products.

The girlfriend of hedge fund swindler Samuel Israel was sentenced to three years of probation, including four months of house arrest, on Tuesday for helping him stage suicide to avoid going to prison.

Oil jumped nearly 3 percent to settle at a seven-month high of $70 a barrel on Tuesday on the weaker dollar and a U.S. government report revising global demand expectations higher for the first time since September.

Microsoft Corp issued software to fix 31 security flaws in its programs, a single-day record for the company whose products are targeted by hackers because they sit on the vast majority of computers.

The Obama administration and congressional Democrats got a clear view on Tuesday of the uphill political path they face in pushing for tighter regulation of U.S. banks and financial markets.

Oil jumped nearly 3 percent to above $70 a barrel on Tuesday, boosted by the weaker dollar and a U.S. government report revising global demand expectations higher amid signs the economy may be approving.

As the economic crisis squeezes U.S. government budgets and priorities shift beyond defense, the world's top defense contractors will likely turn to acquisitions to ensure they can keep growing.

The Nasdaq rose on Tuesday after an improved outlook from Texas Instruments lifted technology stocks, but gains on other indexes were limited as plans by big banks to repay government bailout funds raised concerns whether the move would help the economy recover.

The World Health Organization (WHO) is on the verge of declaring the first influenza pandemic in more than 40 years, but wants to ensure countries are well prepared to prevent a panic, its top flu expert said on Tuesday.

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IBM said on Tuesday it is seeking to bolster sales partnerships to boost revenue in a weak economy and compete more effectively with other large technology firms.

Adults with type 1 diabetes report more symptoms of depression and more often use anti-depressant medication than adults without type 1 diabetes, according to data released here at the 69th Scientific Sessions of the American Diabetes Association (ADA).

Oil rose $1 on Tuesday to top $69 a barrel, boosted by the weaker dollar and a U.S. government report revising global demand expectations higher amid signs the economy may be approving.

When you tell your friends that a trip looms sparkly on the horizon, the next question is often, “Who are you going with?” As they mentally click on the dropdown friend list, scrolling for your best, brightest, most-likely-to-get-someplace-on-time friends…and you’ll really enjoy lobbing this showstopper.

Russia threw its 16-year bid to join the World Trade Organization into jeopardy on Tuesday when Prime Minister Vladimir Putin said Moscow would only join the trade body in partnership with two former Soviet republics.

The World Health Organization is getting close to declaring a full H1N1 influenza pandemic but wants to make sure countries are well prepared for such a move to prevent a panic, its top flu expert said Tuesday.

The Nasdaq rose on Tuesday after Texas Instruments raised its outlook, but other indexes were flat to lower after plans by big banks to repay a government bailout raised questions about whether the move would help the recovery.

The Nasdaq rose on Tuesday after Texas Instruments raised its outlook, but other indexes were flat to lower after plans by big banks to repay a government bailout raised questions about whether the move would help the recovery.

Microsoft Corp is making early gains on Internet search leaders Google Inc and Yahoo Inc with its Bing search engine that launched last week, according to industry data firm comScore.

U.S. bankruptcy filings rose in the first quarter to the highest since 2005, government data show, as rising unemployment, falling housing prices and tight credit made it harder for people to hold off their creditors.

Oil rose $1 on Tuesday to top $69 a barrel, boosted by the weaker dollar and expectations of another draw in U.S. crude inventories.