IBT Staff Reporter

The United States posted its first April deficit in 26 years, a record $20.91 billion shortfall as a deep recession caused revenues to collapse in the year's biggest tax collection month, the U.S. Treasury said on Tuesday.

May 12, 2009

Intel Corp's orders and billing patterns so far in the second quarter have been slightly better than expected, Chief Executive Paul Otellini said on Tuesday.

May 12, 2009

The Dow rose on Tuesday as investors scooped up defensive shares, including Pfizer , while energy companies' stocks climbed as oil hit a six-month high.

May 12, 2009

Energy prices are forecasted to remain low this year due to the economic recession and uncertainty about the recovery, Energy Department said in its short-term energy outlook for May.

May 12, 2009

The U.S. space shuttle Atlantis was hit by a piece of debris that nicked part of its heat shield that caused a 21-inch stretch of nicks, although Nasa said that the damage did not appear to be serious.

May 12, 2009

As the market for U.S. office, retail and apartment building loans heads south, investors in commercial mortgage-backed securities and servicers of the loans are feuding over how to best save their skins.

May 12, 2009

US airways said on Tuesday it will receive $234 million in net proceeds from the full exercise of its previously announced common stock and convertible note offerings from underwriters.

May 12, 2009

Former Federal Reserve Chairman Alan Greenspan said on Tuesday that

May 12, 2009

Officials accused extremist militants Tuesday of launching a poison gas attack on Afghan Girls School that caused at least 94 people hospitalized in north eastern Afghanistan.

May 12, 2009

Spanish Prime Minister on Tuesday announced a subsidy of 2,000 Euros (2,700 dollars) for motorists wanting to buy a new car in a bid to ease recession tension.

May 12, 2009

Several large U.S. banks undertook big capital-raising efforts on Tuesday, hoping to satisfy regulators who want bigger cushions against a deep recession, or proof that they have enough of a buffer already.

May 12, 2009

Google Inc unveiled a slew of new and future features on Tuesday, including one that will allow people to better coordinate Internet searches on their cell phones and computers and another that will produce sophisticated automated research reports.

May 12, 2009

Income investors are snatching up a new form of pseudo municipal bonds known as Build America Bonds (BAB).

May 12, 2009

Former NBA star Jayson Williams, who played for the New Jersey Nets, has been hospitalized after trashing a New York City hotel.

May 12, 2009

General Motors Corp shares hit there lowest level since the Great Depression on Tuesday and Nissan Motor Co posted a loss and expected more amid the deep global auto downturn.

May 12, 2009

Chrysler LLC will offer new buyouts to factory workers at seven of its eight U.S. plants slated for closure under its bankruptcy plans, the United Auto Workers union said on Tuesday.

May 12, 2009

A recovery in the U.S. housing sector could be as much as two years away, the head of the Federal Deposit Insurance Corp said on Tuesday.

May 12, 2009

The Dow rose on Tuesday as investors scooped up defensive shares, including Pfizer , while energy companies' stocks climbed as oil hit a six-month high.

May 12, 2009

Real nonresidential construction tumbled at a record 44 percent annual rate during the first quarter, subtracting over two percentage points from real GDP. A large portion of the drop was due to a pullback in oil & gas drilling and exploration. Building activity is also winding down, particularly in office and commercial construction which includes multi-tenant retail space. The economic downturn ...

May 12, 2009

Microsoft Corp said on Tuesday that hackers are seeking to attack users of its PowerPoint presentation software for Windows PCs and released patches to protect them against the threat.

May 12, 2009

Google announced exciting new features at its annual Searchology event at the Googleplex headquarters today, where the company's executives argued that “understanding people, health, communication, education and knowledge” is the next frontier of search.

May 12, 2009

U.S. President Barack Obama will urge Palestinian, Israeli and Egyptian leaders to take the steps necessary to achieve peace in the Middle East when they visit Washington this month, the White House said on Tuesday.

May 12, 2009

Helicopter-borne Pakistani soldiers swooped into a Taliban stronghold in a remote corner of Swat on Tuesday as the United Nations urged help for hundreds of thousands of people displaced by the fighting.

May 12, 2009

The Dow rose on Tuesday as investors bought into defensive shares, including Pfizer , while energy companies climbed as oil hit a six-month high.

May 12, 2009

GMAC has

May 12, 2009

I am restarting a (small) position in Riverbed Technology ( RVBD ) - it's not cheap, and I am chasing to some degree but not at recent highs (just under $19).

May 12, 2009

AutoUSA, the industry's leading provider of the highest quality Internet-generated consumer leads to auto dealer's nationwide, today announced that 86 dealer clients have made this year's Ward's e-Dealer 100 list.

May 12, 2009

The Federal Deposit Insurance Corp is talking with lawmakers about speedy legislation that could give it the power to wind down troubled bank holding companies, but not a broader range of financial firms, according to a source familiar with agency plans.

May 12, 2009

While many diehard fashionistas uphold New York as the center of the fashion world, BeautyBodyStyle.com proves that the Internet can bring a high sense of style to women anywhere.

May 12, 2009