IBT Staff Reporter

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Obama to push Israelis, Palestinians on peace

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.

Pakistan soldiers swoop on Taliban stronghold

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.

Dow gains, but techs curb Nasdaq

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

FDIC seeking quick, narrow resolution authority

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.

U.S. grants $25 million in funds for wind tech center

The Department of Energy granted $25 million to the state of Massachusetts to accelerate the development of a facility that once completed will become the first commercial facility in the United States able to test wind turbine blades longer than 50 meters.

Bruckheimer Games hires industry veterans

Jerry Bruckheimer Games Inc. on Tuesday named a pair of videogame veterans to lead the company nearly 18 months after entering into a publishing agreement with MTV Games.

B of A, other U.S. banks scramble for capital

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

Profit taking and more stock offers hurt S&P

The S&P 500 and Nasdaq fell on Tuesday on profit taking in financials and technology, while a drop in U.S. exports and fresh stock sales by various companies damped investor enthusiasm.

BNP Paribas completes Fortis Bank acquisition

Europe’s largest bank, BNP Paribas Group, said on Tuesday said it has finalized acquisition to Fortis Bank with the approval of the Europe commissioner, in a deal that the biggest banking group across the Europe.

Rome’s Angels & Demons Secrets

The Eternal City’s iconic sites provide a thrilling backdrop to the blockbuster movie, but they also hold scandals and sordid histories of their own.

Cuomo says Morris associate pleads guilty to fraud

New York Attorney General Andrew Cuomo on Tuesday said an associate of Henry Morris, a top fund-raiser for a former New York state official, pleaded guilty to securities fraud and is cooperating with the state's probe into corruption surrounding public pensions.

Miss California keeps her crown

Pageant owner, Donald Trump, announced on Tuesday that Miss California USA, Carrie Prejean, can keep her crown despite all the controversies that surround her regarding her view on gay marriage and her pics in underwear.

Avoid

The day-and-a-half sales training session included one day of skill practice interviews (a less frightening term than role playing), and a half day of discussing twenty key questions every top sales professional must answer satisfactorily.

Facebook, Warner team on Watchmen promo

Warner Bros. has some new friends at Facebook. In an industry first, the studio's Warner Home Video unit is set to announce this week a plan to sync up friend networks on Facebook with the interactive community-screening features of Warners' Blu-ray Disc releases, starting with the release of Watchmen Director's Cut.

China marks 1st quake anniversary

Chinese President Hu Jintao offered flowers and expressed condolences to the quake victims Tuesday, marking the first anniversary of Wenchuan quake that left nearly 90,000 people dead or missing and 5 million homeless.

Wall Street slides on profit taking

Stocks fell on Tuesday as investors took profits in the technology and banking sectors while a drop in U.S. exports in March and multiple stock offerings from various companies dampened enthusiasm.

Paperback will survive e-readers: Mondadori

Newer technologies like electronic readers will never fully usurp demand for traditional books that offer the joy of leafing through pages on a beach, Italian publisher Mondadori's CEO said on Tuesday.

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