IBT Staff Reporter

General Motors Corp is in intense and earnest preparations for a possible bankruptcy filing, a source familiar with the company's plans told Reuters on Tuesday.

Aluminum giant Alcoa Inc continued to grapple with the economic downturn in the first three months of 2009 as its measures to stem losses bore fruit, reporting a deficit half as small as the previous quarter.

Google Inc helps newspaper websites make money through online advertising and does not misappropriate their content, a lawyer for the search engine said on the company's blog on Tuesday.

Stocks slid on Tuesday, hammered by fears that companies will show they struggled in the first quarter as the recession dragged on as the earnings season prepared to kick off with Alcoa.

Aluminum producer Alcoa Inc reported a second consecutive quarterly loss on Tuesday, due mostly to a drop in demand, especially in the auto industry, and sharply lower prices.

Continental Airlines Inc won the U.S. government's nod on Tuesday for its plans to join the Star Alliance, which allows airlines to cooperate in marketing their routes and pricing to the public.

The chief executive of Goldman Sachs called on Tuesday for reforms to executive pay and a broadening of financial regulation in a contrite speech that was twice interrupted by protesters.

Former Peruvian President Alberto Fujimori was convicted of human rights crimes Tuesday, the first time a democratically elected Latin American president was found guilty in his own country of rights abuses.

Like nearly 200 million other people around the world, Yahoo Inc co-founder David Filo has a Facebook account.

The United Nations appealed a $35 million bailout to save lives in Madagascar where over 3 million people need help due to political instability and natural disasters.

Don't look now, but the U.S. stock market may be headed for another royal smackdown with fears that first-quarter results will fail to show signs of an upturn for Corporate America.

Struggling General Motors Corp. is teaming with Segway, the scooter company, in a bid to answer consumers’ green transportation needs by developing a battery-powered vehicle that cuts through urban congestion and emits less pollution.

Data Robotics has released its first small and medium businesses (SMBs) data storage system that manages itself.

U.S. consumer borrowing fell more steeply than expected in February as credit and charge card use dropped by the most on record, a Federal Reserve report showed on Tuesday.

Two-thirds of U.S. chief executives plan additional layoffs and expect sales to decline in the next six months as their confidence in the economy continues to fall, according to a survey released on Tuesday.

Oil fell nearly $2 a barrel on Tuesday, tracking U.S. stock market losses ahead of what is expected to be a miserable first-quarter earnings season, while the market eyed another rise in U.S. crude inventories.

Oil fell nearly $2 a barrel on Tuesday, tracking U.S. stock market losses ahead of what is expected to be a miserable first-quarter earnings season, while the market eyed another rise in U.S. crude inventories.

U.S. consumer borrowing fell sharply in February after rising for the first time in three months in January a Federal Reserve report showed on Tuesday.

Google Inc helps newspaper websites make money through online advertising and does not misappropriate their content, a lawyer for the search engine said on the company's blog on Tuesday.

The number of empty seats on planes flown by U.S. airlines is rising this year despite aggressive fare sales and capacity cuts, darkening the outlook for industry earnings in the first quarter and beyond.

As the effects of the receding economy hit aluminum giant Alcoa Inc hard with a $1.2 billion loss late last year, the biggest announcement for metal producer in the first three months of the new year was its plan to substantially reduce costs and raise cash by 2010.

Cisco System and Dell are unlikely to bid on Sun, nor are other possible suitors, analysts are predicting, following the reported breakdown of talks with Sun and IBM.

Stocks tumbled on Tuesday on jitters over what is expected to be another bleak earnings season and following news General Motors was said to be in intense preparations for a possible bankruptcy filing.

Oil fell below $50 a barrel on Tuesday, tracking U.S. stock market losses ahead of what is expected to be a miserable first-quarter earnings season, while the market eyed another rise in U.S. crude inventories.

Alcoa Inc shares fell on Tuesday, hours before the aluminum producer was scheduled to report what was expected to be a second consecutive quarterly loss.

General Motors Corp is in intense and earnest preparations for a possible bankruptcy filing, a source familiar with the company's plans told Reuters on Tuesday.

Google Inc helps newspaper websites make money through online advertising and does not misappropriate their content, a lawyer for the search engine said on the company's blog on Tuesday.

President Barack Obama flew to Baghdad on Tuesday to meet U.S. military commanders and Iraqi leaders and assess security there first-hand after announcing a strategy to wind down the six-year war he opposed.

U.S. stocks fell on Tuesday as investors braced for what is expected to be another dismal earnings season and the specter of bankruptcy at General Motors resurfaced.