IBT Staff Reporter

JPMorgan Chase & Co agreed to pay $150 million to settle a lawsuit by pension funds and other investors accusing the largest U.S. bank of imprudently investing their cash in a risky debt vehicle that collapsed in 2008.

U.S. stocks fell on Tuesday after a 3-day winning streak for the S&P 500 on concerns that China's economy may be slowing down.

Tiffany & Co said its business was back on track in the first quarter after a holiday scare, and the high-end jeweler forecast higher sales and profit for 2012, sending shares up nearly 7 percent.

Sales of smartphones with Microsoft Windows software have surpassed those using Nokia's old Symbian system in Britain, research showed on Tuesday, a sign of progress in Nokia's switch to Microsoft software.

Apple Inc CEO Tim Cook, moving swiftly after taking over from late Silicon Valley icon Steve Jobs, fulfilled a longstanding desire of investors by initiating a quarterly dividend and share buyback that will pay out $45 billion over three years.

Glencore , the world's largest commodities trader, is buying Canada's leading grain handler, Viterra , in a cash deal valuing it at C$6.1 billion ($6.2 billion).

A South African lawyer said on Tuesday he was preparing a class action lawsuit against leading gold mining firms on behalf of thousands of former miners who say they contracted silicosis, a debilitating lung disease, through negligent health and safety.

Stocks fell at the open on Tuesday as equities paused after a 3-day winning streak for the S&P 500, which came within 10 percent of a historic closing high.

India will urge its airlines not to take part in the European Union Emissions Trading Scheme , a senior official said, the latest salvo in an escalating row over an EU law requiring all flights in and out of Europe to pay for their emissions.

Commodities trader Glencore , backed by partners Richardson International and Agrium Inc , has agreed to buy Canada's Viterra in a cash deal valuing the country's largest grain handler at C$6.1 billion ($6.2 billion).

New York Times Co said on Tuesday it will halve the number of free articles readers can view on its NYTimes.com site.

Stock were set for a lower open on Tuesday as equities appeared ready to pause after the S&P 500 advanced for a third straight session, moving within 10 percent of its historic closing high.

Permits for U.S. homebuilding neared a 3-1/2 year high in February, even as groundbreaking activity slipped, suggesting a nascent recovery in the housing market was still on track.

Cisco Systems is expanding its services to enable companies to manage and secure private mobile devices used by employees at work, aiming to benefit from the trend widely known as BYOD or Bring Your Own Device.

Stock index futures fell on Tuesday ahead of housing market data after the S&P 500 advanced for a third straight session, moving within 10 percent of its historic closing high.

Stock index futures fell on Tuesday ahead of housing market data after the S&P 500 advanced for a third straight session, moving within 10 percent of its historic closing high.

Swiss bankers are on the defensive with their secretive industry under sustained attack for sheltering tax dodgers. Some cannot travel abroad for fear of arrest in tax investigations.

Greece's current account deficit shrank 46 percent year on year in January, helped by a smaller trade gap, the country's central bank said on Tuesday, in a rare bit of good news for the recession-hit economy.

Critics of China's foreign exchange regime have shifted their focus from the value of the yuan to the mechanism in which its day-to-day level is set, the head of the OECD said on Tuesday, a fresh sign that currency may be near its equilibrium level.

U.S. stock index futures fell on Tuesday ahead of housing market data after the S&P 500 advanced for a third straight session, moving within 10 percent of its historic closing high.

Tiffany & Co forecast higher fiscal-year results on Tuesday, helped by its expansion in Asia and the Americas and sales that so far are in line with its projections.

Japan's Olympus Corp will unveil new endoscopes on Wednesday, its first major product launch since an accounting fraud erupted last year and threatened the 92-year-old firm's survival.

France's data protection watchdog has given internet search group Google Inc three weeks to answer questions about its new privacy policy, as part of a Europe-wide investigation being led by the French regulator.

Glencore International will resume operations at the only copper refinery in the Philippines by June or July, six months after a fire halted its operations, a company official told Reuters on Tuesday.

Australian iron ore miners, key beneficiaries of China's modern-day industrial revolution, on Tuesday signaled demand growth was finally slowing in response to Beijing's moves to cool its economy.

A senior executive at Sun Hung Kai Properties Ltd <0016.HK>, Asia's largest property developer by market value, has been arrested by Hong Kong's anti-graft body over suspected bribery, in a rare case for a major property company in the city.

State-run Air India will push ahead with its purchase of 27 of Boeing Co's 787 Dreamliner aircraft, India's Aviation Minister Ajit Singh said on Tuesday, despite a heavy debt burden and a long-running dispute with the plane maker.

Apple has cemented its dominance as the most popular mobile platform among application developers while Google's Android has receded and Research In Motion's devices plunged anew, according to a quarterly survey that may signal sales trends for mobile devices.

Royal Bank of Scotland is closing its equity capital market and corporate finance units in South Korea and cash equities businesses in Indonesia, Singapore and Korea, according to an internal memo seen by Reuters on Tuesday.