IBT Staff Reporter

Blackstone Group LP co-founder Stephen Schwarzman got about $213.5 million in salary, share of profits and cash distributions from his holdings in the world's largest private equity firm in 2011, up 33 percent from the previous year.

Oracle Corp and SAP AG are scheduled to kick off a retrial on June 18, 2012, over copyright infringement allegations against a SAP unit, a U.S. judge ordered on Tuesday.

Web-based software maker Salesforce.com Inc's cancellation of plans to build a massive office complex in San Francisco has puzzled investors and city officials.

A federal judge in Brazil declined to grant an injunction suspending the Brazilian operations of oil major Chevron and offshore oil-rig contractor Transocean over a November oil spill northeast of Rio de Janeiro, providing temporary relief to the two companies.

Goldman Sachs Group Inc plans to add 300 workers to its fast-growing office in Salt Lake City, Utah, by the end of the year, Chief Executive Lloyd Blankfein told employees at a town hall meeting there on Tuesday, according to a Goldman staffer who was present.

Moody's Investors Service was ordered to defend against a lawsuit by a whistleblowing former analyst who claimed it illegally retaliated against him for questioning its ratings practices for risky mortgage debt.

Yahoo could be trying to boost its acquisition value by demanding licensing fees from Facebook for the use of its technology, as the one time Web-pioneer considers strategic M&A options, according to patent experts.

Digital music start-up MOG isn't actively trying to sell itself, its chief executive said on Tuesday, responding to a report that said his company is struggling in the competitive music subscription business.

The Justice Department is conducting a criminal probe into whether the world's biggest banks manipulated a global benchmark rate, according to a person familiar with the situation.

Rati Motwani of Mumbai treats her 7-year-old daughter to a fast-food fix almost every weekend.

Twitter will expand its advertising program for the Apple Inc iPhone and Google Inc Android devices, hoping to better tap into its growing mobile user base and ramp up revenue.

JPMorgan Chase & Co plans to use size to its advantage, leveraging its various components to boost annual earnings more than 25 percent over time, bank executives said on Tuesday.

Hedge fund manager Philip Falcone has joined the board of LightSquared, the cash-strapped company backed by his firm Harbinger Capital Partners, as he seeks a bigger role in the telecom startup whose chief executive has just resigned.

Yahoo has demanded licensing fees from Facebook for use of its technology, the companies said on Monday, potentially engulfing social media in the patent battles and lawsuits raging across much of the tech sector.

The Dow closed above 13,000 for the first time since May 2008 on Tuesday and the S&P 500 also hit a milestone, as buoyant U.S. consumer confidence data and a sharp drop in oil prices nudged the nearly five-month rally forward.

Apple Inc is hosting a media event next Wednesday, where it is expected to unveil a faster, better-equipped version of its popular iPad tablet to thwart increasing competition from deep-pocketed rivals such as Amazon.com Inc.

The Dow closed above 13,000 for the first time since 2008 on Tuesday and the S&P 500 also hit a milestone, as buoyant U.S. consumer confidence data and a sharp drop in oil prices nudged the nearly five-month rally forward.

It's not a message you hear often from risk-averse big banks but Bank of America Corp Co-Chief Operating Officer Thomas Montag on Tuesday told a roomful of hedge fund investors and managers that he had some good news.

Stocks rose modestly on Tuesday as U.S. consumer confidence data and a sharp drop in oil futures prices relieved worries about lackluster spending.

Honda Motor Co <7267.T> lost its top spot in an influential annual automotive report on quality, while Mazda and Chrysler showed the biggest gains.

It's time for defense, says Bill Gross, manager of the world's largest bond fund.

Apple Inc plans to hold a special event next week where it is expected to unveil the latest version of its popular iPad tablet.

The Dutch parliament, which has been heavily critical of euro zone bailouts, gave grudging backing to Greece's second rescue package on Tuesday saying it was needed to stabilize the currency bloc.

Tenet Healthcare Inc on Tuesday said delayed reimbursements from some insurers caused it to report quarterly earnings below analyst estimates but the No. 3 U.S. hospital chain raised its full-year outlook because it expects to be paid later in the year.

U.S. stocks gained on Tuesday as strong U.S. consumer confidence data outweighed initial disappointment caused by a disappointing report on durable goods orders.

Spain must explain soon to the European Commission why its 2011 budget deficit was substantially higher than expected and deliver clear future budget plans, the Commission said on Tuesday.

Apple Inc plans to hold a special event next week where it is expected to unveil the latest version of its popular iPad tablet.

Apple Inc is hosting a media event next week where it is expected to unveil the latest version of its popular iPad tablet as it looks to thwart increasing competition from deep-pocketed rivals such as Amazon Inc.

Microsoft and several other companies have complained to EU antitrust regulators about Google's social networking tool, two people familiar with the matter said, but they declined to provide the names of the other firms involved.