IBT Staff Reporter

Illegal Internet pharmacies are using social media to market drugs to young people, an international report said on Tuesday.

Tenet Healthcare Inc , the No. 3 U.S. hospital chain, posted a quarterly net loss on Tuesday as it restructured debt to reduce interest expense but raised its earnings forecast for 2012.

Consumer confidence scaled a one-year high in February as optimism about the labor market offset concerns over rising gasoline prices, an independent survey showed on Tuesday.

JPMorgan Chase & Co is using size to its advantage, leveraging the various components of its business to help increase annual earnings more than 25 percent over time, Chief Financial Officer Doug Braunstein said on Tuesday.

Microsoft and several other firms have complained to EU antitrust regulators about Google's social networking tool, two people familiar with the matter said, in a move that may prompt the EU to broaden its ongoing investigation into Google.

Tenet Healthcare Inc , the No. 3 U.S. hospital chain, posted a quarterly net loss on Tuesday as it restructured debt to reduce interest expense, but raised its earnings forecast for 2012.

The Federal Housing Administration faces considerable risks to its finances and the Obama administration will continue to scale back the agency's presence in the mortgage market, the top U.S. housing official said on Tuesday.

New orders for long-lasting manufactured goods fell in January by the most in three years as demand slumped across the board, suggesting the economy started the year on weaker footing than expected.

Standard & Poor's on Monday cut Greece's long-term ratings to 'selective default', the second ratings agency to proceed with a widely expected downgrade after the country announced a bond swap plan to lighten its debt burden.

Stocks rose on Tuesday on strong U.S. consumer confidence data, but gains were capped after a report showed a drop in durable goods orders.

New orders for U.S. manufactured goods fell in January by the most in three years as demand fell across the board from machinery to aircraft, suggesting the economy started the year on weaker footing than expected.

Boeing Co was set to make a first delivery of the passenger version of its upgraded 747, its largest and most recognizable commercial airplane, to an unnamed VIP customer on Tuesday, capping a development delay of more than a year.

Consumer confidence scaled a one-year high in February as optimism about the labor market offset concerns over rising gasoline prices, an independent survey showed on Tuesday.

The U.S. banking industry continues to recover from the economic downturn and the 2007-2009 financial crisis, with profits rising over the past year, but the improvement can only continue if lending picks up, the Federal Deposit Insurance Corp said.

CME Group Inc. has received two subpoenas from authorities investigating the collapse of futures broker MF Global, Holdings Ltd, the futures exchange operator said in a regulatory filing on Tuesday.

Microsoft and several other firms have complained to EU antitrust regulators about Google's social networking tool, two people familiar with the matter said, in a move that may prompt the EU to broaden its ongoing investigation into Google.

New orders for long-lasting U.S. manufactured goods fell in January by the most in three years as demand slumped across the board, suggesting the economy started the year on weaker footing than expected.

Greece's central bank is likely to step in to smooth funding for the country's banks after an earlier-than-expected downgrade of the nation's credit rating prevented them from borrowing against Greek government bonds.

Single-family home prices ended 2011 on a downbeat note as a drop in December prices sent the seasonally-adjusted index to its lowest level since 2003, according to a closely watched survey on Tuesday.

Stocks were set to open little changed on Tuesday after a report showing a sharp drop in durable goods orders cut into upbeat sentiment a day after the S&P 500 closed at its highest since June 2008.

Japanese electronics giant Panasonic Corp named the head of its loss-making TV business as its new president and pledged to get the TV division back on track within two years as the group heads for a record $10 billion loss.

New orders for long-lasting manufactured goods fell in January by the most in three years as demand slumped across the board, suggesting the economy started the year on weaker footing than expected.

Barclays Plc said any retrospective change to UK tax laws would not have a material impact on its profits and said it alerted the UK government to a tax efficient scheme it used, sparking a government clampdown on the tax schemes.

Chancellor Angela Merkel's room for maneuver on future euro zone bailouts, in doubt after a revolt by coalition lawmakers, shrank further on Tuesday when Germany's top court raised a hurdle to swift action in financial rescues.

For Steven Sinofsky, the stern but creative engineering manager who runs Microsoft Corp's flagship Windows division, February 29 is showtime.

President Barack Obama, following through on a promise to beef up enforcement of trade agreements, on Tuesday will sign an executive order creating a new government team to make sure China and others play by the rules, the White House said.

Stock index futures rose in low volume on Tuesday a day after the S&P 500 hit a fresh 4-year high and ahead of economic data and this week's liquidity injection by the European Central Bank aimed at supporting the euro zone's ailing banking sector.

Standard & Poor's downgrading of Greece's long-term ratings to 'selective default' could well be short but there is a risk Athens falls back into default later, S&P analyst Moritz Kraemer said on Tuesday.

Price comparison website Moneysupermarket.com Group PLC said its full-year profit more than doubled as more consumers used its online services, boosting performance particularly in the company's insurance and money segments.