IBT Staff Reporter

Agricultural processor Archer Daniels Midland Co on Tuesday said it will eliminate 20 percent more jobs than previously expected to reduce costs.

Wynn Resorts Ltd plans to give evidence to U.S. authorities that it claims shows that its board member Kazuo Okada bribed foreign gaming regulators and may have violated the U.S. Foreign Corrupt Practices Act, board member Robert Miller told analysts on Tuesday.

Stocks dipped on Tuesday as shares pulled back after the Dow breached 13,000 for the first time since May 2008, the latest big move in stocks' recent rally.

Research In Motion on Tuesday gave its PlayBook tablet computer the ability to handle email as easily as a BlackBerry does, with new software that eliminates a shortcoming that has throttled sales since the PlayBook launched last April.

Research In Motion on Tuesday gave its PlayBook tablet computer the ability to handle email as easily as a BlackBerry does, with new software that eliminates a shortcoming that has throttled sales since the PlayBook launched last April.

Stocks dipped on Tuesday as shares pulled back after the Dow breached 13,000 for the first time since May 2008, the latest big move in stocks' recent rally.

The regulator of housing giants Fannie Mae and Freddie Mac on Tuesday outlined a new strategic plan for the two government-controlled firms, stepping into a void left by congressional inaction.

Wireless tower operator SBA Communications Corp will buy more than 2,300 tower sites and some antenna assets from Mobilitie LLC for about $1.09 billion, as it looks to benefit from an explosion in data traffic and arm itself better against larger competitors.

Wireless tower operator SBA Communications Corp will buy more than 2,300 tower sites and some antenna assets from Mobilitie LLC for about $1.09 billion, as it looks to benefit from an explosion in data traffic and arm itself better against larger competitors.

Wal-Mart Stores Inc's price cuts hurt its fourth-quarter profit, reminding investors that steps the world's largest retailer is taking to bring back shoppers do come at a cost.

Here are highlights of Greek Finance Minister Evangelos Venizelos's news conference in Athens on Tuesday after returning from Brussels talks where euro zone finance ministers clinched a 130-billion-euro bailout package.

Western investors in Japan's disgraced Olympus have accused its banks of trying to take control of the boardroom by stealth, amid growing signs that the firm's major creditors are considering installing their own appointees in the top jobs.

Netflix and the Weinstein Co. announced Tuesday it had entered into a multi-year licensing agreement that will make foreign language, documentary and certain other movies from The Weinstein Company available exclusively to U.S. Netflix subscribers.

A top executive of Japan's scandal-ridden Olympus Corp was found hanged outside his apartment in suburban Delhi in a likely suicide, police said on Tuesday.

A top executive of Japan's scandal-ridden Olympus Corp was found hanged outside his apartment in suburban Delhi in a likely suicide, police said on Tuesday.

Stocks rose on Tuesday, with the Dow briefly topping 13,000 for the first time since May 2008, after Greece secured a bailout to avoid default, but gains were limited as investors had priced in expectations of a deal.

Here are highlights of Greek Finance Minister Evangelos Venizelos's news conference in Athens on Tuesday after returning from Brussels talks where euro zone finance ministers clinched a 130-billion-euro bailout package.

Ciena Corp slashed its first-quarter sales expectations, hurt by delays in recognizing revenue as its customers take time to close deals, sending the network gear maker's shares down as much as 7 percent.

Stocks rose on Tuesday, with the Dow briefly topping 13,000 for the first time since May 2008 after Greece secured a bailout to avoid a March default, but gains were limited as investors had priced in expectations of a deal.

Barnes & Noble Inc posted strong sales in both its Nook and printed books businesses over the holiday quarter, holding its own in its bruising fight with Amazon.com Inc's Kindle in the digital books market.

Stocks rose on Tuesday, with the Dow briefly topping 13,000 for the first time since May 2008 after Greece secured a bailout to avoid a March default, but gains were limited as investors had priced in expectations of a deal.

Research In Motion released a long-delayed software update for its PlayBook tablet on Tuesday, hoping to give a fresh start to the unloved device and pave the path for its next-generation BlackBerry smartphones.

Ciena Corp slashed its first-quarter sales expectations, hurt by delays in recognizing revenue as its customers take time to close deals, sending the network gear maker's shares down as much as 7 percent.

Airline shares fell broadly on Tuesday, with US Airways Group's stock leading the decline, as the price of oil rallied, which directly influences the cost of jet fuel.

Grubb & Ellis Co filed for bankruptcy protection amid a slower-than-expected recovery in the commercial property market, and agreed to sell nearly all its assets to the financial services brokerage BGC Partners Inc .

Google is to bolster its Google Finance service by giving retail investors free access to real-time London Stock Exchange share prices.

The Supreme Court rejected on Tuesday an appeal by South Korea's Hynix Semiconductor Inc to take up the question of whether chip designer Rambus Inc illegally sued for patent infringement.

Strong demand for everything from paint to concrete helped Home Depot Inc report better-than-expected quarterly sales and profit as one of the warmest U.S. winters on record encouraged homeowners to take up home projects earlier than usual.

Stocks were little changed on Tuesday as enthusiasm waned over a deal to enable Greece to avoid a March default, while Wal-Mart weighed on the Dow after lower-than-expected results.