IBT Staff Reporter

After a week of grabbing the attention of sports headlines, Knicks point guard Jeremy Lin has increased the profits of Madison Square Garden and the Knicks establishment.

As a part of its subway-wide maintenance program, MTA will shut down the Seventh Avenue 1, 2 and 3 lines at night in order to provide needed repair to the line.

After the arrest of Gregory Atkins, a 56-year-old teacher's aide who is accused of sexually abusing an eight-year-old students, angry parents turned to Schools Chancellor Dennis Walcott to demand answers and justice.

U.S. agri-business giant Monsanto said on Tuesday it will appeal a French court ruling that found it responsible for the poisoning of a farmer who inhaled a weedkiller in what is the first such case to reach court in France.

The European Union is likely to take action against Spain's newly installed government by May for delaying austerity measures ahead of a regional election next month, sources familiar with the situation told Reuters.

The European Union is likely to take action against Spain's newly installed government by May for delaying austerity measures ahead of a regional election next month, sources familiar with the situation told Reuters.

Output at factories in the euro zone tumbled in December, reflecting a sick European economy that probably shrank at the end of 2011 but it is hoped will recover this year.

The Bank of Japan boosted its asset buying program by $130 billion on Tuesday and in the face of political pressure set an inflation goal of one percent, signaling a more aggressive monetary policy to pull an ailing economy out of deflation.

When it comes to hiring top commodity traders, what goes around comes around. Wall Street, after years of poaching the best and brightest from specialized commodity firms, is losing the war to keep the essential traders who know how to arbitrage copper or store crude .

India's government is investigating whether local units of U.S. Internet giants Google Inc and Yahoo Inc may have violated the country's foreign exchange laws, the Wall Street Journal reported.

Asian nations shopped for aircraft and military hardware at the region's biggest aerospace and weapons bazaar on Tuesday as a new report said China's defense spending would exceed the combined spending of all major countries in the region within three years.

Stock index futures pointed to a slightly lower open for equities on Wall Street on Tuesday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 down 0.1 to 0.2 percent.

Rating agency Moody's warned on Monday it may cut the triple-A ratings of France, the United Kingdom and Austria, and it downgraded six other European nations including Italy, Spain and Portugal, citing growing risks from Europe's debt crisis.

Boeing Co said on Tuesday it signed its largest ever commercial airplane order with Indonesia's Lion Air in a deal worth $22.4 billion.

Samsung Electronics Co said on Tuesday it is considering various options to improve competitiveness of its loss-making LCD flat-screen business but declined to comment on a media report that it may spin off the operation.

Global shares and the euro eased and safe-haven German government bonds rose on Tuesday as demand for riskier assets stalled after ratings agency Moody's downgraded six European nations, taking the shine off the Bank of Japan's policy easing.

The U.S. Federal Reserve should do all it can to reduce very high unemployment and bring inflation back up to more desirable levels, a top Fed official said on Monday.

U.S. and European regulators approved Google Inc's $12.5 billion purchase of Motorola Mobility Holdings Inc and said they would keep a sharp eye on the web search giant to ensure patents critical to the telecommunications industry would be licensed at fair prices.

Shares and the euro fell on Tuesday after Moody's warned it could downgrade top-rated sovereigns including Britain, reminding investors that Europe is still deeply mired in a debt crisis despite Athens' steps to avoid a disorderly default.

The spectacular image, which combines data captured by four telescopes, depicts the celestial event which Chinese astronomers witnessed in 185 AD. The mysterious phenomenon, termed as guest star, remained in the sky for eight months, they had noted.

Most computer users in Iran were blocked from accessing email, social networking and other services in recent days, U.S.-based Internet experts said on Monday, raising fears the government is extending the reach of its surveillance on ordinary citizens.

Grammy winner Adele, who swept the awards show with best album, record and song of the year, told reporters backstage that being forced to rest her voice after recent surgery was a welcome change.

President Obama will be back in Los Angeles for campaign events on Wednesday.

Drugs? Booze? Suicide? Drowning? Speculation on the cause of Whitney Houston's sudden death have run the gamut since the singer was found on Saturday. But don't jump to conclusions.

A bumper 40 million U.S. viewers watched Sunday's Grammy Awards, drawn in by the death of Whitney Houston and the performance comeback of Adele, and kept watching by a controversial religious stage act by rapper Nicki Minaj.

The Bank of Japan loosened monetary policy on Tuesday by topping up asset purchases in the face of mounting political pressure for bolder action to beat deflation and ease the pain on the economy from a strong yen.

Goldman Sachs Group said on Monday that George Mattson, a co-head of the firm's global industrials group, will retire after an 18-year career at the investment bank.

Goldman Sachs Group said on Monday that George Mattson, a co-head of the firm's global industrials group, will retire after an 18-year career at the investment bank.

Minaj made waves with a Catholic church-inspired performance of Roman's Holiday that was condemned by the Catholic League.