IBT Staff Reporter

More than 10 Italian banks are looking to apply for the European Central Bank's new three-year loans to banks on Wednesday by using state-guaranteed bonds as collateral, a source close the situation told Reuters on Tuesday.

Iran has moved most of its government websites from foreign-based hosting companies to new computer facilities inside the country, to protect them against cyber attacks, a senior official said on Tuesday.

A small private plane crashed on a busy New Jersey highway on Tuesday, killing five people including two managing directors with New York-based investment bank Greenhill & Co Inc.

The collapse of AT&T's deal to buy Deutsche Telekom's U.S. wireless unit may be welcome news for network equipment makers, as money earmarked for the merger will be freed up for investments.

Layar, one of the pioneers of mobile augmented reality, rolled out on Tuesday Stiktu, an application allowing smartphone users to combine their digital postings with real images and share them with each other.

Nike Inc's quarterly results beat Wall Street estimates, as its branded merchandise sold well across the world despite higher prices.

Greenhill & Co Inc said two managing directors were believed killed in a crash of a private plane on a busy New Jersey highway on Tuesday.

Two managing directors of Greenhill & Co Inc were believed to be among five people killed in a crash of a private plane on a busy New Jersey highway on Tuesday, the boutique investment bank said.

AT&T gives up on $39 billion bid for T-Mobile USA

Greenhill & Co Inc said two managing directors were believed killed in the crash of a private plane on a busy New Jersey highway on Tuesday. Press reports indicated the crash killed five people aboard the plane and left no survivors.

Stocks rallied nearly 3 percent on Tuesday as investors bought surging banks, homebuilders and networking companies, though low volume was seen as amplifying the market's move.

The Federal Reserve proposed new capital and liquidity rules for the largest U.S. banks that would roll out in two phases and not likely go further than international standards.

Talks over restructuring part of Greece's massive public debt ran into trouble on Tuesday as one fund walked away from negotiations, fuelling growing doubts about whether a deal that is crucial to a new bailout agreement can be reached this year.

Some versions of Nokia's Lumia 800, the first flagship smartphone from the Finnish company using Microsoft Corp's Windows Phone operating system, have a software glitch that drains the batteries.

Wall Street will be required to report complex swap trades in real time under a final rule the U.S. futures regulator approved on Tuesday, moving to lift the veil on the murky $700 trillion market, but the agency delayed a decision on block trades until next year.

Housing starts and building permits jumped to a 1-1/2 year high in November as demand for rental apartments rose, suggesting the housing market was entering a tentative recovery.

Honda Motor Co <7267.T> expects U.S. sales to jump by 23 percent in 2012 as dealer inventories return to normal levels and the Japanese automaker makes up for lost ground against rivals, executives said.

Greek finance minister Evangelos Venizelos was hopeful on Tuesday of at last reaching the deal with private sector bondholders that is key to a new bailout package for the country.

Deutsche Boerse and NYSE Euronext have offered to cap fees on trading in their European derivatives contracts for three years in a last-ditch effort to get their $9 billion merger cleared in the European Union.

Stocks surged more than 2 percent on Tuesday as positive economic data at home and abroad cheered investors after some recent declines, though low volume was seen as exaggerating the market impact.

The Federal Reserve proposed on Tuesday new capital and liquidity rules for the largest banks that would roll out in two phases and not likely go further than international standards.

As United Technologies Corp gets ready to close the biggest takeover in its history, Goodrich Corp , CEO Louis Chenevert is scouring the diversified manufacturer's portfolio for businesses to sell.

Research In Motion's sales in the United States fell for a fifth straight quarter in the third quarter even as the BlackBerry maker's overall revenue jumped by $1 billion from a year earlier, a regulatory filing released on Tuesday showed.

General Mills Inc posted disappointing quarterly earnings, hurt by weaker-than-expected margins, and its shares fell more than 2 percent, while rival ConAgra Foods Inc topped Wall Street's expectations, sending shares up 4 percent.

A former UBS trader accused of carrying out a $2.3 billion rogue trading fraud that rocked the Swiss bank was given more time on Tuesday to consider his plea after changing his legal team.

Navistar International Corp's Chief Executive Dan Ustian reiterated his interest in forging a collaboration with Oshkosh Corp following another wave of investor comments on the potential merger of the two rivals.

Stocks extended gains on Tuesday, with the Nasdaq rising 3 percent as investors latched onto signs of easing stress in Europe's bond markets as well as positive economic data at home and abroad.

Hedge fund manager David Einhorn is taking an even harder line against Green Mountain Coffee Roasters , his big short trade, claiming a recent audit committee review of the accounting issues he flagged is nothing more than a whitewash.

Stocks rebounded sharply on Tuesday as investors latched onto signs of easing stress in Europe's bond markets as well as some positive economic data at home and abroad.