IBT Staff Reporter

Luxury home builder Toll Brothers Inc posted a better-than-expected quarterly profit on higher margins, and indicated a possible uptick in home deliveries and pricing in 2012 based on an increase in backlog and community count.

The fragile economic recovery could be negatively affected by high oil prices, especially in the United States, BP's chief executive said on Tuesday.

The Swiss town of Rueschlikon that is home to Glencore boss Ivan Glasenberg has cut taxes after a huge windfall following the commodity company's flotation this year.

Past and present MF Global employees sued ex-CEO Jon Corzine and other executives over alleged misrepresentations they say destroyed the value of the company's stock.

BP Plc accused Halliburton Co of destroying evidence that the oilfield services company did inadequate cement work on the Gulf of Mexico oil well that blew out last year, and asked a federal judge to punish Halliburton.

Stock index futures rose on Tuesday as investors hoped S&P's downgrade warning on the euro zone's credit ratings will help force through budget changes at a European Union summit this week.

Chelsea host Valencia in their final group game in the Uefa Champions League in a do-or-die encounter as they look to proceed to the knockouts.

BlackBerry-maker Research In Motion on Tuesday named Sunil Dutt as its new managing director for India, one of its key growth markets, a month after its former top executive in the country left the company.

An independent panel issued a damning report on a $1.7 billion accounting scandal at Japan's disgraced Olympus Corp on Tuesday, urging legal action against the executives responsible for the cover-up and the replacement of other board members who knew.

European stocks and the euro slid and most bond yields rose after the threat from rating agency Standard & Poor's to downgrade euro zone countries en masse if no credible plan to solve the debt crisis emerges at a summit later this week.

Royal Dutch Shell Plc has found shale gas in China, a development that could cap imports in a market natural gas producers are hoping will drive demand.

European stocks and the euro slid and most bond yields rose after the threat from rating agency Standard & Poor's to downgrade Eurozone countries en masse if no credible plan to solve the debt crisis emerges at a summit later this week.

India has asked operators of social media networks, including Facebook and Google, to screen user content and remove any offensive material, the information and telecoms minister said on Tuesday, but denied the move was censorship.

Popular Apple iPad news application, Flipboard, said on Tuesday it has partnered with China's Sina Corp and Renren Inc to launch a Chinese edition of the application to woo users in the world's largest Internet market.

Social networking website Facebook said on Tuesday it recognizes Indian government's interest in minimizing the amount of abusive content online, and it will remove any content violating its terms.

Samsung Electronics said on Tuesday it plans to build a flash memory chip plant in China, seen costing some $4 billion, as a boom in smartphones and tablet computers is set to fuel the $22 billion chip industry's growth next year.

Standard & Poor's has warned it may carry out an unprecedented mass downgrade of euro zone countries, including Germany and France, if EU leaders fail to deliver a convincing agreement on how to solve the region's debt crisis in a summit on Friday.

Samsung Electronics, the world's top memory chip maker, said on Tuesday it had decided to build a plant in China to start production of flash memory chips from 2013 as it seeks to ride a boom in smartphones and tablet computers.

European stocks, bond futures, and the euro were sent reeling on Tuesday by the shock warning from Standard & Poor's that it might downgrade euro zone countries en masse if no credible plan to solve the debt crisis emerges at a summit later this week.

Alpha Natural Resources has agreed to pay $200 million to resolve a range of civil and criminal penalties linked to the Upper Big Branch accident as well as other liabilities it inherited when it bought Massey Energy in June, the Wall Street Journal said, citing several people familiar with the settlement.

A court error on Friday offered a brief glimpse at information that Apple Inc and Samsung Electronics have tried to shield from the public during their high-stakes patent litigation.

A court error on Friday offered a brief glimpse at information that Apple Inc and Samsung Electronics have tried to shield from the public during their high-stakes patent litigation.

Federal regulators are expected to issue the largest fine ever to a U.S. mining company in connection with the Massey Energy accident last year that killed 29 coal miners in West Virginia, the Wall Street Journal said, citing two people briefed on the matter.

An investigative panel on Tuesday found no link between organized crime and Japan's disgraced Olympus Corp, an outcome that may help it survive a $1.7 billion accounting scandal that ranks as one of the nation's worst.

On a single, dimly-lit floor in the towering central Seoul headquarters of Korea's National Police Agency, dozens of hard drives and mobile phones sit on shelves awaiting dissection.

Shares in Japan's disgraced Olympus Corp surged on Tuesday as investors bet that a probe into its scandal-ridden accounts would not turn up any nasty new surprises which could lead to the stock being delisted.

SAP AG's purchase of Web-based software company SuccessFactors Inc could be the catalyst the old-school German technology giant needs to try to catch up to rivals in the fast-growing cloud computing market.

Shares of Olympus Corp soared as much as 15 percent on Tuesday ahead of the company's release of the findings of an investigation into an accounting scandal.

Leap Wireless International Inc on Monday swapped wireless airwaves with Verizon Wireless in a series of deals aimed at beefing up its presence in the Chicago area.