IBT Staff Reporter

Fannie Mae, the biggest source of money for U.S. home loans, on Tuesday said it needed a further $7.8 billion in federal aid to stay afloat as a shaky housing market widened its third-quarter loss to $5.1 billion.

Activision Blizzard, the largest U.S. video publisher, posted better-than-expected revenue in the third quarter and raised its earnings outlook on strong demand for its holiday games.

State governments would be able to collect online sales taxes under a bill due to be introduced in the Senate on Wednesday, said sources familiar with the bill.

A joint venture of Hitachi Ltd and LG Electronics pleaded guilty to 15 criminal counts in connection with a long running probe of price fixing in the sale of optical disk drives.

The reality TV stars Jim Bob, 46, and Michelle Duggar, 45, are expecting their 20th child in April, 2012, the couple revealed on Today Tuesday morning.

Activision Blizzard, the largest U.S. video publisher, raised its earnings outlook due to strong demand for its top shooter game, Call of Duty: Modern Warfare 3, which hit stores Tuesday.

The amount of public Internet hotspots (Wi-Fi) globally will grow more than fourfold to 5.8 million by 2015, boosted by consumers increasing demand for connections on smartphones and tablets, an industry study showed on Wednesday.

The robbers struck two shipments of the game, making off with almost 10,000 copies of the latest “Call of Duty.”

Hedge fund managers Paul Singer, Robert Zoellner, Kyle Bass and Israel Englander are among the handful of people millionaires trust with their riches.

Ultimate Marvel vs. Capcom 3 adds 12 new characters to the game, joining the 36 fighters available for MvC3. That brings the total roster up to 48 characters, with two more available as downloadable content.

The hunt for the missing $600 million in customer money at MF Global Holdings Ltd may begin with Harris Bank, a Chicago-based lender that often holds client money for many large futures brokerage firms.

Greenlight Capital Inc, the hedge fund run by high-profile investor David Einhorn, said Sprint Nextel management is on the verge of losing the confidence of financial markets, in a letter to investors.

The hunt for the missing $600 million in customer money at MF Global Holdings Ltd may begin with Harris Bank, a Chicago-based lender that often holds client money for many large futures brokerage firms.

Two Federal Reserve policymakers known for their hawkish views on inflation pushed on Tuesday for the central bank to provide more guidance on policy goals.

Time Warner Cable is considering bidding for the television rights to cover the Los Angeles Dodgers.

In the nine days since Politico reported on sexual harassment allegations against Herman Cain, the story has exploded beyond all expectations. Here is a recap of Cain's wild week.

Cisco Systems Inc has won cautious endorsement for its months-long overhaul but now must convince Wall Street its troubles are a thing of the past and it can return to steady growth.

At his Phoenix press conference Tuesday, an increasingly embattled 2012 Republican presidential nomination candidate Herman Cain categorically denied all accusations of sexual harassment against him, even as a fifth woman detailed another alleged incident of inappropriate behavior by him.

Japan's Olympus admitted on Tuesday it hid losses on securities investments dating back two decades, bowing to weeks of pressure to explain a series of baffling transactions that have put the future of the firm in doubt.

Hedge fund manager David Einhorn exited Pfizer , his largest holding, and made new bets on CBS Corp ., General Motors Co and Marvell Technology Group during the third quarter.

The former chief executive of Japan's embattled Olympus said on Tuesday the company's partners should come under close scrutiny after the camera and endoscope maker admitted it hid securities investment losses for two decades.

Stocks closed higher on Tuesday for a second day in a row as late-day news about Europe sparked an afternoon rally that erased early weakness.

The company that makes the BlackBerry has a short window to revive its sagging share price and shake up its business, or risk the escalation of a dissent movement that claims support from holders of 8 percent of its stock.

Mark Zuckerberg returned to Harvard officially for the first time Monday, winning a warm welcome from the university where he created Facebook and embarked on a well-chronicled meteoric ascent.

Facebook has picked up a team of mobile technology developers from a small San Francisco startup company, bolstering the social networking giant's efforts to expand its offerings on smartphones and tablet PCs.

Sidney Crosby, who has missed the past 10 months with a concussion, may return to the Penguins lineup this Friday versus the Dallas Stars.

Tuesday's elections will decide the positions of the city's next mayor, district attorney and sheriff and give citizens the opportunity to vote on several ballot initiatives. Polls opened at 7 A.M. and will close at 8 P.M. this evening; voters can look up their polling places here.

Kim Kardashian, who was spotted boarding the flight at the Minneapolis-St. Paul International Airport on the weekend, has reportedly left for Minnesota to visit her estranged husband Kris Humphries.

Asteroid 2005 YU55 is scheduled to make its closest approach to Earth today at 3:28 p.m. PST (6:28 p.m. EST/1128 UTC).