IBT Staff Reporter

The government pressed ahead on Tuesday with plans to scrap a registry of shotguns and rifles, brushing off police complaints the move will make their life tougher.

Morgan Stanley Smith Barney is revamping its financial adviser pay structure to help raise its profit margin to 20 percent by encouraging brokers to bring in new business and sell more loans, industry sources said.

The union that represents Air Canada's check-in and call-center staff is considering job action after the airline appealed an arbitrator's ruling on pensions for new hires.

The Canadian government cut its estimate of 2011 real economic growth on Tuesday to 2.2 percent from 2.9 percent, based on private-sector forecasts, but said the economic future was not doom and gloom.

Two high school students were in custody on Tuesday as suspects in the previous day's shooting of a 15-year-old classmate at Cape Fear High School in North Carolina.

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Guns and bloodshed may be the perfect gifts to ensure a merry Christmas for Target Corp.

The FBI may change its definition of rape for the first time since 1929, updating a definition that critics say is so archaic it would be laughable -- if it didn't actively suppress the number of rapes reported.

Target Corp's TGT.N> website crashed for the second time in six weeks on Tuesday, interrupting online shopping for the discount chain.

A senior Japanese lawmaker demanded a probe of outlandish advisory payments at Olympus and its ousted chief executive said he was in contact with the U.S. Federal Bureau of Investigation , piling pressure on the embattled company.

Advancing floodwater shuts down domestic airports, Don Muang, as the city prepares for surges of water expected later this week.

UBS Wealth Management Americas said on Tuesday third-quarter earnings rose slightly in U.S. dollars, as the smallest of the four major Wall Street brokerages bested rivals on several fronts during the toughest markets since the financial crisis.

Management at Anglo-Russian oil firm TNK-BP Ltd has asked its board of directors for permission to sue shareholder BP for billions of dollars in damages over BP's failed alliance with state-controlled rival Rosneft, sources said on Tuesday.

Ford Motor Co tumbled 10 spots in a widely watched reliability study due to problems with the new touch-screen entertainment system in some of its models and transmission issues in two of its most popular cars.

The $46 billion Massachusetts pension fund said it might drop Bank of New York Mellon Corp as its partner for foreign exchange trading, after accusing the company of overcharging the fund on trades.

Tony Fadell, the inventor that pitched his idea of the iPod to Steve Jobs, recently left Apple to focus on green technologies. Fadell has been working on a home thermostat called Nest Labs.

Don Truslow heads a trade group for chief risk officers, but he used to oversee risk taking at Wachovia, a bank that nearly collapsed under the weight of its bad assets in 2008.

Novartis's recently acquired eyecare business Alcon is facing a U.S. government investigation into alleged healthcare fraud, the Swiss drugmaker said on Tuesday.

Anti-tax advocate Grover Norquist praised Texas Gov. Rick Perry's proposed 20 percent flat tax, boosting a campaign that has crashed in the past month.

Rick Perry's flat tax proposal is part of a long history of alternative tax structures proposed by American politicians

U.S. defense contractor Lockheed Martin said on Tuesday it had won a 642 million pound ($1 billion) contract to upgrade Britain's fleet of Warrior armored vehicles, supporting around 600 British jobs.

U.S. shoppers who bought jeans, T-shirts and socks lately have had to shell out more cash. They'd better get used to it.

In the largest penalty of its type, UBS AG was fined $12 million by a U.S. brokerage regulator over the Swiss bank's systemic failure to properly handle millions of short-sale orders.

Chancellor Angela Merkel appealed to German lawmakers from all parties on Tuesday to back plans to boost the firepower of the euro zone rescue fund in a vote set to take place hours before Wednesday's crunch EU summit.

In a sold-out theater in downtown Manhattan, two miles from the square where anti-Wall Street demonstrators daily use iPhones, iPads and other devices to mobilize their forces, a performance artist named Mike Daisey is mounting a subversive attack on Apple Inc.

Sprint Nextel lost a bid on Monday to get access to masses of AT&T documents that it had hoped to use in its lawsuit aimed at stopping AT&T's $39 billion acquisition of discount rival T-Mobile.

Stocks fell on Tuesday after discouraging corporate outlooks cast a pall over the economy's outlook, while fresh doubts arose about European efforts to find a solution to the debt crisis.

Consumer confidence unexpectedly dropped to its lowest level in two-and-a-half years in October, while house prices were unchanged at low levels in August, suggesting the consumer is still struggling.

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