IBT Staff Reporter

Three years after the collapse of Lehman Brothers touched off a tidal wave of bankruptcy filings, corporate failures may be about to pick up again, with some big-name companies among those struggling for survival.

Europe's banks will have to achieve a significantly stronger capital position under a quick-fire regulatory health check and may need to raise some 100 billion euros ($137 billion), banking and regulatory sources said on Tuesday.

Wall Street banks will have three months to convince regulators to weaken a proposed ban on their ability to trade for their own profit, after officials on Tuesday put the Volcker rule out for comment.

Wall Street stocks rose on Tuesday as traders took positions in beaten-down shares ahead of the start of the earnings season.

Three years after the collapse of Lehman Brothers touched off a tidal wave of bankruptcy filings, corporate failures may be about to pick up again, with some big-name companies among those struggling for survival.

Nail varnish has become the top-selling fashion accessory, replacing lipstick as an affordable indulgence in austere times and leading to a boom in sales as consumers flock to buy bright-colored bottles.

Greece should receive a vital lifeline next month in order to avoid bankruptcy, its international lenders said on Tuesday, buying time for a broader EU response to a debt crisis that Europe's top central banker labeled systemic.

Goldman Sachs Group Inc will likely record a loss in the third quarter, only the second quarterly loss in the Wall Street titan's history, hurt by weakness across trading and investment banking, equity market declines and wider credit spreads during the period, Citigroup said.

The loss of Alicia Sacramone to a torn Achilles tendon did not deter the United States women's gymnastics team, which won gold in the World Championships in Tokyo on Tuesday.

The popular digital music service Spotify made an operating loss of 26.5 million pounds ($41.5 million) in 2010, despite growing revenue more than five-fold due to increased advertising and attracting more subscribers in Europe.

Regulators on Tuesday released for public comment the Volcker rule proposal that will restrict Wall Street's ability to trade for its own profit, setting off what is expected to be a fierce lobbying campaign to weaken the crackdown.

Occupy Atlanta protesters are ignoring a police order to disperse, but no arrests had been made as of Tuesday morning.

Stocks were off on Tuesday, pulling back from sharp gains in the prior session as investors awaited the results of a key vote by Slovakia on expanding the euro zone rescue fund.

The legendary tech genius Steve Jobs passed away on Oct. 5, leaving a great void in the world. It is Jobs who changed the way we think of the digital world, who changed the concept of mobile phone and tablet, and who revolutionized the technology industry. Here's a quick look at the most popular quotes by Steve Jobs. Perhaps, people might get inspired by the quotes and understand why Jobs and his Apple succeeded so well.

Europe's banks will have to achieve a significantly stronger capital position under a quick-fire regulatory health check and may need to raise some 100 billion euros ($137 billion), banking and regulatory sources said on Tuesday.

It's a good story - so good, in fact, that it's survived hundreds of years, passed down from the lips of ancient mariners to be incorporated into impressive CGI jet propane-fuelled blockbusters. The legend of the kraken - the terrifyingly huge, violently belligerent giant squid capable of snapping ships in twain with a snap of its tentacles - has endured and tickles our imagination even today. But what evidence is there for the murderous cephalopod?

Google, NASA, and countless international space agencies just launched what they are calling the YouTube Space Lab. The idea is to hold a video contest allowing students to submit experiment ideas they will consider performing on the International Space Station (ISS).

Scientists suspect giant Kraken-like Monster inhabited prehistoric seas.

Stocks were poised for a lower open on Tuesday following sharp gains in the prior session as investors awaited the results of a key vote by Slovakia on expanding the euro zone rescue fund.

Samsung and Google delayed the release of their new products following the death of Steve Jobs out of respect for the legendary man that changed the landscape of the technology world forever.

There are two apples, which have changed the course of human history forever. One is the falling apple had helped Newton find universal gravitation, and the other is Apple, the company Steve Jobs founded.

President Barack Obama based his health care law directly on a similar law passed in Massachusetts when Mitt Romney was governor, an investigation has found.

The U.S. government has asked Google and Sonic to give up any WikiLeaks-related information and data, following with an order for them to turn over Appelbaum's e-mail contact list -- without a warrant.

New commercial asks players to construct digital palace for Comedienne Kristen Schaal

There is a bad news to those who have not preordered iPhone 4S: pre-orders for iPhone 4S have been sold out. The iPhone 4S is so popular that it was sold out in a single day at the online Apple store. The company started accepting online pre-orders on Oct. 7. Like the previous iPhone 4, the iPhone 4S also has black and white two color versions, each with 16 GB storage capacity for $199, 32 GB for $299?and 64 GB for $399.

A second day of outages plagues RIM. The initial server crash Monday morning at a data center just outside of London left millions of BlackBerry users across Europe, the Middle East, and Africa without BBM, Internet and email access. The outage occurred approximately 11:00 a.m. BST and still remaines unresolved nearly seven hours later.

Ever since T-Mobile submitted an amicus brief in the Samsung-Apple patent lawsuit saying that it had a boatload of new products to unveil for the holiday season, customers have been trying to get a peek into the trunk of Santa's sleigh. Last week, blog TMo News announced that it had obtained a leaked roadmap of the devices mobile phone carrier T-Mobile is planning to roll out over the next month.

Sony is negotiating for the movie rights to the Steve Jobs' biography, the only authorized biography on Jobs. If Sony succeeds, the movie would like to be released late next year or the year after next.

A Slovak ruling party said it would abstain on Tuesday from a vote on expanding the euro zone's EFSF rescue fund, forcing the government to turn to opposition parties to push through a deal agreed by the currency bloc to contain the Greek debt crisis.