IBT Staff Reporter

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Apple iPhone 4S with iOS 5 Released: Just the Facts

Straight from the live blogs of Apple's Cupertino Let's talk iPhone event, Apple has some exciting announcements. The technology giant has taken the wraps off iPhone 4S, which will come pre-installed with the new mobile operating system iOS 5.

Ford, UAW agree on new labor contract

Ford Motor Co and the United Auto Workers union said on Tuesday they had reached a tentative four-year contract that would allow the automaker to invest almost $5 billion in U.S. plants and create an additional 5,750 jobs.

Lawmaker says China engages in cyber spying

The chairman of the House of Representatives intelligence committee on Tuesday accused China of widespread cyber economic espionage and said many U.S. firms were afraid to come forward for fear their computers would be the targets of even more attacks.

Deutsche Boerse CEO: exchanges must go global

The head of Deutsche Boerse AG , which is working on sealing its $9 billion takeover of NYSE Euronext , said exchange operators must go global to survive and cannot focus only on local markets.

Young blast gives Tigers edge over Yankees

Delmon Young hit the winning home run and the Detroit Tigers survived a ninth-inning scare to hold off the New York Yankees 5-4 at Comerica Park on Monday and take control of their best-of-five divisional playoff series.

Online operators ask EU to probe Greek gaming law

The world's largest online gambling operators asked the European Union on Tuesday to investigate a new Greek gaming law, saying it violates the bloc's free market rules to the benefit of the country's sports betting monopoly OPAP.

Factory orders send mixed signals on outlook

New orders for manufactured goods fell in August but capital investment by businesses rose, providing a mixed view for how much support the factory sector will provide to the economic recovery.

Instant view: S&P 500 enters bear market territory

The S&P 500 entered bear market territory after the open on Tuesday, down over 20 percent from its 2011 high, as European officials considered making banks take bigger losses on Greek debt and fears of contagion in the world's financial system grew.

Starbucks profit-sharing to boost U.S. non-profits

Starbucks Corp (SBUX.O) will share profits from two of its U.S. coffee shops with non-profit groups in New York City and Los Angeles to help offset expected government funding cuts to programs for children and education.

Sprint shares tumble on iPhone cost fears

Sprint Nextel shares fell as much as 17 percent on Tuesday as investors worried about the cost of selling the Apple Inc iPhone on top of its plans to upgrade its network and its debt obligations.

Greek government urges unity, protesters defiant

Angry protesters blockaded Greek ministries on Tuesday despite appeals from the finance minister for the public to rally around the tough measures the Athens government needs to achieve fiscal targets and avert default on its colossal debt.

X Factor moves into demanding boot camp stage

Almost 200 acts survived their first encounters with Simon Cowell on The X Factor, but this week's boot camp episodes of the TV singing contest will sort out the weak from the strong.

Buffett sees record profits at Berkshire units

Some of Berkshire Hathaway Inc's largest units will post record profits this year, but the conglomerate's housing-related businesses are doing as poorly as they ever have, Chief Executive Warren Buffett said on Tuesday.

Wall St cuts losses on Bernanke, Nasdaq up

The Nasdaq jumped 1 percent on Tuesday, reversing an earlier steep drop as tech shares rose and the overall stock market trimmed losses on comments from Federal Reserve Chairman Ben Bernanke that he was ready to take more steps to help the fragile recovery.

No iPhone 5 Release in 2011? Apple Event may Disappoint

Rumors around the iPhone 5 have been overheated as Apple's Let's talk iPhone event kicked off at 1 p.m. (EDT) on Tuesday. All eyes are on whether Tim Cook will unveil the next-generation iPhone 5 and when its much-speculated release date is.

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