IBT Staff Reporter

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Wall Street higher on big-cap techs

Stocks rose on Tuesday led by big-cap technology shares, but continued uncertainty over how European leaders would alleviate Greece's simmering debt crisis capped gains.

Former MI5 Chief Justifies Dialogue with Gadhafi

Terming the dialogue initiated by the British government with Colonel Gaddafi in 2003 as right decision, the former MI5 chief Lady Eliza Manningham-Buller today acknowledged that though it was difficult, but the decision to engage in dialogue with Gaddafi in 2003 was right.

Best Buy misses estimates; shares fall

Best Buy Co Inc's reported lower-than-expected quarterly results as shoppers held off on buying televisions and other nonessential items in the anemic U.S. economy, and its shares fell nearly 8 percent.

Italy under pressure as debt worries grow

Italy had to pay record interest to sell its bonds on Tuesday as it raced to calm market fears that it was losing control of a huge public debt and could trigger a crisis that threatened the euro zone.

HP extends $11.2 billion Autonomy offer

Hewlett-Packard has extended the deadline for its $11.2 billion takeover of British software company Autonomy, with analysts predicting the U.S. firm is on course to succeed.

Italy confirms China meeting as debt pressure mounts

Italian Economy Minister Giulio Tremonti met Chinese officials last week, a Treasury spokesman said on Tuesday after the Financial Times reported that Rome had asked China to buy significant quantities of its debt.

Nintendo faces end of era after 3DS flop

Nintendo's attempt to rescue its failed 3DS handheld games gadget failed to dispel market gloom, triggering a 5 percent share slide and stoking deep worries for an iconic brand desperate to win back users.

Merkel warns against Greek default, euro exit

German Chancellor Angela Merkel said on Tuesday that Europe was doing everything in its power to prevent Greece from defaulting on its debt and cautioned that an exit from the euro zone would unleash domino effects and should be avoided at all costs.

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