IBT Staff Reporter

A gunman shot at least seven people outside an IHOP restaurant in Carson City, Nev., on Tuesday morning. Nevada has the fifth most gun deaths per capita in the U.S.

JPMorgan Chase & Co, the second largest U.S. bank by assets, led a broader decline in bank share prices, as investors feared lenders face a growing list of lawsuits due to problem mortgages.

According to a report, GameStop will be supplying its stores with iOS devices in the near future.

Wall Street stocks tumbled for a third session on Tuesday on rising concerns about the euro zone's debt crisis and the outlook for the global economy.

Traditionally recession-proof, U.S. industrial distributors such as WW Grainger Inc and Fastenal Co are looking to make deals and expand their product range to take advantage of the market slowdown.

Six astronauts aboard the International Space Station (ISS) that was scheduled to launch in late September will continue to be delayed after a failed launch in Russia ended in a crash.

The pursuit of austerity measures and deficit cuts is pushing the world economy toward disaster in a misguided attempt to please global financial markets, the annual report of the United Nations economic thinktank UNCTAD said on Tuesday.

Shaw Group said it will sell its 20 percent stake in nuclear power plant company Westinghouse Electric Co to Japan's Toshiba Corp to eliminate nearly $1.7 billion of debt and strengthen its balance sheet.

Tony Hayward, who stepped down as BP boss in the wake of the Gulf of Mexico oil spill, will imminently seal his return to the oil industry, by buying into Turkey's Genel Enerji, in a deal valuing the target at around $4 billion, a source close to the matter said on Tuesday.

Sony hires a new security chief in the wake of the PSN hacking scandal.

Wall Street stocks tumbled on Tuesday on rising concerns the euro zone's debt crisis could hurt the global economy.

The pace of expansion in the services sector unexpectedly accelerated in August, snapping a three-month streak of slower growth, according to an industry report released on Tuesday.

Regulator Ofcom said the auction of Britain's next-generation 4G mobile phone spectrum could be pushed back at least three months to the second quarter of 2012, as it grapples with complex technical and legal issues.

A shareholder in Research In Motion said on Tuesday it wants the BlackBerry maker to consider selling itself or spinning off its patent portfolio.

Los Angeles' porn production will resume after a false positive result on an HIV test of an actor last week brought the adult film-making to a screeching halt.

The Swiss National Bank shocked markets on Tuesday by setting an exchange rate cap on the soaring franc to stave off a recession, discouraging investors anxious about flagging global growth from using the currency as a safe haven.

An Alaska Airlines passenger bit a crew member at the taxiing gate of Seattle-Tacoma International Airport.

Amazon.com Inc is stepping up social media efforts after the largest Internet retailer partially missed one of the hottest technology trends of recent years.

A tick-borne infection known as Babesiosis, which can cause severe disease and even death, is becoming a growing threat to the U.S. blood supply, according to a 31-year-old study led by government researchers.

A hacking scandal in the Netherlands has escalated, with Dutch government officials investigating whether a hacker who stole online security certificates also stole any sensitive information on Dutch citizens.

Investors who followed Warren Buffett's lead on Bank of America Corp are back to where they started.

The New York Stock Exchange and NYSE Amex Cash Markets invoked a rule to smooth trading at the market open on Tuesday as futures pointed to a sharp drop in the major indexes.

Caroline Wozniacki won a late-night thriller against former champion Svetlana Kuznetsova at the U.S. Open on Monday to stay on course for a heavyweight showdown with Serena Williams.

International Paper, the world's largest producer of paper and pulp, has agreed to buy shipping-box company Temple-Inland for $3.7 billion.

Many jittery hedge funds are clinging to core stock holdings in the hope that a rebound in equity markets in the final four months of the year will save the $2 trillion industry from its second calendar year of losses in just four years.

As New York City draws closer to the 10th Anniversary of 9/11, art and photo exhibitions around the city have begun to open doors to the public.

Europe's banks are facing more government-prescribed mergers and further measures to strengthen capital, as the region's inability to end its debt crisis makes investors wary of shoveling more money into lenders.

Major stock indexes fell more than 2 percent on Tuesday on fears the euro zone's sovereign debt crisis was worsening and the U.S. economy was sliding back into recession.

The Canadian dollar hit its weakest level against the U.S. dollar in nearly four weeks on Tuesday as investors worried that the euro zone's debt crisis was worsening and that the U.S. economy was slipping back into recession.