IBT Staff Reporter

Chicago Federal Reserve Bank President Charles Evans said on Tuesday he favored strong central bank accommodation for a substantial period of time, as the U.S. economy looks to be moving sideways.

Here's a bold prediction to feed Western worries that power is shifting inexorably to the East: China's yuan could overtake the U.S. dollar as the world's principal reserve currency as soon as next decade.

A former National Basketball Association athlete who once played for the Los Angeles Lakers and the Washington Wizards was arrested following accusations he killed a woman in Georgia, the FBI said.

HP commits itself to Touchpad support even after killing the device.

Amazon.com Inc may sell as many as 5 million tablet computers in the fourth quarter, making the largest Internet retailer the top competitor to Apple Inc in this fast-growing niche of the consumer PC market, Forrester Research said on Monday.

Lady Gaga’s male alter ego, Beyonce’s baby bump and Adele chilling performance had turned all head at the MTV’s video Music Awards on Sunday night.

Hong Kong-listed shares of China Construction Bank Corp rose more than 4 percent on Tuesday after Bank of America Corp said it will sell about half of its 10 percent stake in the Chinese lender, providing relief to investors by removing uncertainty surrounding the stake.

Roger Federer showed that time was still on his side as the Swiss master rang the closing bell on Monday's opening day at the U.S. Open tennis championship with a quick victory at Arthur Ashe Stadium.

Long Beach, NY is getting ready to host the Quiksilver Pro New York Surf Competition, the world's first $1 million professional surfing event.

Maria Sharapova survived an early scare at the U.S. Open Monday after Wimbledon champion Petra Kvitova had been knocked out of the year's final grand slam, which began on time and in perfect conditions after a week of wild weather in New York.

Dollar General Corp posted bigger-than-expected gains in quarterly sales and profit and raised the low end of its full-year forecast on Tuesday, as shoppers visited its discount stores more often to buy food and other basic items.

Dancing With The Stars announced their new line up of celebrity participants. The cast includes athletes like NBA star Ron Artest, actors including David Arquette, and...former lawyer and television journalist, Nancy Grace. Beyond the cluster of reality stars and talk show hosts, ABC has a new variety of contestants with Chaz Bono joining the gang.

Chicago Federal Reserve Bank President Charles Evans said on Tuesday he favored strong central bank accommodation for a substantial period of time, as the U.S. economy looks to be moving sideways.

Barnes & Noble Inc reported had a narrower quarterly loss as sales of the largest bookstore chain's Nook e-reader helped mitigate declining book sales.

A majority of U.S. Muslims are content with the nation's direction in contrast to many Americans and few Muslims believe there is support for Islamic extremism here, a survey released on Tuesday found.

Arsenal are finally making progress in the transfer market, albeit with a day left, as they attempt to strengthen a squad ruthlessly exposed by defending champions Manchester United.

Stock index futures fell on Tuesday after equities rose nearly 8 percent in the past five sessions as investors cautiously awaited a batch of data for a better assessment on the state of the economy.

Bill Gross, the manager of the world's largest bond fund, feels like crying in his beer for having bet so heavily against U.S. government-related debt earlier this year, the Financial Times reported on Monday.

Google’s Android operating system has taken to HP TouchPad as a developer demonstrates an alpha version of the OS booting up on the device, in a Youtube video.

Some European financial institutions should have taken bigger losses on their Greek government bond holdings in recent results announcements, the International Accounting Standards Board said in a letter to the EU market regulator, according to the Financial Times.

Ratings agency Standard and Poor's lowered its economic growth forecasts for the euro zone on Tuesday, but said the shared currency bloc was not headed toward a new recession.

Euro zone economic sentiment fell more than expected in August, underlining prospects for slower economic growth and expectations that the European Central Bank may cut inflation forecasts and cease raising interest rates.

Lenders are making more subprime auto loans again, reversing the cautious approach they adopted after the credit crisis, an industry research firm said on Tuesday.

Global shares edged up to their highest in nearly two weeks on Tuesday, but the rally looked to be running out of steam on the back of concerns over Europe's debt troubles and U.S. growth.

Starbucks Corp said coffee packets under its brand for Green Mountain Coffee Roasters Inc's single-serve Keurig coffee machines will be sold in U.S. grocery and specialty retail stores from November, in time for the key holiday season.

Bank of America Corp is selling about half its stake in China Construction Bank for $8.3 billion, in its latest effort to shed assets and boost capital.

Hewlett-Packard Co's personal computer business will retain its position as the world's largest PC manufacturer even after any spinoff, the head of HP's PC business said on Tuesday.

Lady Gaga always amuses her fans with her out-of-the-box outfit ideas. At Sunday’s VMA, Gaga shocked her fans when she came on the show dressed in a white t-shirt, black blazer and slacks smoking a cigarette, and gave an emotional opening speech of four minutes.

Samsung Electronics Co plans to reduce its monthly television panel output by fourth-fifths by the end of this year and convert some of the lines to produce displays used in tablets and notebook, a media report said on Tuesday.