IBT Staff Reporter

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Amazon may sell 3-5 million tablets in Q4: Forrester

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.

CCB shares up after BofA cuts stake

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.

Federer Closes First Day at Open with Quick Win

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.

Sharapova Weathers Storm at Sunny Open

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 profit rises

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.

Fed's Evans favors strong policy accommodation

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.

Most American Muslims are Satisfied Obama Backers

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.

Futures Off After Rally

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.

Banks criticized over level of Greek writedowns: report

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.

S&P trims euro zone growth outlook

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 climate worsens

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.

Starbucks branded K-Cups to be sold from November

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.

Lady Gaga Shocks Fans Dressed up as a Dude at MTV VMAs (Photos)

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 Elec to Cut TV LCD Output Sharply: Report

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.

China state media urge crackdown on microblog rumors

China's state-run news agency demanded on Tuesday that Internet companies, regulators and police do more to cleanse websites of toxic rumors, adding to signs that the ruling Communist Party wants to tame the explosion of freewheeling microblogs.

China State Media Urge Crackdown on Microblog 'Rumors'

China's state-run news agency demanded on Tuesday that Internet companies, regulators and police do more to cleanse websites of toxic rumors, adding to signs that the ruling Communist Party wants to tame the explosion of freewheeling microblogs.

Asian stocks rise on U.S. data

Asian stocks rose on Tuesday and European shares looked set to extend gains as strong U.S. consumer spending data soothed some fears that the economy was slipping back into a recession.

Stock index futures signal lower open

Stock index futures pointed to a weaker open for equities on Wall Street on Tuesday after steep gains in the previous session, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 down 0.2 to 0.3 percent.

A Chocolate a Day May Keep Heart Disease at Bay: Study

Regular consumption of chocolate may slash the risk of developing heart disease by a third, according to a research published in the British Medical Journal and presented at the European Society of Cardiology's conference in Paris Monday.

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