IBT Staff Reporter

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Global Stocks at 2-Week High on Upbeat U.S. Signals

Global stocks rose to their highest levels in nearly two weeks Tuesday, while safe haven assets like the Swiss franc and German Bunds were subdued, encouraged by signs that the U.S. economy may avoid recession.

Amazon's Tablet Could Snatch iPads Glory; Shipping 5 Million Units?

Apple’s iPad currently stands undefeated in the tablet market with HP giving up its TouchPad, Samsung’s Galaxy Tab 10.1 stuck in a patent issue, Motorola Xoom and RIM Playbook crawling to catch up. Can the e-commerce giant Amazon pose a threat to iPad by launching its own tablet at a lower price?

SAG and AFTRA talks continued despite Hurricane Irene

Lest anyone believe that SAG and AFTRA have lost interest in their latest merger go-around, the two labor groups put out an announcement Monday, touting the fact that their respective merger task forces had gotten together over the weekend for a videoconference bi-coastal chit-chat, despite severe storm conditions in New York.

Fox News off the hook in discrimination suit

Fox News scored a legal victory Monday, with U.S. District Court judge deciding in the network's favor in a suit filed by the Equal Employment Opportunity Commission on behalf of Fox reporter Catherine Herridge.

Nancy Grace, Chaz Bono among Dancing cast

Legal commentator Nancy Grace, Cher's daughter Chaz Bono and basketball player Ron Artest are among the celebrities taking part in the new season of Dancing with the Stars, the network behind the show said on Monday.

Australia regulator may delay Telstra separation plan

Australia's competition regulator voiced objections on Tuesday to the terms of the proposed split of dominant phone company Telstra Corp, threatening to delay an historic reform designed to wire up the entire nation to high-speed broadband.

Australia regulator threatens Telstra separation plan

Australia's competition regulator voiced objections on Tuesday to the proposed split of dominant phone company Telstra Corp, threatening to delay an historic reform designed to wire up the entire nation to high-speed broadband.

Judge Bars Testimony from Longtime Jackson Doctor

Michael Jackson's dermatologist will not testify in the trial of Dr. Conrad Murray, a judge ruled on Monday, in a blow to defense plans to portray the singer as a drug addict who may have given himself the substance that caused his death.

Gold Inches Up After 2-pct Fall; Equities Limit Gains

Gold regained strength on Tuesday as bargain hunting resurfaced after prices dropped more than 2 percent in the previous session, but higher equities and easing worries about recession in the United States could limit gains.

June Qtr Growth Seen Slowing to 7.6 pct y/y

India's economy probably grew an annual 7.6 percent in the quarter through June, slowing from the previous quarter's 7.8 percent growth, the median forecast from a poll of 28 economists showed

FDIC objects to Bank of America $8.5 billion mortgage accord

The FDIC and more than three dozen other investors on Monday lodged objections to Bank of America Corp's $8.5 billion settlement of claims over losses on mortgage-backed securities, joining a growing list of investors and regulators that are challenging the accord.

L.A. Gasoline Slides - US West Coast Products

Los Angeles wholesale gasoline differentials fell 15 cents per gallon Monday on news that production at Exxon Mobil's (XOM.N) 149,500 barrel per day (bpd) Los Angeles-area refinery in Torrance, California, was unaffected by a malfunction on Thursday night, traders said.

Jake Owen's Blue Jean Night is ordinary

If you were to scientifically engineer a modern male country star, you might come up with Jake Owen. He's got the stubble-laden dimples, the easy grin, the longish, slightly tousled hair, the pleasant, Southern-accented baritone, and the obligatory one-syllable first name and two-syllable last name.

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