IBT Staff Reporter

Billionaire Carlos Slim Helu has increased his stakes in newspaper company New York Times Co and luxury retailer Saks Inc.

Less than a year since it went public, NetSpend Holdings Inc's depressed stock price and cut-throat competition in the pre-paid debit card market make it a potential takeout target.

Jack Layton, the charismatic leader of the New Democratic Party, died on Monday just months after guiding his party to its strongest ever performance in the May federal election.

Bank of America Corp shares fell as much as 6 percent on Tuesday morning amid fears the bank would have to raise more capital.

LED supplier Universal Display Corp said it will license certain technologies and sell materials to a unit of Samsung, to enable the Korean electronics company to develop next generation flat-panel displays.

New U.S. single-family home sales fell more than expected in July to hit a five month low.

Canadian retail sales rose a seemingly healthy 0.7 percent in June from May, but the figure prompted little enthusiasm from analysts who noted a one-off jump in auto sales had fueled most of the gain.

The price could be cut on the iPhone 4 soon, which may indicate the iPhone 5 is on its way.

Jon Huntsman said Monday that he would be willing to run for vice president as Michele Bachmann's running mate if he doesn't win the Republican presidential nomination. But would a Bachmann-Huntsman ticket be viable?

Medtronic Inc posted quarterly earnings in line with analyst targets, as sales of its diabetes products, heart stents and other devices countered challenges for its important implantable heart and spine products.

U.S. computer security software maker McAfee said the number of malware targeted at Android devices jumped 76 percent since last quarter, making Android the most attacked mobile operating system.

Germany's top court will give its verdict early next month on whether the government broke the law with last year's bailouts of debt-stricken euro zone countries -- a ruling which could limit Berlin's room to manage the region's debt crisis.

Motorsports a valuable laboratory for the Chevrolet Cruze nameplate..

Hollywood power couple and actors, Will Smith and Jada Pinkett Smith are said to have split earlier this week. The pair, who have been married for 13 years, have reportedly decided to call it quits, according to In Touch Weekly magazine.

Sales of new U.S. homes in July fell to its lowest level in five months, indicating that the housing sector is still on rocky footing after the housing bubble burst several years ago.

A list of inexpensive Android tablets available on Best Buy.

Hopefully, Kris Humphries can take the same road when it comes to Kim's celebrity status. The pair have reportedly gone off to Europe for a mini-Honeymoon before heading out to NYC for their lives as Mr. and Mrs. Humphries. Many are excited for Kim's move as they know it will really give the couple a chance to get settled in this new stage and figure each other out and spouses.

Stocks gained 1 percent on Tuesday as stronger-than-expected data from overseas sparked buying before a keenly awaited speech by Federal Reserve Chairman Ben Bernanke this week.

As the rumors around the iPhone 5 release date heat up, the market for Apple's next-generation smartphone could be well overheated.

Factory output in the U.S. central Atlantic region contracted again this month and new home sales fell to a five-month low in July, adding to signs of a weak second-half economic expansion at best.

Societe Generale boss Frederic Oudea is having to work harder to keep his promise of a new dawn after the bank's devastating trading scandal in 2008.

When Muammar Gaddafi's government shut off the cellphone network in Misrata in the early days of Libya's uprising, it wanted to stop rebel forces communicating with each other. But the power of a modern phone goes beyond its network.

A minister in Angela Merkel's conservative party propelled Germany into a debate about guarantees on bailout payments to Greece, backing a demand from Finland for collateral, but Berlin distanced itself from her comments.

When your ride is making odd sounds, it’s telling you that something might be wrong.

New single-family home sales fell more than expected in July to hit a five month low and the prior month's pace was revised down, though the supply of homes available on the market dropped to a record low.

The Tea Party Patriots have denounced Rep. Maxine Water's telling them to go straight to hell, and are calling on President Obama to do the same.

The National Weather Service warned that the Chicago metropolitan area and parts of northern Illinois and Indiana could experience heavy rain, high winds, hail and cloud-to-ground lightning.

The long-missing parent yeast of lager beer was discovered newly, and is believed to have sailed from Patagonia in South America, taking a 7,000-mile journey to Bavaria, the birth place of the most popular alcoholic beverage of today.

The economic effects of political revolution in Egypt suggests that freedom came with a price.