IBT Staff Reporter

A big business group on Tuesday urged lawmakers on a deficit-cutting panel to revamp the U.S. tax code and health and retirement programs as they go about their task of finding $1.2 trillion in savings.

Analog Devices Inc continued to grapple with supply chain issues in the third quarter and the microchip maker said it expects the uncertain macroeconomic environment to hurt fourth-quarter revenue as customers cut down orders.

Sony Corp has cut the price of its basic PlayStation 3 gaming console by nearly a fifth in the United States, a move that could lift the industry by boosting video game sales ahead of the holiday season.

U.S. stocks fell on Tuesday after three days of gains when a meeting between the heads of France and Germany failed to quell fears about euro zone leaders' ability to contain the region's sovereign debt woes.

In preparation for a new triple-x Internet domain that will launch in December, lawyers for the most storied brands in the United States are scrambling to prevent an x-rated rip-off of an invaluable asset: corporate Web addresses.

Elvis Presley, ?the King of Rock n' Roll? was 42 when he was found dead in his bathroom at the Memphis, Tennessee mansion on August 16, 1977. As Tuesday marks the 34th anniversary of the superstar's death, thousands of Elvis fans flock to Memphis to remember his legacy, as they have always been commemorating him for last thirty-four years. Check out the photos of ?The King? and how his fans still miss him:

The American Society of Addiction Medicine said that addiction is a chronic brain disorder like any other chronic brain disease like obsessive-compulsive disorder and body dysmorphic disorder. Neurological abnormalities like disruptions in neurotransmission and the reward system drive addiction, the group said in a statement.

Dell Inc slashed its 2012 revenue forecast as an already weak outlook for technology spending this year worsened, sending its shares more than 7 percent lower.

by Michelle SierraNEW YORK, Aug 16 - Google Inc's $12.5 billion acquisition of Motorola Mobility Holdings Inc suggests that cash-rich companies may not need to access the syndicated loan markets to pay for multi-billion purchases, sources told Thomson Reuters LPC Tuesday.

U.S. stocks fell on Tuesday after three days of gains when a meeting between the heads of France and Germany failed to quell fears about euro zone leaders' ability to contain the region's sovereign debt woes.

Cloud-storage and file-sharing company Box.net is raising $35 million in new funding, underscoring again the appeal of one of Silicon Valley's hottest investment areas.

The American Society of Addiction Medicine (ASAM) newly defined addiction as a chronic brain disorder, rather than a behavioral problem involving alcohol, drugs, gambling or sex.

Researchers set up more than 400 hidden cameras in order to capture images of some of the world's most elusive mammals. A group of biologists successfully captured 52,000 images of some of the most fear-inducing creatures on this planet.

Dell Inc posted quarterly revenue slightly below expectations and said sales for the present quarter would be flat, sending its shares down 4.9 percent in after-hours trading.

Zoosk is looking to attract investors in a new round of financing for the fast-growing online dating website.

A man who authorities say was the target of a murder-for-hire plot hatched on Facebook by the mother of his child was shot and killed in Philadelphia, police said on Tuesday.

Dell Inc slashed its 2012 revenue forecast as the outlook for technology spending this year weakened, sending its shares more than 7 percent lower.

Zachery Tims, senior pastor of New Destiny Christian Center (NDCC) in Apopka, Fla., was found dead in a room at the W Hotel in Times Square Friday, Aug. 12, 2011, according to the New York Police Department. The head of NDCC allegedly had a small glassine envelope containing white powder in his pant pocket when he was found lying face up on the floor of his room.

Thousands of fans of Elvis Presley a.k.a. "The king Of Rock and Roll" have gathered at Graceland to pay homage to the rock-and-roll star who died undermysterious circumstances exactly 34 years back.

Australia's Qantas Airways is setting up two new airlines in Asia and ordering $9 billion of new Airbus aircraft as part of a do-or-die makeover to salvage its loss-making international business.

While Duchess of Cambridge is deeply touched by exercise tips offered by Prince Philip, Catherine Middleton may have suffered from miscarriage while Prince Williams was away.

Hackers of BART's website have proven the power and danger of the hacking collective, Anonymous says one analyst.

Many senior executives at Rupert Murdoch's News of the World knew about phone hacking at the British tabloid, according to a 2007 letter written by a reporter which contradicts James Murdoch's denials and drags Britain's prime minister back into the scandal.

Sony Corp is slashing the price of its basic PlayStation 3 gaming console by nearly a fifth in the United States, hoping to jump-start sales of a device losing ground to Microsoft Corp's Xbox.

by Michelle SierraNEW YORK, Aug 16 - Google Inc's $12.5 billion acquisition of Motorola Mobility Holdings Inc suggests that cash-rich companies may not need to access the syndicated loan markets to pay for multi-billion purchases, sources told Thomson Reuters LPC Tuesday.

Oxygen may have been present on Earth 300 million years before it was breathed into the atmosphere, scientists concluded from a new research.Researchers from Massachusetts Institute of Technology discovered evidence that small aerobic organisms could have evolved to survive on extremely low levels of the gas in undersea "oxygen oases," keeping a low profile in the oceans before its debut in the atmosphere.

The leaders of France and Germany met for high-pressure talks on Tuesday to discuss what further measures they can take to shore up investor confidence in the euro zone following a dramatic market sell-off last week.

U.S. industrial output recorded its best gain in seven months in July as the auto sector bounced back from supply disruptions wrought by Japan's devastating earthquake in March.

In the midst of the economic slowdown, half the assets managed by the world's largest fund managers are now pension fund assets.