IBT Staff Reporter

Researchers in Singapore re-engineered a harmless strain of bacteria to fight another common, drug-resistant microbe called Pseudomonas aeruginosa, which spreads in hospitals and is deadly to patients with weak immune systems, according to findings published in the journal Molecular Systems Biology on Tuesday.

The excuse that Rupert Murdoch gave to Parliament that he knew nothing of the phone-hacking by his newspapers is 'increasingly hard to credit.'

Fitch Ratings on Tuesday confirmed the United States' top-notch credit rating and, in blatant disagreement with rival Standard & Poor's, gave a vote of confidence to Washington's deficit-reduction efforts.

Sony cut the price of the PS3 to make a move against Microsoft's Xbox 360 and Nintendo's Wii says analysts.

Wal-Mart Stores Inc said same-store sales at its U.S. discount chain rose in July, as a renewed emphasis on offering low prices on a wide assortment of goods started to stem more than two years of quarterly sales declines.

Monday evening marked the latest confrontation of San Francisco's Bay Area Rapid Transit (BART) with the hacker collective Anonymous, which ended in partially closing stations due to a crowd of some 150 protesters at Civil Center Station.

While U.S. and European financial institutions brace for another economic slowdown, Canadian firms are noticing the familiar scent of opportunity.

Wall Street stocks fell on Tuesday after a meeting of the heads of France and Germany failed to quell market fears about euro zone leaders' ability to contain the region's sovereign debt woes.

Phone hacking was widely known about at Rupert Murdoch's News of the World, according to a reporter blamed as the sole culprit, contradicting repeated denials by senior executives and dragging Britain's prime minister back into the scandal.

Google's move to buy Motorola Mobility was all about patents and defending the growing success of Android analysts say.

French and German leaders proposed a tax on financial transactions and closer joint governance of economic policy to stop the debt crisis in Europe, but did not propose increasing the euro zone bailout fund or selling euro zone bonds, French President Nicolas Sarkozy said on Tuesday.

A U.S. appeals court on Tuesday upheld a method developed by the trustee liquidating Bernard Madoff's firm for determining how to calculate investor losses, handing a defeat to so-called net winners.

The U.S. Army released its monthly press report on suicide statistics with July's count at a record high. Currently 151 soldiers have been reported by the Army as having committed suicide this year.

Sentiments from tweets are used to predict movements in the Dow.

The fourth installment in the "Austin Powers" franchise is coming closer to becoming a reality. The first film in the Powers franchise arrived in 1997 with "Austin Powers: International Man of Mystery" and followed with "The Spy Who Shagged Me" in 1999 and "Austin Powers in Goldmember" in 2002.

TLC announced on Monday that it has cancelled "Kate Plus 8." "We've had a great run!" Gosselin wrote on Twitter. "Six years of whirlwind fun-filled adventures thanks to TLC and our many, many supportive and diehard fans."

Google Inc's biggest deal ever, acquiring Motorola Mobility Holdings Inc for $12.5 billion, is an attempt to buy insurance against increasingly aggressive legal attacks from rivals such as Apple Inc.

The largest gold fund players including hedge fund titan John Paulson stuck with their bullion bets in the second quarter, opting not to follow George Soros who further reduced his gold ETF holdings.

A candlelight vigil took place in remembrance Elvis Presley's death, as thousands participated at his estate in Graceland near Memphis, Tenn. to honor the King who died on Aug. 16, 1977.

Recent discoveries have complicated the general understanding of cancer, which has now turned out to be more willful than thought.

U.S. airlines, hoping to offset high fuel costs and potentially sagging travel demand, have taken a scalpel to their route structures once again.

How much TV do you watch on a daily basis? Depending on how much, it can affect your lifespan. People who watch too much television live shorter lives. Researchers discovered that six hours of television a day can shorten a person's life by as much as five years as compared to people who watched no television.

On Monday night, Russell Armstrong, the estranged husband of Taylor Armstrong, was discovered dead in his home.

The complex flight patterns of bats were successfully tracked thanks to the world's smallest GPS devices, which revealed that Egyptian fruit bats are equipped with visual maps and internal compass of their home range, from a "bird's eye view."

Wal-Mart Stores Inc said same-store sales at U.S. discount stores turned positive in July as it sharpened its focus on low prices to try to end more than two years of quarterly sales declines.

Stocks dropped more than 1 percent on Tuesday as German growth data and a meeting of French and German leaders failed to ease worries about the euro zone debt crisis.

Stocks dropped more than 1 percent on Tuesday as German growth data and a meeting of French and German leaders failed to ease worries about the euro zone debt crisis.

Smartphone maker HTC Corp sued Apple Inc on Tuesday, claiming infringement of three patents through Apple's sale of Macintosh computers, iPhones, iPads and other devices.

Google buying Motorola might be big technology news, but it?s not nearly as fun as a pair of sunglasses that can open a beer bottle.