IBT Staff Reporter

Japanese policymakers voiced growing alarm on Tuesday over upheavals in financial markets and a worsening global economic outlook as stocks plunged and the yen edged back to highs scaled prior to last week's intervention.

Singer Gavin DeGraw was assaulted by a group early Monday in New York City, police said.

Meteorites, or space rocks, revealed amino acids which make up proteins, essential building blocks of life that could have been an important source of the organic compounds of life on Earth. Key DNA components exist in extraterrestrial meteorites, and another team has also discovered molecules linked with a vital ancient biological process.

Brent crude plunged to a six-month trough below $99 a barrel on Tuesday in a two-session drop of more than $10, after a U.S. credit downgrade intensified fears about a global slowdown in demand for energy, sending commodities markets tumbling.

Japanese Finance Minister Yoshihiko Noda intends to resign after passage of a crucial bill to fund this year's budget, possibly later this month, and will run in a ruling party leadership race to replace Prime Minister Naoto Kan, the Sankei newspaper reported on Tuesday.

Hours before a straw vote test in Iowa, Texas Governor Rick Perry is expected to make it clear whether or not he will run for the presidential election.

Video game publisher Take-Two Interactive Software Inc missed Wall Street estimates because one of its games failed to connect with audiences, but it downplayed concerns the NBA lockout would hurt its top-sports title.

The second day of a strike by Verizon workers turned ugly after union representatives accused managers of injuring three workers while driving past picket lines, and the phone giant complained of a spike in network sabotage cases.

For plenty of financial advisers -- who also serves as quasi-therapists, spiritual gurus and confidantes -- Monday was bad.

A Manhattan federal judge has dismissed some claims against Bank Austria, a unit of Italy's UniCredit SpA , by the trustee seeking billions of dollars for victims of Bernard Madoff's Ponzi scheme.

At the end of the worst day for U.S. stocks since December 2008, traders at Knight Capital huddled in groups, staring at their computer screens, wondering whether tomorrow would bring more pain.

News Corp is taking a risk in putting boss Rupert Murdoch, famous for his off-script comments, on the media conglomerate's quarterly earnings call on Wednesday with succession questions sure to be asked.

Hollywood studios are set to break into China's massive Internet market as domestic video sites scramble to screen U.S. movies and dramas on their digital platforms, a move which could also curb rampant piracy.

What should a U.S. president say to stop stock markets from falling and reassure Americans that the country will be able to solve its debt and deficit problems?

Mortgage finance giant Freddie Mac FMCC.OB said on Monday it would ask for an additional $1.5 billion from taxpayers due to losses stemming from the weak housing market.

A U.S. trade agency will review Apple Inc's patent-infringement complaint against Taiwanese phone maker HTC Corp.

News Corp is taking a brave but necessary step in putting its chief Rupert Murdoch, known for going off-script, on Wednesday's quarterly earnings call for the first time in three quarters.

In particular, the risk of death seemed to correlate with the perceived niceness of co-workers, as less friendly colleagues were associated with a higher risk of dying and friendly co-workers helped to alleviate the stress. In contrast, the niceness of the boss had little impact on mortality. The main feeling of office stress is linked to absence of control.

Political leaders failed to halt a global stock market rout that gathered steam on Monday as investors lost confidence that Europe and the United States can rein in their budgets quickly and fear spread of a double-dip recession.

Video game publisher Take-Two Interactive posted weaker-than-expected results and lowered its second-quarter earnings forecast as its major release Duke Nukem Forever failed to connect with audiences.

South Korea's LG Display <034220.KS> aims to invest about 220 billion yen ($2.83 billion) toward mass-production of OEL panels from the second half of 2014, the Nikkei business daily reported, quoting a top executive.

The discovery of molecules linked with a vital ancient biological process, coupled with key DNA ingredients found in meteorites by another team of researchers, support the idea that life on planet Earth could have started from materials from outer space.

MGM Resorts International reported a sharply higher net profit for the second quarter following the initial public offering of its Macau joint venture, but adjusted results failed to impress investors and shares fell nearly 3 percent.

Plunging stock prices in the wake of Standard & Poor's decision to strip the United States' top-tier AAA credit rating may threaten consumer confidence and could push the frail economy into recession.

Researchers confirmed DNA components exist in extraterrestrial meteorites, and another team also discovered molecules linked with a vital ancient biological process. What this means is that the earlist forms of life on earth could have been made partially from materials delivered to planet Earth from space.

Content delivery network provider Limelight Networks Inc posted a wider-than-expected quarterly loss, hurt by higher costs, and forecast third-quarter revenue below analysts' expectations, sending its shares down 9 percent in extended trade.

Video game publisher Take-Two Interactive swung to a quarterly loss as the maker of Grand Theft Auto sold fewer video games to customers than a year earlier.

Can an Angry Bird keep your baby safe and warm?

U.S. stocks plunged on Monday in the heaviest volume since last year's flash crash, taking the S&P 500 down more than 6 percent on growing fears of a recession, in the first session after the historic loss of the country's pristine triple-A credit rating.