IBT Staff Reporter

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Zimbabwe needs additional $73 mln aid: UN

Zimbabwe needs an extra $73 million in humanitarian aid this year, mainly due to increased food needs for vulnerable groups despite improvements in the agriculture sector, United Nations agencies said on Tuesday.

Italy under fire in widening euro debt crisis

Financial market pressure on Italy intensified on Tuesday, sucking Europe's second biggest debtor nation deeper into the euro area danger zone and prompting emergency consultations in Rome and among European capitals.

Stepfather of Missing New Hampshire Girl Leaves Hospital, Autopsy Scheduled

A New Hampshire man who was reportedly taken to the hospital after the disappearance of his 11-year-old stepdaughter Wendell Noyes has re-entered his community while investigators dig through the area whether Celina Cass' body was found Monday. Wendell Noyes was taken away by ambulance Monday after he laid down with his face in his arms outside of a Stewartstown, N.H. home.

U.S. trade panel to probe Apple claim against Samsung

A U.S. trade panel that hears patent disputes has agreed to investigate Apple Inc's complaint that mobile phones and tablets made by South Korean rival Samsung Electronics Co Ltd violate its technology intellectual property.

LivingSocial enters Korea with biggest acquisition

LivingSocial agreed to buy South Korean online daily deal provider TicketMonster in a stock-swap to expand further into the Asian market, the companies said on Tuesday, without disclosing the value of the deal.

S&P 500 eyes longest losing streak since Oct 2008

Stocks dropped on Tuesday as worries about the health of the global economy and a possible downgrade for U.S. debt sent the S&P 500 crashing through key technical levels in an ominous sign for markets.

Most Americans aware of cyber attack threat: poll

NEW YORK (Reuters Life!) - Most Americans think the U.S. government should authorize cyber attacks if needed, have never been to a psychiatrist or therapist and many named James Bond as their favorite fictional hero.

Virgin Galactic Appoints First CFO

Virgin Galactic, the world's first commercial spaceline, has appointed its first Chief Financial Officer. Kenneth H. Sunshine, former CFO at MDA Information Systems, National Institute of Aerospace and Aurura Flight Sciences, joins the company, bringing with him a wealth of experience in the space business with him.

MetroPCS warns on subscriber numbers

MetroPCS Communications Inc lost about a third of its market value on Tuesday after it reported quarterly earnings that missed Wall Street expectations and warned that already-weak second-quarter subscriber numbers would worsen in the current quarter.

Pfizer global drug sales fall, spark concern

Pfizer Inc showed further weakness in its main business of prescription medicines, sending shares down more than 3 percent on concern over future growth as the company prepares to divest better-performing non-pharmaceuticals businesses.

Childhood Asthma Linked to Magnetic Field Exposure in Mothers: Study

A new study published in the Archives of Pediatrics & Adolescent Medicine, revealed that asthma, a breathing disorder, is disproportionately commonly found in children whose moms have been exposed to high magnetic fields during pregnancy. Power lines, microwaves, vacuum cleaners, and hair dryers all increase risk.

Congress averts default, downgrade fears haunt

Congress buried the specter of a U.S. debt default by finally passing a deficit-cutting package on Tuesday, but uncertainties lingered over a possible painful downgrade of the top-notch American credit rating.

Insight: When ratings agencies judge the world

The man who holds in his hands the fate of U.S. credit, and with it potentially the global economy, favors small tie knots, sports a bushy mustache and smokes his fair share of cigarettes.

Salmonella Outbreak Killed 1, Sickened 76 in US: CDC

Federal officials said that one person has died from salmonella poisoning that seems to be related to ground turkey. The government has not yet released the name of the responsible party. A recall has not been issued.

Snapshot: Senate to vote on debt deal

Here is a rundown of the final actions in Congress on Tuesday as lawmakers try to rush to the White House a deficit reduction deal that also will raise the $14.3 trillion limit on U.S. government borrowing.

Russian minister calls for limits on the Internet

Russia's interior minister called on Tuesday for limits on the Internet to prevent a slide in traditional cultural values among young people, raising fears of controls over the vibrant Russian-language Web.

GM's July U.S. sales rise about 8 pct

General Motors Co on Tuesday posted a 7.6 percent sales gain in July on stronger demand for its flagship Chevrolet brand and new cars including the Cruze compact.

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