IBT Staff Reporter

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American Apparel to set up online store with EBay

American Apparel signed a multi-year deal with EBay Inc for an online store, as the retailer continues efforts to turn around its sagging sales, sending its shares up as much as 12 percent before the bell.

Consumer confidence edges up in July

Consumer confidence edged higher in July as jitters over the outlook eased, though consumers remained gloomy about their current situations, according to a private sector report released on Tuesday.

WTO's Lamy sees paralysis in global trade talks

The head of the World Trade Organization castigated its 153 members on Tuesday for failing to agree a watered-down global trade deal by December, and called for an adult conversation over what to do next.

New home sales fall in June, prices rise

New single-family home sales unexpectedly fell in June, but a sharp rise in prices and declining supply suggested the market for new houses was starting to stabilize, a government report showed on Tuesday.

Michael Jackson Tribute Concert: Bad Timing?

"We wanted to do something decent and worthy of Michael's musical genius yet something fun and authentic that you would envision Michael attending with excitement and joy surrounded by talent that he respected and loved," stated Chris Hunt, president of Global Live Events who is organizing the concert event. The concert celebration would take place on Oct. 8, but the line up has yet to be announced. "When I was told some of the names of the artists performing I knew it would ...

Congress deadlocked over debt as default looms

The United States edged closer on Tuesday to a devastating default as President Barack Obama's Democrats and their Republican rivals were deadlocked over competing plans to raise the debt ceiling, one week before a deadline to act.

HTC faces test as investors fret over slowing growth

Taiwan's HTC, which rose from obscure origins making phones for others to become one of the world's top smartphone companies, is facing a test of its mettle as investor faith in its rapid growth wanes in an increasingly competitive market.

'God Particle,' Higgs Boson: Cause of the Big Bang?

Thought to be what all matter was formed out of and the cause of The Big Bang, the data that researchers are worked up about are a few spikes that may signify the existence of the Higgs Boson particle, aka the "God Particle."

Hershey profit beats estimates; raises outlook

Hershey Co reported higher-than-expected quarterly results and raised its full-year outlook, showing that consumers are willing to pay more to satisfy their sweet tooth even in a weak economy.

Chicken Pox Deaths Down Dramatically Due to Varicella Vaccine

Health officials and researchers from the United States Centers for Disease Control and Prevention say the decline shows that the benefits of the vaccine program - established in the 1990s - were larger than expected prior to its start. Chickenpox led to about 105 deaths a year during the pre-vaccine years of 1990 to 1994, researchers say.

UPS profit up, keeps outlook despite economy

United Parcel Service Inc , the world's largest package delivery company, reported higher second-quarter profit and reaffirmed its 2011 outlook despite a sputtering economic rebound.

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