IBT Staff Reporter

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Asia shares up, no signs of panic over U.S. debt

Asian shares edged higher on Tuesday, rebounding from Monday's fall, but the dollar slid to a record low against the Swiss franc after a speech by U.S. President Barack Obama gave no sign a deadlock in Washington over raising the debt limit was easing.

Chrysler set to outpace Fiat, merger seen closer

Strong U.S. sales for Chrysler and growth in Brazil will help offset a weak European market for Fiat SpA, combined financial results are set to show on Tuesday as the two car makers move closer toward a full merger.

Travel to the Galaxy: Planetary Nebula [PHOTOS]

A planetary nebula is an emission nebula consisting of an expanding glowing shell of ionized gas ejected during the asymptotic giant branch phase of certain types of stars late in their life.

Time Travel and Warp Impossible, Proved Scientists: Study

A group of physicists at the Hong Kong University of Science and Technology found out that a single photon cannot travel faster than the speed of light in vacuum. The study reaffirms Einstein's theory that nothing travels faster than light, and most sadly, proves the impossibility of achieving the humanity's dream of time travel.

Norway police see attacker as probably alone

Norway's police believe Anders Behring Breivik probably acted alone in killing 76 people last Friday, and Norwegians united in revulsion against the worst attack in the Nordic nation since World War Two.

Trader gets $1 million penalty for metals manipulation

A former portfolio manager for Moore Capital Management agreed on Monday to pay the U.S. futures regulator $1 million to settle charges that he attempted to manipulate prices of palladium and platinum futures contracts on the New York Mercantile Exchange.

Head of U.S. cyber agency resigns suddenly

The head of a U.S. agency that helps respond to cyber attacks resigned suddenly after several high-profile attacks on government computer systems but the Department of Homeland Security declined Monday to comment on the reason.

Rival debt plans pushed as deadline looms

Top lawmakers rolled out dueling debt plans on Monday that offered little prospect for compromise, increasing the threat of a ratings downgrade and national default, as President Barack Obama prepared to address Americans on the impasse.

Jackson rehearsal footage nixed for doctor's trial

Raw film footage of Michael Jackson rehearsing a planned concert in the days before his death will not be shown to the jury in the upcoming trial of his personal doctor, a Los Angeles judge ruled on Monday.

Katy Perry says "good people" help handle fame

Katy Perry believes keeping "good people around" helps her deal with the pressures of being one of the world's biggest pop stars, which currently has her on a global concert tour and taking part in her first movie.

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