IBT Staff Reporter

Tax reform could spell the demise of corporate tax breaks such as the domestic production credit, but don't hold your breath waiting for it, says Scott Hodge, a 20-year veteran of the Washington tax wars.

A Texas couple is claiming to have spotted a chupacabra.

Lawyers for WikiLeaks founder Julian Assange asked a court for a second time on Tuesday to block his extradition from Britain to Sweden for questioning over allegations of sexual misconduct, arguing the case was legally flawed.

BlackBerry maker Research In Motion should split itself in two to liberate locked-in value and speed up innovation at a company that has lagged its competitors, a brokerage said on Tuesday.

A portion of the 405 Freeway from the Hollywood Hills to the 10 Santa Monica Freeway will close for the weekend starting Friday, July 15.

The U.S. trade gap widened sharply in May to its highest level in nearly three years as surging oil prices helped push imports to a near record and exports fell slightly from April's all-time high.

New York's attorney general has requested data from 20 of the institutional investors that agreed to a $8.5 billion settlement with Bank of America Corp over their holdings in soured mortgage-backed securities.

The second round of tuition hikes for the fall term was approved Tuesday by California State University leaders.

Google Inc's investment spree and shrinking profit margins will draw investor scrutiny when it reports its earnings on Thursday, following an eventful quarter when the company launched the Google+ social network and the government disclosed a probe of its business practices.

Crossrider, an Israeli tech company, has developed an application that allows users of Google+ to also view their feeds from Facebook, Reuters reported.

Stocks closed lower for a third straight day on Tuesday as Europe's fiscal woes and a weak start to tech earnings gave investors little reason to buy even after the recent losses.

New York's attorney general has requested data from 20 institutional investors that agreed to a $8.5 billion settlement with Bank of America Corp over their holdings in soured mortgage-backed securities.

Two hedge fund founders were accused in a U.S. lawsuit of using accounting manipulation to loot $205 million in fees from Tetragon Financial Group Ltd.

Telephone companies would have to make third-party charges on landline phone bills clear and distinct to help people detect unauthorized fees under rules proposed on Tuesday by communications regulators.

Netflix has increased its monthly fee, making subscribers choose whether to stream or to get the DVDs via snail mail.

The Obama administration pushed harder for its strict deadline of January 2013 to certify state health insurance exchanges and proposed that each exchange - showing progress - receive conditional approval, in becoming fully operational by January 2014.

Like kids on a road trip, investors keep asking: are we there yet?

It's Washington Mutual Inc vs. shareholders, round II.

UK fashion giant Topshop recently pulled photos of what international media called a painfully thin 18-year-old Australian model Codie Young.

A string of troubled initial public offerings in Europe has pushed Bank of America Merrill Lynch to draw up a set of new guidelines to improve the listing process and restore confidence between sellers and buyers.

Shares in bond insurer MBIA Inc rose 8 percent on Tuesday after the company dropped a lawsuit against Bank of America , a move one investor said could lead to a larger settlement.

House Speaker John Boehner, R-Ohio, rejected the notion that he and President Barack Obama had reached a grand dealon raising the debt limit which he spoke of during his news conference Monday.

Stocks were little changed on Tuesday, though comments from Federal Reserve officials suggesting the possibility of more stimulative policies sparked gains that briefly put the Nasdaq in mildly positive territory.

The end of the road for a class-action discrimination lawsuit brought by female employees of Wal-Mart Stores Inc has not spelled doom for employment lawsuits facing other big U.S. companies.

Global commercial real estate sales rose 47 percent in the second quarter from a year earlier to $101 billion and are on track to reach or top $440 billion for the year, according to a report by real estate services firm Jones Lang LaSalle Inc .

The U.S. brokerage arm of UBS said it hired Morgan Stanley Smith Barney brokerage executive Jon Mallon to manage its Santa Rosa, California, branch and help attract and advise high-net-worth customers from affluent towns north of San Francisco.

Like kids on a road trip, investors keep asking: are we there yet?

The British tabloid The Sun made it clear Tuesday afternoon it did not obtain the medical records of former Prime Minister Gordon Brown's son.

In response to Apple's legal challenge, Grace Lei, HTC's general counsel, said in a statement Tuesday that HTC is disappointed that Apple is suing its competitors instead of competing fairly in the market, reported by Agence France Press.