IBT Staff Reporter

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Ron Paul to Retire From Congress

U.S. Rep. Ron Paul, the libertarian Texas Congressman, won't seek re-election to his House seat next year, regardless of whether he wins the 2012 Republican presidential race, Paul said Tuesday.

'Superbug' Strain of Gonorrhea: Fact sheet

A new strain of the sexually transmitted disease gonorrhea was found to be resistant to antibiotics, international researchers say. According to the CDC, more than 700,000 persons in the U.S. get new gonorrheal infections each year and less than half of these infections are reported to CDC.

Applied Materials warns of tough economies

Chip manufacturing equipment maker Applied Materials said tough economic conditions in Europe and the United States were hurting demand, and it maintained its forecast for slower quarterly revenue.

Trade deficit surges to $50.2 billion in May

The U.S. trade gap widened much more than expected in May as a jump in oil prices helped push imports to the second highest level on record and exports fell slightly from April's record high, a U.S. government report showed on Tuesday.

Yankees: Top 5 quotes from Derek Jeter

Baseball fans will miss him tonight--Derek Jeter is skipping the All-Star Game in Phoenix to relax and revel in his 3,000-hit milestone. In his absence, let's recall some of his most memorable quotes.

Italy's Berlusconi tries to calm fears over crisis

Prime Minister Silvio Berlusconi tried on Tuesday to calm fears that Italy could be swept into a full-scale financial crisis and the opposition pledged to smooth the passage through parliament of tough debt-cutting measures.

Salt Risk Heightens After More Research

During a 14-year-old trial study published in the Archives of Internal Medicine Journal, researchers found that a diet high in sodium and low in potassium increases the risk of death from heart disease and other related health risks. The study also found that a higher sodium intake is associated with increased total mortality in the general US population.

Job openings, rate little changed in May

There was little turnover in the U.S. labor market in May, and the number of available jobs at the end of the month was virtually unchanged from April, government data showed on Tuesday.

China Wen says to keep policies, warns over-tightening

Beijing will continue to put taming inflation at the top of its agenda by keeping a prudent monetary policy stance, but it will try to avoid any big swings in economic growth caused by excessive tightening, Chinese Premier Wen Jiabao said in comments published on Tuesday.

U.S. trade deficit surges to $50.2 billion in May

The U.S. trade gap widened much more than expected in May as a jump in oil prices helped push imports to the second highest level on record and exports fell slightly from April's record high, a U.S. government report showed on Tuesday.

China says piracy problem not extremely serious

China said on Tuesday its crackdown on pirated goods has made great strides, a claim borne out by government statistics but not necessarily by a trip to one of Beijing's many shops where pirated software, movies and clothes are readily available.

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