IBT Staff Reporter

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Samsung's quarterly profit seen down on LCDs

Samsung Electronics, the world's top maker of memory chips and televisions, is likely to report sharply lower second-quarter earnings this week, hit by a loss at its LCD display unit and as weak demand for computers hit sales of its semiconductors.

Canon says considering compact mirrorless camera

Canon, the world's largest maker of digital cameras, is looking into the possibility of launching a mirrorless model which features many of the capabilities of an upmarket single-lens reflex camera in a more compact body, a senior executive told Reuters on Tuesday.

Dollar gains on short covering; stocks dip

The U.S. dollar rose from the day's lows on a broad bout of short covering on Tuesday while Asian stocks pulled back slightly from a one-month high as some investors took profits from their recent rally.

Equities settle after recent rally; Aussie dips

Asian stocks steadied near one-month highs on Tuesday as market players took a breather after five consecutive days of gains while the Australian dollar dipped ahead of a policy meeting of the country's central bank where it may signal a dovish stance.

Asia stocks pause after 5-day rally

Asian stocks were steady near one-month highs on Tuesday as market players took a breather after five consecutive days of gains while the Australian dollar slipped ahead of a policy meeting of the country's central bank.

Man Chomps 62 Hot Dogs to Win July 4th Eating Contest (PHOTOS)

Joey Chestnut again reigns as the champion in Nathan's July 4th hot dog eating contest. Chestnut amazingly downed 62 hot dogs within 10 minutes to capture his fifth title. Sixteen other competitors participated in the event, but none were any match for the San Jose engineering student.

S&P warning adds default threat to Greece's bailout

Greece would likely be in default if it follows a debt rollover plan pushed by French banks, S&P warned on Monday, deepening the pain of a bailout that one European official said will cost Athens sovereignty and jobs.

Ireland signals bigger cut in 2012 budget deficit

Ireland's finance minister signaled on Monday that the government would make a larger budgetary adjustment of 4 billion euros ($5.8 billion) in 2012 despite being confident of meeting this year's fiscal goals under an EU-IMF bailout.

Detroit's dilemma: How to share gains with UAW

Over the past two years, Ford Motor Co has roared back from the brink of failure, won accolades for its gains in quality, posted its highest profits in a decade and rewarded patient investors with a 14-fold increase in its share price.

Detroit's dilemma: How to share gains with UAW

Over the past two years, Ford Motor Co has roared back from the brink of failure, won accolades for its gains in quality, posted its highest profits in a decade and rewarded patient investors with a 14-fold increase in its share price.

DSK Case: Will Prosecutors Back Off or Pursue Charges?

Prosecutors in New York are investigating a sexual assault case against former International Monetary Fund chief Dominique Strauss-Khan and have not yet decided to back off or continue to pursue seven counts of against him.

Moody's says not involved in Greek rollover talks

Moody's is not involved in talks on a Greek debt rollover plan and will only make its views known once there is a final decision on it, the ratings firm said on Monday after Standard and Poor's warned about the plan.

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