IBT Staff Reporter

Stocks rose for a second day on Tuesday as optimism grew that a solution to the Greek debt problem was near, boosting investor appetite for risky assets as equities recouped some of their recent losses.

Nike Inc raised its revenue forecast for its namesake brand on Tuesday, and said it is ahead of schedule on its longer-term financial targets despite macroeconomic and margin pressures.

Stocks extended gains for a second day on Tuesday as optimism grew that a solution to the Greek debt problem was near, boosting investor appetite for risky assets.

Finance chiefs from the United States and India pledged on Tuesday to continue efforts to open up India's financial, retail, manufacturing and infrastructure sectors to competition but offered no specific measures to boost access for American firms.

Consumers are activating more than half a million Android devices every day, an increase of about 25 percent from early May, according to Andy Rubin, who heads Google Inc's Android software business.

General Motors has unveiled the new design for the 2012 Transformers 3: Dark of the Moon Special Edition Chevrolet Camaro muscle car to imitate the movie’s version of the autobot, Bumblebee.

New York's highest court revived a lawsuit by several large banks challenging bond insurer MBIA Inc's 2009 restructuring, which they complained was unfair to policyholders.

The International Monetary Fund has named Christine Lagarde its new head and the first woman to lead the organization, according to a statement released from Washington today.

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Anti-austerity protests turned violent in Athens on Tuesday as the European Union warned Greek lawmakers the country faces immediate default unless they back an unpopular economic plan this week.

The drastic plunge in home prices continued to level off in April, hinting at stabilization in the housing market, but job market worries pushed consumer confidence to a seven-month low in June.

China's Youku Inc has agreed with Warner Bros. Entertainment's local joint venture to offer pay per view movies on its newly launched online paid content platform, Youku said on Tuesday.

Mobile financial services are expected to improve the lives of around 2 billion people in developing countries within a decade and boost economies, a Boston Consulting Group study found.

The YA author has a follow-up essay today, after the storm caused by her last one, titled My 'Reprehensible' Take on Teen Literature.

Shia LaBeouf recently confessed to having a fling with actress Megan Fox.

Microsoft Corp made its biggest move into the mobile, Internet-accessible world of cloud computing on Tuesday, taking the wraps off a revamped online version of its hugely profitable Office software suite.

In a shocking interview with Details magazine, Transformers actor Shia LaBeouf admits that he hooked up with actress Megan Fox while making the Transformer films.

Charlie Sheen's Two and a Half Men character Charlie Harper will be killed off the show, TMZ reports.

The singer is reportedly asking the politician to cease and desist using his song in her campaign

It's judgment day for the aged in Cambodia.

A bi-partisan group of mayors is hoping to capitalize on a message from al-Qaeda to stop the sale of illegal guns nationwide.

French Finance Minister Christine Lagarde is set to be named the IMF's new chief on Tuesday after the United States and leading emerging markets endorsed her, maintaining Europe's grasp on the top job.

The Cowboys believe they are out of the running for Raiders' free agent cornerback Nnamdi Asomugha.

Last Friday after the draft, Monta Ellis' agent Jeff Fried reportedly asked Golden State Warriors management for trade.

French search engine said it had sued Google Inc for 295 million euros ($418 million), alleging the U.S. company used its dominance to thwart rivals.

New York's highest court revived on Tuesday a lawsuit by banks including Bank of America Corp and HSBC Holdings Plc challenging MBIA Inc's 2009 restructuring, which they complained was unfair to policyholders.

The Los Angeles Film Festival came to a close Sunday with the premiere of writer and producer Guillermo del Toro's Don't Be Afraid of the Dark.

The Los Angeles Film Festival came to a close Sunday with the premiere of writer and producer Guillermo del Toro's Don't Be Afraid of the Dark.

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