IBT Staff Reporter

Glencore is not actively considering a bid for embattled rival ENRC, its chief executive said, dismissing reports of a bumper offer as the commodities trader reported a jump in maiden quarterly earnings.

Mitt Romney's first litmus test in the run up to the 2012 Presidential elections - Republican Presidential Debate hosted by CNN at New Hampshire, Manchester, went quite smoothly. Romney, like all the other six republicans, chose to tread a cautious path and considered it too premature to take jibes at each other. Instead, they opted to take few digs at President Barack Obama and his policies.

Google Inc has applied for a license to operate its Google Maps product in China, China Business News reported on Tuesday, quoting an unnamed official.

Apple's launch of iOS5, might have played as an update on Apple's mobile operating system to catch up with the other mobile operating systems in the market, but some features sported by Google's Android are way ahead.

U.S. car hire firm Avis is to buy its European namesake for an agreed 635 million pounds ($1.0 billion) to reunite the two businesses after 25 years, amid growing consolidation pressure in the industry.

The Bank of Japan on Tuesday kept monetary policy on hold but expanded a loan scheme targeting growth industries, keeping up efforts to address chronic ills that have been plaguing the economy even before a devastating earthquake struck in March.

Stock index futures pointed to a bounce at the open on Wall Street on Tuesday, with futures for the S&P 500 up 0.9 percent, Dow Jones futures up 0.5 percent and Nasdaq 100 futures up 0.7 percent at 0900 GMT (5 a.m. ET).

Ace choreographer and director Kathleen Marshall, gifted actress Ellen Barkin, artist Frances McDormand, and Hollywood hottie Catherine Zeta-Jones stole the show at the Tony Awards 2011.

General Motors will invest $47 million in its Defiance Powertrain plant Ohio to purchase tooling and equipment to increase volume of components for the fuel-efficient Ecotec 1.4L engine.

Evidence that China may avoid a hard landing for its high-flying economy lifted riskier assets such as stocks on Tuesday although investors remained on edge about the deepening Greek debt crisis.

China's central bank raised bank reserve ratios on Tuesday for the ninth time since last October after data showed inflation rising in May to 5.5 percent, its highest level in almost three years.

General Motors Ventures LLC will invest $6 million in zero-emission commercial transit bus maker Proterra, the company said in a statement on Monday.

China's inflation accelerated in May to 5.5 percent, its highest level in almost three years, suggesting the central bank will tighten monetary policy further even as economic growth slows down.

World leaders should put cyber security on the international agenda at forums such as the G20 and bring pressure to bear on slower-moving nations to take a stand against hacking, the co-founder of a global industry body said on Tuesday.

At a young 26 years of age, Lebron James is one of the best players in the NBA. However, following his Miami Heat's crushing loss to the Dallas Mavericks in six games, James has been taking some heated criticism for his on court play and off court antics.

Greece became the lowest-rated country in the world according to Standard & Poor's, which downgraded it on Monday and warned that any attempt to restructure the country's debt would be considered a default.

The board of Dutch financial services group ING Groep NV is expected to decide on Wednesday on a buyer for its U.S. online-banking business, the Wall Street Journal reports on Tuesday.

With the final release of SeaMonkey 2.1, we have received an open-source web browser which is on par with Firefox4 in terms of Java script speed and the latest web standards support.

The Dallas Mavericks beat the Miami Heat 105-95 to win the NBA Finals in six games over the Miami Heat, and deliver the team's first NBA Title.

59-year old Bill Warren, an eccentric California based diver has announced a rather ambitious plan to conduct an underwater mission to recover the body of Osama Bin Laden. Warren is currently gathering resources to scour the North Arabian sea bed which has an estimated surface area of four million square kilometers.

Ailing Nokia said on Tuesday it had ended a legal battle with Apple, which will pay an undisclosed one-off fee and ongoing royalties to the Finnish firm.

Dirk Nowitzki finally broke through and got the ring he worked 13 years in the NBA for. Avenging a 2006 loss to the Miami Heat, Nowitzki and the Dallas Mavericks beat the Heat in six games to take the NBA title.

Hiring prospects for the coming quarter have improved in most large economies from three months ago, while holding steady in the United States, according to a quarterly survey of employers by ManpowerGroup Inc .

Russell Crowe recent tweet caused a stir: “Circumcision is barbaric and stupid. Who are you to correct nature? Is it real that GOD requires a donation of foreskin? Babies are perfect.”

Minnesota Rep. Michele Bachmann, a Republican with close ties to the tea party, announced that she has filed the paperwork to be seek her party's nomination and will formally announce her intentions soon.

The Oakland Athletics are marred with injuries, a coaching change, and a seemingly insurmountable losing streak that may be their downfall for the 2011 season as the A's wallow in last place in their division.

Google should not be allowed to buy thousands of patents belonging to bankrupt Nortel Networks under current sale terms, Microsoft said on Monday, the deadline for bids in an closely watched auction.

Lawyers for Tyler Hamilton have accused Lance Armstrong, the seven-time Tour de France, of having aggressive contact with Hamilton over the weekend. According to ESPN, Hamilton's lawyers have reported the incident to federal authorities to decide whether or not it constitutes witness tampering, since Armstrong is in the midst of a federal doping investigation.

Emory law student had been arrested in Egypt on spy charges. Ilan Grapel, a U.S. immigrant to Israel, was detained on Sunday in a development that could strain Israel's relations with Egypt's new leaders.