IBT Staff Reporter

U.S.-based Seagate Technology's $1.4 billion acquisition of Samsung Electronics Co's loss-making hard disk drive business pits it head-to-head with Western Digital Corp in an industry that has been dogged by price wars.

A telecom equipment company in Spain has published instructions and sells kits for a DIY radiation detector.

Goldman Sachs Group Inc posted a 72 percent drop in first-quarter profit to shareholders as it made less money from trading bonds for clients. The largest U.S. investment bank posted a profit to common shareholders of $908 million, or $1.56 per share, compared with $3.3 billion, or $5.59 per share, in the same quarter a year ago.

Seagate Technology is to buy Samsung Electronics Co's loss-making hard disk drive business for $1.4 billion as it looks to combat rival Western Digital Corp and arrest price wars that have damaged the industry.

U.S. stocks were little changed on Tuesday as sliding revenue in financial companies pointed to a struggling economy.

NASA is working to ensure the next generation of space craft is American-made.

U.S. home building and permits for future construction rebounded strongly last month from February's weather-depressed levels, but a glut of housing on the market will make further gains difficult.

Toyota Motor Co <7203.T> may have to change its U.S. sales targets because of production slowdowns in Japan and North America, the U.S. sales chief of the world's largest automaker said on Tuesday.

U.S. stock index futures edged higher on Tuesday as investors searched the latest raft of corporate profits for a reason to rebound from Monday's selloff.

Thomson Reuters Corp named Pulitzer-prize winning journalist and former Dow Jones Newswires President Paul Ingrassia to the new position of deputy editor-in-chief, one of four new hires brought in to overhaul its news operations.

U.S. stocks advanced on Tuesday, led higher after Goldman Sachs and Johnson & Johnson reported solid earnings.

In a recent interview with Esquire magazine, actress Evan Rachel Wood revealed she is bisexual.

AT&T is blocking PlayBook subscribers from downloading one of the PlayBook's key applications, BlackBerry Bridge, according to subscribers.

Sen. Tom Coburn, R-OK on Monday - reacting to a 2 year warning on the nation's pristine credit rating - said Democrats and Republicans needed to reach a deal on cutting the nation's long-term deficits ahead of the November 2012 election, cautioning against waiting for the perfect political moment to tackle the problem.

State Street Corp , one of the world's largest institutional investors, said quarterly operating earnings rose as improved financial markets helped boost custody servicing and asset management fees.

Uganda will order social media sites Twitter and Facebook blocked locally if further protests over high food and fuel prices take place because they are being used to fan unrest, a senior official said Tuesday.

U.S. housing starts and permits for future home construction rose more than expected in March, snapping back from the prior month's winter depressed levels, government data showed on Tuesday.

With a winner-takes-all scenario in the upcoming Copa Del Rey final between Real Madrid and Barcelona, Madrid skipper Iker Casillas is under no illusions about the importance of the game.

Cellphone maker Sony Ericsson is suffering component shortages following the Japanese earthquake and has roped in its bigger parents to give it more muscle in the fight for supplies with bigger rivals.

U.S. housing starts and permits for future home construction rose more than expected in March, snapping back from the prior month's winter depressed levels, government data showed on Tuesday.

The creators of Glee are extremely upset after an extra on the show Tweeted secrets about the show this past weekend.

Wimbledon organizers have increased the prize money for the winners of this year's tournament to £1.1m, which amounts to a rise of 10 per cent.

Two of the leading U.S. custody banks reported higher quarterly earnings on Tuesday as assets under management and fees increased along with the rising stock market and improved financial market conditions.

In the central bank governor's wood-paneled office with its beige couch and chairs around a Queen Anne coffee table, the man reached into his briefcase and pulled out an envelope full of cash, offering it expectantly to then-governor Ljubisa Krgovic.

Donald Trump's PR campaign has been built around questioning the validity of President Obama's birth certificate. But recently Trump has also broached on foreign policy, adding another angle to his PR campaign.

The EU will investigate whether telecoms operators are providing fair internet access and might introduce stricter rules to protect consumers, EU Telecoms Commissioner Neelie Kroes said on Tuesday.

Tokyo Electric Power Co. plans to move the radioactive water from one of the reactor buildings at the Fukushima Daiichi nuclear power plant and treat it on site, the company said.

U.S. stocks advanced on Tuesday, led higher after Goldman Sachs and Johnson & Johnson reported solid earnings.

U.S. Treasury Secretary Timothy Geithner on Tuesday said there was no risk that the United States would lose its prized AAA credit rating, saying political prospects for long-term deficit reduction were improving.