IBT Staff Reporter

Facebook's ability to tap into social connections will give it edge over Netflix, says analyst

The head of Wisconsin's Democratic Party filed a series of ethics violations complaints against Gov. Scott Walker on Monday.

Skechers USA Inc sued Sears Holdings Corp , accusing the housewares and apparel retailer of selling footwear that infringed on some of its patents and trademarks, including those for its Shape-up line.

The criminal trial of hedge fund founder Raj Rajaratnam, at the center of the biggest U.S. insider trading probe in decades, began on Tuesday with the judge asking potential jurors whether they could be fair in deciding the case of a wealthy financial executive.

An upbeat profit forecast from Bank of America and a pullback in oil prices lifted Wall Street out of the technical danger zone on Tuesday in another sign of the market's near-term resilience.

Oil prices slipped on Tuesday, with Brent falling nearly 2 percent, after Kuwait's oil minister said OPEC was considering a production boost as war-torn Libya's output remained disrupted and the region's unrest fueled concerns about more supplies being cut off.

Brown-Forman Corp , the maker of Jack Daniel's whiskey, posted a stronger-than-expected 30 percent rise in quarterly profit helped by strong demand abroad, and raised its full-year outlook, sending shares up as much as 9 percent to an all-time high.

Billionaire hedge fund manager Carl Icahn said he plans to return all of his clients' money, becoming the latest in a string of investors who no longer want to manage money for outsiders.

Markets have understood the European Central Bank's policy signals, ECB policymaker Axel Weber said on Tuesday, adding he did not want to correct expectations for rates to be at 1.75 percent by year's end.

How can advisers keep their millionaire clients happy? By returning their phone calls.

OPEC is in talks about boosting oil supplies, Kuwait's oil minister said on Tuesday, but many in the group remained skeptical, saying world supply is comfortable despite the loss of Libyan crude.

An upbeat profit forecast from Bank of America and a pullback in oil prices lifted Wall Street out of the technical danger zone on Tuesday in another sign of the market's near-term resilience.

French wireless devices specialist Parrot is looking for acquisitions and has up to 40 million euros available to spend, its finance director told Reuters on Tuesday.

Bank of America Corp expects to get past large mortgage losses over the next few years and reach pretax profits of as much as $40 billion annually, its chief executive said.

German carmaker Volkswagen's premium brand Audi posted record-high margins, beating domestic rival Mercedes , and said it expected to stay ahead of the competition in fast-growing China.

Billionaire hedge-fund manager Carl Icahn is returning outside investors' capital, marking the end of an era as he joins a string of prominent stock pickers who no longer want the headaches of overseeing other people's money.

The criminal trial of hedge fund founder Raj Rajaratnam, at the center of the biggest insider trading probe in decades, began on Tuesday with the judge asking potential jurors whether they could be fair in deciding the case of a wealthy financial executive.

Activision may have given its Guitar Hero and DJ Hero seriesthe boot, but the company isn't swearing off the music genre altogether.

TMZ is reporting that singer Christina Aguilera is putting her house on the market.

Before the latest edition of the fixture, here's a look back at last year's tie in which Barcelona hammered Arsenal 4-1, thanks to a brilliant performance from Lionel Messi, to qualify for the semis.

Treasury Secretary Timothy Geithner urged Europe on Tuesday to strike a balance between tough fiscal reforms and financial support for troubled member states ahead of two crucial EU summits to resolve the bloc's debt crisis.

The Dark Knight is now available on Facebook.

U.S. stocks rose on Tuesday after an upbeat profit forecast from Bank of America and a pullback in oil prices, which could lead to further gains if the Dow mounts a key level.

McDonald's Corp's reported softer-than-expected February sales at established U.S. restaurants as high unemployment and rising gasoline prices threaten to curb consumer spending.

French wireless devices specialist Parrot has now the financial leeway to make small-scale acquisitions and is looking for opportunities, its finance director told Reuters.

Charlie Sheen has previously been reported to have purchased a new home in Beverly Hills for $7.5 million. Here are a few real estate buys that Mr. Sheen has made over the years.

Rep. Peter King of New York recently used the term Self-Radicalization as he discussed the hearings set to start on Thursday investigating radicalization and the Muslim community in the United States.

Bahrain is pressing charges against Saudi businessman Maan al-Sanea, the first time any of the players in a multi-billion dollar row with the Algosaibi family face the prospect of trial in a criminal court.

The ice cream parlor in London called The Icecreamists recently came out with an ice cream made of human breast milk and called it Baby Gaga.