IBT Staff Reporter

Oil prices fell on Tuesday after Kuwait's oil minister said OPEC was considering the first official production boost in more than two years to ease anxiety about Libya's supply disruption and the potential for other disruptions in the region.

The Discovery spends its last full day in space with some live music and routine check ups.

Stocks jumped on Tuesday after a pullback in oil prices and an upbeat profit forecast from Bank of America, but technical signals still suggested a market correction was near.

Barcelona host Arsenal in the second-leg of the UEFA Champions League last-16 round in what promises to be a classic!

Strength in Europe helped offset softer-than-expected February sales at McDonald's Corp's established U.S. restaurants, which are being pinched by unemployment and rising gasoline prices.

Following the iPad's lead, Apple's MacBook Air boasts impressive shipment numbers.

A discontented app developer has decided to take on Google publicly, demanding changes to the way Google operates its App Marketplace.

Brown-Forman Corp , the maker of Jack Daniel's whiskey, posted a stronger-than-expected 30 percent increase in quarterly profit helped by strong emerging market demand, and raised its full-year outlook, sending shares up 6 percent.

A list titled The Philanthropy 50: Americans Who Gave the Most in 2010 compiled by The Chronicle of Philanthropy includes names of some key tech honchos who have allocated portions of their fortunes for various philanthropic causes following Bill Gates' example.

Barcelona host Arsenal in the second-leg of the UEFA Champions League last-16 round fixture which promises a classic.

A French flight attendant, who was fired by United Airlines, has been allowed to pursue her federal discrimination claims against her former employer, the 7th Circuit Court of Appeals has ruled.

The European Central Bank's signal last week that it is ready to raise interest rates was quite necessary to tackle firming inflation pressures, ECB policymaker Axel Weber said on Tuesday.

According to OK! Magazine, the actor plans to sue the creator of the show, Chuck Lorre, as well as the production company Warner Bros Inc.

Brown-Forman Corp , the maker of Jack Daniel's whiskey, posted a stronger-than-expected 30 percent increase in quarterly profit helped by strong demand in emerging markets, and it raised its full-year outlook.

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.

With gasoline & diesel prices at two-year highs, most of U.S. business fleets are forced to take an immediate hit to their profits, according to a new survey.

Galleon hedge fund founder Raj Rajaratnam, the central figure in the biggest U.S. insider trading case in a generation, went to trial on Tuesday in a showdown with prosecutors that will feature wiretap evidence and the testimony of former friends and associates.

Oil prices fell sharply on Tuesday with Brent crude dropping more than $2 a barrel after Kuwait's oil minister said OPEC was considering boosting production for the first time in more than two years.

Nokia, the world's top cellphone maker, said it will start talks with Finnish employees over the company's new strategy, which unions fear could cost more than 5,000 jobs in the Nordic country.

U.S. stocks were flat on Tuesday as continued turmoil in Libya indicated a quick resolution to the unrest in that country was not on the horizon and a drop in oil prices failed to ease investor worry about the economic recovery.

Monsanto Co. (NYSE: MON) said it will make an equity investment in San Diego-based algae fuel start-up Sapphire Energy Inc. to identify genes that positively affect growth in algae, which might have applicability in modern agriculture. Financial details of the agreement were not disclosed.

A new poll shows young drivers are more likely to use cell phones while driving, and that 30 percent of them have recently texted from behind the wheel, U.S. transportation officials said.

Oil prices fell on Tuesday, with North Sea Brent crude dropping more than $2 a barrel briefly after Kuwait's oil minister said OPEC was considering boosting production for the first time in more than two years.

McDonald's Corp said global sales at established restaurants in February rose 3.9 percent, as strong sales in Europe helped offset a U.S. market that was hit by high unemployment and rising gasoline prices.

U.S. stock index futures pointed to a flat open on Tuesday as more turmoil in Libya indicated a resolution was not close and a drop in oil prices failed to ease investor worry about the economic recovery.

A new world record for fastest car on ice was set at 206.05 mph (331.61 km/h) on the Gulf of Bothnia in Oulu, breaking an earlier record of 205.48 mph set by four-times world rally champion Juha Kankkunen.

A litany of back-stabbing at Europe's top aerospace group is exposed in leaked U.S. cables, which show American diplomats avidly collecting details on the cracks in U.S. planemaker Boeing's main rival.

Bill Gates didn't lose his title as the world's richest man last year; he gave it away by plowing billions into his charitable foundation, experts say.

Stock index futures rose on Tuesday as oil prices pulled back on prospects of an OPEC production hike after recent turmoil in the Middle East and North Africa caused a spike in prices.