IBT Staff Reporter

Germany's federal cabinet will decide on Wednesday who will succeed Axel Weber as Bundesbank president, German newspaper Bild reported on Tuesday, citing unspecified sources.

Deutsche Boerse and NYSE Euronext are expected to announce a deal to create the world's largest exchange operator later on Tuesday, but set aside thorny political issues that pose a challenge to its successful completion.

Chinese inflation data helped ease investor concerns on Tuesday that the world's No 2 economy will have to tighten monetary policy more aggressively, but other data releases kept markets in a tight range.

The growth outlook for major industrialised economies is picking up, although big differences in momentum remain between countries, the OECD's leading indicator for December showed on Monday.

Shipping giant FedEx slashed its third quarter profit forecast by 25 cents, blaming higher fuel prices and disruptions from winter storms in the U.S. and Europe.

Girlfriend of soccer ace Cristiano Ronaldo and Russian supermodel, Irina Shayk has scored the coveted spot on the cover of the 2011 Sports Illustrated Swimsuit Edition.

General Motors Co will add over 20 new and upgraded models in China, its CEO said Tuesday, as the U.S. automaker looks to use its leading position in the world's biggest car market to reclaim the No.1 carmaker spot from Toyota Motor Corp.

Foster's Group , Australia's largest brewer, pushed ahead on Tuesday with plans to split its beer and wine businesses, but it risked dampening bidder appetite for either unit by also reporting soft first-half profits.

By Zhou Xin and Simon RabinovitchChinese inflation was lower than forecast at 4.9 percent in the year to January, but price pressures continued to build and will force the central bank to stick to its course of gradual monetary tightening.

CBS reporter Serene Branson has shot up to popularity with Grammy gibber. A Youtube video shows the journalist's struggle with mangles speech, which sparked off speculation on alcohol and stroke.

A man-versus-machine showdown on popular U.S. quiz show Jeopardy! ended in a tie on the first day of a three-day challenge, when an IBM computer showed off its knowledge of the Beatles, as well as a few glitches.

Charles Schwab Corp's customer satisfaction topped that of rival Fidelity Investments for the first time ever in 2010, according to a new annual online brokerage study released by the American Customer Satisfaction Index on Tuesday.

Asian stocks were broadly steady On Tuesday after traders took China's closely-watched inflation data in their stride, while the euro regained some ground after hitting a three-week low the previous day.

The Bank of Japan raised its assessment of the economy on Tuesday to say it is gradually emerging from a slowdown, further signaling that no imminent monetary easing is on the horizon.

Starbucks Corp. the world's largest coffee chain may soon announce a partnership with single-serve coffee segment leader Green Mountain Coffee Roasters, according to unconfirmed reports.

Chinese inflation was lower than expected at 4.9 percent in the year to January, but price pressures continued to build and will force the central bank to stick to its course of monetary tightening.

LG Electronics Inc said on Tuesday it was targeting a 30 percent annual rise in 2011 handset sales to 150 million units and would launch 20 smartphone models, as it seeks to turn its loss-making mobile division profitable.

The Internal Revenue Service would get an additional 5,100 employees under President Barack Obama's increased budget request, setting up a clash with Republicans who advocate cuts for the tax collection agency.

Chinese inflation was lower than expected at 4.9 percent in the year to January, though price pressures continued to build and will force the central bank to stick to its course of monetary tightening.

Asian stocks rose slightly on Tuesday after China's closely-watched inflation data failed to surprise markets, while the euro regained some ground after hitting a three-week low the previous day.

Chinese inflation was lower than expected at 4.9 percent in the year to January, though price pressures continued to build and will force the central bank to stick to its course of monetary tightening.

Transatlantic exchange operator Nasdaq OMX Group Inc has lost its chief financial officer Adena Friedman, who is quitting to take the same position at Washington, D.C.-based private equity firm Carlyle Group .

China's Huawei is resisting calls to divest recently acquired U.S. server technology firm 3Leaf, opting instead to wait for a decision from the White House before taking action.

Anglo-Australian miner BHP Billiton once offered to trade intelligence with Washington on China, its most important market, an Australian newspaper said on Tuesday, citing leaked U.S. cables obtained from WikiLeaks.

President Barack Obama revived earlier proposals to raise tens of billions of dollars by cutting tax breaks enjoyed by America's biggest companies, ideas that have floundered in Congress for several years.

President Barack Obama on Monday proposed an ambitious long-term transport spending plan in his 2012 budget as a way to boost U.S. economic competitiveness and spur job growth.

A court in Ecuador's Amazon told Chevron Corp on Monday to pay $8.6 billion in environmental damages, but the U.S. oil company vowed to fight on in a lawsuit seen as a global test case.

FedEx Corp cut its earnings forecast for the current quarter, citing disruption from winter storms in the United States and Europe and higher fuel prices, sending shares lower in post-market trading.

Vimpelcom Chief Executive Alexander Izosimov said there was a high possibility his company would acquire telecommunications assets of Egypt's Naguib Sawiris even as disgruntled shareholder Telenor is seeking to derail the deal.