IBT Staff Reporter

UBS expects to win more client funds for its wealth management business in 2011 and sees a rebound in the investment banking division whose losses almost felled it in the financial crisis.

A team of engineers at the University of California, Berkeley, has found a way to grow tiny crystals that produce laser light, and bring the arrival of laser-based electronics one step closer.

Iran has unveiled domestically manufactured satellites and a satellite-carrier rocket and would launch several new locally built satellites within the next 13 months.

U.S. stock index futures were little changed on Tuesday, with investor focused on corporate earnings and the effects an interest rate hike in China may have on demand growth.

With the slogan 'Internet is more than a game, it's your life', 'Safer Internet Day' 2011 aims to heighten awareness in children and teenagers on the risks of online gaming and social networking or in short the 'virtual life'.

The heightened sense of scrutiny surrounding many heavily-indebted rich nations is sending the right message about fiscal discipline but is coming at the wrong point in the recovery cycle for many countries, and could do more harm than it's worth to the global economy.

Miner Xstrata Plc reported a surge in profit for the full year on stronger commodity prices, and proposed a final dividend of 20 cents a share, reflecting a return to pre-financial crisis levels.

The shipment of first batch of all-electric car Nissan Leaf has arrived in the north-east of England, the carmaker has confirmed.

Toyota Motor Corp lifted its annual forecasts beyond market expectations as cost cuts and sales exceeded its plans, but a heavy reliance on exports will keep it a laggard as long as the yen stays strong.

McBride Plc, the maker own label products for retailers, said interim pretax profits dropped 31 percent amid rising raw materials costs and a weak retail environment, particularly in the UK.

Global defense manufacturers, competing to sell products to one of the fastest growing aircraft markets in the world, are poised to unveil new products at India's biennial air show and fight it out for one of the largest export orders in the history of defense.

Sprint delivered on its promise of an industry first smartphone by releasing an Android-based dual screen phone under the moniker Echo, just days after AT&T announced that the much awaited Motorola Atrix will be available from March 6.

ArcelorMittal , the world's largest steelmaker, forecast a faster than expected recovery in demand and prices at the start of 2011 after a margin squeeze in the fourth quarter.

Stock index futures pointed to a higher open for Wall Street on Tuesday, adding to gains from the previous session, with futures for the S&P 500, for the Dow Jones and for the Nasdaq up 0.1-0.2 percent by 1007 GMT.

India's federal auditor is probing the allocation of satellite-based communication licenses, sources said on Tuesday, increasing pressure on Prime Minister Manmohan Singh as his government grapples with graft charges that threaten their stability.

British gas producer BG Group Plc posted a rise in quarterly profit helped by higher commodity prices and a lower exploration charge and the company lifted its full year dividend by 10 percent to 21.60 cents a share.

One warm July evening three years ago, John Leahy set off along London's river Thames in an electric punt. With Leahy, a sharp and energetic New Yorker who has been Airbus sales chief since 1994, were the company's Middle East president Habib Fekih and Tim Clark, president of Emirates Airlines, one of the fastest-growing airlines in the world.

Toyota Motor Corp, the world's biggest car maker, reported a 48 percent drop in quarterly operating profit on slumping Japanese car sales and a stronger yen, but lifted its full-year forecast above the market consensus.

The rally in shares and other riskier assets took a breather on Tuesday, with world stocks trading a touch below the previous day's 29-month highs while the dollar fell broadly.

UBS returned to a modest profit at its investment bank and struggled to attract new client money to its core wealth management operations, showing chief Oswald Gruebel still has a way to go to turn around the bank.

Groupon defends the Tibet ad aired during Super Bowl asserting that it takes all social causes extremely seriously.

Toyota Motor Corp's 48 percent drop in quarterly profit highlighted its exposure to a firm yen, but the world's No.1 automaker raised its full-year outlook beyond market forecasts on stronger sales projections and cost cuts.

At this year's Laureus Sport Awards, held at Abu Dhabi on Monday, Spain's Tennis World Number 1 Rafael Nadal and USA's Skiing Olympic gold medalist Lindsey Vonn bagged the top honors of 'Sportsman' and 'Sportswoman' of the year, respectively.

Compromising pictures of Italian Prime Minister Silvilo Berlusconi are on sale for 1 million pounds.

One-day 50-overs cricket returns to its spiritual and financial home next week when India, Bangladesh and Sri Lanka host the World Cup after a 15-year gap.

U.S. defence contractor Northrop Grumman expects India to seal a deal to spend $11 billion on new fighter jets by the end of this year, as it supplies fuselage and radars to manufacturers bidding for the order, an executive said on Monday.

Toyota Motor Corp <7203.T> reported a 47.6 percent drop in quarterly profit, hit by tanking Japanese car sales and a firm yen, highlighting its damaging exposure to the loss-making export business.

India is probing two new cases involving the allocation of telecoms spectrum, increasing the pressure on Prime Minister Manmohan Singh's government already hit by a telecoms graft scandal, local media reported on Tuesday.

Most Asian share markets struggled for traction on Tuesday, but Japan's Nikkei hit a fresh 9-month high and Australian stocks rose as hopes of a sustained recovery for the rich world encouraged investors to switch funds from emerging to developed markets.