IBT Staff Reporter

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Wall St hits 2-year high after tax cut deal

U.S. stocks climbed to a fresh two-year intraday high on Tuesday as investors bet a deal to extend tax breaks will prompt increased spending and buoy the economy while preserving returns for shareholders.

England humiliate Australia with an innings win

England nailed Australia's coffin on the final day of the second Ashes test at Adelaide to take a 1-0 lead in the series with three matches remaining after a brilliant 5-91 from Graeme Swann, giving England every chance to retain the Ashes series.

Best Buy to sell Google Nexus S phone

Samsung's <005930.KS> Nexus S phone, based on the latest version of Google's Android software, will go on sale this month in the United States and Britain through Best Buy and Carphone Warehouse .

Best Buy, Carphone to sell Google Nexus S phone

Samsung's <005930.KS> Nexus S phone, based on the latest version of Google's Android software, will go on sale this month in the United States and Britain through Best Buy and Carphone Warehouse .

Hertz to offer electric Smart cars for rent

The Hertz Corporation, the world's largest general use airport car rental brand, has entered into a joint partnership with Smart USA for electric car sharing and Hertz Rent A Car locations in New York, Washington, DC, and San Francisco.

China's tech dreams may see more IP buys

Chinese companies are poised to acquire smaller, intellectual property-rich technology firms overseas, fueled by the country's ambitious drive to converge its television, telephone and Internet networks.

Tesco sees good growth overseas, UK picking up

Tesco Plc, the world's No.3 retailer, said overseas markets drove a 7.2 percent rise in third-quarter sales and it was seeing a pick-up in demand in its main British market heading into peak Christmas trading.

Markets tense as EU makes no move on debt crisis

Tension persisted on European bond markets on Tuesday after Germany and fellow euro zone states resisted IMF calls to do more to quell the currency bloc's debt crisis, leaving the ball with a reluctant European Central Bank.

Futures rise on tax cut deal

Stock index futures rose on Tuesday after President Barack Obama forged a compromise with Republicans to extend Bush-era tax breaks for two years.

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