IBT Staff Reporter

Fewer Americans fell behind on their credit card payments than expected in July, as consumers coped better with their debt, but the drop in delinquencies to their lowest levels so far this year doesn't suggest a recovery in spending, analysts said.

Top hedge fund managers went bargain hunting in the oil patch in the second quarter, buying shares whose prices had fallen because of BP's Gulf of Mexico well disaster and lower oil prices.

U.S. prosecutors on Monday recommended a six-month prison term for Robert Moffat, a former IBM executive who pleaded guilty in the Galleon hedge fund insider trading probe.

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A World Trade Organization panel gave broad backing on Monday to the United States, Japan and Taiwan in their complaint over controversial European duties on electronics products, and told Brussels to bring its trade measures into line with international rules.

Poor growth data released in Japan yesterday was enough for investors to once again eschew riskier assets which saw the Australian Dollar dip towards 0.8860 early in the Asian session.

The AUD has opened stronger this morning gaining overnight with news that China will take over Japan's place as the world's second largest economy.

A global supply manager for Apple Inc pleaded not guilty on Monday to charges of accepting kickbacks from Asian companies that supplied iPhone and iPod accessories.

Four Democrats on a U.S. congressional panel called on regulators on Monday to press ahead with their own Internet traffic rules instead of relying on a proposal from two communications companies.

General Motors Co has completed the paperwork for an initial public offering, and timing of its filing with the U.S. securities regulators rests with the board of the top U.S. automaker, sources familiar with the process said on Monday.

Urban Outfitters Inc posted a bigger-than-expected quarterly profit on lower costs and strong sales across its brands, sending its shares up 4 percent after the bell.

BP's Deepwater Horizon disaster and falling oil prices crushed shares of energy companies in the second quarter, attracting the attention of some of the hedge fund industry's sharpest long-term investors.

According to research presented at the Annual Meeting of the Society for the Study of Ingestive Behavior (SSIB), there are significant differences between obese and lean men in how they respond to the taste of fat

Fewer Americans fell behind on their credit card payments in July, major credit card lenders said, bringing delinquencies to their lowest levels so far this year.

According to latest significant findings of a breakthrough research in Australia, baby fish may become easy meat targets for predators as the world's oceans become increasingly acidic due to rising carbon dioxide emissions from human activity.

The Adelaide City Council has voted to reject the opening of a tattoo and body art studio at O'Connell Street because the shop is owned by a member of the outlaw motorcycle group Rebels.

According to an Australian expert, the threat of asbestos is still around as he warns against complacency and the lethal asbestos ongoing usage in developing country.

Surgeons at St Vincent's Hospital in Darlinghurst have performed Australia's first artificial heart transplant to extend the life of a 50-year-old Sydney man suffering from total heart failure.

A recent study reveals aged garlic extract might be beneficial for health as it lowers blood pressure of the study participants who have hypertension.

Investors found little reason to buy stocks on Monday as the Dow and S&P 500 ended barely changed, suggesting that even several days of losses have not convinced institutions share prices are attractive.

Australian scientists have made a breakthrough discovery in the field of immunology as they can now explain how an important class of immune cells called T follicular helper cells is produced in the body.

Research In Motion has assured India of limited access to BlackBerry instant messages by September 1, and promised talks this week on monitoring its more secure corporate email, a government source said on Monday.

U.S. home builders' optimism hit a near 1-1/2 year low in August and a regional manufacturing gauge grew more slowly than expected, implying the economic slowdown continued into the third quarter.

Intel Corp said on Monday that it would buy the cable modem product line of chip maker Texas Instruments Inc in order to expand its consumer electronics chip business.

Investors found little reason to buy stocks on Monday as the Dow and S&P 500 ended barely changed, suggesting that even several days of losses have not convinced institutions share prices are attractive.

The Federal Reserve said on Monday bank lending standards eased somewhat over the last three months while demand for business and consumer loans was largely unchanged.

General Motors Co has completed the paperwork for an initial public offering and timing of its filing with the U.S. securities regulators now rests with the board of the top U.S. automaker, a source familiar with the situation said on Monday.

Jennifer Saba and Soyoung KimHulu, the web video service that features popular shows such as Glee and Modern Family as well as movies, is planning an initial public offering that could value the company at more than $2 billion, a source familiar with the situation said on Monday.