IBT Staff Reporter

BSkyB rejected a proposal by major shareholder News Corp to buy the rest of the company in a deal that would value BSkyB at 12.3 billion pounds ($19 billion) but said it would recommend a higher offer.

Apple said it launched a new version of its lowest-priced computer, Mac mini, with twice the graphics performance and lower power usage, from $699.

A strong global economic recovery -- led by Asia -- is under way, and is unlikely to be thrown off course by European debt woes or the improbable event of the bursting of an asset bubble in China, a top Federal Reserve official said on Tuesday.

LOS ANGELES - The funk that has stricken U.S. video games is about to end -- and the timing is perfect, considering the industry begins showing off its wares Tuesday at the massive E3 Expo in Los Angeles.

Stock index futures pointed to a slightly higher open on Wall Street on Tuesday, with futures for the S&P 500 up 0.25 percent, Dow Jones futures up 0.16 percent and Nasdaq 100 futures up 0.04 percent at 0820 GMT.

Microsoft Corp will begin selling its Kinect motion-sensing game system on November 4, before the crucial holiday season, hoping to lure new and casual players to the Xbox and steal a march on rivals Nintendo Co Ltd and Sony Corp.

LOS ANGELES - What's more lucrative -- a copyright or a woman's breasts?

A recovery in stocks and the euro fizzled out on Tuesday after Moody's downgraded Greece to junk status, reigniting anxiety about Europe's debt crisis and causing a slight retreat from riskier assets.

Telecoms company Sprint Nextel Corp will temporarily deactivate the accounts of laptop broadband users if they consume more than their allotted share of data while roaming, the Wall Street Journal reported.

Asia's stock market rally paused on Tuesday and the euro sputtered after five days of gains as it struggled to break through a resistance after a downgrade of Greece's credit rating reminded investors that Europe's debt crisis was not over.

Gold producing countries are ramping up production following the rise in prices in the past few years, according to Gold Made Simple. One of the main factors that influences the price of gold is supply and demand. When demand for gold exceeds supply, which is happening at present, the price of gold goes up and vice versa

Gold showed signs of recovery in Asian trade as investors turned to safe haven buying on reports of Greek inability to repay its debts.

The global economic recovery is likely to be slow and tortuous and China faces risks from a multitude of factors including trade protectionism and bad real estate loans, China's Banking Regulatory Commission (CBRC) said on Tuesday.

Gold held steady on Tuesday on safe haven buying as a downgrade of Greece's debt to junk reminded investors the debt crisis in Europe was far from over.

Oil was slightly higher above $75 on Tuesday as prospects for rising demand in emerging economies offset concern about the impact of Europe's debt crisis.

The euro's rally showed signs of fading on Tuesday, with investors taking profits and sentiment towards the single currency staying fragile as debt worries returned after Moody's cut Greece's credit rating to junk grade.

Asian stocks slipped on Tuesday, snapping a five-day winning streak, as worries about Europe's debt problems returned after Greece was downgraded to junk status, a move which also stymied the euro's rally.

Microsoft Corp will begin selling its Kinect motion-sensing game system on November 4, before the crucial holiday season, hoping to lure new and casual players to the Xbox and steal a march on rivals Nintendo Co Ltd and Sony Corp.

Asian stocks slipped on Tuesday, snapping a five-day winning streak, as worries about Europe's debt problems returned after Greece was downgraded to junk status, a move which also stymied the euro's rally.

Banks looked increasingly likely to face some limits on swap trading as a proposal to rein in risky business practices gained traction among lawmakers negotiating a landmark Wall Street reform bill.

Hershey Co plans to cut 500 to 600 jobs, or up to 5 percent of its workforce, as part of a restructuring aimed at upgrading and enlarging its facilities to compete globally and save some $60 million to $80 milllion in annual costs.

News Corp branched into the digital reader market with the acquisition of Skiff, a Hearst-backed company that helps distribute newspaper and magazine content to e-readers and other devices.

(Corrects to show News Corp buying only e-reader distribution platform, but not device, paragraphs 1, 6-7)

Moody's cut Greece's credit rating to junk status on Monday over risks to an EU/IMF bailout package, highlighting persisting doubts over the country's ability to exit a severe debt crisis.

U.S. stocks ended little changed in a low-volume session on Monday after a downgrade of Greece's debt took the wind out of the market's sails.

Top competitors are expected to distance themselves from BP Plc on Tuesday as normally clubby oil industry executives gather for a Capitol Hill grilling on the worst oil spill in U.S. history.

U.S. stocks ended little changed in a low-volume session on Monday after a downgrade of Greece's debt took the wind out of the market's sails.

Microsoft Corp will begin selling its Kinect motion-sensing games system on November 4 ahead of the crucial holiday season, hoping to lure new and casual players to the Xbox and steal a march on rivals Nintendo Co Ltd and Sony Corp.

Cablevision Systems announced a one-two punch to acquire Bresnan Communications for $1.37 billion and repurchase $500 million of its own stock, sending shares up 6.2 percent as investors cheered moves to expand its business while rewarding shareholders.