IBT Staff Reporter

The European community is going through a period of market turmoil, but is unlikely to plunge into a double dip recession, Carlos Ghosn, chief executive of Nissan Motor Co and Renault said on Tuesday.

Honda Motor Co is interested to develop electric car batteries in China to tap the country's technology and vast resources.

Wall Street rose on Wednesday as investors scooped up shares battered in the recent correction and data showed new home sales climbed to their highest level in almost two years.

Retirement savers who have spent the month of May watching their portfolios steadily drop can look on the bright side, at least a little bit: Declining stock prices offer them an opportunity to convert their traditional Individual Retirement Accounts into Roth IRAs, without getting too beat up by the tax man.

NEW YORK (Reuters Health) - Helping kids with autism learn how to communicate doesn't improve their symptoms, British researchers reported at an international meeting on the developmental disorder.

Toll Brothers Inc reported a smaller quarterly loss and sharply higher orders, saying consumer demand has finally begun to pick up, and the luxury homebuilder's shares rose 3 percent.

Stocks rose on Wednesday as investors bought shares of beaten-down companies following recent losses, and after new home sales rose last month to their highest in almost two years.

Some of Wall Street's biggest names said they are frightened and worried by the debt crisis in Europe, but still do not expect a double-dip recession in the United States.

Stocks rose on Wednesday as investors snapped up shares of beaten-down companies following recent losses, and after new home sales rose last month to their highest in almost two years.

Bailed-out insurance giant American International Group has slashed its exposure to credit derivatives by nearly two-thirds under government ownership, but a full recovery for taxpayers remains uncertain, a senior U.S. Treasury official said on Wednesday.

Sales of newly built single-family homes rose in April to their highest level in nearly two years, as buyers benefited from a popular government tax credit.

Comcast Corp's top financial executive said on Wednesday that U.S. regulators' plans to tighten control over the broadband market could curb private investment in the sector.

British Airways said it would resume talks with the union of striking cabin crew later on Wednesday in an attempt to avert further industrial action.

Stocks rose on Wednesday, a day after markets clawed back from a steep sell-off and as Treasury Secretary Timothy Geithner flew to Europe to press for united action to tackle the region's deepening debt crisis.

Josephine Jimenez has a chunk of money to invest and she is hunting for opportunities in the usual places -- Zimbabwe, Tunisia, Sri Lanka, among others. Jimenez is a specialist in so-called frontier markets. She stacked up a million air miles long ago.

New orders for long-lasting U.S. manufactured goods rose more than expected in April, boosted by bookings for expensive aircraft, government data showed on Wednesday, but fell for the first time in three months excluding transportation.

New U.S. home sales surged to their highest level in nearly two years in April, while orders for long-lasting manufactured goods rose sharply, pointing to resilience in the economic recovery amid the debt turmoil in Europe.

Treasury Secretary Timothy Geithner said that financial markets wanted to see how a $1 trillion EU/IMF plan to provide back-up financing for euro zone governments put into action.

Sales of newly built single-family homes rose faster than expected in April to their highest level in nearly two years, government data showed on Wednesday, as buyers signed contracts to benefit from a popular government tax credit.

The public spotlight on Goldman Sachs is making things uncomfortable for the secretive bank's wealth managers and may crack open the door for rivals looking to lure business away.

Bailed-out insurance giant American International Group has slashed its exposure to credit derivatives by nearly two-thirds under government ownership, but a full recovery for taxpayers remains uncertain, a senior U.S. Treasury official said on Wednesday.

Internships are extremely important and beneficial to college resumes, so if you have the opportunity to apply for one, I would 100% recommend it.

Luxury homebuilder Toll Brothers Inc reported a smaller quarterly loss, helped by a federal tax credit designed to spur demand for housing.

(Reuters) - Laws requiring U.S. restaurant chains to list calorie counts have not stopped them from offering unhealthy meals that pack in calories, fat and salt, a group that encourages healthy food said on Tuesday.

(Reuters) - About half of the 65 million people in the United States who have high blood pressure now have it under control, up from 27 percent two decades ago, U.S. researchers said on Tuesday.

A return to recession is unlikely in the euro zone and a drop in the value of the euro should help offset the toll that debt-shrinking austerity measures takes on economic growth, the OECD's chief economist said.

New orders for long-lasting manufactured goods excluding transportation unexpectedly fell in April, but a jump in overall orders to a 1-1/2 year-high offered assurance the economic recovery remained on track.

Stock index futures pointed to a higher open on Wednesday, a day after markets clawed back from a steep sell-off and as U.S. Treasury Secretary Timothy Geithner flew to Europe to press for united action to tackle the region's deepening debt crisis.

Microsoft Corp Chief Executive Steve Ballmer said there are concerns that a debt crisis in the euro zone will not be restricted to the region.