IBT Staff Reporter

A troubled Chicago community bank with a philanthropic reputation has won uncommon Wall Street backing to save it from a government takeover, while similarly sized rivals flounder and fail.

100 counselors and Buddhist monks were hired by the Taiwanese company that manufactures iPhones for Apple to reduce stress among its workers after reported cases of suicides at it Chinese factories this year.

Regulators still have not been able to pinpoint the cause of the market's recent plunge, but charged ahead with new rules to restrict trading when markets are in free-fall.

Three directors were narrowly reelected to coal miner Massey Energy Co's board on Tuesday in a proxy battle launched by investors angered that share value has plummeted since an explosion killed 29 workers at a company mine six weeks ago.

JPMorgan Chase & Co shareholders rejected a proposal to strip Chief Executive Jamie Dimon of his chairman title, but they gave him a hard time at the bank's annual meeting on Tuesday.

The Senate voted to give state authorities a role in enforcing new bank consumer protection rules as lawmakers sought on Tuesday to complete their financial regulation package before a series of final votes on landmark Wall Street reform.

The largest U.S. stocks face new trading curbs after regulators on Tuesday unveiled a plan meant to avoid a repeat of the mysterious May 6 market drop that quickly spiraled out of control.

The release of the RBA board minutes suggested just what the market had expected and in fact had already begun pricing in – interest rates are at normal levels.

Stocks sank on Tuesday, driven lower as the strengthening of financial regulation from Wall Street to Frankfurt crushed bank stocks, adding to worries about the sustainability of the global economic recovery.

Visa Inc's and MasterCard Inc's shares dropped sharply on Tuesday, as Visa's chief executive said a proposed law to curb debit card fees could cut into transaction volumes.

Hewlett-Packard Co's quarterly results beat expectations on solid demand for personal computers and servers and a resurgence in its printing business, and the company raised its full-year outlook.

Stocks sank on Tuesday, driven lower as the strengthening of financial regulation from Wall Street to Frankfurt crushed bank stocks, adding to worries about the sustainability of the global economic recovery.

Professional social networking companies are recovering well from the recession, boosted by a surge in members, and growth in fees from advertisers and recruiters.

Housing starts touched a 1-1/2-year high in April, but a drop in building permits to a six-month low implied the housing market recovery may struggle to gain momentum without more government aid.

Top electronics chain Best Buy will launch this month its planned online service CinemaNow that allows consumers to buy, rent and download movies and television shows.

New rules to curb stock trading when markets plunge uncontrollably will go into effect in June for the largest stocks, sources familiar with regulators' plans said on Tuesday.

Housing starts touched a 1-1/2-year high in April, but a drop in building permits to a six-month low implied the housing market recovery may struggle to gain momentum without more government aid.

Logan was a soon-to-be MBA graduate who had worked in his family-owned construction business for five years. While attending college-and acquiring two undergraduate degrees-he had been gaining hands-on experience in business management, project coordination, and customer service in the design/build firm his family had been operating on a part-time basis.

Stocks fell on Tuesday on continued worries that measures to deal with Europe's debt problems will hinder global economic growth.

New rules to curb stock trading when markets plunge uncontrollably will kick in as early as mid-June for the largest U.S. stocks, two sources familiar with regulators' plans said on Tuesday.

Moving to clear away an obstacle to passage of a Wall Street reform bill, key U.S. senators have struck a compromise balancing state and federal powers in bank consumer protection, aides said on Tuesday.

Dutch authorities have embraced smartphone technology in a bid to make going through customs easier by releasing an application that tells travelers what they are not allowed to take with them.

Toyota Motor Corp has paid a $16.4 million fine to settle allegations by U.S. regulators the company was too slow to recall vehicles with defective accelerator pedals.

U.S. stocks extended declines on Tuesday with the S&P 500 down slightly more than 1 percent, weighed down by bank stocks as investors fret over the implications of a federal financial regulation proposal.

Home Depot Inc boosted its forecast for the year after spring sales beat Wall Street expectations, but investors questioned how strong home improvement sales trends would be in the rest of 2010.

Drugmaker Pfizer Inc will cut 6,000 jobs, or 18 percent of the workforce, at its 78 manufacturing plants over the next five years as it pares back operations following last year's purchase of rival Wyeth.

(Reuters) - Former National Institutes of Health director Dr. Harold Varmus was nominated by President Barack Obama on Monday to return to his former agency, this time as head of the National Cancer Institute.

NEW YORK (Reuters Health) - Severe depression within the first year of a traumatic brain injury is common but treatment is not, Washington state researchers report.

Stocks slid on Tuesday, pressured by euro weakness that raised concerns about the impact on technology companies' sales and by worries over Europe's debt problems.