IBT Staff Reporter

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Better weather aids fight on oil slick

A flotilla of nearly 200 boats tackled a massive oil slick in the Gulf of Mexico on Tuesday, taking advantage of calmer weather to intensify the fight to reduce the spill and limit its impact on the U.S. shoreline.

Voting begins in Senate on Wall Street reform

The U.S. Senate will cast its first votes on Tuesday on a sweeping Wall Street reform bill, with passage of a handful of uncontroversial amendments expected and a key procedural question still unsettled.

Secrets to longevity revealed

Based on the lives of Australia's oldest citizens, the secrets to longevity have been uncovered and shared by Professor Robyn Richmond at the International Federation on Ageing conference, in Melbourne.

Factory orders jump 1.3 percent in March

New orders received by U.S. factories jumped unexpectedly in March as businesses rebuilt inventories, pointing to continued strength in manufacturing, a government report released on Tuesday showed.

Forex- Can Greece cut its deficit by 11 points by 2014?

Greece has signed up to a package of austerity measures designed to cut its deficit by 11 percentage points between 2009 and 2014, an aim that will deepen the recession and could spark a social backlash. The measures agreed this weekend with the EU and IMF include more tax hikes and steeper cuts in wages and bonuses, in return for a record 110 billion euro ($146.5 billion) bailout. [ID:nLDE64107I] According to the aid plan, Greece will have to save an extra 30 billion euros on top of tough measu...

Pending home sales at five-month high, orders jump

Pending sales of previously owned U.S. homes hit a five-month high in March as buyers rushed to sign contracts before a tax credit expired, while a jump in factory orders pointed to manufacturing strength.

India's duty hike to hit China's steel mills

China's steel mills, which depend on iron ore imports from India and Australia, will face major problems in the coming days as India and Australia have hiked export duty on the commodity. Last week, India raised the export tax on iron ore lump variety to 10 percent from 5 percent, and levied a 5 percent tax on iron ore fines. Currently, the average price of Indian ore with 63.5 percent iron content quoted at around $80 per tonne. China's mills depends heavily on iron ore imports from India.

Euro market meltdown resumes despite Greek deal

A renewed selling frenzy gripped euro zone financial markets on Tuesday as concern mounted that a record EU/IMF bailout for Greece would not stop a debt crisis spreading in the single currency area.

MasterCard profit up 24 percent

MasterCard Inc , the world's second-largest credit card network, said first-quarter profit increased 24 percent, beating analyst expectations and confirming that consumers are spending once again.

CVS Caremark profit rises, year view brightened

CVS Caremark Corp posted a bigger-than-expected rise in quarterly profit, helped by dispensing more profitable generic drugs, and the company raised the low end of its 2010 earnings forecast.

Avocet Q1 gold production jumps on Inata output

Avocet Mining Plc said its first-quarter gold production jumped 64 percent from the year earlier as the first contribution from its Inata mine in Burkina Faso outweighed lower output from South East Asia.

Pending home sales touch 5-month high in March

Pending sales of previously owned U.S. homes rose more than expected to a five-month high in March as buyers rushed to sign contracts before a popular tax credit expired, a survey showed on Tuesday.

Thomson Reuters first-quarter profit beats

News and data provider Thomson Reuters Corp reported a lower quarterly profit on Tuesday, reflecting the lingering effects of the financial crisis on sales to its business and legal clients.

Mammograms catch few cancers in young women: study

(Reuters) - Mammograms detect few cancers in women under the age of 40 but cause expense and anxiety because women frequently get false positives that require follow-up to rule out cancer, researchers reported on Monday.

Nissan recalls Infiniti G35 sedans, coupes

Nissan Motor Co recalled Infiniti G35 sedans and coupes affecting as many as 134,000 cars due to a connector that could cause airbags not deploy during a crash, U.S. regulators said on Tuesday.

Regulators mull antitrust look at Apple: source

Regulators are considering an inquiry into whether Apple Inc violates antitrust law by requiring that its programing tools be used to write applications for the iPad and iPhone, a source familiar with the matter said on Monday.

Magnetic brain stimulation fights depression

NEW YORK (Reuters Health) - A daily dose of electricity delivered to a specific part of the brain can lift depression, new research confirms, even for people who've already tried multiple antidepressants to no avail.

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