IBT Staff Reporter

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Consumer confidence rises further to 57.9 in April

Consumer confidence rose in April to the highest level since the collapse of Lehman Brothers in September 2008, driven by growing optimism about the labor market, according to a private sector report released on Tuesday.

Healthcare reform may not be toxic to drugmakers

(Reuters) - U.S. healthcare reform spawned a wave of lowered profit forecasts this week as drugmakers quantified the costs, but the pain should be manageable until the new law starts helping results in 2014.

Bernanke says prompt action needed on deficit

Federal Reserve Chairman Ben Bernanke said on Tuesday the country's budget deficit is on an unsustainable path and requires near-term action from policymakers to avoid dangerous outcomes.

Nokia unveils new flagship phone

Nokia Oyj unveiled details of its first phone with new Symbian 3 software on Tuesday, designed to challenge the iPhone and Blackberry at the high-end of the market.

Goldman's Tourre: Bank and I didn't mislead anyone

Goldman Sachs Group Inc's Fabrice Tourre, accused of creating a product that led to a U.S. Securities and Exchange Commission civil fraud lawsuit, on Tuesday denied the regulator's charges and allegations that he or the bank misled investors.

3M profit beats; company raises outlook

Diversified manufacturer 3M Co posted a higher-than-expected quarterly profit on Tuesday and raised its sales and profit forecasts for the full year, citing strong demand in developing markets as well as an improving economic backdrop.

Depressed? You must like chocolate

(Reuters) - People who are depressed eat more chocolate than people who are not, U.S. researchers said on Monday, in a study that puts numbers behind the link between mood and chocolate.

UPS posts higher first-quarter profit

United Parcel Service , the world's largest package delivery service, on Tuesday reported higher first-quarter earnings, reflecting an improving global economy and higher international volume.

German lawmaker urges discount on banks' Greek debt

Greek bonds and bank shares sank to new lows on Tuesday as a budget expert from Germany's ruling party pressured private banks to accept a discount on the Greek debt they own, spreading the pain of an international bailout.

Top court to rule on California video game law

The Supreme Court said on Monday it would decide whether a California law banning the sale and rental of violent video games to minors violated constitutional free-speech rights, the first time it will rule on a video game case.

Genes affect smoking behavior, lung cancer risk

NEW YORK (Reuters Health) - Addicted to smoking and unable to quit? Your genes may be partly to blame, according to a trio of studies published Sunday in Nature Genetics that link several gene variants to a range of smoking habits, as well as increased risk for lung cancer.

Markets pound Greek debt on bailout uncertainty

The cost of insuring Greece's debt against default hit a record high and its borrowing costs soared on Tuesday after Germany's junior coalition party said Berlin was not certain to put its weight behind a financial rescue.

Porsche recalls all Panameras in embarrassing move

Performance sports car maker Porsche AG's sterling reputation for quality took a severe dent on Tuesday, when it recalled every Panamera it built only months after the model line was launched to much fanfare.

DuPont profit more than doubles; forecast raised

DuPont said strong emerging market demand and sales of specialty chemicals helped its first-quarter profit more than double, beating Wall Street expectations and sending its shares up nearly 2 percent in premarket trading.

Markets to open lower on Greece, earnings help Dow

U.S. stock index futures pointed to a lower open on Tuesday after Germany demanded new austerity measures from Greece, prompting worries over Greek debt, although strong earnings reports limited losses in the Dow.

German FDP: Temporary Greek euro exit an option

Greece might have to quit the euro zone for a time if the country failed to tighten its belt sufficiently to qualify for emergency aid, a budget expert with Germany's junior coalition party said on Tuesday.

Sharp sees highest profit in 3 years on TV, solar

Sharp Corp beat market expectations with a forecast for annual operating profit to more than double to its highest in three years, after it swung to a quarterly profit on strong sales of display and solar panels.

QUT researchers track climate change

Queensland University of Technology (QUT) scientists will use technologically advanced automated monitoring equipment to track greenhouse gas emissions and the impact of urbanisation as part of a new national research network.

Deutsche Bank sales and trading drives Q1

Deutsche Bank's investment bank posted forecast-beating record quarterly earnings, adding credibility to the lender's ambitious targets even as Wall Street faces a regulatory and legal hurricane.

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