IBT Staff Reporter

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Indoors, and short-sighted

Children who spend time outdoors are less likely to become short-sighted and require glasses, say Australian researchers.

New York Times leads pack of Webby nominees

The New York Times led the pack of nominees for the Webby Awards on Tuesday, sharing the spotlight for the Oscars of the Internet with the BBC, actor Zach Galifianakis and comedian Stephen Colbert.

Market flat; Intel up before results

Stocks were little changed on Tuesday as disappointing revenue from Alcoa Inc was offset by expectations for strong results this week from other top companies, including Intel Corp .

Palm approached Huawei for acquisition talks

Money-losing smartphone maker Palm Inc tapped Huawei Technologies for preliminary acquisition talks, a move that would give the Chinese telecommunications equipment maker a foothold in the premium mobile phone market.

Healthcare reform baton passes to states

(Reuters) - Now that the U.S. healthcare reform plan is law, the federal government is turning to states to institute key components -- some of which have never existed before -- and do so in a tight timeframe.

Apple updates MacBook Pro

Apple Inc has updated its line of high-end laptops with faster processors, better graphics and longer battery life, as the company continues to take share in the personal computer market.

Diet can sharply cut Alzheimer's risk: study

(Reuters) - A diet rich in olive oil, nuts, fish, poultry and certain fruits and vegetables may have a powerful effect at staving off Alzheimer's disease, researchers reported on Monday.

FDIC extends guarantee, proposes fee changes

U.S. bank regulators extended a crisis-era guarantee while also moving to change the deposit insurance fee system for large banks with the aim of making them pay more for engaging in risky activities.

Consumer Reports calls Lexus SUV safety risk'

Influential nonprofit magazine Consumer Reports on Tuesday urged car shoppers not to buy the 2010 Lexus GX 460, calling the Toyota Motor Corp sport utility vehicle a safety risk to roll over.

WaMu risk-taking slammed

Former Washington Mutual Chief Executive Kerry Killinger charged regulators unfairly seized the thrift in September 2008, even as the head of a congressional panel accused the savings and loan of creating a mortgage time bomb in its quest for profits.

U.S. trade gap with China narrows

The U.S. trade deficit with China narrowed to its lowest level in nearly a year in February, while the nation's overall trade gap widened as strengthening domestic demand triggered a surge in imports.

Market edges down after Alcoa disappoints

U.S. stocks slipped on Tuesday as Alcoa Inc's results disappointed investors at the start of the earnings reporting season, while a drop in oil prices weighed on the energy sector.

Consumer confidence up in April from year-low

U.S. consumer confidence rebounded in April after hitting in March its lowest level in a year, boosted by stock market gains and modest job market improvement, a research group said on Tuesday.

Greece clears first debt hurdle, but doubts remain

Greece has passed its first borrowing test since euro zone leaders agreed on a potential aid package, but the high price it paid on Tuesday for short term cash failed to quash doubts that it can beat its crisis alone.

WaMu called time bomb as ex-CEO laments seizure

Former Washington Mutual Chief Executive Kerry Killinger charged regulators unfairly seized the thrift in September 2008, even as the head of a congressional panel accused the savings and loan of creating a mortgage time bomb in its quest for profits.

WaMu execs blame regulators for its demise

Former Washington Mutual Chief Executive Kerry Killinger on Tuesday said regulators unfairly seized the Seattle-based thrift in September 2008 and sold it to JPMorgan Chase & Co. for a bargain price of $1.9 billion.

Wall Street slips after Alcoa; Intel on tap

U.S. stocks dipped on Tuesday, a day after Alcoa posted in-line earnings but lower-than-expected revenues, as investors sought more evidence to justify the lofty levels on Wall Street.

Small business spirits downcast in March

U.S. small business owners have little confidence in the economy and are in no rush to hire or expand, despite signs the recovery is picking up, a survey released on Tuesday showed.

Imports widen U.S. trade deficit in February

A jump in imports of consumer goods and other products widened the U.S. trade gap in February to $39.7 billion, but the closely watched bilateral deficit with China was its lowest in nearly a year, a government report showed on Tuesday.

Imports widen trade deficit in February

A jump in imports of consumer goods and other products widened the U.S. trade gap in February to $39.7 billion, but the closely watched bilateral deficit with China was its lowest in nearly a year, a government report showed on Tuesday.

IEA hikes global oil demand estimate

The International Energy Agency (IEA) on Tuesday upwardly revised global oil demand forecast for this year by 30,000 barrels a day. In its latest oil market report, the Paris-based IEA said world oil demand will probably reach 86.60 million barrels per day this year, an increase from 84.93 million in 2009. Non-OPEC output is predicted to rise 220,000 barrels per day to 52 million barrels per day. Meanwhile, total OPEC production declined in March.

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