IBT Staff Reporter

If allegations are proven true, Tiger Woods may have had extra marital affairs with at least two women, Rachel Uchitel, 34 and Jamie Grubbs, 24, according to media reports.

Corrects paragraph 4 to show Henderson was named CEO of GM in March instead of April

The U.S. Federal Reserve must be prepared to raise interest rates if needed before the jobless rate has fallen to an acceptable level, or risk losing its inflation-fighting credibility, a senior Fed official said on Tuesday.

Iran warned Tuesday that it will prosecute five detained British sailors if it is proven they had intentions to violate the national security” of Iran.

CVS Caremark Corp has found a way to stop the Energizer bunny. It will discontinue sales of the company's alkaline batteries early next year.

Microsoft Corp said on Tuesday it had found no evidence that its recent security updates were causing problems with its new Windows 7 operating system, which some users said left them with a black screen of death. See full story.

Microsoft Corp said on Tuesday it had found no evidence that its recent security updates were causing problems with its new Windows 7 operating system, which some users said left them with a black screen of death.

A chill is in the air, and as the holiday season approaches, many travellers are starting to dream of their ideal winter ski holiday. Europe is a great choice, where you can get both stunning slopes and

Jamie Grubbs, a Los Angeles waitress who also appeared on VH1's Tool Academy, emerged to claim she dated golf champion Tiger Woods for 31 months.

General Motors Co's board of directors fired Chief Executive Fritz Henderson on Tuesday, saying it wanted to chart a new course as the top U.S. automaker pushes ahead with its restructuring.

Michael Jackson's surprising death made him the most searched term online in 2009. Michael Jackson is the only search term to appear on all three (Google, Bing and Yahoo) search engine's top 10 lists, and at the top of the three lists. On Yahoo, it ended singer Britney Spears' four-year reign as the most searched term.

The Dow Jones industrial average climbed to its highest close in 14 months on Tuesday as a weak dollar boosted natural resource companies' shares and economic data reinforced hopes for a sustainable recovery.

U.S. auto sales edged higher in November, led by an outsized gain for Hyundai Motor Co and mixed results for rivals in a trend automakers said pointed to a grudging recovery in the U.S. economy.

Solange Mangano's buttocks surgery was stupid for a woman who had everything in its place, designer Roberto Piazza told Argentinean media.

The RBA increased interest rates by 0.25% for the third consecutive month taking the official cash rate to 3.75% in a move that surprised some sections of the market.

It is a good sign that many of the Federal Reserve's emergency facilities are winding down organically as the economy recovers and markets are no longer reliant on them, a senior Fed official said on Tuesday.

Regional Federal Reserve banks favored keeping interest rates low in November because of the risk an economic pickup might falter on weakening consumer spending.

Egypt, which plans to start its first solar power unit in 2010, said on Tuesday it wanted to expand solar power production for export but that costs of the technology would need to fall first to make it feasible.

U.S. stocks rose on Tuesday, sending the Dow Jones industrial average to its highest close in 14 months, as a weak dollar boosted natural resource companies' shares and housing data reassured investors about the recovery.

Defeat of Australia's emissions trading plans may temporarily dent political momentum ahead of next week's U.N. climate talks, but succeed or fail, the scheme is unlikely to affect global carbon prices until at least 2013.

The Chicago Board Options Exchange will pay $2.1 million to settle its long-running litigation over ownership rights, eliminating legal barriers to demutualization within days or weeks, the exchange said.

Nokia Siemens Networks (NSN) will object in bankruptcy court to Ciena's $769 million purchase of Nortel's optical networking and carrier ethernet business, and is ready to raise its offer to $810 million in cash, a Nokia Siemens spokesman said on Tuesday.

The New York Power Authority on Tuesday issued a request for proposals for the development of 120 to 500 megawatts of offshore wind power projects in the state waters of Lake Erie and/or Lake Ontario.

The death of Argentinean supermodel Solange Mangano, who in 1994 was crowned Miss Argentina, has caused a polemic in the fashion industry after a cosmetic surgery on her buttocks lead to her tragic death.

Fiat SpA Chief Executive Sergio Marchionne hinted that government targets of a boost in production to 900,000 vehicles a year in Italy were achievable, but said he still planned to end car output at a Sicily plant.

The new chief of the International Atomic Energy Agency (IAEA), Japanese diplomat Yukiya Amano, took office on Tuesday, replacing Egyptian diplomat Mohamed el Baradei who has been serving the agency for 12 years.

U.S. Housing Still Growing; Kraft Still the Favorite; Dubai Crisis Ups Risk Awareness

The U.S. manufacturing sector grew for the fourth straight month in November, though at a slower pace, and questions remain about the staying power of the incipient economic recovery.

Shares in German truckmaker MAN fell over 4 percent on Tuesday on market talk it may be pressured by major investor Volkswagen to make a bid for Scania.