IBT Staff Reporter

Yahoo Inc wants to triple its operating margin to 15-20 percent over the next three years by increasing revenue and keeping costs under control, CEO Carol Bartz said on Tuesday.

Internet giant Yahoo Inc is committed to grow its operating margin at a 15-20 percent pace over the next three years, CEO Carol Bartz said on Tuesday.

Oil prices eased to below $79 a barrel on Tuesday, as tropical storm Ida, which cut U.S. oil and gas supplies, was downgraded from a powerful hurricane and U.S. crude oil stockpiles were forecast to rise slightly.

LinkedIn and Twitter have linked up. Starting immediately, users of LinkedIn and Twitter can cross-file to each other's services, by checking a box on either Twitter or LinkedIn.

Asian stocks rose on Tuesday after U.S. equities hit a 13-month high, while central banks intervened to curb Asian currencies as funds flowed into riskier assets on expectations economic stimulus measures will continue.

A broad U.S. stocks rally sent the Dow industrials to a 13-month high on Monday, after the Group of 20 pledged to keep aid flowing to the world economy, strengthening investors' desire for risk.

Oil prices eased to below $79 a barrel on Tuesday, as tropical storm Ida that cut U.S. oil and gas supplies was downgraded from a powerful hurricane and U.S. crude oil stockpiles were forecast to rise slightly.

Electronic Arts Inc posted a wider quarterly loss and said it would cut about 1,500 jobs, or about 17 percent of its workforce, in another round of restructuring for the video game publisher.

The operator of Tagged.com will pay $750,000 and overhaul its practices to resolve charges that the social networking site tricked members into providing personal details to lure new members and send out tens of millions of spam emails.

Google Inc said on Monday that it was acquiring of AdMob, one of the largest mobile advertising networks, for $750 million, widening its bet that cell phone advertising could become the Internet's next-big money maker.

Hu Shuli, the chief editor of Caijing, China's most influential business magazine, has submitted resignation with parent company Stock Exchange Executive Council (SEEC) agreeing to her request.

Poor nations battered by record food prices last year need international help to raise agricultural output given conditions are still ripe for another food crisis, the U.N. Food and Agriculture Organisation's chief said.

A weakened Tropical Storm Ida drenched the U.S. Gulf Coast and oil installations on Monday, shutting down nearly 30 percent of Gulf energy production.

For Lady Gaga, it takes effort to be successful but most importantly, she considers it the proper way to treat her fans.

Lebanon's Prime Minister Saad al-Hariri formed a new unity government on Monday that includes two ministers from Syrian- and Iranian-backed Hezbollah.

Pay and venue were the focus of a jury's early deliberations on Monday in the trial of two former Bear Stearns hedge fund managers accused of fraud over dealings in mortgage-backed securities early in the financial crisis.

Nokia Corp. is recalling some phone chargers that can pose an electric shock hazard for some of its models. During a routine quality control process, Nokia identified a potential product quality issue with certain chargers manufactured by one of its third-party suppliers, Nokia said in a statement.

The Australian Dollar opens higher against the greenback today at 0.9285. Stronger than expected local housing finance data during the local session yesterday gave the currency a boost to an intraday high of 0.9241. Home loans grew by 5.1 per cent in September to 65,505 after 2 months of slowing demand in yet another signal to markets that the Reserve Bank of Australia (RBA) may need to hike rates in the coming months. The RBA is known to be concerned about unimpeded price-growth in the resident...

JPMorgan Chase & Co is raising lending to small businesses by $4 billion this year and hiring more than 300 new bankers to cater to these businesses.

Kraft Foods Inc chief Irene Rosenfeld refused to sweeten her $16.2 billion offer for candy maker Cadbury Plc and took the bid directly to shareholders on Monday, setting the stage for a takeover battle that could last up to three months.

Google Inc and a group representing authors and publishers said they are in talks with the U.S. government over modifications to a controversial electronic books licensing deal and they plan to file an amended version of the plan with the court on Friday.

Sprint Nextel Corp is starting the process of eliminating up to 2,500 jobs in the current quarter in an effort to save at least $350 million annually, the company said on Monday.

Electronic Arts Inc has acquired privately held Playfish for $275 million in cash plus other consideration as the maker of the Madden NFL series expands in the growing social gaming sector.

Verizon introduced the HTC Droid Eris last week, the same day as the Motorola Droid and it's getting good reviews so far.

General Electric Co confirmed on Monday it had submitted a binding offer for French state-owned nuclear group Areva SA's electricity transmission and distribution business.

JPMorgan Chase & Co is lifting a salary freeze it put in place last year, according to an internal memo from human resources director John Donnelly.

Breakwater Resources has reached a tentative deal with unionized workers at its Myra Falls mine in British Columbia, averting a strike at the operation, the two sides said on Monday.

Chancellor Angela Merkel and other leaders hailed the human courage that toppled the Berlin Wall, saying the historic events of 20 years ago showed the world could tackle new challenges, from poverty to climate change.

The U.S. Environmental Protection Agency has sent its final proposal on whether carbon dioxide and other greenhouse gas emissions pose a danger to human health and welfare to the White House for review, EPA Administrator Lisa Jackson told Reuters on Monday.