IBT Staff Reporter

Polo Ralph Lauren Corp posted a quarterly profit far above Wall Street estimates and strengthened its full-year revenue outlook, as demand for its fashions picked up as the quarter progressed.

A new gadget designed specifically for Twitter fans who want to tweet whenever and wherever, was launched on Tuesday by gadget maker Peek.

Warren Buffett's Berkshire Hathaway Inc will pay $26 billion to buy out railroad Burlington Northern Santa Fe Corp in what the billionaire investor called a bet on the U.S. economy.

Men have become so openly affectionate with each other using mobile technology they've taken to signing off text messages to male friends with a kiss , giving rise to a new generation dubbed Metrotextuals.

Best Buy Co Inc plans to start an online service that allows consumers to buy, rent and download movies and television shows, the electronics retailer said on Tuesday.

Warren Buffett's Berkshire Hathaway Inc will pay $26 billion to buy out railroad Burlington Northern Santa Fe Corp in what the billionaire investor called a bet on the U.S. economy.

Warren Buffett's Berkshire Hathaway Inc will pay $26 billion to buy out railroad Burlington Northern Santa Fe Corp in what the billionaire investor called a bet on the U.S. economy.

MasterCard Inc reported higher-than-expected quarterly earnings on Tuesday as the world's second-largest credit card network aggressively trimmed marketing expenses and raised fees to banks, and consumers used their debit cards more.

Ford Motor Co said on Tuesday that its U.S. sales rose 3.1 percent in October from a year earlier among all of its brands, supported by sales of cars and crossovers.

New York cable operator Cablevision Systems Corp posted better-than-expected quarterly profit, fueled by increases in Internet and phone subscribers and advertising revenue.

U.S. stocks stumbled on Tuesday after Morgan Stanley downgraded the semiconductor sector and a shake-up at two big British banks prompted investors to sell financial shares.

New orders received by U.S. factories beat Wall Street expectations and rose 0.9 percent in September, while inventories continued to shrink, the Commerce Department said on Tuesday.

Sony Ericsson unveiled its flagship X10 mobile phone on Tuesday, its first to run on Google Inc's Android operating system, hoping the device will help reverse its loss of market share.

New orders received by U.S. factories rose a stronger-than-expected 0.9 percent in September, while inventories continued to shrink, the Commerce Department said on Tuesday in a report suggesting manufacturing activity is feeding the economic recovery.

Bank of America Corp is considering allowing its next chief executive to be based in a city other than Charlotte, North Carolina, the bank's long-time headquarters, Bloomberg reported on Tuesday.

Sony Ericsson unveiled its new X10 flagship mobile phone on Tuesday, its first to run on Google's Android operating system, but said it would not go on sale until early next year.

Borders Group Inc took the latest step in the battle for book buyers this holiday season, promising customers it will ship items to their homes for free when they're out of stock in the company's bookstores.

Opel's labour force has agreed to contribute 265 million euros ($390 million) in annual savings if General Motors finally sells a majority stake in its European arm to a group led by Canada's Magna.

U.S. stocks fell on Tuesday, weighed by technology and financial shares, as Morgan Stanley downgraded the semiconductor sector and after a shake-up at two big British banks and poor results from Swiss lender UBS.

Jay Leno has shrugged off low ratings for his new prime-time nightly TV talk show, saying NBC is making money with his switch from late night to earlier and he enjoys being an underdog in the race to get viewers.

Fiat's Ferrari luxury car unit expects China to become one of its top five global markets in five years, by marketing to the growing ranks of affluent Chinese, a senior company official said on Tuesday.

Warren Buffett's Berkshire Hathaway Inc will pay $26 billion to buy out railroad Burlington Northern Santa Fe Corp in what the billionaire investor called a bet on the U.S. economy.

Sex and the City star Sarah Jessica Parker, Oscar winner Forest Whitaker and talent agent Bryan Lourd were among big Hollywood names named on Monday as members of U.S. President Barack Obama's Committee on Arts and the Humanities.

U.S. auto sales are likely to remain flat in 2010, former General Motors Co director Jerry York said on Monday.

Johnson & Johnson will eliminate about 6 percent to 7 percent of its global workforce, or some 7,000 to 8,000 positions, as the diversified healthcare company restructures and seeks cost savings, the company said on Tuesday.

Pop singer Rihanna is due to speak for the first time about the night she was beaten by her ex-boyfriend Chris Brown, saying in a TV interview that this could happen to anyone.

Warren Buffett's Berkshire Hathaway Inc said it agreed to buy railroad Burlington Northern Santa Fe Corp in Buffett's biggest acquisition ever.

Germany's new car market grew by 24 percent year-on-year in October even after a scrappage scheme for old autos ran out of money in September, the VDIK foreign carmaker association said on Tuesday.

U.S. online sales are expected to rise 8 percent this holiday season, with mass market retailers who can offer discounts performing best, according to Forrester Research Inc.