IBT Staff Reporter

Radovan Karadzic led a genocidal campaign to make Bosnian Muslims disappear from the face of the earth and carve out a mono-ethnic state for Bosnian Serbs, war crimes prosecutors told a U.N. tribunal on Tuesday.

North Korean efforts to install one of ailing leader Kim Jong-il's sons as a hereditary successor are likely to fail, a senior defector from the communist country said on Tuesday.

The United States and European Union pledged on Tuesday to work to reduce regulatory barriers that impede trade across the Atlantic, but said a free-trade pact was not in the cards right now.

The defense bill President Barack Obama will sign into law on Wednesday contains a new provision that would pay Taliban fighters who renounce the insurgency, Senate Armed Services Committee Chairman Carl Levin said on Tuesday.

The U.S. government would gain far-reaching new powers to regulate, and even shut down, large financial firms that threaten economic stability under a draft bill released in Congress on Tuesday.

U.S. regulators would be able to peer into the secretive world of hedge funds and private equity funds under a bill passed by a key congressional committee on Tuesday.

Social networking sites like Facebook and LinkedIn raise serious new challenges for financial regulators, the head of the largest U.S. independent securities regulator said on Tuesday.

Social networking sites like Facebook and LinkedIn raise serious new challenges for financial regulators, the head of the largest U.S. independent securities regulator said on Tuesday.

DreamWorks Animation SKG Inc posted better-than-expected net quarterly profit on Tuesday, helped by the release of the Monsters vs. Aliens DVD, sending its shares up 3.2 percent after hours.

A U.N. panel of experts has demanded that Burkina Faso investigate weapons transfers to the rebel-controlled northern part of the neighboring West African state of Ivory Coast.

Somali pirates said on Tuesday they had seized a yacht in the Indian Ocean with a British couple aboard and were taking the vessel to the Horn of Africa nation with a view to demanding a ransom.

After months of industry hype, Hollywood on Tuesday rolls out the red carpet for Michael Jackson movie This Is It showing the final performance of the fallen King of Pop.

Visa Inc posted higher-than-expected quarterly earnings on Tuesday, as consumers used their debit cards more, and the company raised prices, sending shares up 2.4 percent.

Barry Diller may be about to hang a 'for sale' on Ask.com, saying on Tuesday that his search advertising business could be open to a takeover given the competition it faces from Google Inc and Yahoo Inc.

Treasury Secretary Timothy Geithner on Tuesday told a packed room of Wall Street dealers and bankers they could not look America in the eye and argue that financial regulation is fine as it is.

A health reform bill with a government-run insurance option faced an uncertain future in the Senate on Tuesday, with many centrist Democrats uncommitted and Senator Joe Lieberman strongly opposed.

The Obama administration's executive pay czar said his authority should not be expanded beyond setting compensation guidelines for seven banks and automakers that have received extraordinary taxpayer bailouts.

The Obama administration's executive pay czar said his authority should not be expanded beyond setting compensation guidelines for seven banks and automakers that have received extraordinary taxpayer bailouts.

Top Democrats in the Senate have reached an agreement to extend the soon-to-expire $8,000 tax credit for first-time homebuyers, Senate Banking Committee Chairman Christopher Dodd said on Tuesday.

A key U.S. congressional committee will release draft legislation on Tuesday to restrict future bailouts and give the government a new way to deal with giant financial firms that get into trouble, a senior congressional source told Reuters.

Norfolk Southern Corp , the No. 4 U.S. railroad, said on Tuesday that its earnings in the latest quarter fell nearly 42 percent as the economic downturn continued to weigh on freight volumes.

Google announced new software tools for its Android operating system for smartphones on Tuesday, just ahead of Motorola's Droid cell phone for Verizon Wireless.

Anheuser Executive Sues for Bias; Home Prices Up Slightly; Nokia-Apple Row Continues

A legal battle between Apple Inc and Nokia over patent infringement is likely to last for more than a year, said Bill Merritt, the head of mobile licensing firm InterDigital.

A former top female executive at Anheuser-Busch InBev NV has sued the world's largest brewer for gender bias, accusing it of paying women less than men while maintaining a frat party atmosphere.

The Brazilian unit of French commodities group Louis Dreyfus said on Tuesday it agreed to take over Brazilian firm Santelisa Vale to create the world's second largest sugar cane processor.

The European Union will on Wednesday approve Britain's plan to break up failed bank Northern Rock, paving the way for a split in early 2010 and the eventual sale of parts of the bank, a source familiar with the situation said.

Volkswagen Chief Executive Martin Winterkorn on Tuesday said the auto maker will decide within the next two weeks on whether it will buy insolvent assembly firm Karmann.

Germany's new government will take a fresh look at the planned sale of carmaker Opel to Canada's Magna and may consider dropping its support for the deal, a member of the trust overseeing Opel said.