IBT Staff Reporter

The U.S. government asked for a reduced sentence on Monday for a former American client of UBS AG who pleaded guilty to tax evasion but provided information leading to the indictment of a Swiss banker and a Zurich lawyer.

Former Bear Stearns hedge fund manager Matthew Tannin won a round during his trial in New York on fraud charges on Monday when a judge ruled the jury cannot see a personal email in which he wrote about his fears of a blow up risk for investors.

Shareholders of Brazil's Cetip raised 881.4 million reais ($508.01 million) in an initial public offering on Monday, underscoring a strong rebound in the country's capital markets and demand for emerging market stocks.

Billionaire investor Nelson Peltz made his name as an activist investor, but his strategy for money manager Legg Mason Inc, where he was named to the board on Monday, is far from obvious.

T-Mobile USA has started offering new service plans including the option of signing up for unlimited services without committing to a long-term service contract as it looks to regain ground lost to rivals.

The Australian Dollar opens lower on Tuesday at 0.9140 as the recent positive sentiment towards high-yielding currencies evaporated overnight as stocks and commodities both declined.

Former Bear Stearns hedge fund manager Matthew Tannin won a round during his trial in New York on fraud charges on Monday when a judge ruled the jury cannot see a personal email in which he wrote about his fears of a blow up risk for investors.

Why use Candlesticks?Provide traders with earlier indication of reversals: Candlestick charts are very effective in signaling potential reversals well before traditional bar or point charts and thus aid traders to time their entries and exits with better timing

Recording artist Lyle Lovett can talk for hours about the musicians he respects and attempts to emulate; men like Townes Van Zandt and Guy Clark.

Madonna launched the construction of a multi-million dollar girls' school she is building in Malawi on Monday and pledged to build similar schools in other countries if the project succeeds.

Sony Corp said on Monday it is partnering with Netflix Inc to provide access to the online movie rental company's library through Sony's PlayStation 3 video game console.

When U2 producer Danny Lanois and the band made The Unforgettable Fire in 1984, they recorded it at an Irish castle because they wanted a place with history, which Lanois said suited him just fine.

Paris Jackson wears her father's shirts every day, but her brother Prince does not want to watch the King of Pop's DVDs. All three of Michael Jackson's kids are in therapy, La Toya Jackson has revealed.

Represents a price level or area where there is more selling pressure than buying pressure and prices cease to advance when they approach this level.

The Australian Dollar opens lower on Tuesday at 0.9140 as the recent positive sentiment towards high-yielding currencies evaporated overnight as stocks and commodities both declined. During Monday's domestic session the unit traded briefly beneath US92 cents as local equities began trade in the red. Australia's PPI (producer price index) at the final stage of production came in slightly below expectation at 0.1 per cent for the September quarter however the local unit was well supported and move...

Stocks fell for a second straight session on Monday as investors ditched home builders and financials on fears that a federal home buyer tax credit might be phased out, while commodity shares succumbed to pressure from the higher U.S. dollar.

China's leading Internet search company Baidu Inc warned that the transition to a new advertising technology would crimp revenue in the current quarter, sending shares plunging 11 percent.

Tyler Perry responded on the TV program 60 minutes to Spike Lee's criticism last May which claimed that Perry's work demeans African Americans.

U.S. stocks fell for a second straight session on Monday as investors ditched home builders and financials on fears that a federal home buyer tax credit might be phased out, while commodity shares succumbed to pressure from the higher U.S. dollar.

The Chicago White Sox are stepping up to the plate in the digital media arena.

Corning Inc said on Monday it expects consumer appetite for flat-screen televisions to be robust through 2010, fueling demand for its specialty glass, and hopes that market prices will mark only mild declines.

U.S. stocks fell for a second straight session on Monday as investors ditched home builders and financials on fears that a federal home buyer tax credit might be phased out, while commodity shares succumbed to pressure from the higher U.S. dollar.

Nissan Motor said on Monday its vehicle sales in China surged 63.8 percent to 75,209 in September, helped by its Teana and Sylphy sedans.

General Motors said Brazil's car market has a very good outlook and the automaker will reinvest profits from the country's unit locally, Chief Executive Fritz Henderson told newspaper O Estado de S. Paulo in an interview on Monday.

French tire manufacturer Michelin SA said it still aims to generate positive free cash flow in the second half as third-quarter sales fell 10.9 percent, narrowly beating forecasts.

Public Option Back in Senate Bill; Signs of End of Recession; Obama's TBTF Plan

Billionaire philanthropist Jeffry Picower accidentally drowned in his Florida swimming pool after suffering a heart attack, police investigating the death of the prominent Bernard Madoff investor said on Monday.

U.S. stocks ended down for a second straight session on Monday as investors ditched shares of financial companies and home builders on fears that a federal home buyer tax credit might be phased out, while commodity stocks wilted under pressure from the stronger U.S. dollar.

Senate Democratic leader Harry Reid said on Monday the Senate's sweeping healthcare reform bill would include a government-run insurance plan that lets states opt out of participation if they choose.