IBT Staff Reporter

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Pakistan bombs militants in South Waziristan

Pakistani aircraft bombed militants in the South Waziristan region on the Afghan border on Tuesday as government forces prepare for a ground offensive against the militant hub, security officials said.

Afghan frustration mounts over vote result delay

Afghan politicians on Tuesday expressed frustration over delays to the outcome of the August presidential election, held up by elaborate efforts to wipe clean the widespread fraud that marred the vote.

Clinton says not yet time for Iran sanctions

U.S. Secretary of State Hillary Clinton said on Tuesday the time had not yet come for more sanctions against Iran over its nuclear program and praised what she said was Russia's help in tackling the issue.

Carly Simon sues Starbucks Corp

Singer Carly Simon is suing Starbucks Corporation blaming the coffee chain for the poor sales in her 2008 album saying the company failed to adequately promote her 2008 album ahead of its release.

North Korea may fire more missiles ahead of talks

North Korea was preparing to fire a fresh barrage of short-range missiles, a report said on Tuesday, in a move seen as an attempt to boost its bargaining position ahead of expected talks on ending its nuclear weapons program.

DJ AM 'Gone too far' series feature moving approach to addicts (VIDEO)

Gone Too Far, the documentary that DJ AM conceived to help eight drug addicts regain their sober life, aired Monday on MTV exposing shocking footage from the extent of an addiction in young adults, to how it perturbs an entire family and how they handle a time given for rehabilitation.

China, Russia bolster ties with gas, trade deals

Russia and China bolstered their close but increasingly imbalanced relationship on Tuesday when Russian Prime Minister Vladimir Putin ushered through a tentative gas supply agreement and deals worth $3.5 billion.

Fiat West Europe Sept sales up 14.8 pct

Italy's Fiat (FIA.MI) car sales in Western Europe in September will increase 14.8 percent from the same month last year, to 106,100 units, the director of research group IHS Global Insight, Pierluigi Bellini, said on Monday.

UNG mulls investment in interests outside futures

United States Natural Gas Fund, an exchange-traded fund in the natural gas market, reiterated on Tuesday that it could invest in interests other than futures contacts to comply with accountability levels and position limits.

Fluid on the lungs killed Boyzone singer

A post mortem carried out on Boyzone singer Stephen Gately on the Spanish island of Majorca revealed on Tuesday that he died of fluid on the lungs, a court official said on Tuesday.

Dollar Thrifty cuts Chrysler purchases, costs

Dollar Thrifty Automotive Group Inc (DTG.N) said on Monday it would slash its 2010 car rental purchases from Chrysler and that its average fleet costs had stabilized at levels it hoped to maintain next year.

Siding with U.S., BarCap warns on AAU carbon trade

Extending the trade in sovereign emissions rights into a new global climate pact could deter investment in clean energy projects post-2012, Barclays Capital said on Tuesday, siding with the U.S. view on the matter.

India Sept car sales rise 21 pct y/y

Car sales in India rose an annual 21 percent in September for their eighth straight rise, with industry officials expecting continued robust growth as the economy improves and consumer confidence grows.

BofA agrees to give more details on Merrill

Bank of America Corp agreed to give federal authorities more information about why it refrained from disclosing details about Merrill Lynch's performance before it bought the investment bank, U.S. regulators said on Tuesday.

Capmark Financial bankruptcy due soon: source

Capmark Financial Group Inc., the commercial real estate company created through a 2006 leveraged buyout of certain GMAC assets, is preparing to file for bankruptcy possibly by the end of next week, according to a source with direct knowledge of the situation.

China auto market likely to slow after record 2009

Chinese car sales soared to a record in recent months on government incentives, but the same money tap that turbocharged sales could easily be turned off in 2010 if Beijing frets about an overheating economy.

Brazil Cetip aims to fetch $576 mln in IPO

Brazil's Cetip, Latin America's largest clearing house, anticipates fetching up to 1 billion reais ($576 million) in an offering of stock, underscoring the growing appetite for the nation's booming securities industry among local and foreign investors.

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