IBT Staff Reporter

The Federal Reserve will have to act quickly, and perhaps aggressively when the time comes to pull back its extraordinary support for markets in order to avoid stoking inflation, the president of the Federal Reserve Bank of Philadelphia said on Tuesday.

U.S. chipmaker Micron Technology Inc posted a narrower-than-expected quarterly loss as improving demand boosted sales and prices, but its shares gave up initial gains as investors locked in profits.

Toyota Motor Corp said on Tuesday it will recall some 3.8 million vehicles in the United States because of the risk that a loose floormat could force down the accelerator, a problem suspected of causing crashes that have killed five people.

CIT Group Inc is nearing a plan that likely would hand the struggling commercial lender over to its bondholders, the Wall Street Journal reported Tuesday.

CIT Group Inc is negotiating a new credit facility of up to $10 billion that could help the finance company pay off maturing debt and stave off bankruptcy, people familiar with the situation said.

CIT Group Inc is nearing a plan that likely would hand the struggling commercial lender over to its bondholders, the Wall Street Journal reported Tuesday.

The current boom in U.S. initial public offerings does not signal a free-for-all for prospective companies, which are closely watching the mixed performance of IPOs this week and last, the head of listings at the New York Stock Exchange parent company said on Tuesday.

Have you ever seen the movie Dangerous Beauty? If you haven't, well, I highly recommend it. But here is my point: one of the best quotes ever about sexuality comes from the heroine in this film. She's a sacred prostitute or courtesan. She's brilliant and versatile and a connoisseur of passion and of life.

Fortescue Metals Group Ltd, Australia's third-largest iron ore miner, has missed a Sept 30 deadline to arrange financing with Chinese investors but remains in talks to reach agreement, the firm said on Wednesday.

Here is a question that, in some form or another, I get asked quite often. I'm sure it will look familiar to many of you: My problem is quite personal. My height is 6 ft., but the size of my penis is only 4 inches after erection. I am very tense about this. Can you help me?

Hewlett-Packard Co is considering a plan to reorganize the company and combine its printer and personal computer units, the Wall Street Journal reported on Tuesday.

Microsoft Corp paid its chief executive Steve Ballmer 5.5 percent less for the last fiscal year as the world's biggest software company suffered its first ever drop in annual sales.

On a scale of 1 to 10, where do you put your self-knowledge about sex? If you were lucky, someone more knowledgeable than you taught you a little bit about it. But if you were not, like most of us, you may not rate yourself very high on this scale. And how do we KNOW we're good at loving? Most of us haven't had many lovers, or maybe none yet, so how do we learn the finer points of Love and Sex?

Ah, in a perfect world this is the way it would be. We would be so in love that we couldn't wait to see each other; to smother each other in kisses and caresses; to tell each other of our day with all its intimate hurts and little glories.

Hewlett-Packard Co is considering a plan to reorganize the company and combine its printer and personal computer units, the Wall Street Journal reported on Tuesday.

Microsoft Corp did not infringe a patent held by anti-piracy software maker Uniloc Inc, a federal judge ruled on Tuesday, nullifying an earlier $388 million damages award against Microsoft.

How do you become the initiator of more adventurous sex? So many women and sometimes men have to get their arms twisted before they get intimate. Their submissive roles in the bedroom never change. Why is it important to break out of this role sometimes, and how can you do it?

Citigroup Inc, the third largest U.S. bank, should expand its operations in China, according to a Chinese regulator cited by The Wall Street Journal on Tuesday.

Ladder Capital Realty Finance Inc shelved its planned initial public offering indefinitely, becoming the latest mortgage real estate investment trust (REIT) to struggle in its efforts to come to market.

U.S. chipmaker Micron Technology Inc posted a narrower-than-expected quarterly loss on Tuesday due to improved demand for memory chips, boosting its shares 3.2 percent.

Nike Inc beat quarterly profit expectations as deep cost cuts and lower taxes more than offset crumbling revenue in key markets like the United States and China, sending its shares up 4.4 percent.

Coca-Cola Co and its largest independent bottler, Coca-Cola Enterprises Inc, are mounting a campaign against a possible U.S. tax on soft drinks.

The Australian Dollar maintained its upward momentum against the Greenback during local trade yesterday, spurred on by an increase in the local equity market and the continuing news that interest rates are tipped to rise in Australia.

Fourteen people died in American Samoa on Wednesday after five tsunami waves hit the island, Reuters reported citing a local radio announcer.

Dell Inc on Monday unveiled its latest high-end, ultra-thin personal computer, bringing some fresh design appeal to its enterprise models.

Google Inc is in the early stages of looking at ways to write software that would fully integrate plug-in hybrid vehicles to the power grid, minimize strain on the grid and help utilities manage vehicle charging load.

U.S. bookseller Borders Group Inc said on Tuesday that it will provide free wireless Internet access in about 500 of its U.S. stores as it works to lure more consumers to its brick-and-mortar shops.

Hip hop artist and fashion mogul Sean 'Diddy' Combs has signed with Universal Music Group's Interscope Geffen A&M label in a deal which includes his future albums and creates a new joint venture with Combs' Bad Boy label.

U.S. house prices rose for a third month in July, but consumer confidence fell unexpectedly in September as the worst job market in 26 years fueled worries about personal finances, private reports showed on Tuesday.