IBT Staff Reporter

Shares of Peak Sport Products Co tumbled 17 percent on Tuesday, in the worst debut of a Hong Kong IPO in the current wave of offerings.

South African President Jacob Zuma on Tuesday urged police officials from across the country to crack down harder on one of the world's highest rates of violent crime, and shoot to kill if needed.

International Coal Group Inc said it has agreed with its lenders to amend a credit agreement to address certain covenants scheduled to tighten in 2010.

Shares in Oil India are expected to rise 5 to 7 percent on debut on Wednesday following lukewarm starts by two recent large listings, although traders said firm demand for the stock should help it hold on to gains.

Gannett Co Inc forecast third-quarter earnings far stronger than analyst estimates, sending its shares soaring, as cost cutting is helping it soldier through a tough, albeit improving, advertising market.

The following are planned mergers under review by the European Commission and a brief guide to the EU merger process:

If President Barack Obama decides to send 30,000 to 40,000 more U.S. troops to Afghanistan, he will be doing it against the advice of some advisers and leading Democrats in Congress.

Hedge fund manager John Paulson is considering merging troubled U.S. finance company CIT Group Inc with failed mortgage lender IndyMac Federal Bank, the New York Post said, citing people familiar with the matter.

Vodafone, the world's largest mobile operator by revenue, has finally sealed a deal to sell Apple's iPhone in Britain from 2010, it said on Tuesday -- a move that could spark a price war over the popular device.

A roadside bomb killed 30 people in southern Afghanistan on Tuesday, officials said, in the deadliest strike on civilians since a NATO air raid earlier this month.

Prime Minister Gordon Brown will promise Tuesday to clean up British politics, get tough on crime and heal the economy, in a blizzard of policy moves aimed at avoiding a crushing election defeat next year.

Federal Deposit Insurance Corp staff recommended on Tuesday that the agency get banks to prepay three years of fees to help cover the cost of bank failures, expecting a $100-billion cleanup bill through 2013.

Philippine authorities braced on Tuesday for another storm as the toll from rain and floods from a weekend typhoon, now bearing down on Vietnam, rose to 246 dead while damages climbed to nearly $100 million.

The Netherlands is looking into options to sell Fortis Bank Nederland assets to French bank BNP Paribas as part of a merger remedy ordered by the European Commission, a source said on Tuesday.

French nuclear reactor maker Areva said on Tuesday it had selected three potential buyers for its power transmission and distribution (T&D) business, confirming a Reuters report.

Shortly after the Communist Party took power in China, capitalists in Shanghai paraded through the streets with drums and flags, asking the Party to take over their businesses.

Royal Bank of Canada said on Tuesday it reached a deal to buy JPMorgan Chase & Co's investment adviser servicing business, the latest step by RBC to expand its U.S. wealth management division.

Iran said on Tuesday it would refuse to discuss a newly declared nuclear plant at forthcoming international talks and cautioned Western powers it could curb cooperation further if they repeated past mistakes.

Private equity firm Kohlberg Kravis Roberts & Co has appointed a head of investor relations for the first time, as the firm readies itself to become a publicly listed company.

Days before the highly anticipated pricing for Wynn Macau's $1.6 billion public offering, Hong Kong's soaring IPO market is sputtering, with sportswear company Peak Sport the latest weak debut.

UBS AG's U.S. wealth management unit Paine Webber is not a core part of the bank's operations but will not be sold at present, UBS Chief Executive Oswald Gruebel was quoted saying in the FT.

U.S. consumer confidence fell unexpectedly in September as the worst job prospects in 26 years fueled worries over personal finances, according to a report released on Tuesday.

JPMorgan Chase & Co's co-chief executives of its investment bank have been replaced by Jes Staley, current head of the No. 2 U.S. bank's asset management unit, possibly putting him in a position to succeed CEO Jamie Dimon.

Iranian students chanted anti-government slogans to protest a minister's visit to their university in Tehran Tuesday, a reformist website reported.

Part of the appeal of electronic medical records is that they can help doctors keep track of test results and avoid medical errors, but a study released on Monday suggests that doctors sometimes ignore electronic warnings about abnormal test results.

U.S. home prices in July rose for the third straight month, surpassing forecasts and suggesting that the housing market is stabilizing after a three-year plunge.

Wireless carrier AT&T and navigation device maker Garmin said the G60 nuvifone will be available beginning Oct. 4 to AT&T customers in the U.S. at AT&T stores and online from the carrier's website.

Metals processor Reliance Steel & Aluminum Co said on Tuesday it expects third-quarter earnings to be higher than current Wall Street expectations due to higher prices and increased profit margins.

Doctors do not involve men enough in discussions about whether to undergo screening for prostate cancer, U.S. researchers reported on Monday.