IBT Staff Reporter

The near collapse of the global financial system, which wiped out trillions in corporate value and personal savings, may be giving way to a new golden age for private equity investment, Silver Lake Co-CEO Glenn Hutchins said in an interview on Tuesday.

Bank of America has agreed to turn over more documents to a congressional probe of its purchase of troubled investment bank Merrill Lynch, although some company material remains under wraps for now, a senior lawmaker said on Tuesday.

World leaders tried to inject momentum into climate change talks on Tuesday but new proposals by China and a rallying cry from U.S. President Barack Obama did little to break a United Nations deadlock.

The 234th season of Russia's world-famous Bolshoi Theater opened Tuesday with chaos, tragedy, betrayal and strife.

A pharmacist asked to provide powerful medications for late Playboy model Anna Nicole Smith described the combination of drugs as a prescription for pharmaceutical suicide and refused to fill the order, according to court documents released on Tuesday.

Actress Heather Locklear, who played a scheming advertising executive in 1990s drama Melrose Place, is reprising the role in the new version of the show, the CW television network said on Tuesday.

Genetic-testing specialist Qiagen is buying its British peer DxS Ltd to expand its cancer diagnostics business and will raise its capital to fund the deal and possibly further takeovers.

Blackstone Group LP won dismissal on Tuesday of an investor class-action lawsuit accusing the private equity firm of failing to disclose prior to its 2007 initial public offering that some of its holdings were losing value.

Al Qaeda's number two Ayman al-Zawahri appeared on Tuesday in an apparent new video marking the September 11, 2001 attacks against the United States, according to the SITE Institute, a U.S.-based terrorism monitoring service.

Mackenzie Phillips will reveal an explosive family secret she has kept for 31 years to Oprah in an exclusive interview to be aired on Wednesday.

Nasdaq OMX Group Inc Chief Executive Robert Greifeld said the quality of companies trying to sell their shares to the public is improving as the long-shuttered IPO market returns to life.

Lithium-ion car battery maker A123 Systems Inc on Tuesday raised the estimated price of its initial public offering by 23 percent and now expects proceeds of about $276 million.

California utility company PG&E Corp said it is quitting the U.S. Chamber of Commerce in protest over the business lobby group's extreme position on climate change.

Fisker Automotive was awarded a $528.7 million U.S. government loan on Tuesday for development of gas-electric hybrid plug-ins.

Honduran security forces clashed on Tuesday with thousands of supporters of ousted President Manuel Zelaya outside Brazil's embassy, where he took refuge after slipping back into the country aiming to retake power.

During his presidential campaign Barack Obama experienced women pushing their bodies against his, slip phone numbers into his pockets and whisper suggestions in his ear, a new book today claims.

An impatient U.S. President Barack Obama scolded Israeli and Palestinian leaders on Tuesday for not doing more to unblock the peace process and urged them to relaunch negotiations soon.

The U.S. securities regulator warned Congress on Tuesday that parts of the $450 trillion private swaps market could still fall through regulatory cracks under the Obama administration's financial reform plan.

Stocks rose on Tuesday, as investors bet the U.S. Federal Reserve will stick to its accommodative policy to foster economic recovery, boosting growth-sensitive sectors such as financials, technology and industrials.

Google said Tuesday that it will add push Gmail support to the iPhone, iPod Touch and Windows Mobile devices, with help from Microsoft.

The Federal Reserve opened a two-day meeting on Tuesday that was expected to end with a recognition the U.S. economy is on the mend, but no hint of an imminent monetary policy shift.

Twitter has no plans to put advertisements on the popular microblogging site this year, co-founder Biz Stone said on Tuesday, amid a growing push for the 2-year-old Internet sensation to begin making money

Health insurer WellPoint Inc is weighing more job cuts as it grapples with enrollment declines stemming from the weak U.S. economy, and looks to operate more efficiently next year.

Boeing Co's carbon-composite 787 Dreamliner is set to fly in the fourth quarter. The test flight, now two years behind schedule, could be vindication for Boeing, which hopes to repair its credibility after the delays.

Assessments President Obama's seven month old $787 billion economic stimulus package are now being proffered by think tanks who say it is too soon to make a determination and detractors noting tha ongoing job losses.

Palm Inc shares jumped to their highest level in nearly two years on Tuesday, fueled by short covering and renewed speculation that the smartphone maker may be a takeover target.

Former model Anna Nicole Smith was prescribed with pharmaceutical suicide by psychiatrists, a pharmacist said according to court documents obtained, the L.A. Times reported Tuesday.

Stocks rose on Tuesday, as investors bet the Federal Reserve will stick to its accommodative policy to foster economic recovery, boosting growth-sensitive sectors such as financials, technology and industrials.

Commercial airline customers are accustomed to flight delays -- but two years?