IBT Staff Reporter

MSC Software Corp, a simulation and software services company, said it received a revised offer of $8.15 per share from a group of private equity firms after Maximus Holdings raised its offer to $8.

Duke Energy Corp picked Convergys Corp to provide billing and customer management solutions in support of the utility's smart grid initiative for its four million electric and gas customers in five states, the companies said in a release Tuesday.

Deutsche Telekom has not taken a decision on any option that could change its position in the U.S. market and is not planning to do so in the immediate future, two sources familiar with the company said.

Federal Reserve Chairman Ben Bernanke said on Tuesday that the worst U.S. recession since the Great Depression was probably over, but the recovery would be slow and take time to create new jobs.

Grand Canyon Education Inc said its share offering was priced at $16.50 a share, at par with the stock's last closing price.

South Africa's communications regulator said on Tuesday it was unsure if mobile phone group MTN's proposed tie-up with India's Bharti Airtel would get approval before the end of the year.

MTS, Russia's top mobile operator, said on Tuesday it had decided not to bid for a 51 percent stake in Kazakh provider Mobile Telecom Service.

NTT DoCoMo, Japan's biggest mobile operator, will sell its 16.5 percent stake in cell phone company U Mobile this month, pulling out of the Malaysian market.

Bank of East Asia Ltd (BEA), Hong Kong's fifth-biggest lender, plans to buy a minority stake in Golden Eagle Asset Management Co, seeking to tap rising Chinese demand for wealth management services, two people familiar with the situation said on Tuesday.

MarkWest Liberty Midstream & Resources LLC said it has agreed with units of Chesapeake Energy Corp and Statoil Hydro ASA to process gas at its new Majorsville processing plant in West Virginia.

U.S. Vice President Joe Biden arrived in Iraq on an unannounced visit on Tuesday to keep up U.S. pressure on Iraq's leaders to reach political compromises on thorny issues as U.S. combat troops prepare to go home.

Real estate equity funds dominated Lipper's ranking of top-performing funds in August, as expectations of an impending property market recovery prompted a rally in European property stocks. Of the top 20 UK-registered equity funds ranked by fund tracker Lipper, a unit of Thomson Reuters, 11 were real estate funds of which nine are invested in the UK or Europe.

Old people who are physically active are apt to live longer than their couch-potato peers, and are more likely to maintain their independence, new research from Israel shows.

U.S. envoy George Mitchell and Israeli Prime Minister Benjamin Netanyahu ended more than two hours of talks Tuesday without any sign of a deal on a settlement freeze crucial to restarting Middle East peace talks.

The world's airlines are expected to post losses totaling $11 billion this year as weak passenger traffic and cargo demand pressure revenue, the International Air Transport Association said on Tuesday.

A partial recount ordered to prevent fraud in last month's Afghan presidential election will cover more than 10 percent of polling stations, the head of a U.N.-backed watchdog said on Tuesday.

U.S. stocks were little changed on Tuesday after disappointing earnings from electronics retailer Best Buy and supermarket chain Kroger and stronger-than-expected retail sales and producer price data failed to move investors.

Google Earth is now allowing its users to not only just see land and sea, but also crop circles.

Ninety percent of American adults have at least one risk factor for heart disease, researchers reported on Monday.

An Iraqi reporter who shot to worldwide fame when he hurled his shoes at then U.S. President George W. Bush was released from prison on Tuesday.

Depression can affect the likelihood of surviving cancer, but there is no clear association yet with how quickly the cancer progresses, according to a report published on Monday.

Somalia's al Shabaab insurgents denounced a U.S. commando raid that killed one of Africa's most wanted al Qaeda suspects and vowed on Tuesday to continue their fight against Western nations.

Nations aiming to agree on a new global climate deal should focus on achievable greenhouse gas emissions targets, to involve as many nations as possible, said U.S. Energy Secretary Steven Chu.

Iranian nuclear energy chief Ali Akbar Salehi said he had agreed new measures of cooperation with U.N. inspectors during talks on Tuesday with the director of the International Atomic Energy Agency.

Negotiators on the U.S. Senate Finance Committee worked to pare the costs and complete the details of a broad healthcare overhaul on Monday, with chairman Max Baucus saying he was still on track to produce a bill this week.

NEW YORK - U.S. copper futures headed higher at the open on Tuesday, after upbeat reports of rising retail sales and producer prices reinforced optimistic views about the economic recovery.

For a young designer, having a collection at New York's Fashion Week is usually a sign that they've made it.

Sales at U.S. retailers rose at their fastest pace in three-and-half years in August as government-sponsored auto incentives buoyed demand for motor vehicles, according to data on Tuesday that also showed strong sales outside the auto sector.

Japan's incoming prime minister Yukio Hatoyama will pick a veteran lawmaker for finance minister, domestic media said on Tuesday, adding experience and fiscal caution to his untested party's line-up.