IBT Staff Reporter

Oil hit $75 for the first time in 10 months on Tuesday, recouping earlier losses in line with equity markets on data that showed U.S. house prices climbed and consumer confidence rose to the strongest since May.

Medical device maker Medtronic Inc said on Tuesday quarterly earnings fell 38 percent due to restructuring and litigation charges.

The American Heart Association's recommendation on Monday to cut back dramatically on sugar may be a blow or opportunity for soft drink makers, who have been accused of helping fuel the U.S. obesity epidemic.

The total value of distressed commercial real estate reached $114.2 billion in August, according to the latest issue of the quarterly Distressed Commercial Real Estate Journal. The journal is published by the Distressed Asset Recovery Team--a consultancy formed earlier this year by Beers and Cutler, Delta Associates, Fore Consulting, and BlackwellAdvisors--and uses data provided by several firms i...

China's IP address will be used up in two or three years as the number of internet users keeps soaring, People's Daily reported on Monday, citing a Chinese expert.

The long-distance joggler understands better than most that the race is not always to the swiftest.

The Hanover Marriott, an upscale hotel on Route 10 in the Whippany section of the township, has been sold for $27 million to HEI Hotels & Resorts, which will invest $20 million to fully renovate all public and private spaces of the 353-room hotel, according to the NJBIZ reports.

U.S. auto giant Chrysler has not signed a deal with Fiat's Chinese partner Guangzhou Auto [GAIGPA.UL] to produce Jeeps in China, a Chrysler spokesman said on Tuesday, after media reported there was an agreement.

U.S. consumer confidence climbed more than expected in August on an improved outlook on the job market and the overall economy, according to a private report released on Tuesday.

German government officials met with General Motors' top negotiator on Tuesday, hoping to get answers on why the U.S. carmaker has so far failed to choose a buyer for its European unit, Opel.

U.S. internet powerhouse Yahoo said on Tuesday it is acquiring Maktoob.com, one of the Arab world's largest online portals, in a bid to tap into the Arab region, making Yahoo available in Arabic.

Americans need to cut back dramatically on sugar consumption, the American Heart Association said on Monday in a recommendation that is likely to rile food and beverage companies.

General Motors' chief negotiator in the sale of Opel will on Tuesday meet a task force created by the German government to discuss the U.S. carmaker's plans for the European unit, a German politician said.

Asia is going to be way short of the new H1N1 vaccine to fight swine flu when the next surge of infections hits during the cold season this year, a spokesman for the World Health Organization said on Tuesday.

Perhaps the most remarkable thing about online networking is the wide range of reactions it stirs up. Some real estate professionals swear by it. Others say it's a diversion at best-and an utter waste of time at worst.

Bollinger Bands are a technical trading tool created by John Bollinger in the early 1980s. They arose from the need for adaptive trading bands and the observation that volatility was dynamic, not static as was widely believed at the time. The purpose of Bollinger Bands is to provide a relative definition of high and low. By definition prices are high at the upper band and low at the lower band.

Israeli aircraft bombed a tunnel under the border between the Gaza Strip and Egypt on Tuesday, killing three Palestinians inside, medical workers said.

Iran has not expanded the number of centrifuges enriching uranium at its Natanz nuclear site since the end of May after increasing capacity steadily over the previous three years, diplomats said.

A New York court has partly denied motions by polysilicon maker MEMC (WFR.N) against Conergy (CGYG.DE), a small victory for the German solar group in the two companies' ongoing legal battle.

Chinese President Hu Jintao visited the restive region of Xinjiang this week for the first time since the July 5 riots, urging officials to maintain stability, state television said on Tuesday.

South Korea launched its first space rocket on Tuesday but failed to put a scientific satellite into its planned orbit in a setback for the country's nascent space program.

North Korea has invited the U.S. envoy overseeing ties with the prickly state to visit for nuclear talks next month, South Korean media said on Tuesday, reaching out to Washington as the United States pushes sanctions against Pyongyang.

Four U.S. servicemen were killed by a roadside bomb in Afghanistan on Tuesday, making 2009 the deadliest year for the growing contingent of foreign troops since the overthrow of the Taliban in 2001.

Federal Reserve Chairman Ben Bernanke said on Tuesday that he would work to build a solid foundation for growth and prosperity in an environment of price stability, if he was confirmed for a second term.

U.S. Senate Banking Committee Chairman Chris Dodd promised on Monday a thorough and comprehensive hearing on the renomination of Federal Reserve Bank Chairman Ben Bernanke.

Ben Bernanke, whose four-year term as the head of the U.S. central bank ends on January 31, will be nominated for a second term, a senior Obama administration official said on Monday.

Close-out retailer Big Lots Inc posted a higher-than-expected quarterly profit on tight expense controls on Tuesday and forecast a full-year profit that might exceed Wall Street estimates.

An Iranian prosecutor called on Tuesday for maximum punishment of a senior reformer for acting against national security, a crime punishable by death, in the fourth mass trial of moderates after the disputed election.

Thai integrated circuit packager Hana Microelectronics PCL HANA.BK said on Tuesday that its 2009 revenue could fall by less than the 25-30 percent expected previously, and it forecast better profits for the second half.