IBT Staff Reporter

A rich asking price could once again sink AIG's plan to sell its Taiwan insurance unit after an attempt at a sale earlier this year met a similar fate.

U.S. President Barack Obama, looking to jump-start the stalled Middle East peace process, will hold talks Tuesday with Egyptian leader Hosni Mubarak, who Washington hopes can help to get things moving.

Schaeffler announced a 12 billion euro ($17 billion) refinancing deal on Tuesday that eases the German ball-bearing maker's debt problems and moves it a step closer to merging with Continental AG.

Stocks rose on Tuesday after better-than-expected results from retailers Home Depot Inc and Target Corp offset a surprise drop in housing starts.

A senior Iranian official said Tehran was ready for negotiations with the West on its disputed nuclear program based on mutual respect and without preconditions, state television reported on Tuesday.

Upscale department store operator Saks Inc posted a wider quarterly loss on Tuesday as well-heeled shoppers held back from pricey purchases in the recession.

Drug wholesaler Cardinal Health Inc posted a 14 percent decline in quarterly net profit on Tuesday, hurt by costs related to its spin-off of its medical technology company CareFusion.

Software developers will be able to start charging for applications downloads to Palm Inc's high-profile Pre smartphone with the company's launch of an e-commerce beta program set to start in mid-September.

Poised for Recovery, Big Gas Deal, Stocks Hit Wall

In his first role since last summer's hit

Oil pared gains and stood below $67 a barrel on Tuesday as weak headline U.S. housing data renewed doubts over the pace of economic recovery in the world's largest energy user. Investors were also awaiting weekly U.S. fuel inventory reports due later on Tuesday and Wednesday, expected to show crude stockpiles have risen for the fourth straight week.

Albert Gonzalez is the mastermind behind what authorities have reported as the largest hacking and identity theft case ever in U.S. history.

Three men were indicted on Monday for allegedly stealing more than 130 million credit and debit card numbers in what U.S. authorities said they believe is the largest hacking and identity theft case ever prosecuted.

Robert Redford is visiting the land of Lincoln. The actor/filmmaker, who has an acute interest in political topics, will direct the historical drama

Qwest Communications International Inc said on Tuesday that it would discontinue its own-brand wireless service at the end of October and started telling customers they need to switch to another service.

Apple Inc is investigating media reports that one or more of the company's iPhones have exploded in Europe, a European Commission spokeswoman said on Tuesday.

Buddhist monks and Catholic nuns boost their brain power through meditation and prayer, but even atheists can enjoy the mental benefits that believers derive from faith, according to a popular neuroscience author.

Stock index futures pointed to a flat to slightly higher open on Tuesday after a surprise drop in housing starts offset better-than-expected results from retailers Home Depot Inc and Target Corp .

Drug wholesaler Cardinal Health Inc posted a 14 percent decline in quarterly net profit on Tuesday, hurt by costs related to its spin-off of its medical technology company CareFusion.

A widely used blood pressure drug may hold promise as a treatment for multiple sclerosis, U.S. researchers said on Monday.

Binge drinking is usually seen as a problem of college campuses, but many older adults may be overindulging in alcohol as well, a study published Monday suggests.

The new director of the U.S. National Institutes of Health, Dr. Francis Collins, has one main goal for the giant research agency -- getting more money.

U.S. producer prices fell by a larger-than expected amount in July and notched a record decline compared with a year earlier as gasoline prices plummeted, government data on Tuesday showed.

Sweden's Koenigsegg and U.S.-based General Motors said on Tuesday they had inked a deal for the niche sports car maker to buy loss-making Saab Automobile.

Older people poorly understand most of the important warning signs of stroke and factors that increase risk for this medical emergency, researchers from Dublin, Ireland, have found.

New U.S. housing starts and permits unexpectedly fell in July, pulled down by steeper declines in multifamily units, a government report showed on Tuesday.

Target Corp reported its eighth consecutive drop in quarterly profit, but the results were better than Wall Street had expected as the No 2 U.S. discount retailer cut costs and stocked less merchandise.

Lawmakers debating an overhaul of the U.S. healthcare system are focusing on proposals that would form healthcare cooperatives to help provide medical coverage.