IBT Staff Reporter

UnitedHealth Group Inc and former chief executive William McGuire will pay $925 million to resolve an investor class-action lawsuit accusing the health insurer of improperly backdating stock options.

Applied Materials Inc , the world's largest producer of chip-making gear, said it would at least break even this quarter, thanks to new orders and deep cost cuts, sending its shares up almost 4 percent.

The Japanese yen rose broadly on Tuesday as investors bought the low-yielding currency as U.S. stocks declined and on rising risk aversion after disappointing economic data from China.

The Chevrolet Volt, the electric car General Motors Co is counting on to revitalize its lineup, is on track to achieve an unprecedented fuel economy rating of 230 miles per gallon in city driving, GM said on Tuesday.

President Barack Obama said Tuesday he was concerned about an American citizen who was sentenced to seven years of hard labor by the Myanmar junta.

The Chevrolet Volt -- the electric vehicle General Motors Co [GM.UL] is counting on to recharge its image with consumers -- is on track to hit an unprecedented fuel economy rating of 230 miles per gallon in city driving, the automaker said on Tuesday.

(Corrects name in paragraph 7 to Krebs instead of Kreb)

Britain's Royal Opera House wants Twitter users to help create the world's first online opera.

German Chancellor Angela Merkel said on Tuesday that she was ready to intervene personally to support auto parts group Magna's bid for carmaker Opel.

General Motors Co and eBay Inc are launching a test program in California that will allow consumers to negotiate with dealers and buy new vehicles online, the companies said on Monday.

The Perseid Meteor Shower which happens every August is expected the best time to watch on 11-12 August, Tuesday night and early Wednesday morning.

Microsoft Xbox team has released a system update featuring new improve entertainment experience, express individuality and connect with friends.

Despite government rebates for hybrids offered to consumers in U.S. and Canada, the programs are failing to produce environmental benefits, yet the programs continue to cost consumers.

Lehman Brothers Holdings Inc can pursue claims on assets in a bankruptcy case expected to set a precedent for treatment of derivatives in complex investment products, a New York court said on Tuesday.

Frank DiPascali, 52, a long time employee and finance chief at Bernard Madoff's investment firm pleaded guilty to 10 counts of fraud in helping his former boss carry out a $65 billion Ponzi scheme.

The world's largest chip equipment maker, Applied Materials Inc , sharply narrowed its quarterly loss on better-than-expected revenue on Tuesday, thanks to a strong jump in new orders and deep cost cuts, sending its shares up 1.6 percent.

President Barack Obama held a town hall meeting at Portsmouth High School in Portsmouth, New Hampshire on Tuesday.

Bernard Madoff's long-time deputy, Frank DiPascali, Tuesday pleaded guilty to crimes including helping others carry out Wall Street's biggest investment fraud.

Soros Calls Bottom; Madoff Partner Charged, Cost of Using GM's Volt?

Eunice Kennedy Shriver, who emerged from a powerful male-dominated political family to found the Special Olympics and become a leading advocate of the mentally disabled, died on Tuesday at the age of 88.

Google promises that the new search tool - codename Caffeine - will improve the speed, accuracy, size, and comprehensiveness of Google search.

General Motors announced today that the Chevrolet Volt extended range electric car due out late 2010, would get an official EPA rating of more than 230 Miles Per Gallon in city driving. Duke Energy Corp, signed a memorandum of understanding with Chinese Huaneng Group to develop carbon capture and sequestration technologies.

The U.S. Treasury Department should consider expanding programs to cleanse troubled assets from bank balance sheets if current efforts fail to restart markets or if economic conditions worsen, a U.S. bailout watchdog panel said on Tuesday.

U.S. output per worker rose at its fastest pace in six years during the second quarter as businesses wrung more productivity from fewer staff in a sign that a recovery from recession will be slow and unlikely to create a surge in hiring.

Google secret project search engine infrastructure dubbed as Caffeine has revealed and is now open to the public for testing and real-time experience letting users to send feedback between the difference of Caffeine search engine and the ongoing live search engine of Google.

The Obama administration's plan to crack down on the $450 trillion over-the-counter derivatives market would require financial regulators to supervise the dealers of the private contracts.

Dell Inc on Tuesday unveiled a line of Nickelodeon co-branded personal computer for children, the first in a series of branding deals intended to galvanize its consumer business.

China notebook of light weight and mobility took a major attraction in the market due to demand in low pricing pressure, according to market research firm DRAMeXchange on Tuesday.

With the airlines adding high 'fuel surcharges' to the cost of expensive peak-season plane tickets, and an exchange rate situation that has gone from sad