IBT Staff Reporter

Apple might be close to announcing a partnership with Verizon Wireless so that the data-centric iPhone will be offered through a new wireless provider, giving the public the an option of a choice of wireless providers besides AT&T, according to UBS Investment Research analyst Maynard Um.

European gasoline prices eased on Tuesday, dropping away from their highest level this year as the lack of export opportunities to the United States and a drop in crude futures weighed on prices. The market took some support from lower stockpiles of the motor fuel in Europe, as refiners continue to restrict output due to the drop off in demand during the recession, while traders were also eyeing exports to West Africa.

Solar cell manufacturing capacity will grow 56 percent in 2009 despite weakened demand for renewable energy projects in the face of tight credit markets and a global economic recession, a report issued on Monday by research group DisplaySearch said.

Cutting greenhouse gas emissions to slow global warming and adapting to impacts such as droughts and rising sea levels are likely to cost about $300 billion a year, the top U.N. climate change official said.

After General Motors said today its plug in electric car, the Chevy Volt, would have a range of 230 miles per gallon in city driving, interest grew about whether its price tag of around $40,000 will truly bring savings to consumers savings on a daily basis.

Oil prices fell on Tuesday as doubts resurfaced over the pace of economic recovery after data showed another drop in U.S. wholesale business inventories and the U.S. government revised lower its forecast for global oil demand.

White House economic adviser Larry Summers said on Tuesday the foundations for a return to growth had been laid and there were many signs economic life was getting back to normal.

Stocks fell on Tuesday after a prominent banking analyst warned the sector's fundamentals have yet to improve, and an unexpectedly large drop in wholesale inventories raised worries about an economic recovery.

Obama Attacks Health Firms; Madoff's Accomplice?; VMware's Big Grab

White House advisers said on Tuesday that a foundation for U.S. economic recovery was being laid, but it will be a slow process.

The U.S. economy has hit bottom and the current quarter will see positive growth due to the government's stimulus spending, billionaire financier George Soros said on Tuesday.

Flip through any travel magazine for safari inspiration and you'll likely start to give up hope that you can ever afford it.

We travelers are blessed with endless sources of literary inspiration for our myriad wanderings. Certain characters jump off the page and seem to almost lead us along by hand-pausing now and again to whisper sage advice in our ears.

Bernard Madoff's longtime deputy Frank DiPascali was charged with 10 criminal counts and is expected to plead guilty later on Tuesday for his role in Wall Street's biggest investment fraud.

Shares of CIT Group Inc sank 20 percent on Tuesday after the troubled lender delayed filing its second-quarter report with regulators and again warned it may have to file for bankruptcy.

Visa Inc and MasterCard Inc, the world's largest credit card networks, are counting on foreign markets for the growth that recession-bound U.S. consumers have been unable to provide.

Receiving a diagnosis of breast cancer is a fear shared by millions of women. It doesn't matter their age, race, ethnicity, or other factors; this is something all women have in common.

Bank of America Corp will likely face more embarrassing disclosures about bonuses paid at Merrill Lynch & Co after a federal judge refused to rubber-stamp a settlement over the $3.6 billion of payouts.

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

Stocks slid on Tuesday after a prominent banking analyst warned that the sector's fundamentals have not yet improved, sparking a sell-off in bank shares.

Twilight actress Ashley Greene's scandal pictures and photos are said to have been spreading all over the internet like wildfire.

A court in army-ruled Myanmar on Tuesday sentenced opposition leader Aung San Suu Kyi to 18 months in detention, a verdict that drew condemnation abroad and will keep her off the political stage ahead of next year's elections.

Bernard Madoff's long-time right-hand man, Frank DiPascali, should be released on $2.5 million bond and his travel restricted following an expected guilty plea to criminal charges later on Tuesday, according to a proposal by U.S. prosecutors and his lawyer.

President Barack Obama will seek to counter an onslaught of conservative opposition to his efforts to overhaul the U.S. healthcare system by taking his message to a town hall meeting with the public on Tuesday at a New Hampshire high school.

Business software maker VMware Inc has agreed to buy privately held SpringSource for $420 million, its biggest-ever acquisition, to beef up a portfolio of programs that help companies run data centers.

Oil prices fell 2 percent on Tuesday as doubts resurfaced over the pace of economic recovery after U.S. data showed another drop in wholesale business inventories.

Panasonic Corp and NEC Corp unveiled nine new cellphone models on Tuesday that run the open-source LiMo operating system, wireless Linux group LiMo said.

U.S. stocks slid more than 1 percent on Tuesday after an unexpectedly large drop in inventories at wholesalers raised doubts about an economic recovery and bank shares skidded after a prominent analyst warned that fundamentals for the industry have not improved.

As online search becomes more competitive and innovate, Google is upping the ante by developing new technology which will speed up indexing new search results and create a larger index.