IBT Staff Reporter

The U.S. government's Cash for Clunkers program has boosted the U.S. auto sales to the highest level of 2009 in July, which is surprising success to both car dealers and the government.

The world's seas hold so many mysteries, most notably the massive inhabitants that overwhelm our senses; the odd-looking ones that make us scratch our heads; and the vividly-painted creatures that we can't stop staring at.

There's something exhilarating, magical, and beguiling about going to Greece. It's like going to Disneyland for the first time. You build yourself up for something incredibly amazing

Pony Inc. on Tuesday said it dismissed its trademark infringement suit against competitor Nike Inc.

Whole Foods Market Inc on Tuesday posted third quarter earnings that beat Wall Street's expectations, as sales rose, and the seller of organic and gourmet food products raised its full-year earnings forecast.

Britain is aiming to replace short-haul aviation with high-speed rail travel and plans for such a network are well advanced, Transport Secretary Andrew Adonis told the Guardian newspaper.

Fast-food chain operator Jack in the Box posted an adjusted quarterly profit that beat Wall Street estimates as price increases and lower commodity costs helped offset a drop in sales.

The U.S. Senate will approve a $2 billion proposal to extend the cash for clunkers auto sales incentive by week's end, the Senate Democratic leader said on Tuesday.

President Barack Obama is still searching for the right person to lead the fight against an epidemic of cybercrime, the White House said on Tuesday as it came under fire following the resignation of a top cybersecurity adviser.

Sirius XM Radio shareholders may sense better days ahead, fueled by optimism about new revenue streams, the launch of its iPhone software and the cash for clunkers car buying program.

The U.S. Senate will approve a $2 billion extension of the cash for clunkers auto sales incentive by week's end, Majority Leader Harry Reid said on Tuesday, giving new life to a successful program that has boosted industry sales to a 2009 high.

Stocks edged higher on Tuesday, led by the financial sector as economic data pointed to a sustained if slow recovery from the recession, taking the Dow and the S&P 500 to nine-month highs.

Leading global automakers reported forecast-beating quarterly results on Tuesday, but continued to give cautious outlooks for the industry, which remains hard hit by weak demand and a lack of consumer credit.

Richard Santulli, the chairman and chief executive of Berkshire Hathaway Inc NetJets Inc and long considered a possible successor to Warren Buffett, has stepped down, effective immediately.

CVS Caremark Corp has the ability to make more acquisitions, but Chief Financial Officer Dave Rickard would not say whether his company wants to buy Aetna Inc's pharmacy benefit management business.

PepsiCo Inc agreed to buy bottlers Pepsi Bottling Group Inc and PepsiAmericas Inc in a sweetened $7.8 billion deal, after a decade of operating as separate companies, as it seeks to cut costs and boost profits in North America.

Hedge fund firm Citadel Investment Group will return millions to clients who asked to exit last year, but were locked in when its flagship funds lost more than half their value during the financial crisis.

The Postal Regulatory Commission has released Tuesday nearly 700 locations of post offices in the United States that are proposed to be closed.

The U.S. Senate Committee on Finance held a hearing on the climate bill called Climate Change Legislation: Allowance and Revenue Distribution. Power company Duke Energy Co. said its profit declined 21 percent in the second quarter to $276 million or 21 cents per share from $351 million or 28 cents per share a year earlier.

World of Warcraft patch 3.2 has been released and is now available for download. It updates several user interactions including an array of game changes.

Apple Inc on Tuesday has finally landed its iTunes store in Mexico with a wide selection of Mexican, indie labels and international music.

Post offices are going to be another casualty of recession that has crippling effect on US economy. The U.S. government is to close around 700 post offices across the country as a result of the recession's crippling effect on US economy.

Whole Foods Market Inc on Tuesday posted third-quarter earnings that beat Wall Street's expectations, as sales rose, and the seller of organic and gourmet food items raised its full-year earnings forecast.

Private equity firm Kohlberg Kravis Roberts & Co nudged another step closer to merging with its Euronext-listed fund on Tuesday after the fund received enough support from its unitholders for the deal.

Electronic Arts Inc reported better-than-expected results on strong sales of The Sims 3 video game and cost-cutting, sending its shares up as high as 4 percent on Tuesday.

NetJets Inc, the fractional aircraft ownership firm, announced on Tuesday that its Chairman, chief executive and founder Richard Santulli is resigning.

A middle-income family can expect to spend $291,570 including inflation to raise a child born in 2008 to adulthood, the government estimated on Tuesday, up slightly from the estimate made a year ago.

Penny Worley Auctioneers on Tuesday announced two online auctions for items from banks seized by the U.S. government.

Allen Stanford's criminal attorney won't be allowed to withdraw just yet, a federal judge in Texas said on Tuesday, even though another law firm has said it would represent the accused swindler.