IBT Staff Reporter

U.S. home prices rose in May for the first time in three years, suggesting the housing market is stabilizing, but a weakening job market hit consumer confidence in July and could prevent near-term economic recovery.

Tiny ovarian tumors lurk in the Fallopian tubes for an average of four years before they grow large enough to be detected, researchers reported on Monday in a study that explains why diagnosis usually comes too late to save a woman's life.

U.S. and Chinese officials began grappling on Monday with how and when to withdraw the huge economic stimulus spending each has applied and to put in place measures to promote steadier long-term growth.

A large 15-year study of men who had surgery for prostate cancer found only a small percentage died from cancer, adding to evidence that some men might be able to skip radical surgery to treat the often slow-growing tumors, U.S. researchers said on Monday.

British forces remaining in Iraq will withdraw to Kuwait by the end of the month after Iraq's parliament adjourned this week without passing a deal allowing them to stay to help protect oil facilities.

A common and safe blue food dye might provide the best treatment available so far for spinal cord injuries, U.S. researchers reported on Monday.

U.S. Defense Secretary Robert Gates said during a visit to Iraq on Tuesday that the withdrawal of U.S. combat troops from urban bases was paying off as Iraqi forces assumed the lead for the fragile security.

Health officials trying to make best use of antiviral drugs to fight the new H1N1 flu need to do a better job of tracking and treating cases quickly, Italian researchers said on Monday.

Viacom Inc reported a 32 percent drop in earnings, but tempered yet another quarter of depressed results with the announcement that it has reached a key distribution deal for its new movie channel Epix.

U.S. single-family home prices rose in May from April, the first monthly increase in nearly three years, suggesting prices may be stabilizing, according to Standard & Poor's/Case Shiller home price indexes on Tuesday.

The British government has published a guide to help ministers understand how to use the social networking site Twitter, with the aim of extending its news and corporate messages online.

Stocks fell on Tuesday as a drop in July consumer confidence and disappointing quarterly results and outlooks from Office Depot Inc and U.S. Steel Corp reignited concerns about the strength of recovery.

Glaucoma patients are likely to lose more of their vision if they suffer minor strokes, a three-year study in Hong Kong has found.

What do you do when you're a small online social network trying to compete against a behemoth like Facebook?

Michael Jackson's personal physician, Dr Conrad Murray, admitted to administering the powerful anesthetic propofol to the King of Pop just hours before he died and officials believe this injection is what may have ultimately caused Jackson's death.

Flextronics International Ltd said on Tuesday it has withdrawn all objections to the sale of Nortel's wireless technology assets to Ericsson and resolved outstanding issues with the Swedish telecom equipment maker.

U.S. consumer confidence fell more than expected in July, the Conference Board said on Tuesday, recording its second consecutive decline as sentiment remained hampered by a difficult job market.

U.S. consumer confidence fell more than expected in July, the Conference Board said on Tuesday, recording its second consecutive decline as sentiment remained hampered by a difficult job market.

former Asia Pacific CEO for Lehman Brothers will step down from his chairman role at Nomura Holdings, according to a memo obtained by Reuters on Tuesday, potentially dealing a blow to morale among ex-Lehman staff now at the Japanese brokerage.

Abbott Laboratories Inc said it plans to widen its array of nutritional brands in India by paying $130 million for the nutrition businesses of Wockhardt Ltd, certain Wockhardt subsidiaries, and Carol Info Services Ltd.

Consumer confidence about business conditions and the labor market fell more than expected in July, according to a new report.

Chinese automaker Great Wall Motor Co is considering resurrecting plans for a domestic A-share initial public offering as China's stock and auto markets have rebounded strongly, company executives said on Tuesday.

Japan's Hitachi Ltd will launch a $2.9 billion bid for five of its listed units to help it return to growth, even as a tumble to a quarterly net loss further eats into its capital and intensifies pressure to raise funds.

China's Dongfeng Motor Group said its joint venture with Nissan Motor would spend 5 billion yuan ($732 million) to expand a new passenger vehicle plant in China's southern city of Guangzhou.

Vodafone said on Tuesday there was no sale process underway for Deutsche Telekom'sT-Mobile UK subsidiary, at a gloomy annual meeting overshadowed by economic and performance concerns.

Valero Energy Corp. the U.S. largest independent oil refiner reported today a loss of $254 million or 48 cents per share citing lower diesel and jet fuel margins and lower sour crude oil differentials.

Deutsche Lufthansa has asked the Austrian Takeover Commission to extend the deadline to complete its deal on buying Austrian Airlines as it scrambles to address EU antitrust concerns.

One month on from a cancer scare that investors feared might sink sales of Sanofi-Aventis's diabetes treatment Lantus, the French drugmaker appears to have escaped the worst.

A group of hedge funds that provided bankruptcy funding to Delphi Corp on Monday won a high-stakes auction to take control of the auto parts supplier, scuttling a rival deal brokered by the Obama administration.