IBT Staff Reporter

U.S. Treasury Secretary Timothy Geithner said Tuesday aggressive efforts to counter a global financial crisis were starting to work and acknowledged the United States had a special duty to help spur a recovery.

A burst of confidence in U.S. financial stocks lifted global equities on Tuesday ahead of results for bellwether Goldman Sachs.

Microsoft has seen an 8 percent unique user's increased on its Bing search engine since its launch a month ago.

Asian stocks bounced on Tuesday as a rally in U.S. financial shares helped Japan break a long losing streak, while also reversing some of the recent safe-haven rush into the yen and sovereign bonds.

Blockbuster Inc on Tuesday announced an agreement that allows consumers to instantly view movies and video from its OnDemand service on Samsung's televisions and electronics devices.

A magnitude 6.7 earthquake hit just off the coast of Taiwan at 2:05 am Tuesday morning, east of the coastal city of Hua-lien, followed by a magnitude 5.0 aftershock at 4:28 am in the same location, the China National Seismological Network reported early Tuesday.

Three men were found marvelously alive after being trapped in a flooded mine for 25 days in Qinglong county, southwest China's Guizhou Province Sunday, July 12, 2009, China Daily reported on Monday.

The U.S. government rang up a $94.32 billion budget deficit in June, a record for the month, as the price tag for efforts to prop up the economy, banks and automakers mounted while revenues weakened.

Asian stocks bounced on Tuesday as a rally in U.S. financial shares helped Japan break a 10-session losing streak, while also reversing a little of the recent safe-haven rush into the yen.

US TREASURIES reversed from the recent highs on Monday after equities posted a strong rebound from overnight lows after Goldman Sachs received a strong buy recommendation based upon expectation of the leading Wall Street firm posting better than expected earnings driven by record breaking revenues from its trading activities.

A U.S. Republican lawmaker involved in a congressional probe of government influence over Bank of America's purchase of Merrill Lynch has asked for more documents from the Treasury Department and the New York State Attorney General to shed light on government intervention in the banking system.

CIT slips on liquidity worries, Solar megaproject detailed, MS Office to go online

Take Two Interactive Software Inc cut its financial outlook for the next two quarters due to the delayed release of its BioShock 2 video game and lower-than-expected retail orders for other titles.

Goldman Sachs Group Inc executives sold almost $700 million worth of stock since the collapse of rival Lehman Brothers last year, the Financial Times said on Monday.

Using a relatively new way to test for blockages in the heart's arteries as a general screening exam could lead to more than thousands of new cases of cancer in the US, according to a new study in the Archives of Internal Medicine.

Later diagnosis and differences in treatment may be among the reasons that African Americans are less likely than whites to survive colon cancer, a study published Monday suggests.

The steady climb in the incidence of thyroid cancer since the early 1980s has been attributed to an increase in screening in recent years and the diagnosis of more small tumors.

Healthcare workers should get priority access to H1N1 flu vaccinations to ensure health systems keep functioning as the swine flu pandemic spreads around the globe, the World Health Organization said on Monday.

McGraw-Hill Co. owned BusinessWeek is up for sale after the publication's advertising revenue plummeted nearly 30 percent.

Schizophrenia patients given a cheap older drug are less likely to die prematurely than people on newer treatments, despite the older product's well-known adverse side effects, Finnish researchers said on Monday.

Samsung Pixon12 M8910 12, the world's first 12 megapixel camera phone, which was introduces recently in Europe is now available on Pre-order at Phones4u.

In a response to Google's announcement last week, Microsoft said it would offer Office software accessible via Web for free.

Michael Jackson's father, Joe Jackson, has plans to create The Jackson Three using Michael Jackson's three young children.

A combative President Barack Obama on Monday sought to regain the initiative on overhauling the U.S. healthcare system after legislation slowed down in the U.S. Congress while he was abroad last week.

Nokia on Monday introduced its new Surge, a Symbian S60-based Smartphone with video sharing for design for multimedia and entertainment mania.

Germany's Software AG said it will bid 15 euros in cash per share for IT consultancy group IDS Scheer and has agreed to buy out the two biggest shareholders that control nearly half the company.

Dell Inc forecast lower gross margins in the July quarter as demand has shifted toward cheaper computers such as netbooks, while prices of components are rising, sending its shares down 4 percent.

General Motors Co, which plans to wind down the Pontiac brand, is considering bringing the Pontiac G8 full-size sedan into the Chevrolet brand, Vice Chairman Bob Lutz said on Monday.

Using condoms consistently can help prevent people from contracting genital herpes, new research in the Archives of Internal Medicine shows.