IBT Staff Reporter

Borrowers in the market for office, retail and apartment buildings are beginning to come to terms with lost value in commercial real estate, portending a capitulation required for a market rebound, a top industry lawyer said on Monday.

Sales of previously owned homes in the United States rose at a slower-than-expected pace in May, an industry survey showed on Tuesday, pointing to a sluggish recovery from the severe economic recession.

Sprint Nextel Corp expects shortages of Palm Inc's high-profile Pre smartphone for a while but has not felt any impact from the new iPhone so far, Sprint's chief financial officer said on Tuesday.

The Federal Reserve began a two-day meeting on Tuesday at which it is expected to dampen expectations for interest rate hikes this year, while holding steady on its plans for asset purchases.

Worldwide wind energy capacity installed in the first quarter of 2009 grew 23 percent compared to the same period last year, according to a report from the World Wind Energy Association on Tuesday.

U.S. chief executives took a slightly less grim view of the economy in the second quarter, but still plan to cut jobs and capital spending, according to a Business Roundtable survey released on Tuesday.

Stocks were nearly flat on Tuesday as investors hunted for bargains after Monday's steep sell-off, offsetting a drop in industrial shares as Boeing announced another delay in its 787 Dreamliner flight.

President Barack Obama told reporters today during a press conference that he has fallen off the wagon sometimes when trying to quit the habit of smoking but never he smokes in the presence of his kids or in front of his family, he said according to the Associated Press.

U.S. chief executives took a slightly less grim view of the economy in the second quarter, but still plan to cut jobs and capital spending, according to a Business Roundtable survey released on Tuesday.

The introduction of a computer code to financial reports was supposed to transform the way investors' could analyze the data. The reality is proving to be a little less exciting.

Lenovo on Tuesday unveiled its new thinner and lighter laptop inspired by its ThinkPad X30, loaded with performance and designed for fashion users starting at $1,599.

Toshiba on Monday revealed its new mobility and entertainment satellite laptop, redesign for economic demands and eco-efficiency.

The United States and European Union are launching a World Trade Organization case against China over its export restrictions on raw materials, officials announced on Tuesday.

Sales of previously owned U.S. homes rose for a second straight month in May but were weaker than expected, adding to growing fears of an anemic economic recovery from a deep recession.

Stocks were little changed on Tuesday as a delay in Boeing's first test flight of the 787 Dreamliner was offset by investors' search for bargains following Wall Street's worst day in two months.

Sales of previously owned U.S. homes rose for a second straight month in May but were weaker than expected, adding to growing fears of an anemic economic recovery from a deep recession.

Netflix chief executive officer predicted in a Tuesday report that DVD rentals at his service will begin to decline at least four years from now as Internet deliveries of movies grow, according to the Wall Street Journal.

Stocks recovered some ground on Tuesday, with all three indexes making slight to moderate gains, after news of a solid U.S. Treasury auction for 2-year notes.

Ford Motor Co will receive nearly $5.9 billion in U.S. government loans to spur development of more fuel-efficient vehicles, the Obama administration said on Tuesday.

Today, Microsoft debuted its new antivirus software, “Microsoft Security Essentials” for a free download for all Windows users.

A huge iron ore resource with more than three billion tons’ of proven reserves has been found in China's Benxi, Benxi Municipal Government said on Tuesday, making it one of the biggest iron ore mines in Asia.

AT&T Inc said it extended a network equipment supply agreement with Alcatel-Lucent and would soon start selling a cellphone from Motorola Inc .

The U.S. Justice Department said it was not planning to drop its lawsuit seeking to force UBS AG to disclose thousands of the Swiss bank's U.S. customers with secret accounts.

President Barack Obama sent condolences on Monday evening to the victims in Washington, D.C., subway trains disaster.

Ford Motor Company, Nissan North America Inc, and Tesla Motors Inc were the first automakers to be granted federal loans totaling $8 billion to develop electric cars and fuel-efficient vehicles made in the United States.

Japanese automaker Nissan Motor Co. confirmed that it will build electric vehicles in the United States on a mass scale, beginning in 2011 or 2012 just ahead of an announcement from the U.S. Department of Energy granted a $1.6 billion loan to the automaker to produce electric cars and battery packs at its manufacturing complex in Smyrna, Tennessee.

U.S. chief executives took a slightly less grim view of the economy in the second quarter, but still plan to cut jobs and capital spending, according to a Business Roundtable survey released on Tuesday.

Intel Corp , the world's biggest chip maker, and cellphone market leader Nokia , said they would work together on a new class of mobile computing device.

Commercial Metals Co posted a narrower-than-expected third-quarter loss, but the steel and metal products maker warned of difficult domestic market conditions for the remainder of 2009.