IBT Staff Reporter

A cream used to treat the early signs of skin cancer may erase wrinkles and leave behind younger-looking skin, U.S. researchers said on Monday.

New U.S. housing starts and permits rebounded in May from record lows as ground-breaking for multifamily units surged after tumbling the prior month, a government report showed on Tuesday.

The American economy will begin growing again in the third quarter, but the rebound will be meek as a battered housing sector and ailing banks stem any progress in other areas, according to a Reuters poll.

New York has overtaken Miami to be voted the U.S. city with the angriest and most aggressive drivers, according to a survey on road rage released on Tuesday.

Australian Dollar: After gapping lower in early Monday morning trade yesterday the Aussie was unable to “fill the gap” back above 81 cents in Asia trading sideways for the majority of the session to enter early offshore trade around 0.8070.

Supporters of defeated Iranian presidential candidate Mirhossein Mousavi posted defiant messages on Twitter on Tuesday, calling for a second banned pro-Mousavi rally to go ahead and offering security updates.

The raging debate about the future of the U.S. dollar's reserve currency status may be masking the real drivers of its near-term direction.

Companies which specialize in technologies to boost energy efficiency are benefiting from global economic recovery packages and a growing focus on cutting costs, HSBC research suggested on Monday.

U.S. Energy Secretary Steven Chu urged officials from the Americas on Monday to throw their weight behind a new initiative to reduce carbon emissions and make cities in the Western Hemisphere more energy efficient.

U.S. futures pointed to a flat to lower start on Wall Street on Tuesday with the S&P 500 index, futures for DJ Industrial Average and futures for Nasdaq 100 down 0.02 to 0.2 percent, at 0900 GMT.

The Obama administration's top climate change scientists will unveil a report on Tuesday that details the impact of global warming on the United States and argues for fast action against it.

Flat-screen maker LG Display Co Ltd said on Tuesday it would invest 50 billion won ($40 million) in a pilot line and testing facility for solar power cells, aiming for commercial production in 2012.

Asian venture capital company Pacific Venture Partners on Tuesday said it sees fabless semiconductor companies and the clean energy sector as good investments, although high spending in some solar energy firms might be a deterrent.

A consortium of around 20 companies, including Munich Re, Siemens, RWE and Deutsche Bank, plans to build a 400 billion euro ($555.3 billion) solar power project in Africa, a Munich Re executive told a German newspaper on Tuesday.

Norway's Opera Software opened a new, free service on Tuesday that enables simple sharing of personal computers' pictures, files or music with anyone on the Internet.

The U.S. banking industry played down the Obama administration's proposals on Monday for the most wrenching regulatory changes since the Great Depression as just that -- proposals.

Iran's top legislative body said Tuesday it was ready to carry out a partial recount in a disputed presidential election that has prompted the biggest street protests since the 1979 Islamic revolution.

Russia will advocate a cautious approach to changing the system of global reserve currencies when the world's biggest emerging economies hold their first formal summit on Tuesday, the Kremlin's top economic aide said.

Microsoft Corp filed a lawsuit against three individuals believed to be based in Vancouver, accusing them of a form of click fraud by improperly using Microsoft's online advertising service for profit, court documents show.

U.S. software company Adobe Systems Inc said on Monday it had moved Acrobat.com out of public beta testing and would charge subscribers to use the online version of its popular PDF reader software Acrobat.

At New York's Del Posto, diners can share a $130 entree of wild branzino fish with roasted fennel and peperonata concentrato and a $3,600 bottle of Dom Perignon. They cannot share a bottle of Perrier or San Pellegrino water.

Norway's Opera Software on Tuesday unveiled its new free service enabling simple sharing of pictures, files or music from computers, with anyone on the Internet.

Artists like the Eagles and Christina Aguilera can now play DJ, at least online.

Britain will lay out its funding plans for universal broadband coverage and endorse a move to allow closer co-operation between cash-strapped broadcasters when it unveils its vision for a digital future.

Tesco, Britain's biggest retailer, posted a 4.3 percent rise in underlying first-quarter British sales, showing a pick up in growth from the previous quarter but still lagging its main rivals.

Whitbread, Britain's biggest hotel operator, said on Tuesday trading in the first quarter had been in line with its expectations with total group sales increasing by 2.5 percent.

Officials at Malaysia's gaming firm Resorts World Bhd told shareholders on Tuesday it does not see any obstacles in investing in the Chinese gambling enclave of Macau, but has made no decision about the move.

A Canadian pension fund moved closer to sealing a takeover of Australia's Macquarie Communications Infrastructure Group on Tuesday, raising its offer to $1.3 billion and securing the approval of the two biggest shareholders.

Telecom industry group the GSM Association expects the mobile industry to see continued growth in usage, despite the recession, and to provide simulus for the global economy.