IBT Staff Reporter

The girlfriend of hedge fund swindler Samuel Israel was sentenced to three years of probation, including four months of house arrest, on Tuesday for helping him stage suicide to avoid going to prison.

Oil jumped nearly 3 percent to settle at a seven-month high of $70 a barrel on Tuesday on the weaker dollar and a U.S. government report revising global demand expectations higher for the first time since September.

Microsoft Corp issued software to fix 31 security flaws in its programs, a single-day record for the company whose products are targeted by hackers because they sit on the vast majority of computers.

The Obama administration and congressional Democrats got a clear view on Tuesday of the uphill political path they face in pushing for tighter regulation of U.S. banks and financial markets.

Oil jumped nearly 3 percent to above $70 a barrel on Tuesday, boosted by the weaker dollar and a U.S. government report revising global demand expectations higher amid signs the economy may be approving.

As the economic crisis squeezes U.S. government budgets and priorities shift beyond defense, the world's top defense contractors will likely turn to acquisitions to ensure they can keep growing.

The Nasdaq rose on Tuesday after an improved outlook from Texas Instruments lifted technology stocks, but gains on other indexes were limited as plans by big banks to repay government bailout funds raised concerns whether the move would help the economy recover.

The World Health Organization (WHO) is on the verge of declaring the first influenza pandemic in more than 40 years, but wants to ensure countries are well prepared to prevent a panic, its top flu expert said on Tuesday.

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IBM said on Tuesday it is seeking to bolster sales partnerships to boost revenue in a weak economy and compete more effectively with other large technology firms.

Adults with type 1 diabetes report more symptoms of depression and more often use anti-depressant medication than adults without type 1 diabetes, according to data released here at the 69th Scientific Sessions of the American Diabetes Association (ADA).

Oil rose $1 on Tuesday to top $69 a barrel, boosted by the weaker dollar and a U.S. government report revising global demand expectations higher amid signs the economy may be approving.

When you tell your friends that a trip looms sparkly on the horizon, the next question is often, “Who are you going with?” As they mentally click on the dropdown friend list, scrolling for your best, brightest, most-likely-to-get-someplace-on-time friends…and you’ll really enjoy lobbing this showstopper.

Russia threw its 16-year bid to join the World Trade Organization into jeopardy on Tuesday when Prime Minister Vladimir Putin said Moscow would only join the trade body in partnership with two former Soviet republics.

The World Health Organization is getting close to declaring a full H1N1 influenza pandemic but wants to make sure countries are well prepared for such a move to prevent a panic, its top flu expert said Tuesday.

The Nasdaq rose on Tuesday after Texas Instruments raised its outlook, but other indexes were flat to lower after plans by big banks to repay a government bailout raised questions about whether the move would help the recovery.

The Nasdaq rose on Tuesday after Texas Instruments raised its outlook, but other indexes were flat to lower after plans by big banks to repay a government bailout raised questions about whether the move would help the recovery.

Microsoft Corp is making early gains on Internet search leaders Google Inc and Yahoo Inc with its Bing search engine that launched last week, according to industry data firm comScore.

U.S. bankruptcy filings rose in the first quarter to the highest since 2005, government data show, as rising unemployment, falling housing prices and tight credit made it harder for people to hold off their creditors.

Oil rose $1 on Tuesday to top $69 a barrel, boosted by the weaker dollar and expectations of another draw in U.S. crude inventories.

General Motors Corp said on Tuesday that former chairman and chief executive of AT&T Inc Edward Whitacre will become chairman of the restructured automaker later this summer.

China defended on Tuesday the use of a new screening software that will block pornography, violent content and other unhealthy content which will be installed on all computers starting from July 1.

Talbots Inc posted a much narrower-than-expected loss on Tuesday, a day after the women's apparel retailer decided to sell its J.Jill division to Golden Gate, and said it would cut corporate headcount across all locations by about 20 percent.

U.S. money manager BlackRock is near to buying Barclays Global Investors for between $12 billion and $13 billion to create a global asset manager twice the size of its nearest rival, people familiar with the matter said.

U.S. Treasury Secretary Timothy Geithner said on Tuesday he would soon revamp the country's regulatory system to prevent a repeat of excessive risk-taking that has tipped it into a severe recession.

U.S. officials on Tuesday gave 10 of the nation's biggest banks approval to pay back a combined $68 billion of taxpayer money pumped into them to combat the credit crisis.

The U.S. Treasury approved 10 banks to buy back $68 billion of government shares on Tuesday, a first crucial step for banks to be set free from government restrictions.

The 10-year Treasury, the benchmark rate which mortgage rates are priced off, have risen significantly over the past month - from under 3 percent and now closely approaching 4 percent. Mortgage rates will follow similar patterns and could soon top 5.5 percent on a conforming 30-year fixed rate on average.

Apple Inc halved the price of its entry-level iPhone to $99 on Monday to widen the trendy device's mass-market appeal, as global competition heats up after Palm Inc launched the Pre.