IBT Staff Reporter

Canada's deficit this year will reach its biggest ever this year of more than $50 billion because of the deep economic recession, Finance Minister Jim Flaherty said Tuesday.

US EQUITIES rallied back from the long opening weekend of summer. Initial pressures from escalating geo-political tensions

Two Texas men defrauded investors of some $19.5 million by faking bank records to show that their business, PrivateFX Global One, achieved annual returns of more than 23 percent in foreign exchange trading, U.S. regulators said on Tuesday.

Inspur International raised HK $44 mln for acquisitions Inspur International got its stock suspended on Tuesday in Hong Kong, raising up to 44.3 million HK dollars ($5.71 million) for future acquisitiso wons and general operations

HP announced on Tuesday David Donatelli is to begin working at the company after the Suffolk County Superior Court of Massachusettsreleased its prohibition on the matter.

Polo Ralph Lauren announced Tuesday the resignation of Judith McHale from the Polo Ralph Lauren Board of Directors following her recent appointment to the White House.

Video game publisher Take-Two Interactive Inc reported stronger-than-expected quarterly results but cut its fiscal year revenue forecast as it delays the release of two titles.

Jury Orders Microsoft to pay $200M in damages to i4i i4i, the Toronto-based software firm announced on Tuesday it received a $200 million patent infringement verdict from a federal jury who found Microsoft Corp., the world' largest software maker, willfully infringed on an i4i patent.

Stocks climbed more than 2 percent on Tuesday as data showing the biggest monthly jump in consumer confidence in six years lifted hopes of an economic rebound, and a brokerage upgrade of Apple Inc drove sharp gains on the Nasdaq.

Facebook Inc., said Tuesday, received an investment of $200 million from Russia’s Digital Sky Technologies that values the networking service at $10 billion.

French police said they had arrested 90 people across the country on Tuesday in an operation targeting a network trading pedophile pictures on the Internet.

The European Investment Bank (EIB) signed an agreement valued for €100 million with the Socialist Republic of Vietnam, aiming to mitigate climate change in this region.

North Korea defied international condemnation of its latest nuclear test by firing two short-range missiles off its east coast on Tuesday and major powers considered tougher action against the isolated communist state.

Stocks climbed more than 2 percent on Tuesday as data showing the biggest monthly jump in consumer confidence in six years lifted hopes of an economic rebound, and a brokerage upgrade of Apple Inc drove sharp gains on the Nasdaq.

The California Supreme Court in one of the most anticipated court decision upheld a voter-approved ban on same-sex marriage Tuesday.

Video game publisher Take-Two Interactive Inc reported stronger-than-expected quarterly results but cut its fiscal year revenue forecast as it delays the release of two titles.

North Korea must return to negotiations with its neighbors and the United States following its nuclear and missile tests, U.N. Secretary-General Ban Ki-moon said on Tuesday.

Intel Corp will start producing a new, more powerful version of its Xeon multiprocessor chip for servers in the second half, a spokesman said on Tuesday.

The greenback relinquished gains against the euro and Aussie on the Tuesday session as UK and US markets returned from holiday.

General Motors Corp has failed to persuade enough bondholders to accept a debt-for-equity swap, setting the stage for the largest-ever U.S. industrial bankruptcy within days.

A Banco Santander SA investment management company will pay $235 million to the trustee winding down the securities business formerly run convicted swindler Bernard Madoff.

Oil hit a fresh six-month high on Tuesday, bolstered by U.S. consumer confidence data and comments from OPEC kingpin Saudi Arabia that prices may continue to rise.

Germany pressed suitors of General Motors unit Opel to improve their offers and a fourth bidder from China emerged on the eve of a top-level meeting to decide the fate of the carmaker.

Two Texas men defrauded investors of some $19.5 million by faking bank records to show that their business, Global One, achieved annual returns of more than 23 percent in foreign exchange trading, the U.S. Securities and Exchange Commission said on Tuesday.

Stocks rose on Tuesday as data showing the biggest monthly jump in consumer confidence in six years lifted hopes of an economic rebound, and a brokerage upgrade of Apple Inc drove sharp gains on the Nasdaq.

Nokia opened its online software and content store on Tuesday, hoping to follow the success of Apple Inc's App Store, but the opening was overshadowed by technical glitches and negative reviews.

Corrects spelling of SACEM in ninth paragraph

The rule of thumb that often guides U.S. central bank interest rate policy suggests that the federal funds rate will need to remain near zero for several years, a top Federal Reserve economist said on Tuesday.

While teaching speech communication at the University of Georgia, I left the campus twice weekly during a summer session, to instruct a highly unusual audience: thirty-one inmates at the Atlanta Federal Penitentiary, enrolled through the university's extension program. Immediately, I noticed that my prison students used words and phrases totally unfamiliar to me.