IBT Staff Reporter

Energy prices are forecasted to remain low this year due to the economic recession and uncertainty about the recovery, Energy Department said in its short-term energy outlook for May.

The U.S. space shuttle Atlantis was hit by a piece of debris that nicked part of its heat shield that caused a 21-inch stretch of nicks, although Nasa said that the damage did not appear to be serious.

As the market for U.S. office, retail and apartment building loans heads south, investors in commercial mortgage-backed securities and servicers of the loans are feuding over how to best save their skins.

US airways said on Tuesday it will receive $234 million in net proceeds from the full exercise of its previously announced common stock and convertible note offerings from underwriters.

Former Federal Reserve Chairman Alan Greenspan said on Tuesday that

Officials accused extremist militants Tuesday of launching a poison gas attack on Afghan Girls School that caused at least 94 people hospitalized in north eastern Afghanistan.

Spanish Prime Minister on Tuesday announced a subsidy of 2,000 Euros (2,700 dollars) for motorists wanting to buy a new car in a bid to ease recession tension.

Several large U.S. banks undertook big capital-raising efforts on Tuesday, hoping to satisfy regulators who want bigger cushions against a deep recession, or proof that they have enough of a buffer already.

Google Inc unveiled a slew of new and future features on Tuesday, including one that will allow people to better coordinate Internet searches on their cell phones and computers and another that will produce sophisticated automated research reports.

Income investors are snatching up a new form of pseudo municipal bonds known as Build America Bonds (BAB).

Former NBA star Jayson Williams, who played for the New Jersey Nets, has been hospitalized after trashing a New York City hotel.

General Motors Corp shares hit there lowest level since the Great Depression on Tuesday and Nissan Motor Co posted a loss and expected more amid the deep global auto downturn.

Chrysler LLC will offer new buyouts to factory workers at seven of its eight U.S. plants slated for closure under its bankruptcy plans, the United Auto Workers union said on Tuesday.

A recovery in the U.S. housing sector could be as much as two years away, the head of the Federal Deposit Insurance Corp said on Tuesday.

The Dow rose on Tuesday as investors scooped up defensive shares, including Pfizer , while energy companies' stocks climbed as oil hit a six-month high.

Real nonresidential construction tumbled at a record 44 percent annual rate during the first quarter, subtracting over two percentage points from real GDP. A large portion of the drop was due to a pullback in oil & gas drilling and exploration. Building activity is also winding down, particularly in office and commercial construction which includes multi-tenant retail space. The economic downturn ...

Microsoft Corp said on Tuesday that hackers are seeking to attack users of its PowerPoint presentation software for Windows PCs and released patches to protect them against the threat.

Google announced exciting new features at its annual Searchology event at the Googleplex headquarters today, where the company's executives argued that “understanding people, health, communication, education and knowledge” is the next frontier of search.

U.S. President Barack Obama will urge Palestinian, Israeli and Egyptian leaders to take the steps necessary to achieve peace in the Middle East when they visit Washington this month, the White House said on Tuesday.

Helicopter-borne Pakistani soldiers swooped into a Taliban stronghold in a remote corner of Swat on Tuesday as the United Nations urged help for hundreds of thousands of people displaced by the fighting.

The Dow rose on Tuesday as investors bought into defensive shares, including Pfizer , while energy companies climbed as oil hit a six-month high.

GMAC has

I am restarting a (small) position in Riverbed Technology ( RVBD ) - it's not cheap, and I am chasing to some degree but not at recent highs (just under $19).

AutoUSA, the industry's leading provider of the highest quality Internet-generated consumer leads to auto dealer's nationwide, today announced that 86 dealer clients have made this year's Ward's e-Dealer 100 list.

The Federal Deposit Insurance Corp is talking with lawmakers about speedy legislation that could give it the power to wind down troubled bank holding companies, but not a broader range of financial firms, according to a source familiar with agency plans.

While many diehard fashionistas uphold New York as the center of the fashion world, BeautyBodyStyle.com proves that the Internet can bring a high sense of style to women anywhere.

Oil rose to a six-month high on Tuesday on optimism an economic recovery may prompt rising fuel demand and on buying to hedge against a weaker U.S. dollar.

The Department of Energy granted $25 million to the state of Massachusetts to accelerate the development of a facility that once completed will become the first commercial facility in the United States able to test wind turbine blades longer than 50 meters.

Former Federal Reserve Chairman Alan Greenspan said on Tuesday that the seeds of a bottoming in plunging U.S. home markets were becoming visible.