IBT Staff Reporter

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Bruckheimer Games hires industry veterans

Jerry Bruckheimer Games Inc. on Tuesday named a pair of videogame veterans to lead the company nearly 18 months after entering into a publishing agreement with MTV Games.

B of A, other U.S. banks scramble for capital

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

Profit taking and more stock offers hurt S&P

The S&P 500 and Nasdaq fell on Tuesday on profit taking in financials and technology, while a drop in U.S. exports and fresh stock sales by various companies damped investor enthusiasm.

BNP Paribas completes Fortis Bank acquisition

Europe’s largest bank, BNP Paribas Group, said on Tuesday said it has finalized acquisition to Fortis Bank with the approval of the Europe commissioner, in a deal that the biggest banking group across the Europe.

Rome’s Angels & Demons Secrets

The Eternal City’s iconic sites provide a thrilling backdrop to the blockbuster movie, but they also hold scandals and sordid histories of their own.

Cuomo says Morris associate pleads guilty to fraud

New York Attorney General Andrew Cuomo on Tuesday said an associate of Henry Morris, a top fund-raiser for a former New York state official, pleaded guilty to securities fraud and is cooperating with the state's probe into corruption surrounding public pensions.

Miss California keeps her crown

Pageant owner, Donald Trump, announced on Tuesday that Miss California USA, Carrie Prejean, can keep her crown despite all the controversies that surround her regarding her view on gay marriage and her pics in underwear.

Avoid

The day-and-a-half sales training session included one day of skill practice interviews (a less frightening term than role playing), and a half day of discussing twenty key questions every top sales professional must answer satisfactorily.

Facebook, Warner team on Watchmen promo

Warner Bros. has some new friends at Facebook. In an industry first, the studio's Warner Home Video unit is set to announce this week a plan to sync up friend networks on Facebook with the interactive community-screening features of Warners' Blu-ray Disc releases, starting with the release of Watchmen Director's Cut.

China marks 1st quake anniversary

Chinese President Hu Jintao offered flowers and expressed condolences to the quake victims Tuesday, marking the first anniversary of Wenchuan quake that left nearly 90,000 people dead or missing and 5 million homeless.

Wall Street slides on profit taking

Stocks fell on Tuesday as investors took profits in the technology and banking sectors while a drop in U.S. exports in March and multiple stock offerings from various companies dampened enthusiasm.

Paperback will survive e-readers: Mondadori

Newer technologies like electronic readers will never fully usurp demand for traditional books that offer the joy of leafing through pages on a beach, Italian publisher Mondadori's CEO said on Tuesday.

New virus could still mutate, spark pandemic: WHO

The new H1N1 flu virus could still mutate into a more virulent form and spark an influenza pandemic that could be expected to circle the globe up to three times, the World Health Organization said on Tuesday.

GM shares fall to 76-year low after execs dump stock

General Motors Corp stock plunged more than 22 percent to a 76-year low on Tuesday, a day after GM's top executives dumped their shares as the automaker heads toward a bankruptcy or a restructuring that would all but wipe out existing shareholders.

BofA and other U.S. banks scramble for capital

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

Nokia halts investment in media-sharing site

Nokia, the world's biggest cell phone maker, said on Tuesday it would halt investment in its first major Internet service push, a media sharing site, as part of a revamp of its services strategy.

Market drops as financials drag; S&P below 900

U.S. stocks extended losses on Tuesday as financial shares slid sharply for a second straight day and investors worried that there are too few catalysts on the horizon to sustain the recent rally.

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