IBT Staff Reporter

General Electric Co plans to invest $100 million in a factory to build high-tech batteries for heavy equipment, which it believes could be a $1 billion business over the next decade.

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.

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.

Lance Bass and Kristi Yamaguchi give T+L some tips on how to samba, waltz, tango, and more when traveling.

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.

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.

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.

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.

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.

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.

These new hotel hangouts around the country serve up jaw-dropping views along with inventive cocktails.

The U.S. trade gap widened in March for the first time in eight months as exports fell 2.4 percent and imports dropped for the eighth consecutive month, a U.S. government report showed on Tuesday.

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.

Citigroup Inc said on Tuesday that the committee overseeing its use of $45 billion of taxpayer money had approved the use of nearly all of that sum to make loans.

New York Times Co board member Scott Galloway said on Tuesday he did not contact Google Inc Co-founder Larry Page to try to get the Internet company to buy the newspaper publisher.

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.

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.

Integrity Mutual Funds, Inc., a mutual fund and financial services company, today reported a revenue drop of 46 percent for the first quarter of 2009.

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.

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.

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.

Alpha Natural Resources on Tuesday said it has acquired Foundation Coal Holding for $2.0 billion, after gaining higher first quarter profit, making the company to be the third largest coal producer in America.

General Electric Co plans to invest $100 million in a factory to build high-tech batteries for heavy equipment, which it believes could be a $1 billion business over the next decade.

Improved credit markets have brought stabilization to the economy but it is still not clear when growth will resume, General Electric Co Chief Executive Jeff Immelt said on Tuesday.

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.

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.

General Electric announced Tuesday it will open a new factory to manufacture high tech batteries in upstate New York, creating 350 new jobs.

When even Moody's chimes in and notes that the Fed's Adverse Case assumptions are in line with their Base Case assumptions,

Higher unemployment, slow global growth and persistent government intervention in financial markets and companies will become the new normal for world economies, the chief executive of top bond fund Pimco said on Tuesday.