IBT Staff Reporter

The Walt Disney Co posted a 26 percent earnings drop on Tuesday as the global downturn ate into ad sales and consumer spending, but company executives said the worst may be over for its key media networks and theme parks businesses.

Federal Reserve Chairman Ben Bernanke, seeking to soothe markets worried about the eagerly awaited government stress tests of 19 big banks, on Tuesday downplayed the possibility of new taxpayer bailouts.

The Obama administration stepped up pressure on Israel's new government on Tuesday to accept the goal of a Palestinian state and halt expansion of Jewish settlements on occupied land.

The father of the money market mutual fund -- investor Bruce Bent -- was charged with fraud by U.S. regulators on Tuesday over accusations he deceived investors into believing his flagship fund was safe before it broke the buck last year.

The father of the money market mutual fund -- investor Bruce Bent -- was charged with fraud by U.S. regulators on Tuesday over accusations he deceived investors into believing his flagship fund was safe before it broke the buck last year.

A small group of Chrysler's lenders who have objected to the Obama administration's plan for a quick dash through bankruptcy must identify themselves, in spite of death threats, a U.S. judge ruled on Tuesday.

Oprah has teamed up with fast food giant KFC to offer its newest menu item free of charge as part of its “unthink” campaign.

U.S. Representative Barney Frank will unveil legislation on Wednesday to roll back a U.S. ban on online gambling, he said in a statement on Tuesday.

NEW YORK (Reuters) - Broadcom Corp's (BRCM.O) $764 million bid for Emulex Corp (ELX.N) turned hostile on Tuesday as the chipmaker took its offer directly to Emulex shareholders at the same price that the company had rejected.

NEW YORK - U.S. President Barack Obama's administration issued a draft rule on Tuesday aiming to cut greenhouse gasses emitted by biofuels but confirming his predecessor's target for production of corn-based ethanol.

FRANKFURT - The senior labor leader of German carmaker Opel (GM.N) warned that Fiat's (FIA.MI) ambitious growth strategy was an all-or-nothing bet, rejecting the Italian rival's takeover concept for the GM Europe brand.

GM General Motors Corp. says it may offer current shareholders a reverse stock split where they would receive one share of new stock for every 100 shares they currently own.

The father of money market funds, Reserve Primary Fund founder Bruce Bent Sr., was among those charged with fraud on Tuesday by securities regulators for allegedly failing to tell investors about the fund's vulnerability to Lehman Brothers' bankruptcy.

Emerson once said, “If I have lost confidence in myself, I have the universe against me.” We are living in times when panic is running high and confidence is running low

The U.S. Federal Reserve rejected a request to force credit card companies to immediately halt retroactive interest-rate increases on existing balances, Democratic Senator Charles Schumer said on Tuesday.

If “lean and mean” meant something in the work force two years ago, that motto has ascended to near mantra status by now. Clearly--whether by choice or circumstance--companies are trying to get the job done with fewer employees.

The latest rumor making the rounds of the blogosphere suggests that Apple is in talks to buy Twitter for as much as $700 million.

Dear Sam: I currently own and run a very successful consulting business on a part-time basis. I also maintain a full-time job. My question is how I incorporate my skills and experience gained from my own business onto my résumé. The work experience is tremendous. – Shawn

Federal Reserve Chairman Ben Bernanke testified at the Joint Economic Committee on Tuesday that he never asked Kenneth Lewis, chief executive officer of Bank of America Corp., to remain silent about the Merrill Lynch & Co. losses, before its January 1 acquisition.

U.S. Representative Barney Frank will unveil legislation on Wednesday to roll back a U.S. ban on online gambling, he said in a statement on Tuesday.

Lawyers for Craigslist met with several state lawyers Tuesday to discuss blocking the social networking site's erotic services ads, which have been linked to recent high-profile murders.

U.S. stocks fell on Tuesday as cautious investors fretted about impending bank stress test results and energy shares succumbed to the pressure of lower oil prices.

Atlas Air Worldwide Holdings Inc on Tuesday said its first quarter revenue fell deeply due to deconsolidation of Polar Air Cargo eliminates losses on fuel and yield risk level from its core business.

The U.S. Department of Energy will provide $786.5 million to increase the use and production of domestic renewable fuels, Secretary Steven Chu announced on Tuesday.

As Microsoft continues to prepare for the upcoming release of its Windows 7 operating system, the software giant announced Tuesday it will eliminate up to 5,000 jobs by June next year.

HP unveils a high-speed digital color press consisting of 30-inch-wide HP Inkjet Web Press targeting high-volume production operations.

The Executive Board of the International Monetary Fund (IMF) approved a two-year loan valued by $17.1 billion for Romania to help the country get through the global economic crisis, the IMF's said in a statement Monday.

U.S. stocks fell on Tuesday as cautious investors fretted about impending bank stress test results and energy shares succumbed to the pressure of lower oil prices.

The Walt Disney Co , the No. 1 U.S. entertainment company, reported lower quarterly profit due to sharply weaker performances at its theme parks, movie studio and media networks, but it beat Wall Street expectations.