IBT Staff Reporter

On Tuesday hopes of the recession coming to an end were dashed sending U.S. stocks down after reports of the economy and banking sector.

The White House said on Tuesday that North Korea's threat to withdraw from six-party talks was a serious step in the wrong direction and urged Pyongyang to end its provocative threats and live up to its international obligations.

Goldman Sachs Group Inc sold $5 billion of stock to help fulfill what it called its duty to repay a federal bailout, but the government worries a quick return of funds could pressure other banks to repay their aid prematurely.

Intel posted stronger-than-expected results but failed to provide a formal revenue outlook for the current quarter, sending its shares down 4.6 percent.

Time Warner Inc's AOL has asked a federal court to rule that it is not infringing patents held by Yahoo Inc.

Amid a growing push for energy efficient vehicles, Fortune magazine has hit the stands this week with a cover showcasing magnate Warren Buffett and a much expected all-electric E6 car which will hit the Chinese market later this year from manufacturer BYD, a company in which Buffett has a considerable stake.

The President of the Renewable Fuels Association, Bob Dinneen said on Tuesday that eventually, the U.S. government will allow higher levels of ethanol to be blended into gasoline.

Stocks fell on Tuesday as a surprising drop in retail sales dented hopes the recession was abating and financial shares slid on fears that Goldman Sachs' share offering could prompt others to follow suit.

Twitter website appears to be clear of traces from the worm that attacked the social networking site over the weekend.

Hopes of seeing the end to the recession were crushed on Tuesday at the U.S. retail sales saw an unexpected drop of 1.1 percent in March compared to the previous month, the Commerce Department said.

A wealthy Florida yacht broker, caught up in a federal probe of UBS AG , pleaded guilty on Tuesday to using the Swiss bank to hide more than $3 million in assets from the U.S. government.

The influential chairman of the U.S. House Financial Services Committee, Representative Barney Frank, on Tuesday welcomed Goldman Sachs Group Inc's plan to repay government bailout funds and said worries it could stigmatize other banks were silly.

Intel Corp posted stronger-than-expected results but gave only an informal revenue outlook for the current quarter, sending its shares down 5 percent after hours on Tuesday.

On Tuesday Federal Reserve Chairman Ben Bernanke said the recession may be easing and the sharp decline in the economic activity may be on the decline due to the ‘tentative signs’ that are present.

Stocks fell on Tuesday as a surprising drop in retail sales dented hopes the recession was abating and financial shares slid on fears that Goldman Sachs' share offering could prompt others to follow suit.

Federal Reserve Chairman Ben Bernanke said Tuesday the latest figures on housing and consumer spending suggest a rapid contraction in the economy could be easing.

Sales at U.S. retailers unexpectedly fell 1.1 percent in March after rising for two straight months, government data showed on Tuesday, dimming hopes the 16-month-old recession was close to hitting bottom.

A British police watchdog group will investigate a second suspected incident of police violence during demonstrations against the G20 this month after video footage emerged on Tuesday of an officer lashing out at a woman.

Stocks fell on Tuesday as a surprising drop in retail sales dented hopes that the recession was abating and financial shares slid on fears that a stock offering by Goldman Sachs could prompt others to follow suit.

Research analysts are often criticized for overly promoting companies they follow despite obvious risks, but they missed the boat with an uncharacteristically conservative stance on Dendreon Corp.

Utility firm PG&E, California's largest, is approaching renewable energy in a much different way by completing a deal to be provided with solar energy from space starting in 2016.

The New York Times led the pack of nominees for the Webby Awards on Tuesday with 13 nominations, and comedy Web site FunnyOrDie.com also gained attention for its gay marriage video Prop 8: The Musical.

American battery maker A123 Systems secured more than $100 million in refundable tax credits from the state of Michigan to establish plants in the state needed to manufacture of its lithium-ion batteries as demand for them grows, the company announced Tuesday.

Several investment firms are being investigated over whether they made improper payments to intermediaries to gain business from New York state's pension fund, sources familiar with the investigation said on Tuesday.

Chrysler LLC's first-lien lenders are preparing a counter-offer for the U.S. Treasury that might include equity in a Chrysler-Fiat alliance and some cash in exchange for abandoning their claim to some $7 billion in debt, sources with knowledge of the matter said.

Oil slipped under $50 a barrel on Tuesday on forecasts for softer 2009 global petroleum demand and for a weekly build in U.S. crude supplies.

Swiss banking giant UBS is likely to cut upwards of 10000 jobs as it succumbs to the global financial meltdown.

On Tuesday, Microsoft announced the X3 mouse as a new addition to its SideWinder gaming products, featuring 2,000-dpi laser-tracking engine, five programmable buttons, and macro recording.

Today, Microsoft has finally ended mainstream support for Windows XP and Office 2003 meaning that there is now a charge for customer who needs assistance on per-incident.