IBT Staff Reporter

Data Robotics has released its first small and medium businesses (SMBs) data storage system that manages itself.

U.S. consumer borrowing fell more steeply than expected in February as credit and charge card use dropped by the most on record, a Federal Reserve report showed on Tuesday.

Two-thirds of U.S. chief executives plan additional layoffs and expect sales to decline in the next six months as their confidence in the economy continues to fall, according to a survey released on Tuesday.

Oil fell nearly $2 a barrel on Tuesday, tracking U.S. stock market losses ahead of what is expected to be a miserable first-quarter earnings season, while the market eyed another rise in U.S. crude inventories.

Oil fell nearly $2 a barrel on Tuesday, tracking U.S. stock market losses ahead of what is expected to be a miserable first-quarter earnings season, while the market eyed another rise in U.S. crude inventories.

U.S. consumer borrowing fell sharply in February after rising for the first time in three months in January a Federal Reserve report showed on Tuesday.

Google Inc helps newspaper websites make money through online advertising and does not misappropriate their content, a lawyer for the search engine said on the company's blog on Tuesday.

The number of empty seats on planes flown by U.S. airlines is rising this year despite aggressive fare sales and capacity cuts, darkening the outlook for industry earnings in the first quarter and beyond.

As the effects of the receding economy hit aluminum giant Alcoa Inc hard with a $1.2 billion loss late last year, the biggest announcement for metal producer in the first three months of the new year was its plan to substantially reduce costs and raise cash by 2010.

Cisco System and Dell are unlikely to bid on Sun, nor are other possible suitors, analysts are predicting, following the reported breakdown of talks with Sun and IBM.

Stocks tumbled on Tuesday on jitters over what is expected to be another bleak earnings season and following news General Motors was said to be in intense preparations for a possible bankruptcy filing.

Oil fell below $50 a barrel on Tuesday, tracking U.S. stock market losses ahead of what is expected to be a miserable first-quarter earnings season, while the market eyed another rise in U.S. crude inventories.

Alcoa Inc shares fell on Tuesday, hours before the aluminum producer was scheduled to report what was expected to be a second consecutive quarterly loss.

General Motors Corp is in intense and earnest preparations for a possible bankruptcy filing, a source familiar with the company's plans told Reuters on Tuesday.

Google Inc helps newspaper websites make money through online advertising and does not misappropriate their content, a lawyer for the search engine said on the company's blog on Tuesday.

President Barack Obama flew to Baghdad on Tuesday to meet U.S. military commanders and Iraqi leaders and assess security there first-hand after announcing a strategy to wind down the six-year war he opposed.

U.S. stocks fell on Tuesday as investors braced for what is expected to be another dismal earnings season and the specter of bankruptcy at General Motors resurfaced.

U.S. diversified manufacturer Emerson Electric Co cut its 2009 profit forecast on Tuesday, saying that customers across its business segments had reduced their spending.

The chief executive of Goldman Sachs said on Tuesday the economic crisis had been deeply humbling for financial firms, and banks receiving taxpayer bailout money need to pay back the funds as soon as possible.

The Empire State Building is going green in a model project that will save about $4.4 million a year on energy.

China urged the U.N. Security Council on Tuesday to act carefully in responding to North Korea's rocket launch, maintaining there is a basic distinction between satellite and missile technology.

Spain's Prime Minister Jose Luis Rodriguez Zapatero on Tuesday dumped veteran economy minister Pedro Solbes in a cabinet reshuffle aimed at reviving a government struggling with a deep recession.

U.S. President Barack Obama plans to visit Kazakhstan as part of a wider tour of Central Asia, Kazakhstan's upper house of parliament quoted him on Tuesday as saying.

U.S. President Barack Obama ended his trip to Muslim Turkey on Tuesday by calling for peace and dialogue with Islam and the creation of a Palestinian state living side by side with Israel.

The United States has long served to draw top talent from other countries, particularly into its Information Technology sector, but a new push from lawmakers may limit the number of new workers that can enter the country.

General Motors Corp is in intense and earnest preparations for a possible bankruptcy filing, a source familiar with the company's plans told Reuters on Tuesday.

Four finance centers blacklisted last Thursday in a renewed crackdown on tax fraud were taken off the list on Tuesday after committing to international standards on bank information disclosure.

Pfizer Inc said on Tuesday it will have two research chiefs -- one in charge of traditional medicines and one in charge of biotech drugs and vaccines -- when the drugmaker completes its planned purchase of smaller U.S. rival Wyeth .

More than two-thirds of U.S. chief executives plan additional layoffs and expect sales to decline in the next six months as their confidence in the economy continues to fall, according to a survey released on Tuesday.