IBT Staff Reporter

The Bank of New York Mellon said on Tuesday it will meet with the Russian government to discuss settlement of a $22.5 billion lawsuit Russia has leveled against it.

U.S. auto sales dropped by more than 41 percent in February to the lowest level in almost three decades as deepening economic uncertainty drove Americans away from big purchases and new debt despite aggressive discounts from major automakers.

The annual Geneva Motor Show got underway on Tuesday against a backdrop of a global automobile sector crisis as the financial crisis saps consumer confidence and demand for new cars plunges.

Skype, the VoIP service company is using SpinVox to transcribe voice mails and convert send them to text messages that can be sent to cell phones.

Hollywood character, Matt Damon was moved as he listened to a pregnant Zimbabwean woman describe how she was raped and the hardships she faced crossing into South Africa.

Top U.S. movie rental chain Blockbuster has enlisted lawyers to help it raise capital and refinance debt, but stressed on Tuesday it has no plans to file for bankruptcy.

The face of Winston cigarette ads for two decades, Alan Landers, died at 68 after battling throat cancer.

Volkswagen of America Inc., one of the world's largest producers of passenger cars and Europe's largest automaker, said its February sales dropped 17.5 percent.

Volkswagen of America Inc., one of the world's largest producers of passenger cars and Europe's largest automaker, said its February sales dropped 17.5 percent.

In spite of status updates on Facebook, sharing personal videos on Youtube, tweeting to your friends on Twitter, why are users today still so lonely?

NSSF, the trade association for the firearms, ammunition and recreational shooting sports industry, said its firearms sales rose 23.3 percent or 1,259,078 in February, up from 1,021,130 in February 2008.

Apple Inc refreshed its line of Mac desktop computers, adding stronger capabilities and nudging some prices lower as consumer spending feels the pinch of the recession.

Stocks fell in volatile trading on Tuesday, with the S&P ending below 700 for the first time since October 1996 as persistent uncertainty about the amount of money needed to shore up the financial system overshadowed a hunt for bargains.

Sales of previously owned U.S. homes tumbled 7.7 percent in January and auto sales plunged to an almost 30-year low last month, according to reports on Tuesday that indicated the economy's downward spiral was gathering speed.

Top U.S. movie rental chain Blockbuster said on Tuesday it has enlisted lawyers to help it raise capital and refinance debt, but stressed it has no plans to file for bankruptcy.

Stocks fell in volatile trading on Tuesday, with the S&P ending below 700 for the first time since October 1996 as persistent uncertainty about the amount of money needed to shore up the financial system overshadowed a hunt for bargains.

Yahoo Inc Chief Executive Carol Bartz said social network sites are a key area of interest for the Internet media company, even as it tries to figure out how to boost its Web search business.

Hundreds of heavily armed soldiers fanned out across Mexico's bloodiest drug war city on Tuesday, trying to prevent a collapse in law and order just south of the U.S. border.

Pakistani police hunted on Wednesday for gunmen who mounted the bold attack on Sri Lanka's cricket team in Lahore and officials scrambled to figure out who was behind it.

Stocks fell in volatile trading on Tuesday, with the S&P ending below 700 for the first time since October 1996 as persistent uncertainty about the amount of money needed to shore up the financial system overshadowed a hunt for bargains.

Oil prices rose nearly 4 percent on Tuesday on expectations producer group OPEC will cut output again and as stock markets traded higher.

Oil prices rose nearly 4 percent on Tuesday on expectations producer group OPEC will cut output again and as stock markets traded higher.

The financial system bailout may cost the U.S. more in taxpayer dollars than what has been already allocated, Treasury Secretary Timothy Geithner said on Tuesday.

Stocks rose in choppy trade on Tuesday as U.S. equity prices at 12-year lows ignited a search for beaten-down shares and the energy sector led the way up as oil rose.

Acknowledging that U.S. financial bailout costs may rise, Treasury Secretary Timothy Geithner on Tuesday said the Obama administration will work with Congress to determine the size and shape of future rescue efforts

U.S. auto sales dropped by more than 40 percent in February to the lowest level in almost three decades as Americans pulled back from taking on more debt in an economy showing signs of spiraling from bad to worse.

General Motors Corp reported a bigger-than-expected 53 percent drop in February U.S. sales on Tuesday and announced a steep reduction in targeted second-quarter production compared with a year ago.

General Motors Corp reported a bigger-than-expected 53 percent drop in February U.S. sales on Tuesday and announced a steep reduction in targeted second-quarter production compared with a year ago.

Guinea-Bissau swore in the head of its National Assembly as interim head of state on Tuesday, a day after the assassination of President Joao Bernardo Vieira threw the tiny West African country into turmoil.