IBT Staff Reporter

On Tuesday Israeli troops advanced into the densely populated Gaza suburbs for the first time leaving residents terrified as they ran for cover. Soldiers are searching alleyways and cellars to find Hamas fighters.

Yahoo! Inc. has appointed Carol Bartz as its new Chief Executive Officer on Tuesday and reactions from analysts are seeing the move as safe but concerned on her experience in key areas Yahoo is involved.

Parts of Europe spent yet another day without gas as the Russian and Ukrainian energy providers failed to reach an agreement on supplies as promised, with hundreds of thousands of Europeans beginning a second week with little or no heat in their homes, offices or schools.

Crude oil plunged below $37 a barrel after the U.S. government reported crude stockpiles jumped the highest since August 2007 as demand for fuel shrinks.

Today is National Amber Alert Awareness Day, when Amber Hagerman went missing 13 years ago, is now being remembered for that very reason.

Tonight, Tuesday, Season 8 of American Idol premieres and the newest addition to the team of judges is Kara DioGuardi.

A Study released Tuesday, that the popular Vicks VapoRub poses risk to infants and toddlers Well-Known Remedy May Cause Breathing Problems.

President-elect Barack Obama plans to nominate his top technology advisor, Julius Genachowski, to be chairman of the Federal Communications Commission, Democratic official said Monday.

With the number of deaths rapidly increasing daily, Gazans are having difficulty finding place to bury the dead.

On Tuesday Ethiopia handed over security duties to a Somali force, raising fears that the Horn of Africa country collapse into chaos if extremists allegedly linked to al-Qaida move to seize power.

The Kansas City Chiefs have formally announced the hiring of Scott Pioli as general manager today, and will formally hold a press conference to introduce Pioli on Wednesday.

Frank Bush replaces Richard Smith as Texans promoted him to defensive coordinator on Tuesday.

The newly reunited New Kids on the Block are jumping on board a ship for a concert cruise later this year.

University of Georgia junior cornerback Asher Allen announced on Tuesday afternoon that he will be entering the 2009 NFL Draft.

Yahoo announced that Carol Bartz has accepted offer to become next CEO of the company. The move marks the end of the 2-month search for the new Executive to replace current CEO and co-founder Jerry Yang.

Free agent Derek Lowe agreed to terms on a four-year contract with the Braves.

Lil Kim isn't happy about how she's portrayed in the new biopic about the late rapper, Notorious B.I.G.'s life, Notorious.

The company is splitting to ultimately reduce its overall mission to two areas only: wholesale banking for large corporate clients and retail banking, according to the Wall Street Journal

Treasury Secretary designate Timothy Geithner explained himself to senators after questions were raised about his non-payment of taxes and the immigration status of a former housekeeper.

The television network Fox entertainment president, Kevin Reilly, said Tuesday the network is not planning massive layoffs despite tough times in the entertainment industry and the overall economy.

President-elect Barack Obama urged Democratic Senators in a meeting today, to approve the remaining $350 billion of the bailout package saying the money was essential to helping the economy.

Soap star and TV host Alison Sweeney has welcomed her second child with husband Dave Sanov.

Senator Hillary Clinton said Monday that America's gravest threat is that terrorists will obtain weapons of mass destruction.

Africa has seen its worse outbreak in nearly a decade with more than 2,000 people dead from Cholera and 40,000 others suffering from this normally preventable illness.

The Watchmen lawsuit over the movie's distribution rights has been dragged nearly yearlong and is costing Warner Bros. and 20th Century Fox hundreds of thousands of dollars in legal fess and according to those familiar with the dealmaking say both companies are close to reaching a settlement, reported The Hollywood Reporter.

Eddy Curry's former limo driver accused the NBA Knicks center in a lawsuit, filing a porn-ready suit against him.

RCN Corporation a leading provider of video, data, and voice services to residential, business and commercial and or carrier customers, said it is launching a contest that will send the winner on a Red Sox spring training vacation.

Yahoo is expected to announce that Carol Bartz has accepted offer to become next CEO of the company, people familiar with the situation said, according to the Wall Street Journal.

Oil futures rebounded for the first time in six days in New York after Saudi Arabia said it will cut its February production.