IBT Staff Reporter

U.S. stocks on Tuesday fell for the first time in four days after Goldman Sachs predicted anks will have to raise $65 billion in new capital to cover losses in the face of economic data that further highlights soaring inflation amidst a troubled housing market.

Marvel's latest superhero movie The Incredible Hulk opened its first weekend with a better than expected $54.5 million, standing in at the first place at the North America Box Office.

Gold futures rebounded on Monday and closed with strong gains after the U.S. dollar declined, boosting the investment appeal of the precious metal.

Zimbabwe's President Robert Mugabe threatened to arrest Morgan Tsvangirai, the opposition leader who faces Mugabe in a runoff election for president June 27, according to media reports released on Monday.

Britain's Prime Minister Gordon Brown said on Monday the country will freeze assets of Iran's largest bank in a further move to discourage the country from developing nuclear weapons, after which he also announced additional troops for Afghanistan.

U.S. stocks fell on Monday for the first time in three days, giving back some of Friday's gains, after a bigger-than-expected drop in New York state manufacturing and a decline in the dollar cast doubts about the state of the U.S. economy, while oil jumped $4 a barrel.

Lehman Brothers Holdings Inc's chief executive Richard Fuld said the fourth largest U.S. investment bank is 'sound' as it matched its previous loss forecast on Monday by restating an unacceptable $2.8 billion loss for the second fiscal quarter.

Europe was thrown into political chaos Friday by Ireland's rejection of the Lisbon Treaty, a negotiated blueprint for consolidating the European Union's power and streamlining its increasingly unwieldy bureaucracy.

The economy is in a bad place and people are casting about, sometimes desperately, for ways to ease the crunch. I know this because of the contents of my e-mail inbox, which grows more outlandish all the time.

Oprah Winfrey does it -- and even blogs about it. As more celebrities jump on the detox bandwagon, it's also catching on with the general public. But some medical professionals say these body cleansing diets are not only unnecessary, they can be dangerous.

Gold gained on Friday, erasing earlier losses on speculation that higher food and energy prices will spur inflation, while the dollar strengthened against the euro and other major currencies, lowering the investment appeal of the precious metal.

A group led by NBC Universal appears to be moving forward with plans to acquire The Weather Channel, after Time Warner Inc. withdrew its bid for the channel, according to media reports released on Friday.

China's main stock index Friday fell 3 percent to a 15-month low, and totally 13.84 percent decline in the week, making a more than 11 years biggest weekly decline record since December 1996.

U.S. stocks rose on Friday, paring the week's losses, after oil retreated and by a rising dollar while some measures of inflation matched economists' forecast, damping speculation the Federal Reserve will boost interest rates this year.

Gilead Sciences Inc. said on Friday that its Aztreonam lysine treatment for cystic fibrosis met positive results in a Phase III clinical study designed to determine the safety and efficacy of the drug.

American International Group Inc's financial-products division has come under scrutiny in government probes, The Wall Street Journal reported on Friday.

U.S. senator Charles Grassley asked to scrutinize if the drug maker GlaxoSmithKline Plc withheld safety information that linked its drug Paxil to suicide risk.

Since Wednesday, June 4, natural gas spot prices increased at most markets in the Lower 48 States, as a heat wave gripped much of the Lower 48 States. However, prices eased in trading yesterday (June 11) in response to

Crude oil futures ended with gains on Thursday as speculation rose that a renewed strike in Nigeria may curb supplies.

Gold futures fell on Thursday to a five week low after the dollar rebounded, lowering the investment appeal of the precious metal.

Lehman Brothers Holdings, Inc is replacing a pair of its top level managers in the same week it announced an expected $2.8 billion loss for the second quarter.

The FTSE 100 share index rose early on Thursday. By 9:18 am the index had risen 0.6 per cent by 34.7 points to 5,758.9.

US coffee chain Starbucks has announced its intentions to open 150 new outlets in Britain, France and Germany in the next three years in a deal with SSP. SSP is a UK group which runs Burger King and Pizza Hut stores.

Home Retail Group, owner of Homebase and Argos, said on Thursday that like for like sales in Homebase stores fell 12 per cent in the 13 weeks to 31 May to £440 million.

Carphone Warehouse profits were up 75 per cent to £216 million in the year ended 29 March 2008, the telecoms company said on Thursday. Revenue for the group also rose by 12 per cent to £4,474 million.

Mining firm Eurasian Natural Resources Corp (ENRC) said on Wednesday that positive trends in the first quarter of the year had continued into the second quarter.

The UK is to become the subject of disciplinary proceedings from the European Commission as its budget deficit continues to grow.

The gaming rooms at Monaco’s famous Monte Carlo Casino resonate with people trying their luck at the baccarat, poker, and craps tables. No one knows who will break the bank or who will go home broke. Although wise gamblers

Royal Bank of Scotland (RBS) said on Wednesday that its results for the first six months of the year should be satisfactory and in line with previous guidance.