IBT Staff Reporter

Two-year treasuries rose on Tuesday after released minutes from the Federal Reserve showed policy makers' view that a recession is likely in the first half of the year.

Copper futures in New York ended falling as U.S. housing data and higher prices rose concerns about lower demand and as the dollar rallied.

Chinese Internet firm Alibaba is speeding up the buyback of its stake owned by Yahoo Inc, as Microsoft Corp threatens to go hostile with a lower bid for Yahoo.

Eurotunnel has reported an annual profit for the first time. The company said that it made a net profit of 1 million euros.

The FTSE 100 share index fell early on Tuesday. At 08:34 on Tuesday the FTSE 100 was down 41.2 points to 5,973.6 (down 0.7 per cent).

BT Group has announced that the head of BT Retail will be succeeding Ben Verwaayen as chief executive of the group on 1 June 2008. Verwaayen is to leave the board of BT completely on 30 June.

By Jon A. Nones SEATTLE (ResourceInvestor.com) The Executive Board of the International Monetary Fund has endorsed a new package of measures to shore up finances, which includes the previo...

Apple saw its shares fell on Tuesday as one Wall Street analyst called investors to sell their shares of the popular electronics maker.

By Julian D.W. Phillips The focus in the Gold Market has always been on the Dollar price of gold, writes Julian Phillips of the Gold Forecaster. And yet we have ample evidence of why we shou...

By Sreekumar Raghavan MUMBAI: Why is Tata Power Co Ltd silent even as environmental groups have urged World Bank to rethink about funding the $4.5 bn 4000 MW ultra mega coal powered Mundra...

The dollar was flat against the euro in late trading on Tuesday after a slight decline earlier in the session following the released minutes from the Federal Reserve's policy meeting last month.

Many Chinese have heard of the iPhone and would wish to have one but can't afford its high price, according to a new study.

American Airlines, the world's largest carrier, said it was canceling as many as 500 flights on Tuesday, and possibly Wednesday, as the airline struggles with further government inspections of its MD-80 aircrafts.

Citigroup is close to concluding a deal to sell off $12 billion of leveraged loans and bonds at a discount rate to a group of private equity firms, as it moves towards clearing off soaring company debt.

Fox International Channels, News Corp.'s pay television unit outside the U.S., acquired a 56 percent stake in European online video advertising network Utarget in an effort to increase its international ad revenue.

Bristol-Myers Squibb Co. agreed today to pay $5 million plus royalties to Repligen Corp. to settle a patent infringement lawsuit for a rheumatoid arthritis treatment.

YouTube and MySpace in Indonesia were blocked on Tuesday after the Indonesian government ordered Internet companies in the country to stop people from watching an anti-Islam film by a Dutch lawmaker.

Water regulator Ofwat said it was planning to fine Severn Trent Water £35.8 million for deliberately providing false information to the regulator and providing poor service to its customers.

Wheat advanced following reports that Pakistan will produce less grain than forecasted due to high fertilizer costs that prompted farmers to reduce planting.

The total losses from the worldwide financial crisis affecting credit markets could reach nearly $1 trillion over the next two years, the International Monetary Fund said on Tuesday.

Medco Health Solutions Inc. bought a majority stake in Europa Apotheek Venlo, for $120 million, a company that provides mail-order pharmacy services and clinical health care to the Dutch and German markets.

Swiss pharmaceutics company Novartis said on Tuesday that its new biological drug in development shows potential in treating serious life-long auto-inflammatory diseases.

Over 700 Wal-Mart locations will allow customers to purchase Time Warner cable, broadband and phone service plans, the companies said on Tuesday.

The Biotechnology Company Antigenics Inc, said on Tuesday that its treatment for kidney cancer was approved in Russia, making it the first cancer vaccine in the world to be in use.

BP and ConocoPhillips announced plans on Tuesday to combine resources and form the Alaska Gas Pipeline, which will produce approximately 4 billion cubic feet of natural gas per day to markets and cost at least $20 billion.

Natural gas futures gained in New York amid speculation that cool weather will reduce inventory gains.

Gold futures fell on Tuesday after the dollar gained against major currencies and the International Monetary Fund approved a plan to sell more than 14.2 million ounces of its gold reserves to narrow the lender's financial shortfall.

Intel introduced a $500 million China fund in an effort to increase investments in companies in the world's biggest semiconductor market.

Morgan Stanley's Chief Executive John Mack said on Tuesday the company's board members, unanimously re-elected by shareholders today, are focused on getting the company back on track.