IBT Staff Reporter

Money manager BlackRock Inc is launching more distressed securities funds to take advantage of the current credit market troubles, Chairman and Chief Executive Laurence Fink said on Tuesday.

Shares of E*Trade Financial Corp rebounded on Tuesday as investor fears eased a day after an analyst said mounting credit losses of the online banking and brokerage company could put it at risk of bankruptcy.

U.S. stocks snapped a four-day losing streak on Tuesday with Nasdaq notching its biggest gain in more than four years after news that Apple Inc was in talks to offer iPhones in China sent investors bargain hunting among battered technology stocks. years after news that Apple Inc was in talks to offer iPhones in China sent investors bargain hunting among battered technology stocks.

Mount Everest allowed China's largest cell phone service provider to reach new heights as a transmission station test were successfully completed on Tuesday, according to a state news agency.

While China may be getting most of the attention -- and the blame -- for a rash of recent toy recalls, the majority of problematic toys in fact come from other countries, according to a new Canadian study. If found toys made in countries other than China had a higher rate of recalls.

Federal Communications Commission (FCC) Chairman Kevin Martin announced on Tuesday, changes to the agency's media-ownership rules which previously prohibited multiple media-ownership by a company.

Bank of America Corp, the second-largest U.S. bank, said on Tuesday it expects to write down $3 billion of debt in the fourth quarter as fallout from the nation's housing slump deepens.

On Monday, during Oracle’s ongoing Openworld convention in San Francisco, Advanced Micro Devices’ (AMD) chief executive officer made a call to improve the business environment through innovative technology.

Image-conscious drivers love their hybrid cars but truck operators say hybrid is too expensive.

The U.S. Defense Department on Tuesday informed lawmakers about a possible sale to Taiwan of Patriot missile system upgrades valued at $939 million and supplied by U.S. defense contractor Raytheon Co.

Bank of America Corp, the second-largest U.S. bank, said on Tuesday it has suffered a $3 billion loss stemming from its exposure to collateralized debt obligations. The pretax loss would be reflected in fourth-quarter results, and could grow if market conditions worsen, according the Merrill Lynch Chief Financial Officer Joe Price.

The parent of Alibaba.com Inc and Japan's Softbank Corp are in talks to set up a Japanese joint venture possibly next year that will boost the Chinese e-commerce company's footprint in that market, Softbank's top executive said on Tuesday.

NTT DoCoMo Inc, Japan's biggest mobile phone operator, expects to bid at least US$1 billion for a stake in Vietnam's No.2 mobile phone carrier and is eyeing investments in other Asian countries, an executive said.

China Yunnan Copper, China's third-largest copper producer, said on Tuesday a takeover of Rio Tinto Ltd by BHP Billiton Ltd would not be a cause for alarm for Chinese customers of raw materials.

India is trying to simplify procedures for foreign investors to invest in Indian hospitals and hotels, the tourism minister said on Tuesday, forecasting $6.5 billion flowing into the sector in the coming years.

Eastman Kodak Co will sell its stake in Lucky Film Co Ltd, ending a four-year partnership with China's biggest photo film manufacturer, the two companies said on Tuesday.

Indian communists have not changed their position on a controversial nuclear deal with the United States and do not want the government to pursue key steps needed to clinch it, left leaders said on Tuesday.

Stocks, rebounding from a string of losses, rose 1 percent on Tuesday on higher-than-expected profit at Wal-Mart Stores Inc and oil prices below $93 a barrel.

There was no doubt that for the many baby-boomer parents in attendance, the title character of Dr. Seuss' How the Grinch Stole Christmas! The Musical emerges as a surprisingly sympathetic figure.

Labor disputes have wrought what just a few months ago was unthinkable in contemporary New York: slowing the city's hard-charging entertainment industry.

Tom Cruise's Lambs got slaughtered at the worldwide box office.

British-based mobile phone giant Vodafone Group Plc raised full-year profit and sales forecasts on Tuesday after a strong set of half-year results topped consensus expectations, sending its shares climbing.

Europe's biggest bank HSBC Holdings is expected to report another big hit from its exposure to the U.S. mortgage crisis on Wednesday, when it will also release a group trading update.

Intel Corp, the world's top PC microchip maker, said on Tuesday it is seeing strong orders from its Taiwan manufacturing clients, despite expectations among some analysts that a slowdown is looming.

Yahoo Inc is offering consumers in Latin America's three largest markets a set of mobile Internet search services, paving the way for network carrier partners to offer Yahoo services of their own.

Citigroup Inc, the largest U.S. bank, on Tuesday overhauled the structure of its investment bank, combining equity and debt capital markets activities.

An agreement on how to divide the world's radio-frequencies among satellite operators, mobile phone companies and broadcasters is close, industry and diplomatic sources said on Tuesday.

Ericsson, the world's biggest maker of mobile networks equipment, expects its China sales growth to exceed 10 percent per year in 2007 and 2008 amid robust demand in the world's fastest-growing major economy.

Microsoft (NASDAQ:MSFT) and the DAISY digital talking books consortium are to work together on a tool for the blind and otherwise print-disabled that translates Microsoft Word documents into a digital audio standard.