IBT Staff Reporter

Migrant workers from Bulgaria and Romania will only be allowed gradual access into the United Kingdom after these two countries join the European Union, a UK government minister said Tuesday.

The US Bureau of Economic Analysis released on Tuesday personal income data for the second quarter of 2006 which showed that personal income growth slowed to 1.7 percent following two quarters of 2.2 percent growth.

The European Commission launched an investigation on Tuesday into the level of interest rates 'Poste Italiane' receives on money it has deposited at the Italian treasury since 2005.

Oil prices were slightly higher Tuesday after a rally the day before lifted crude futures by almost $1 a barrel on worries that the recent drop in prices could prompt OPEC to cut production.

Nokia, the world's largest cell phone distributor, announced it is working with international community of music connoisseurs on Tuesday, aiming to unite experts of different musical genres to keep enthusiasts in touch with the latest music.

Budget airline Ryanair today out forward a complaint to the European Commission, reports Reuters.

Nokia today introduced the new all in one multimedia computer N95. Included in the computer is “a pioneering 2 mway slide concept, integrated GPS functionality

The USA has dropped from being the most globally competitive country in the world to being the sixth in a report by the World Economic Forum released today.

Enterprise Inns Plc today that it’s Board expected pretax profit and earnings per share to be in line with its expectations.

Entertainment Rights Plc today announced its interim results for the six months ended 30th June 2006.

Nokia, the worlds largest cell phone-maker, unveiled new multimedia phones for U.S. consumers on Tuesday.

IBM unveiled a new approach to the services market on Tuesday, inaugurating the the formation of its new Integrated Communications Services unit.

Network technology company Cisco Systems announced on Tuesday a significant investment in foreign development, with an initiative in Turkey totaling $275 million.

A unit of JPMorgan Chase & Co. botched a trade for a basket of Japanese stocks on Monday when it mistakenly sold shares linked to the wrong index, helping spark a brief fall in the market.

Electronic Arts, the worlds largest video game maker, released the latest iteration of its popular basketball game franchise, NBA Live 07, for American consumers on Tuesday.

Ryanair today announced a five year deal with InviseoMedia to install seatback advertising across its current and future fleet of 239 Boeing 737 800 aircraft.

Will the spending needed to prevent global warming cost the world more than just sitting back, or even enjoying the possible financial benefits of a hotter planet?

Japan's Softbank Corp. (9984.T) plans to raise about $12 billion by securitizing earnings of the cell phone unit it bought from Vodafone Group PLC (VOD.L), a source close to the matter said on Tuesday, allowing it to secure funds at a lower rate than with conventional loans.

Fixed income is likely to be less of an engine for profit growth for Wall Street firms as the United States housing market growth shows signs of slowing after two years of Federal Reserve interest rate hikes.

Fixed income is likely to be less of an engine for profit growth for Wall Street firms as the United States housing market growth shows signs of slowing after two years of Federal Reserve interest rate hikes.

International Business Machines Corp. on Tuesday unveiled the first in a new line of product bundles encompassing hardware, software and technical assistance as it looks to increase its sales to small and medium-sized companies.

Buyers in the $565 billion market for so-called sub-prime mortgage bonds are clamoring for the high-yield securities, even though experts increasingly warn that pricing has reached irrational levels.

A U.S. industry group called on China on Tuesday to streamline licensing requirements for foreign-invested life insurers seeking to expand their operations and to do away with restrictions on foreign ownership.

The United States fell to sixth place in the World Economic Forum's 2006 global competitiveness rankings, ceding the top place to Switzerland, as macroeconomic concerns eroded prospects for the world's largest economy.

Japanese telecoms and Internet conglomerate Softbank Corp. plans to raise about 1.4 trillion yen (6.31 billion pounds) by securitising the cash flow of its Vodafone Japan operations

Bus and train operator FirstGroup said on Tuesday it had a good first half with new franchises leading to a strong performance across its UK Rail division.

Investment bank Goldman Sachs is set to cash in on changes in the life insurance sector with a new business to buy corporate pension schemes

Video games retailer Game Group said on Tuesday it was confident its full year result would be better than last year despite a delay in the launch of Sony Corp.'s Playstation 3.

RHM reported tough trading at its preserves and baking products business on Tuesday and said annual profit would be even more skewed to the second half than last year