IBT Staff Reporter

Stock index futures pointed to a higher open on Wall Street on Tuesday, with futures for the S&P 500 up 0.37 percent, Dow Jones futures up 0.35 percent and Nasdaq 100 futures up 0.48 percent at 4:35 a.m. EDT.

Taiwanese smartphone maker HTC Corp said on Tuesday it sees a 55 percent jump in revenue in the second quarter from the previous three months, matching forecasts, while margins will also improve.

The Bank of Japan is likely to ease monetary policy on Friday by boosting asset purchases by up to 10 trillion yen ($123 billion) and in doing so may extend the maturity of government bonds it targets to around three years, according to sources familiar with the central bank's thinking.

Google's former chief executive, Eric Schmidt, is slated to testify on Tuesday as Oracle's final witness in the first part of a high stakes trial over smartphone technology, attorneys said in court.

The wild ride in Apple shares this year could get even more interesting when the company reports quarterly results after the bell on Tuesday.

European share markets and the single currency staged modest recoveries on Tuesday, after steep losses caused by the worsening performance of the euro zone economy and a sharp rise in concern over the political will to fix its fiscal problems.

Google Inc executives Larry Page and Eric Schmidt and filmmaker James Cameron are among those bankrolling a venture to survey and eventually extract precious metals and rare minerals from asteroids that orbit near Earth, the company said on Tuesday.

A new biotech corn developed by Dow AgroSciences could answer the prayers of U.S. farmers plagued by a fierce epidemic of super-weeds. Or it could trigger a flood of dangerous chemicals that may make weeds even more resistant and damage other important U.S. crops.

China's rigid capital rules ban its citizens from investing directly in Apple Inc but that's not keeping them from seeking a piece of the iPhone maker's success by buying shares in its suppliers - and even companies rumored to be suppliers.

Asian shares fell and the euro was under pressure on Tuesday as political uncertainty and slumping business in Europe raised fears the euro zone could struggle to push through austerity measures and may stay in recession longer.

Toshiba Corp is no longer bidding for bankrupt Japanese chip maker Elpida Memory, sources close to the talks said, leaving a handful of foreign firms including SK Hynix and Micron Technology in the race to take over the company.

Google Inc is preparing to roll out a service to let consumers store photos and other content online, a source familiar with the matter said, pushing into a market now dominated by the likes of Dropbox and Box.

Asian shares inched up on Tuesday but gains were limited as political uncertainty and disappointing data in Europe raised fears the euro zone could struggle to push through austerity measures and may stay in recession until late in the year.

Asian shares inched up on Tuesday but gains were limited as political uncertainty and disappointing data in Europe raised fears the euro zone could struggle to push through austerity measures and may stay in recession until late in the year.

Swiss food group Nestle SA may sell about 10 to 15 percent of the $11.9 billion baby food business it is buying from Pfizer Inc to address antitrust concerns, Bloomberg News reported on Monday.

Swiss food group Nestle SA may sell 10 to 15 percent of the $11.9 billion baby food business it is buying from Pfizer Inc to address antitrust concerns, Bloomberg News reported Monday.

Video rental company Netflix Inc projected slower subscriber growth this quarter for its key U.S. video-streaming service, disappointing investors and sending its shares down 17 percent after hours.

The union representing seven work groups at bankrupt American Airlines will vote starting next week on the carrier's best and final contract offer, with results expected before unions testify in a hearing on the airline's request to void their contract, three sources said on Monday.

Microsoft infringed Motorola Mobility's patents in making its popular Xbox gaming consoles, a judge for the International Trade Commission ruled on Monday.

A Chinese company may be in violation of international arms and material sanctions against North Korea.

Video rental company Netflix Inc reported a first-quarter loss that was not as steep as Wall Street feared but shares fell after disappointing guidance for subscriber additions next quarter.

Stocks fell on Monday as political turmoil in Europe cast doubts on the euro zone's ability to push through measures to end its debt crisis and as Wal-Mart sank following a report it stymied a bribery probe.

Facebook will pay Microsoft Corp $550 million for hundreds of patents that originated with AOL, beefing up its intellectual property arsenal.

Facebook Inc's first-quarter revenue climbed 45 percent to just over $1 billion as daily active users leapt 41 percent, the world's largest social network disclosed ahead of its landmark initial public offering.

American Airlines kicked off a week-long court hearing on its bid to abandon union contracts, telling a judge on Monday that its bankrupt parent, AMR Corp, cannot survive without major concessions from its labor force.

Chesapeake Energy Corp's chief executive came under fire last week after Reuters reported that he used his stakes in company wells to take out as much as $1.1 billion in personal loans.

U.S. stocks fell more than 1 percent on Monday as political turmoil in Europe cast doubts on the bloc's ability to push through measures to end its debt crisis and as Wal-Mart sank following a report it stymied a bribery probe.

Mexican lawmakers called on authorities on Monday to investigate allegations of bribery at the Mexico unit of Wal-Mart Stores Inc, even though prosecutors said it may not be a federal matter.

Even as uplifting news about the suspension of EU sanctions spreads throughout Myanmar, new concerns over the future of the country arise from fresh disputes in parliament.