IBT Staff Reporter

Diversified manufacturer Honeywell Inc said it will manufacture hardware for in-flight internet connectivity for satellite communications company Inmarsat PLC's next generation broadband network.

Yahoo Inc reported an uptick in revenue that marked its first quarterly sales growth in three years, as new Chief Executive Scott Thompson outlined his plan to revamp the struggling Web company.

The chief executives of Oracle Corp and Google Inc took center stage in court on Tuesday as Google's lawyers argued Oracle is trying to hitch a ride on Google's success after abandoning the idea of building its own smartphone.

The International Monetary Fund appeared to be inching toward a deal on increasing its financial firepower on Tuesday, with Japan, Sweden and Denmark committing a total of $77 billion to help contain the euro zone's debt crisis.

U.S. stocks scored their biggest gains in a month on Tuesday after Coca-Cola led a round of strong earnings and as concerns about Europe's debt crisis eased as Spanish bond yields fell.

Nokia's bid to challenge the dominance of Apple's iPhone and Google's Android has failed to convince telecom operators in Europe, depriving it of powerful allies in its fight to regain the top spot in the mobile market.

Yahoo Inc reported a modest uptick in first-quarter revenue and beat Wall Street's profit targets, as the Web company moves to revamp its growth under new Chief Executive Scott Thompson.

Goldman Sachs Group Inc posted a 23 percent decline in quarterly earnings after it dialed down risk-taking in tricky markets, and clients also reduced their appetite for bets.

Enraged hackers broke into the websites of drugmakers that produced pills tainted with poisons, in an attack against what they called the failure of Chinese societyi to protect citizens.

Citigroup Inc shareholders gave a vote of no confidence to the bank's executive compensation plan on Tuesday, dealing a surprise embarrassment to Chief Executive Vikram Pandit.

The International Monetary Fund on Tuesday appeared to be inching toward a deal on boosting its financial firepower with Japan, Sweden and Denmark committing a total of $77 billion to help contain the euro zone debt crisis.

Stocks rallied on Tuesday as investors welcomed a slew of solid quarterly corporate results and after a German investor confidence survey surprised on the upside and Spanish benchmark yields eased.

Declining sales dogged Johnson & Johnson in the first quarter, illustrating the company's struggle to revive growth in all three of its main businesses and tough challenges ahead for incoming Chief Executive Officer Alex Gorsky.

Apple Inc and Samsung Electronics Co Ltd agreed that their chief executives would participate in settlement talks to try to resolve a patent lawsuit over smartphone and tablet technology, according to a court filing.

Apple Inc and Samsung Electronics Co Ltd agreed that their chief executives would participate in settlement talks to try to resolve a patent lawsuit over smartphone and tablet technology, according to a court filing.

Citigroup Inc shareholders gave a vote of no confidence to the bank's executive compensation plan on Tuesday, dealing a surprise embarrassment to Chief Executive Vikram Pandit.

Oracle Corp is trying to obtain a share of Android by asserting its intellectual property rights even though it had nothing to do with the development of the smartphone operating system, an attorney for Google said in court.

Global growth is slowly improving as the U.S. recovery gains traction and dangers from Europe recede, but risks remain high and the situation is very fragile, the International Monetary Fund said on Tuesday.

Oracle Corp Chief Executive Larry Ellison said the software maker had considered building its own smartphone to compete with Apple Inc and Google Inc, but decided it was a bad idea after a weeks-long cost and market analysis.

Bank of America Merrill Lynch has put its wealth management units outside the United States up for sale, three sources familiar with the situation said, hoping to bring in up to $3 billion for the sub-scale business.

UK Prime minister David Cameron is pushing China for a proper investigation of the death of British expatriate, Neil Heywood, which is at the center of a political scandal in China involving disgraced party boss Bo Xilai and his wife Gu Kailai.

Stocks rose sharply on Tuesday as investors welcomed a slew of quarterly corporate results and as a decline in borrowing costs for Spain eased concerns about Europe's debt crisis.

Shintaro Ishihara may not be a household name in the United States. But in East Asia, he is often at the center of international controversy because of nationalistic-themed statements that regularly infuriate China and South Korea -- and on Monday, he did it again.

Output at U.S. factories slipped in March and builders started construction on fewer homes, offering cautionary signals for an economy that appeared to be gaining traction.

Stocks rose on Tuesday as investors welcomed a slew of corporate results and as a decline in borrowing costs for Spain eased concerns about Europe's debt crisis.

Cutting government programs is favored as the way to reduce the budget deficit by more than twice as many Americans as those who favor raising taxes, said a Reuters/Ipsos poll.

The Pentagon says it is making progress in developing weapons for its newest battleground - cyberspace - but still faces funding, technology and policy challenges.

Stocks rose at the open on Tuesday, with the Dow industrials climbing as much as 1 percent, as investors welcomed a slew of corporate results and a decline in borrowing costs for Spain.

American manufacturing output slipped in March and groundbreaking on homes fell, casting a shadow over the economic outlook.