IBT Staff Reporter

68191-68220 (out of 154942)

Major economies losing growth momentum: OECD

Major economies, with the exception of the United States, are losing momentum as the outlook for growth worsens in European and developing countries, the OECD's leading indicator for April showed on Tuesday.

GM to invest $20 mln in Kansas Assembly Plant

General Motors will invest $20 million in machinery and equipment for its Fairfax Assembly plant to add future technologies and improvements of the Buick LaCrosse including eAssist of a light electrification technology that will boost highway fuel economy by 25 percent over the current model.

Giants: Plaxico Burress criticizes Coughlin, courts Jets

Wide receiver Plaxico Burress, released from prison on June 6 after serving time on a weapons charge, was quoted as saying he'd like to play for the New York Jets, and that Giants coach Tom Coughlin's controlling style is what caused him to rebel.

Ford invests in Europe production

Ford Motor Co announced a big boost for its European plants with a plan that included investment of over 800 million euros ($1.2 billion) in Spain and the launch of two new models there.

Wall Street set to rise on China, U.S. data

Stocks were set to rise about 1 percent at the open on Tuesday after Chinese economic data drew investors into an equities market that has been through six weeks of sharp declines.

Glencore plays down ENRC bid talk

Commodities trader Glencore is not considering a bid for embattled miner ENRC, its chief executive said, dismissing reports of a takeover after it disappointed the market with its maiden first-quarter results.

Best Buy beats estimates on strong mobile sales

Best Buy Co Inc beat quarterly profit and sales estimates and backed its earnings outlook for the year, as strong demand for mobile phones, calling plans and tablets offset weakness in its TV business.

Air Canada Preps Strike Backup Plan

Air Canada has said it has contingency plans in place to maintain its full flight schedule, supported by hundreds of managers and non-union staff at nine major Canadian airports.

Stock futures rise as China data fuels hope

Stock index futures rose on Tuesday after economic data out of China drew investors into an equities market that had become oversold from a technical perspective after six weeks of sharp declines.

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