IBT Staff Reporter

Emergency school closings have been reported from Chicago due to the blizzard warning issued by the National Weather Service.

As the Egyptian protest enters its ninth day in Cairo the organizers have announced an indefinite general strike and called for a march of a million in the Egyptian capital on Tuesday. There is a mounting pressure on the president Hosni Mubark to relinquish the post and pave way for new leadership.

Asian stocks rose on Tuesday, led by shares of resource companies, as strong U.S. factory data and surging commodities prices offset fears that unrest in Egypt could spread to other parts of the Middle East.

General Motors, the top U.S. automaker, is considering adding new plants in China in 2011 and after, a senior executive said on Tuesday, as it moves to meet steady demand in the world's top auto market.

Facebook houses a memorial for Calyx and Beau Schenecker, the two teenagers allegedly killed by their mother for being mouthy.

German chipmaker Infineon on Tuesday raised its outlook for its fiscal year through September 2011, anticipating strong growth in its automotive and industrial divisions.

British chip designer ARM Holdings posted a higher quarterly and full-year profit, helped by the growth in licensing and royalty revenue and it expects dollar revenue for 2011 to be at least in line with market expectations.

The world economy has begun improving but is beset by problems such as high unemployment and rising prices which could fuel crippling trade protectionism or even lead to war within nations, the head of the International Monetary Fund warned on Tuesday.

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Asian stocks posted modest gains on Tuesday, led by shares in resource companies, as strong U.S. factory data and surging commodities prices offset fears that unrest in Egypt could spread elsewhere in the Middle East.

Retailers are poised to show only a modest rise in January sales as record snow in many parts of the United States kept shoppers away from malls and crimped demand for early spring merchandise.

BP confirmed an expected return to paying dividends, which it cut at the height of the Gulf of Mexico oil spill last summer, and said it planned to sell two refineries and refocus on oil and gas production.

Input prices jumped in Chinese and Indian factories in January, adding to pressure from food inflation that the fast-growing economies are already struggling to contain, business surveys showed on Tuesday.

Input prices jumped in Chinese and Indian factories in January, adding to pressure from food inflation that the fast-growing economies are already struggling to contain, business surveys showed on Tuesday.

BP Plc announced a return to paying dividends, which it cut at the height of the Gulf of Mexico oil spill last summer and said it planned to sell refineries as it refocused on oil and gas production.

United Parcel Service is expected to report a 40 percent increase in quarterly profit on Tuesday as more confident consumers opened their wallets.

As the Egyptian protest enters its ninth day in Cairo, the organizers have announced an indefinite general strike and called for a march of a million in the Egyptian capital on Tuesday.

A survey by London-based Brand Finance Plc of banks, based on the notional amount that a company would have to pay for the brand, has ranked the Bank of America as the most valuable banking brand with an estimated price of $30.6 billion.

Baidu Inc beat fourth quarter estimates and painted a bright near-term outlook as it bets on large advertiser spending and new Chinese Internet trends, such as social networking, to spur growth.

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China's factories slowed a touch in January under the weight of monetary tightening, but input prices rose quickly, keeping the pressure on the government to tackle inflation despite easing growth.

Baidu Inc breezed past Wall Street financial targets in the fourth quarter as the No. 1 Internet search engine in China benefited from a sharp increase in advertising spending by its customers.

Mexican tycoon Carlos Slim said on Monday he plans to boost his investment in Mexico this year by about 20 percent to $3.6 billion, with telecoms, mining and infrastructure taking center stage.

China's factories slowed a touch in January under the weight of monetary tightening, but input prices rose quickly, keeping the pressure on the government to tackle inflation despite easing growth.

The National Weather Service said that a major blizzard is developing late Monday over Texas that will move north east past Tulsa, St. Louis and Chicago over the next two days.

(Corrects value of ProLogis in first and second-to-last paragraph to $8.7 billion from $5.7 billion. Corrects value of AMB to $5.7 billion, not $8.7 billion, in second-to-last paragraph. The errors first appeared in update 3.)

AMB Property Corp struck a deal to buy rival ProLogis for $8.7 billion in stock, combining the two largest U.S. owners of warehouse and distribution centers in one of the biggest real-estate transactions since the financial crisis.

Bank of America Corp senior executives will not get cash bonuses for 2010 and Chief Executive Brian Moynihan will not receive a base salary increase in 2011, according to a securities filing on Monday.

A senior human resources manager at Toshiba Corp has filed a $100 million lawsuit accusing a U.S. unit of the Japanese technology company of gender bias against women in pay and promotions.