IBT Staff Reporter

The world’s second largest engine maker Rolls-Royce Group Plc is making arrangements to ship engines from Airbus SAS A380’s production line to replace turbines

Japanese auto maker Honda Motor Co plans to end domestic sales of its Civic midsize sedan as soon as existing inventories run out.

Japan's Lower House on Tuesday passed a new stimulus plan even as experts believe that the country's surprise economic performance in the third quarter will stall in the fourth quarter due to slowing exports and a stronger yen.

Facebook unveiled its next evolution of Messages, a seamless messaging platform that weaves e-mail, chat and SMS to offer an integrated communication service.

Futures on major U.S. stock indices point to lower opening on Tuesday, with futures on the S&P 500 down 0.59 percent, futures on the Dow Jones Industrial Average down 0.54 percent and Nasdaq100 futures down 0.75 percent.

Annual inflation in the European Union rose during October, for both the euro area and the EU, according to a report by the Eurostat, the statistical office of the European Union

Tech websites are abuzz with talk about Google preparing to launch its own e-commerce site and upgrade its shopping services to emerge as a force to reckon with in the multi-billion dollar online shopping business.

Inflation in the U.K. rose during October, mainly pushed by fuel and lubricant prices, a report by the U.K. Office for National Statistics.

British Land Co Plc reported a lower first half underlying pretax profit as the year-ago period benefited from the release of credit risk provision.

Moody's Investor Service published a report assessing Pakistan's B3 foreign and local-currency issuer rating

Beer can manufacturer Rexam Plc said trading for the period since July 1 has been in line with its expectations, and it expects second half results to be similar to those of the first.

IBM will be leading a joint research initiative of 15 European partners to develop smart cloud storage architecture, which is likely to improve the global delivery of rich data and storage services across boundaries of countries and vendors.

The Obama administration is pushing for closer ties with America Indian tribes, announcing a second presidential conference with the tribes in December.

Two new Democratic senators will be sworn in this afternoon.

The unemployment rate in India is estimated at 9.4 percent or 94 percents out of 1000 persons in the labour force for the fixed reference period of financial year 2009-10, according to employment-unemployment survey by the Labour Bureau under the Labour and Employment Ministry.

A two-year investigation into possible ethics violations by U.S. Rep. Charles Rangel, D-NY, led today to the beginning of a trial before an eight-member, bipartisan House subcommittee. Rangel’s first move was to request a postponement.

The Obama administration is to present a transition plan for Afghanistan at the upcoming NATO summit in Lisbon. A gradual reduction of troops is to begin in July next year and all combat operations will end in 2014 as scheduled. The plan is also expected to suggest stepping up the efforts to build up the Afghan security forces.

While Oracle and HP's altercation over CEOs continued, nearly 400 of their clients switched to IBM servers and storage systems.

Brendon McCullum's unbeaten 124 ensured New Zealand take a 115-run lead into day five of the second test against India.

U.S. retail and food services sales rose more than expected for the fourth consecutive month in October, mainly spurred by a rise in auto and other motor vehicle dealer sales, a report from the U.S. Commerce Department stated.

Police authorities in North Carolina ended their search for missing Australian girl Zahra Baker, by confirming they have found her remains but assured that they will continue to investigate how she died.

Caterpillar Inc., which makes earthmoving machinery, agreed to buy rival Bucyrus International for a total of $7.6 billion, or $92 per share, in cash to boost its presence in the mining equipment industry.

In an attempt to topple Italian Prime Minister Silvio Berlusconi's government, four top officials, including two ministers, are set to resign on Monday afternoon. Even as the move might not be able to bring down the administration, it is likely to prompt early elections in the country, analysts say

Sebastian Vettel becomes the youngest Formula One champion with a master class performance at the Abu Dhabi Grand Prix with title favorite Fernando Alonso and Mark Webber finishing 7th and 8th respectively.

Samsung has left its competitors behind in the DRAM industry.

The host of announcements related to banks made during the G20 Summit in Seoul last week could be credit negative for senior creditors of some banks, Moody's Investor Services said in a note.

U.S. wireless broadband and satellite network Lightsquared, owned by hedge fund Harbinger Capital Partners, announced the successful launch of its SkyTerra 1 commercial satellite.

At least 12 people have been killed and dozens more are awaiting rescue as a huge fire engulfed a high-rise residential building in Shanghai. Several residents including elderly citizens are believed to be trapped in the 28-storey building located in the Jing'an district. Reports in the Chinese media state that the witnesses have spoken of hearing loud explosions.

The euroarea reported a trade surplus for the month of September, according to a report by Eurostat, the statistical office of the European Union.