IBT Staff Reporter

Research in Motion investors want to know one thing above all when the BlackBerry maker reports quarterly results this week: when will RIM's long-promised iPhone killer finally hit the market?

Stocks were little changed on Tuesday after data showed sales of previously owned U.S. homes fell unexpectedly in May.

Costs for the emergency bank bailout program launched during the 2007-2008 financial crisis continue to fall as the U.S. economy recovers, Treasury Secretary Timothy Geithner told Congress on Tuesday.

Sales of previously owned homes fell unexpectedly in May as delays in processing mortgage applications hampered the closing of contracts benefiting from a popular homebuyer tax credit, an industry group said on Tuesday.

Intel and the Federal Trade Commission filed motions on Monday to suspend trial proceedings while both negotiate settlement of a lawsuit, in which the agency accused the company of abusing its market dominance.

India gold demand has dipped by over 50% month-on-month for the month of May 2010 as the prices surged to the historic peak levels on the back of uncertainties lingering on the Eurozone economies.

Walgreen Co , the biggest U.S. drugstore chain, posted a lower-than-expected quarterly profit as sales of nonprescription items disappointed, sending its shares down nearly 5 percent.

Wall Street was set for a flat open on Tuesday as investors reassessed a vow by China for more flexibility on its currency and tread cautiously ahead of data expected to show a slight rise in U.S. home sales last month.

Britain's economy will grow more slowly than previously envisaged this year and next as a result of fiscal tightening but will subsequently pick up speed, finance minister George Osborne said on Tuesday.

Gold edged up in Europe on Tuesday as lower prices drew investors back to the market and expectations that gold's appeal as a refuge from risk will persist acted as a pillar of support for the metal.

The euro retreated from a one-month high against the dollar on Tuesday, tracking a pullback in the yuan a day after China's pledge to allow its currency to trade more freely had spurred risk demand.

Books are at risk of being swept away by a world of new technology and moving images which are increasingly winning the competition for children's attention, says British playwright Tom Stoppard.

Stock index futures dipped on Tuesday as investors reassessed a vow by China for more flexibility on its currency and turned cautious ahead of data expected to show a slight rise in U.S. home sales.

The Chinese yuan slipped on Tuesday, giving back more than half the previous day's rally,with hefty dollar buying by state-owned banks suggesting the central bank was using new tactics to stir two-way trade and limit yuan gains.

Stock index futures dipped on Tuesday as investors took a more cautious view over China's vow of more yuan flexibility, while data on home sales was on tap later in the morning.

Stock index futures pointed to a lower open on Wall Street on Tuesday, with futures for the S&P 500 down 0.4 percent, Dow Jones futures down 0.3 percent and Nasdaq 100 futures down 0.4 percent at 0930 GMT.

China on Tuesday stuck to its guns on the pace of exchange rate reform, reaffirming that change must remain gradual and controllable.

Two state legislatures, Connecticut and Minnesota, have recently voted into law bills that regulate the amount of cadmium in children's jewelry.

Weaker commodity stocks and banks pushed Britain's top share index lower early on Tuesday, after gains in the previous session, as confidence prompted by China's decision to give its currency more flexibility faded.

Dollar funding costs edged higher on Tuesday as China's yuan slipped, dashing bets that Beijing may allow it to appreciate more rapidly after a pledge to make the currency more flexible.

Asian stocks and commodities retreated on Tuesday as wary investors took profits from a rally ignited by China's weekend decision to give its currency more flexibility.

Oil fell as much as 1.1 percent to below $77 on Tuesday on speculation that a gradual appreciation of the yuan would have a limited impact on China's petroleum imports in the short term.

South Korea plans to lower eventually the ceiling on currency derivatives for branches of foreign banks, bringing it at par with that imposed on domestic banks, a senior finance ministry official said on Tuesday.

Gold gained on Tuesday after China's central bank raised the yuan's mid-point, spurring early buying in the euro that encouraged bargain hunting after bullion dropped sharply from a record high the previous day.

The euro retreated from a one-month high against the dollar on Tuesday, tracking a pullback in the yuan a day after China pledged to allow its currency to trade more freely.

The Chinese yuan slipped on Tuesday as big state-owned banks heavily bought dollars, a move that suggests the central bank has adopted a new strategy to control the pace of yuan gains.

The euro slipped on Tuesday, giving back gains made after China set the yuan's mid-point at its highest since the yuan's revaluation in 2005, as players wondered how fast the Chinese authorities would let their currency rise.

Gold prices extended gains in Asian trade Tuesday as the euro surged after China's central bank set the yuan's daily mid-point at a record high, against the dollar, in five years.

Gold prices have once again climbed to record levels of $1264 last week before correcting on profit taking thereby cementing the appeal of the yellow metal as a safe haven for investors. China announced its move toward a more flexible currency exchange rate mechanism which has improved the investor sentiments in general but the softening of the dollar has helped the recent surge in gold prices to record levels.