IBT Staff Reporter

This year is likely to be the fifth warmest on record and the first decade of this century the hottest since records began, the World Meteorological Organization said on Tuesday.

The benchmark contract for European Union carbon emissions futures on Tuesday tripped back into negative territory after prices rose to near a seven-month high in early trade, traders said.

The world shipping industry is struggling with overcapacity and falling productivity in the face of the economic downturn and shrinking world trade, a U.N. agency said on Tuesday.

CIT Group Inc said on Tuesday it anticipates it will emerge from bankruptcy on December 10, 2009.

News Corp, Time Warner Inc's Time Inc and three other publishers detailed their long-expected plans to develop open standards for a new digital storefront and technology to help prepare their print titles for devices ranging from e-books to tablet computers.

General Motors Co has been searching for a new chief financial officer and may have a replacement for CFO Ray Young within weeks, GM's Chairman and acting Chief Executive Ed Whitacre said on Tuesday.

Britain is to make online safety lessons for children over 5 compulsory under a new scheme which aims to echo road safety campaigns of the past.

A British genealogy website has put Nazi dictator Adolf Hitler's World War One military service records online, alongside those of more than a million other soldiers who fought for Germany.

Diversified manufacturer 3M Co issued a cautious outlook for 2010 on Tuesday, saying tight credit conditions and other headwinds would make economic recovery patchy and slow.

Auto sales in Vietnam in November leapt 132 percent from a year earlier to 12,259 units after a jump of 103 percent in October, an industry report said on Tuesday.

H&R Block Inc , the largest U.S. tax preparer, posted a narrower-than-expected second-quarter loss, aided mainly by better results in Tax Services segment, but said it is looking to close 400 regular offices this year as part of a cost-cutting plan.

DTE Energy Co said it will start a $600 million environmental construction project in the first quarter of 2010 at its Monroe, Michigan power plant, creating 900 jobs.

Private equity firm Actis and Singapore oil services firm KS Energy on Tuesday announced plans for a joint venture that will distribute parts and equipment to oil companies in Asia and the Middle East

President Barack Obama proposed on Tuesday small business tax cuts, fresh infrastructure spending and energy efficiency rebates to boost jobs, but there were few details on the scale or cost of the measures.

A possible break-up of TNT moved a step closer on Tuesday as activist funds, back on the hunt for opportunities, took a 5 percent stake in the Dutch mail and logistics group.

Canada's Garda World Security Corp said it received a three-year contract worth more than $100 million from the UK Foreign and Commonwealth Office to provide security services in Iraq.

U.S. Food and Drug Administration staff cited concerns on Tuesday with the design and analysis of clinical studies intended to support the effectiveness of Gilead Sciences Inc's experimental cystic fibrosis drug.

Stocks fell on Tuesday after a disappointing outlook from 3M Co and a second straight month of falling domestic sales at McDonald's Corp triggered concern about consumer spending.

Celgene Corp investors were struggling on Tuesday to sort through confusing results from a key trial of the company's cancer drug Revlimid.

China led calls by developing nations on Tuesday for deeper emissions cuts from the United States, Japan and Europe at U.N. climate talks on Tuesday, as a study showed that this decade will be the warmest on record.

Helmerich & Payne Inc (HP.N), the second-largest land-drilling rig contractor by market value, raised its 2010 capital expenditure forecast by $40 million and said its active rig count continues to rise.

President Barack Obama proposed on Tuesday small business tax cuts, fresh infrastructure spending and energy efficiency rebates to boost jobs, but there were few details on the scale or cost of the measures.

Canada's Freewest Resources (FWR.V), which is the target of a takeover battle between Cliffs Natural Resources (CLF.N) and Noront Resources (NOT.V), rejected Noront's sweetened bid, calling it inadequate.

Guinea's military junta leader, Captain Moussa Dadis Camara, is well and will address the nation soon, a spokesman said on Tuesday, five days after an assassination bid on the West African nation's leader.

Guinea's military junta chief, Captain Moussa Dadis Camara, is well and will address the nation soon, a spokesman said on Tuesday, five days after an assassination bid on the West African nation's leader.

U.S. copper futures slipped more than 1 percent in early business on Tuesday, as global credit concerns resurfaced and prompted investors to seek safety in the dollar.

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Procter & Gamble Co said on Tuesday that Chairman A.G. Lafley would retire in early 2010 and Chief Executive Bob McDonald would become chairman of the world's top household products maker on January 1.

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