IBT Staff Reporter

Dragon Oil Plc said Dubai's state-owned refiner Emirates National Oil Co (ENOC) has confirmed it won't increase its takeover offer from 455 pence per share.

Target Corp reported a higher-than-expected quarterly profit on Tuesday as traffic in its stores improved and shoppers purchased more than just necessities, like food or medicine.

U.S. producer prices rose more slowly than forecast in October and unexpectedly fell excluding food and energy, a government report showed on Tuesday, pointing to tame inflation pressures.

Target Corp reported a higher-than-expected quarterly profit on Tuesday as traffic in its stores improved and shoppers purchased more than just necessities, like food or medicine.

Russian oil industry services firm Eurasia Drilling on Tuesday scrapped plans to place Global Depositary Receipts (GDRs) and pay a one-off interim dividend after bids failed to match the company's expectations.

Russia will sell its first tanker of Siberian oil from a new Pacific port in December as Moscow seeks to conquer Asian markets and warn Europe that competition for energy resources is rising.

U.S. producer prices rose more slowly than expected in October despite a rebound in food and energy costs, according to a government report on Tuesday that pointed to tame inflation pressures.

Bank-to-bank dollar funding costs fell on Tuesday with the benchmark rate hitting yet another record low as central banks signalled they were in no hurry to unwind extraordinary stimulus measures

Cancer experts fear new U.S. breast imaging guidelines that recommend against routine screening mammograms for women in their 40s may have their roots in the current drive in Washington to reform healthcare.

U.S. stock index futures fell on Tuesday after Home Depot said its markets were under pressure and commodity prices eased as the dollar bounced higher.

The Federal Reserve Board said on Monday it approved an interim final rule requiring that consumers be notified when their mortgage loan has been sold or transferred.

New U.S. breast cancer screening guidelines issued on Monday by a key advisory panel recommend against routine mammograms for women in their 40s, and suggest women aged 50 to 74 should be screened every other year.

Qualcomm, the world's biggest chip maker, said on Tuesday that it expects to sell its TD-SCDMA chips in mainland China within the next year.

Corrects 2nd paragraph to say Qualcomm aims to take a high share of the Chinese market, not “control much of” the market

U.S. stock index futures fell on Tuesday after Home Depot said its markets were under pressure and commodity prices eased as the dollar bounced higher.

Lowe's Cos Inc , the second-largest U.S. home improvement chain, posted a 30 percent drop in quarterly profit on Monday as consumers put off big renovations while the U.S. housing market remained sluggish.

More than 49 million Americans -- one in seven -- struggled to get enough to eat in 2008, the highest total in 14 years of a federal survey on food insecurity, the U.S. government said Monday.

Sweeping new U.S. breast cancer guidelines released on Monday recommend against routine mammograms for women in their 40s, and suggest women 50 to 74 only get a mammogram every other year.

Britain's top share index was 0.5 percent lower in mid-session trade on Tuesday as investors paused for breath after a four-day winning streak, with falls in banks and miners offsetting gains in some defensive issues.

UBS boss Oswald Gruebel set an ambitious target for annual pretax profit of $15 billion, vowing to rebuild the loss-making bank and win back clients after the subprime crisis and a bitter U.S. tax row.

U.S. stock index futures were slightly lower on Tuesday as investors digested earnings from retailers and awaited a report expected to show U.S. industrial production rose for a fourth straight month.

The dollar rebounded on Tuesday from Monday's 15-month lows after Federal Reserve Chairman Ben Bernanke made rare comments about the dollar, encouraging traders to trim longer-term bets against the currency.

U.S. President Barack Obama on Tuesday urged a reluctant China to let its yuan currency rise in value at a summit where strains over trade between the two giants crept into proclamations of goodwill.

The imperative of greater global currency stability means the world can no longer rely, as it has done since the end of the gold standard, on a currency issued by a single country, the head of the IMF said on Tuesday.

U.S. stock index futures were slightly lower on Tuesday as investors digested earnings from retailers and awaited a report expected to show U.S. industrial production rose for a fourth straight month.

Microsoft Corp co-founder Paul Allen has been diagnosed with non-Hodgkin's lymphoma and has begun treatment, a spokesman for his investment company said on Monday.

UBS boss Oswald Gruebel is targeting an annual pretax profit of 15 billion Swiss francs ($14.9 billion) as he aims to put the subprime crisis and a U.S. tax row behind the loss-making bank and win back clients.

Setting interest rates plays a role in averting crises, but whether they should be set according to asset prices is still an open question, Federal Reserve Bank of San Francisco President Janet Yellen said on Tuesday.

U.S. President Barack Obama on Tuesday nudged Chinese President Hu Jintao to allow the yuan currency to appreciate at a landmark summit in Beijing.