IBT Staff Reporter

China, India, the United States and Germany are looking to replace old coal-fired energy plants, helping make up for slack overall global demand, Hitachi Power Europe's business development manager said.

Rambus Inc shares fell more than 15 percent on Tuesday after a San Francisco judge pushed back a key antitrust case involving the chip designer until next year.

Germany's government has submitted written arguments to a court in New York against plans by Internet group Google to publish millions of scanned books online, the Justice Ministry said on Tuesday.

Investors dumped U.S. stocks on Tuesday, spooked by uncertainty over the health of financial companies and concerns that the explosive rally since March may have run ahead of economic reality.

Cerberus Capital Management LP on Tuesday dismissed market speculation that some of its hedge funds, which have suffered losses and heavy redemptions, are in danger of default.

Oil prices fell on Tuesday as economic concerns sent investors into safer havens, outweighing positive U.S. manufacturing and home sales data.

U.S. auto sales boomed in August as consumers burned through $3 billion in government incentives, leaving automakers to contend with both inventory shortages and uncertain demand in the months ahead.

New York City's new Croton water treatment plant will cost more than twice the original estimate of $992 million and it will not be finished on time, the city comptroller said on Tuesday.

Boeing Co, whose shares have gained about 14 percent this year, faces some uncertainty as it reshuffles management of its commercial airplanes division, which includes the long-delayed 787 Dreamliner program.

EBay Inc plans to sell a 65 percent stake in its online phone unit Skype for $1.9 billion to private investors including Silver Lake and a venture firm run by the Netscape co-founder Marc Andreessen.

Troubled U.S. lender CIT Group on Tuesday said it deferred an interest payment on some notes, sending its shares down as much as 17 percent.

NEW YORK - A U.S. ethanol industry group is pushing lawmakers to craft legislation requiring fuel companies to inform customers what country their fuel came from in hopes of increasing awareness about money spent on oil imported from overseas.

The U.S. Energy and Treasury Departments on Tuesday announced $503 million in government cash grants to companies developing renewable energy projects.

U.S. electric utility Duke Energy said on Monday it plans to build a 200-megawatt wind farm, its ninth in the United States.

Global rules on trade and investment in energy and energy services are needed urgently ahead of negotiations on a convention on climate change in Copenhagen this year, an industry body said on Tuesday.

SkyEurope, the Slovak-based low cost airline, has gone bust.

President Barack Obama will review a new U.S. military report on Afghanistan this week and any decision on changing the U.S. presence there is weeks away, Obama's spokesman said on Tuesday.

The Indian unit of Volvo Car Corp, a subsidiary of Ford Motor Co (F.N), expects industry sales of luxury cars to rise to about 10,000 this year from about 7,000 last year and to keep growing in double-digits for some years.

The General Motors [GM.UL] board of directors will discuss the future of Opel in a telephone meeting on Tuesday, two sources familiar with the matter told Reuters.

U.S. stocks sank on Tuesday on increasing worries that there could be more bank failures and concerns that equity prices may have run ahead of the economic recovery.

U.S. auto sales boomed in August as consumers burned through $3 billion in government incentives, leaving automakers to contend with both inventory shortages and uncertain demand in the months ahead.

Kim BodeBERLIN - Germany's chief electoral commissioner told pollsters on Tuesday to be vigilant with their exit poll data on the September 27 federal election after state results were published on Twitter before polls closed on Sunday.

Celebrity fashion designer Anand Jon Alexander, 35 was sentenced to a minimum of 59 years in prison on Monday for sexual assaulting aspiring models, according to the Los Angeles County District Attorney's Office.

DETROIT - Chrysler Group LLC's U.S. sales fell 15 percent to 93,222 units in August due to inventory shortages related to extensive summer shutdowns during its bankruptcy restructuring, a source briefed on the matter said on Tuesday.

A U.S. tax probe against Swiss bank UBS has killed traditional offshore banking and wealth managers will have to improve their offers to survive, bankers and industry experts said on Tuesday.

Banc of America Securities-Merrill Lynch upgraded Coach Inc to buy from neutral, citing a successful start to the handbags and accessories maker's strategy of lowering price points.

Chrysler Group LLC's U.S. sales fell 15 percent to 93,222 units in August due to inventory shortages related to extensive summer shutdowns during its bankruptcy restructuring, a source briefed on the matter said on Tuesday.

Chariot Resources Ltd urged its shareholders on Tuesday to vote for its management's nominees and reject a slate of four directors nominated by Lundin Mining Chairman Lukas Lundin.

Pacific Alliance Group (PAG), an Asia-focused alternative investment manager, said on Tuesday that it hired four former senior Deutsche Bank executives to expand its distressed asset investment team.