IBT Staff Reporter

Dubai's Al Nassma, the world's first brand of chocolate made with camels' milk, plans to expand into new Arab markets, Europe, Japan and the United States, its general manager said on Tuesday.

Bernanke Sees Low Rates Ahead; Caterpillar's Big Surprise; Airlines Cut More Jobs

Only children from the richest British families can enjoy careers in top professions like law and medicine because of increasingly impenetrable social barriers, a government-commissioned report said on Tuesday.

U.S. machinery maker Caterpillar Inc posted stronger-than-expected second-quarter earnings and raised its full-year outlook, citing signs of global economic stability, sending its shares up as much as 13 percent.

U.S. stocks fell on Tuesday, retreating after initial earnings-fueled gains were overshadowed by cautious comments on the economic outlook from company executives and Federal Reserve Chairman Ben Bernanke.

Google Inc would strengthen its mobile search service in China, the first strategic move since the company came under the Chinese government glare for providing links to pornographic sites, ChinaDaily reported on Tuesday.

U.S. stocks fell on Tuesday, retreating after initial earnings-fueled gains were overshadowed by cautious comments on the economic outlook from company executives and Federal Reserve Chairman Ben Bernanke.

Caterpillar's Big Surprise; Airlines Cut More Jobs; CIT on Brink

Freddie Mac on Tuesday named Charles Ed Haldeman as their new chief executive officer effective August.

NRG Energy Inc.'s shareholders voted to reject a slate of directors that rival Exelon Corp. had proposed for NRG's Board on Tuesday. The U.S. Senate Committe on Environment & Public Works is holding a hearing on the Waxman-Markey energy bill. China's solar energy sector surged on Tuesday on subsidies plan.

Yahoo Inc said it plans to introduce a major overhaul of its Internet home page on Tuesday. The new homepage blends Yahoo's collection of online content and products with popular social networking services like Facebook and Twitter.

Investment bank Morgan Stanley has raised its forecast for China's 2009 GDP growth to 9% from the previous 7% and its 2010 GDP growth forecast to 10% from the previous 8%, Chinaknowledge reported on Tuesday, citing a new report of the bank.

Mobile broadband in the Middle East and Africa will expand to $6 billion in the next two years from the current $1 billion, spurred by an expanding network and falling prices, a telecoms advisory firm has said.

The Dow Jones industrial average dipped on Tuesday, while the Nasdaq and the S&P 500 added losses, after Caterpillar Inc , a major economic bellwether, said it expected a challenging third quarter.

Beijing Automotive Industry Holding Corp is in talks with Fujian Motor Industry Group to replace it as the local partner in a commercial vehicle tie-up with Daimler AG (DAIGn.DE) in southeast China, a source said on Tuesday.

Auto companies posted steep losses and poor outlooks for the industry on Tuesday, suggesting recovery is some way off despite improving economic data and a stock market rally toward nine-month highs.

No sport has quite as strong a sales pitch as surfing-a solitary rider dancing across the face of a glassy wave, seeming to master it in one moment and in danger of getting swallowed whole the next.

United Airlines parent UAL Corp and Continental Airlines posted quarterly losses on sagging travel, and both carriers, like so many other major U.S. companies, unveiled cost-cutting efforts for the second half of 2009.

Federal Reserve chairman, Ben Bernanke, today told congress policy makers that the Fed will likely maintain interest rates at exceptionally low levels for extended periods. Following Bernanke's remarks treasury prices increased reversing a earlier losses. Bernanke said despite positive signs of an improvement in the economy, the job loss rate remains high and the unemployment rate continues its steep rise.

Leading truckmaker Volvo (VOLVb.ST) and parts manufacturer Faurecia (EPED.PA) posted steep losses and warned of further pain across the auto sector in coming months, with no upturn likely before 2010.

As the auto industry race twists and turns over which metal to use in electric cars, the first lithium-powered sports car has hit the streets of Europe.

Chery Automobile Co, China's largest indigenous car maker, has resumed preparations for an A-share initial public offering as the country's securities regulator lifted its nearly 10-month ban on domestic IPOs due to a recovery in the country's stock market.

NRG Energy Inc's shareholders voted off the slate of directors that rival Exelon Corp had proposed to be part of NRG's Board on Tuesday during the annual shareholders meeting in New Jersey, according to Reuters.

When most people envision scuba diving and snorkeling, they tend to imagine tropical locales with sandy beaches, turquoise water and brightly-colored fish. Places like the Caribbean, South America, and the South Pacific come to mind.

Commercial mortgages at U.S. banks have been failing at the fastest rate in nearly 20 years, the Wall Street Journal said, citing its own analysis.

To me, the Northern Territory is Australia. That's not to say that the rest of the country doesn't have much going on, it certainly does, but the Northern Territory is the Australia of my boyhood.

The U.S. investment in the Apollo space program, which landed men on the moon, paid off handsomely, unlike the $100 billion plowed into the International Space Station, Apollo's pioneering astronauts said on Monday.

Freddie Mac (FRE.P), the mortgage finance company seized by regulators in September, has chosen Charles

Bank of America's (BAC.N) Merrill Lynch is in talks with several firms including Blackstone (BX.N) and Apollo Investment Management to sell management rights of its $2.65 billion Asian Real Estate Opportunity Fund, a source with knowledge of the deal said.