IBT Staff Reporter

The heads of French oil major Total and Russia's second biggest gas producer, Novatek, will meet Prime Minister Vladimir Putin on Wednesday, which may be a precursor to a deal between the two.

Stocks fell on Tuesday as Boeing again delayed the first test flight of its Dreamliner aircraft and housing data pointed to a sluggish economic recovery.

Three creditors of Protein Sciences Corp, maker of a next-generation vaccine for the H1N1 flu, have requested the company be put into bankruptcy and that a trustee be appointed to replace its management, court filings showed.

Ford Motor Co and Japan's Nissan Motor Co Ltd will receive nearly $8 billion combined in U.S. government loans to spur development of fuel efficient vehicles, the U.S. Energy Department said on Tuesday.

Oil fell toward $67 a barrel on Tuesday as economic uncertainty hit equity markets and added to expectation that oil demand could be slow to revive significantly.

Stocks slipped on Tuesday as Boeing again delayed the first test flight of its Dreamliner aircraft and housing data pointed to a sluggish economic recovery.

Sales of previously owned homes in the United States rose at a slower-than-expected pace in May, an industry survey showed on Tuesday, pointing to a sluggish recovery from the severe economic recession.

The U.S. Justice Department said on Tuesday it is not planning to drop its lawsuit seeking to force UBS AG to disclose thousands of the Swiss bank's U.S. customers with secret accounts.

A French official on Tuesday ruled out earlier reports that signals for the Air France flight 447’s black boxes have been detected.

Boeing Corp said Tuesday it is postponing the first flight of the 787 Dreamliner jet after tests determined the need for reinforcing an area within the side-of-body section of the aircraft.

Moody's Investors Service said on Tuesday that the U.S. government's triple-A credit rating was safe but added that it could be at risk if Washington were unable to bring its public debt back to a downward trajectory.

Transit authorities in Washington, D.C. were warned to upgrade the safety standards of older subway cars before a crash on Monday that killed seven people, U.S. investigators said on Tuesday.

Investigators have not yet found flight recorders of an Air France airliner that crashed this month, France's air accident authority said on Tuesday after a report that signals from the recorders had been picked up.

A Greek journalist covering Iran's disputed presidential election for the Washington Times has been arrested on charges of illegal activities, a friend told Reuters on Tuesday.

Steelcase Inc , the world's largest office furniture maker, posted a surprise quarterly profit as it benefited from its cost-cutting measures, and said it will cut an additional 200 jobs globally.

AT&T Inc said it extended a network equipment supply agreement with Alcatel-Lucent and would soon start selling a cellphone from Motorola Inc .

IPC, which has launched a search for a new chief executive, said it continues to recommend against the Validus offer due to the price. The two companies have held in-person discussions, but Validus is not willing to raise its $1.72 billion bid, IPC said.

Youtube frames of 'Neda', a young Iranian woman whose face is engulfed in blood, are a horrific image of what some are calling the Tehran spring. They also show the genie unleashed by citizen journalists.

India's Tech Mahindra plans to absorb its new unit Mahindra Satyam to create a top-tier Indian outsourcing firm, the vice chairman of the two outsourcing firms said on Tuesday.

American International Group Inc agreed to sell two downtown Manhattan buildings, including its headquarters, for a total of $150 million, a source familiar with the matter said.

Brazil's largest shopping mall operator BRMALLS Participacoes said on Tuesday it planned to offer 48.45 million shares in primary and secondary sales, raising cash to finance expansion and takeovers and to pay down debt.

Office Depot Inc, which has been trying to raise money to combat slumping sales, said on Tuesday it has received a $350 million investment from BC Partners, giving the private equity firm a nearly 20 percent stake.

Shares in Anglo American Plc, which rejected a $68 billion merger approach from rival Xstrata Plc, edged higher on Tuesday on market talk of a possible bid from Aluminum Corp of China (Chinalco), dealers said.

Nortel Networks could soon announce the sale of its big enterprise division as it moves closer to a decision to break itself apart completely instead of restructuring and emerging from bankruptcy.

Sales of previously owned homes in the United States rose at a slower-than-expected pace in May, an industry survey showed on Tuesday, pointing to a sluggish recovery from the severe economic recession.

Iran's top legislative body has again ruled out any annulment of the June 12 presidential election, as demanded by two defeated candidates, state television said on Tuesday.

Ford Motor Co will receive a share of $25 billion in government loans designed to help automakers retool factories for making fuel-efficient cars, according to sources familiar with the decision by the Obama administration.

Stocks opened higher on Tuesday as investors snapped up beaten-down shares a day after Wall Street racked up its worst one-day slide in two months.

President Barack Obama will throw his weight behind legislative bids to reform healthcare and cut U.S. greenhouse gas emissions on Tuesday in his fourth White House press conference since taking office.