IBT Staff Reporter

The federal tax credit for plug-in hybrid and all-electric vehicles in the U.S. — $7,500 — is just enough to let Tesla Motors tout a sub-$50,000 base price for its planned Model S electric sedan

German industrial conglomerate Bosch ROBG.UL expects revenue in its core car parts business to decline by about a fifth this year in line with global production volumes.

A federal judge gave bankrupt Delphi Corp (DPHIQ.PK) final approval on Tuesday to tap former parent General Motors Inc (GMGMQ.PK) for access to $250 million in funding that is expected to support the Troy, Michigan-based auto parts supplier until it can emerge from bankruptcy.

Honda Motor Co (7267.T) plans to periodically issue asset-backed securities in the United States to accommodate the expected recovery in car sales and longer-term funding needs, the Nikkei business daily said.

Matsuyama usually doesn’t roll off the tongue when Japan’s most popular tourist destinations are mentioned. But Shikoku’s largest city features a landmark that has appeared in several literary works and is considered very soothing.

A top Federal Reserve official warned on Tuesday not to take recent gains across a range of asset prices as proof the U.S. economy is on the verge of a strong recovery.

The U.S. Congress probably has broad authority to empower regulators to take over big banks and other giant financial companies, even if shareholders and other creditors lose out, analysts said.

British Airways, which reported a record annual loss last month, said on Tuesday it had asked its staff to work for free as part of the company's battle for survival in tough market conditions.

Facebook has passed News Corp.'s MySpace domestically in traffic, according to online metrics firm comScore.

Best Buy Co Inc posted lower first-quarter earnings and weaker-than-expected sales on Tuesday and implied earnings for the rest of the year would be worse than forecast, dragging its shares down more than 7 percent.

U.S. stocks fell on Tuesday as mixed economic data spurred worries of an anemic economic recovery and Best Buy's disappointing results signaled consumer spending remains weak.

Leaders of the emerging countries joined hands calling for a new world order amid the global financial crisis and boosting security and trade at two summits on Tuesday.

Leading provider of Blu-ray Disc and DVD product solutions Marvell Technology on Tuesday said its 88DE2710 video processor powers Sony's latest High-End BDP-S5000ES Blu-Ray Disc Player.

The systemic risk regulator envisaged under a U.S. overhaul of financial regulations should not add an unnecessary layer of hands-on supervision, the U.S. Chamber of Commerce said on Tuesday.

Stocks accelerated their drop on Tuesday as mixed economic data fed worries that the economic recovery may be anemic, while Best Buy's disappointing results pointed to a still weak consumer.

The U.S. recession will end in the third quarter, but lingering high unemployment and large federal deficits may pose a longer-term threat, economists advising the American Bankers Association said on Tuesday.

Opponents facing an uphill battle to unseat Afghan President Hamid Karzai in August 20 elections rallied supporters and sent them out into the streets to put up posters on Tuesday, the official start of campaigning.

The world is 'sleepwalking' toward preventable natural disasters whose effects could be cut significantly with a modest increase in spending on risk reduction, the United Nations aid chief said on Tuesday

A U.S. judge on Tuesday approved a legal settlement requiring a unit of Banco Santander SA , which fed billions to New York financier Bernard Madoff before his swindle was revealed, to pay $235 million.

Leaders of emerging world powers discussed reducing their reliance on the United States, as well as boosting security and trade at two summits on Tuesday hosted by Russia but excluding the West.

Hundreds of survivors of Italy's April earthquake protested outside parliament Tuesday as lawmakers debated a bill authorizing Prime Minister Silvio Berlusconi's reconstruction plan.

Britain is to provide universal broadband access by 2012 and plans to use a tax to fund superfast connections, it said on Tuesday as it outlined its digital vision requiring the BBC to share some funding.

The leaders of the world's biggest emerging markets demanded a greater say in the global financial system on Tuesday at their first summit, but steered clear of any assault on the U.S. dollar's dominance.

A judicial body is urging Congress to authorize new bankruptcy judgeships to cope with a surge in bankruptcy filings that has tracked weakness in the U.S. economy.

The U.S. Treasury Department will not propose a new regulatory framework for the insurance industry when it outlines sweeping new rules for the financial services sector, sources familiar with the plans said on Tuesday.

The draft communique of Brazil, Russia, India and China does not mention the role of U.S. dollar or a supranational reserve currency, sources with knowledge of the document told Reuters on Tuesday.

Britain aims to provide universal broadband access by 2012, it said Tuesday, as it outlined its vision for a digital future that will require the BBC to share its funding.

The Dow and the S&P 500 dropped to session lows on Tuesday, while the Nasdaq trimmed gains, as investors worried that the economic recovery's pace might not be as strong as initially hoped.

The Small Business Administration in a bid to help struggling small businesses climb out of the recession has started guaranteeing loans up to $35,000 to help keep their doors open and get them back on track.