IBT Staff Reporter

Italian automaker Fiat SpA will not walk away from its deal to buy bankrupt Chrysler LLC, a spokesman said on Tuesday after a U.S. Supreme Court order put the sale in doubt.

GE Aviation, a unit of General Electric Co and the world's largest maker of jet engines, expects orders this year to halve as airlines slow plane buying amid a slump in travel demand.

Procter & Gamble Co is set to name Robert McDonald as its next chief executive officer, taking over from A.G. Lafley, the Wall Street Journal reported on Monday.

Oil rose on Tuesday, snapping a two-day slide, to climb toward $69 as the U.S. dollar retreated.

Dow Jones futures fell 0.1 percent, S&P 500 futures also fell 0.1 percent while Nasdaq futures rose 0.2 percent by 5:25 a.m. EDT, pointing to a mixed open for Wall Street's main indexes on Tuesday.

Dow Jones futures fell 0.1 percent, S&P 500 futures also fell 0.1 percent while Nasdaq futures rose 0.2 percent by 0925 GMT, pointing to a mixed open for Wall Street's main indexes on Tuesday.

Italian automaker Fiat SpA will not walk away from its deal to buy bankrupt Chrysler LLC, a spokesman said on Tuesday after the U.S. Supreme Court order put the deal in doubt.

World stocks rose on Tuesday, led by a rebound in Europe, while the dollar slipped and investors sought fresh signs that the global economy is at least not getting worse.

Three groups have entered bids for Saab, General Motor's Swedish car unit, and a preferred bidder is to be chosen by the end of this week, the Financial Times newspaper reported on Tuesday, citing sources.

U.S. auto suppliers, who negotiated federal loans earlier this year, plan to ask the Obama administration's auto task force this week for $8-$10 billion in loan guarantees, Bloomberg reported on Tuesday.

Oil rose on Tuesday, snapping a two-day slide, to climb above $69 as the U.S. dollar retreated.

U.S. auto suppliers, who negotiated federal loans earlier this year, plan to ask the Obama administration's auto task force this week for $8-$10 billion in loan guarantees, Bloomberg reported on Tuesday.

Asian shares fell on Tuesday for a second consecutive session as investors worried that a recent rally may be overdone, though oil prices extended gains ahead of data this week expected to show a fall in U.S. crude inventories.

Bank stress tests should be repeated if the U.S. unemployment rate rises beyond levels assumed by regulators in a recent round of examinations that provided relief to markets, according to a report released by a bailout watchdog panel on Tuesday.

Oil rose toward $69 a barrel on Tuesday, snapping two days of falls, as the U.S. dollar steadied below three-week highs and ahead of weekly stocks data forecast to show a fall in U.S. crude inventories.

The Treasury Department will allow 10 banks to pay back Troubled Asset Relief Program funds, Bloomberg said, citing people familiar with the matter.

The Boston Globe's largest union narrowly rejected concessions on Monday that owner New York Times Co said would save $10 million, raising the possibility of the 137-year-old daily newspaper's demise.

Bank credit card delinquencies rose 11 percent for the first quarter. Indicating that cash strapped consumers have chosen to rather spend their tax refunds elsewhere rather than shrinking their debt balance.

Oil rose toward $69 a barrel on Tuesday, snapping two days of falls, on a weaker U.S. dollar and ahead of weekly stocks data forecast to show a fall in U.S. crude inventories.

Treasury officials are expected to unveil Tuesday that up to ten of the biggest banks have approval to repay their Troubled Asset Relief Program funds, people familiar with the matter said.

Barclays Plc is in talks to sell Barclays Global Investors , the British bank said on Monday, with U.S. fund manager BlackRock the frontrunner to land the asset manager for about $12 billion.

The Brazilian air force announced Monday that search crews have recovered a total of 24 bodies to date and the aircraft tail from the Air France that crashed into the Atlantic a week ago with 228 people on board.

Apple Inc halved the price of its entry-level iPhone to $99 on Monday in a move that could widen the trendy device's mass-market appeal as competition for smartphones heats up.

Texas Instruments raised its targets for second-quarter earnings and revenue, signaling improving demand in the chip market, and its shares rose 4 percent.

Shares of Palm Inc slipped on Monday amid concerns that early sales of its highly anticipated new phone, the Pre, fell short of expectations and that its launch may be overshadowed by supply constraints.

The sale of bankrupt automaker Chrysler LLC to a group led by Italian carmaker Fiat SpA was temporarily blocked by a U.S. Supreme Court justice on Monday, with no indication how long the delay would last.

Two thirds of businesses are unaware they will be able to use their own name in place of domain extensions such as .com, .org, or .net when Internet domains are liberalized next year, according to a survey.

General Motor's Vice Chairman Bob Lutz says conventional cars are still what most people in the U.S. want while also criticizing the mainstream media for portraying demand for hybrid vehicles as being higher than the reality.

U.S. stocks slid on Monday after McDonald's Corp posted lighter-than-expected May sales and investors worried that rising interest rates may hamper a recovery.