IBT Staff Reporter

American International Group Inc said on Tuesday it agreed to sell its consumer finance operations in Argentina to Banco de Galicia y Buenos Aires and an investment group arranged by Grupo Pegasus.

Electronics and appliance retailer hhgregg Inc posted a 34 percent jump in quarterly profit, but forecast full-year earnings below market estimates, fearing weak sales.

General Motors Corp on Monday set closure dates for nine factories and three part distribution centers while announcing three factories would go into standby capacity.

General Motors Corp is about to open the door on the biggest garage sale in U.S. industrial history.

Morgan Stanley plans to raise $2.2 billion in common equity to bring it closer to repaying its TARP loans, the company said on Tuesday.

Overhauling the U.S. healthcare system to contain soaring costs and expand medical coverage to the uninsured would help boost U.S. economic output, lower budget deficits and raise workers' incomes, a White House report said on Tuesday.

General Motors Corp said Tuesday it has found a buyer for its off-road brand Hummer just a day after it filed for bankruptcy protection as it seeks to quickly exit the court supervised process and emerge with less debt and only its strongest brands, Chevy, Cadillac, GMC and Buick.

At 8:15 a.m. ET on Monday, a General Motors executive gave hourly workers at its assembly plant here the news they feared most: the plant would close by October, robbing most of them of their jobs.

Express Scripts Inc said on Tuesday it was offering 23 million of its shares to the public to raise money to finance its acquisition of WellPoint Inc's drug benefits unit.

Abu Dhabi sold an 11 percent stake in Barclays on Tuesday, making $2.5 billion from an investment that helped the British bank through the financial crisis and raising fears that the rally in bank shares may be over.

During your job search, you give ample attention to consultants who claim they can make your resume represent you well. They provide a valuable service. I encourage you to act on their advice.

U.S. stock index futures pointed to a flat open on Wall Street on Tuesday as investors awaited key housing data a day after the S&P 500 index jumped to its highest close in seven months.

Microsoft unveiled its new control system for the Xbox 360 console, dubbed Project Natal, at the E3 conference in Los Angeles on Monday.

Brazil's Air Force said on Tuesday it found airplane seats and other debris floating in the Atlantic Ocean, believed to possibly be from the missing Air France Airliner.

What are you doing? For the U.S. military in Afghanistan, the answer to the latest social networking craze seems to be: Killing Taliban.

General Motors Corp filed for bankruptcy on Monday as the Obama administration took the first steps to try to revive a failed icon of American industry by extending unprecedented federal funding and oversight.

Walgreen Co said on Tuesday that sales at stores open at least a year rose 1 percent, missing analysts expectations, with weaker-than-expected sales at its pharmacy counters.

Publishers are learning from music labels' struggle to make online music profitable and combat piracy, but so-called e-books will only add value to the industry and not replace printed books, experts say.

Abu Dhabi on Tuesday sold about 3.5 billion pounds ($5.7 billion) of shares in UK bank Barclays , traders said, to reap a near 1.5 billion pound profit in just seven months.

Chinese officials are giving U.S. efforts to pump up its ailing economy a vote of confidence and understand why higher budget deficits are a temporary necessity, U.S. Treasury Secretary Timothy Geithner said on Tuesday.

Renewable energy's sliver of the multi-trillion dollar economic stimulus announced by the world's biggest economies falls far short of the investment needed to meet carbon emissions targets, the head of the International Energy Agency said on Monday.

The Brazilian government and the sugar cane-based ethanol industry are hoping to head off complaints about harmful environmental and labor practices by investing in socially responsible production methods, speakers at the 2nd Ethanol Summit 2009 said on Monday.

U.S. corn and fuel ethanol prices would rise by 4 cents each if gasoline contained a 15 percent blend of the renewable fuel instead of the current 10 percent, said a University of Missouri think tank.

U.S. stock index futures pointed to a flat to slightly lower open on Wall Street on Tuesday as investors looked to book profits a day after the S&P 500 index jumped to its highest close in seven months on positive economic data.

China's energy policymakers have lately been thinking a lot about drivers like 24-year-old Cindy Chen, who chose a larger German Opel over smaller, more fuel-efficient models when she bought her first car in March.

Spain's Iberdrola said on Tuesday its brokers successfully placed 10 percent of wind turbine maker Gamesa at 16.10 euros per share, but traders said the price was at the bottom of the price range.

China aims to save 75 terawatt hours of power per year, the equivalent of 75 million metric tons of carbon dioxide, by promoting energy-efficient air-conditioners and other home appliances.

General Motors said on Tuesday that it had entered into a memorandum of understanding to sell its Hummer brand, but didn't name the buyer or say how much money it would get for the all-SUV line.

British entrepreneur Richard Branson, founder and president of Virgin Atlantic Airways , said on Tuesday he believes it is unlikely that all big U.S. airlines will survive the next 12 to 18 months.