IBT Staff Reporter

Oil fell below $61 a barrel on Tuesday but climbed from session lows after Saudi Arabia said oil demand was picking up.

Stock index futures pointed to a lower open on Tuesday after a long weekend as tensions surrounding North Korea unsettled investors and hopes for a quick economic recovery in the near-term ebbed.

General Electric Co's growth will be harder to come by in coming years given the prospect the global economy may grow at a slower pace once it emerges from recession, the company's chief executive said.

Microsoft is aiming to fire up competition in the search engine market after revamping its search engine and renaming it Bing, the software company is now planning an extravagant ad campaign in a bid to woo the public from its competition, Google.

Stock index futures pointed to a lower start on Tuesday as Wall Street reopens following a long weekend, with investors rattled by mounting tensions surrounding North Korea.

(Corrects direction in Treasuries price and yield moves in paragraph 6)

Nokia said it opened its online software and content store, Ovi Store, globally to some 50 million phone users on Tuesday.

World stocks fell on Tuesday with Asian shares leading the way as tension about North Korean nuclear tests added to questions over the global economic outlook.

Oil fell below $60 a barrel on Tuesday, pressured partly by a firmer U.S. dollar and expectations an OPEC meeting later this week would keep the producer group's output unchanged.

Hewlett-Packard Co, the world's largest PC maker, is recalling 15,000 laptop batteries distributed in China because of a danger they could overheat, China said on Tuesday on its quality inspections web site.

Nokia officially entered the mobile applications market on Tuesday after opening its online software and content store, Ovi Store.

Privately-owned airline Virgin Atlantic said yearly profits nearly doubled, but warned the weak economic environment would make it almost impossible for airlines to make a profit in the current year.

Oil fell below $60 a barrel on Tuesday, pressured partly by a firmer U.S. dollar and expectations an OPEC meeting later this week would keep the producer group's output unchanged.

Privately-owned airline Virgin Atlantic said profits nearly doubled during the year to end February, despite the high fuel prices and economic slowdown that has devastated the industry.

Asian shares fell on Tuesday as a report of fresh missile tests by North Korea added to market tensions at a time when investors are questioning if they are too optimistic about the global economic outlook.

Stock index futures pointed to a lower start on Tuesday as Wall Street reopens following a long weekend, with investors rattled by mounting tensions surrounding North Korea.

Asian shares edged lower on Tuesday with stocks in Seoul down 1.2 percent after North Korea threatened to launch more missiles and while investor doubts about the world economy kept riskier assets such as the euro under pressure.

Lehman Brothers Holdings Inc's U.S. estate administrators will ask a federal judge on Tuesday to approve a framework for coordinating bankruptcy proceedings for the bank's subsidiaries worldwide, putting them at odds with its administrators in the UK, the Wall Street Journal said.

Wall Street may feel more pressure next week unless a raft of economic data, including consumer confidence, home sales and GDP, restores the optimism that had driven a two-month rally before fading in the past few days.

Russian tycoon Oleg Deripaska is close to agreements to restructure his companies' multi-billion-dollar debts, The Wall Street Journal reported on Monday, citing an interview with a senior official within Deripaska's Basic Element holding group.

U.S. automaker Chrysler on Monday slammed Indiana State Treasurer Richard Mourdock as making demands that would ultimately push the carmaker into liquidation -- resulting in the loss of more than 4,000 jobs and 9,000 retiree pensions in Indiana alone.

Nokia on Monday began rolling out its much-anticipated online software and content store, Ovi Store, as it aims to follow the success of Apple's App Store.

In the world of corporate profits, much like the broader economy, less bad is good these days. Unfortunately, it's not good enough to stem the rise in unemployment.

The world economy has avoided utter catastrophe and industrialized countries could register growth this year, Nobel Prize-winning economist Paul Krugman said on Monday.

The world economy has avoided utter catastrophe and industrialized countries could register growth this year, Nobel Prize-winning economist Paul Krugman said on Monday.

The world economy has avoided utter catastrophe and industrialized countries could register growth this year, Nobel Prize-winning economist Paul Krugman said on Monday.

President Barack Obama commemorated his first Memorial Day in office honoring men and women who made America’s history.

(Corrects paragraph 10 to read 'cap-and-trade system' instead of 'capping grade system')

Switzerland will attend a high-level meeting on tax havens taking place in Berlin on June 23 after host Germany, the most vocal critic of Swiss bank secrecy, agreed to extend an invitation to Berne.