IBT Staff Reporter

A federal court has approved the distribution of more than $843 million to harmed investors at insurer American International Group , the U.S. Securities and Exchange Commission said on Tuesday.

Hewlett-Packard Co gave a disappointing outlook for its full-year revenue as consumers and businesses reduce spending on computers, printers and services, sending its shares down about 5 percent.

Intel unveiled its 2009 platform for its Atom processor on Tuesday, and gave details of its Moblin operating system which are both targeted largely at Netbooks.

The Dow and S&P 500 slipped on Tuesday as financial shares sank and on disappointing housing data, but the Nasdaq rose as investors snapped up technology shares ahead of results from Hewlett Packard .

A Constellation Energy nuclear energy facility, with a power generation capacity of 1,600 megawatts, has entered into a final phase to be selected to receive a portion of the Department of Energy's $18.5 billion loan which is allocated for advanced nuclear projects.

Neal S. Wolin was confirmed as the Deputy Secretary of the U.S. Department of the Treasury by the United States by Senate late Monday.

Several major banks are seeking permission to repay government bailout funds, and JPMorgan Chase & Co expects repayments to begin within the next couple of weeks.

The Dow and S&P 500 slipped on Tuesday as financial shares sank and on disappointing housing data, but the Nasdaq rose as investors snapped up technology shares ahead of results from Hewlett Packard .

Hewlett-Packard Co. on Tuesday reported second quarter net income of $1.7 billion, or 70 cents a share, down from $2.1 billion, or 80 cents a share in the same period last year as sales fell across nearly all the company's business lines.

Hewlett-Packard Co reported in-line results but issued a more pessimistic fiscal year revenue forecast, sending its shares down nearly 4 percent after hours.

U.S. housing starts and permits fell to record lows in April, weighed down by a slump in multifamily units, according to data on Tuesday that still hinted the U.S. recession may be drawing to a close.

Vaccine makers could produce 4.9 billion pandemic flu shots per year in the best-case scenario, the head of the World Health Organization said on Tuesday, as rich and poor countries grappled over limited supplies.

A White House task force charged with helping to revive the economy will focus on the creation of a comprehensive U.S. energy plan that will generate millions of clean energy jobs when its meets on Wednesday, the White House said.

Israeli Prime Minister Benjamin Netanyahu faced fresh pressure on Tuesday from the United States to freeze Jewish settlement activity that Palestinians see as an impediment to peace.

General Electric Co has already raised all the money it planned to seek on debt markets for 2009 and may reach its 2010 goal before the year is out, Chief Executive Jeff Immelt said on Tuesday.

Daimler is taking a 10 percent stake in Tesla Motors, a U.S. based electric car start-up, as it expands its green auto business, the head of Daimler's research department said on Tuesday.

Credit card companies are likely to have tougher rules to live by as the U.S. Senate on Tuesday voted 90-5 to approve a new bill restricting credit card practices; President Barack Obama is expected to sign it into law before month end.

Home Depot Inc reported higher-than-expected quarterly earnings as massive cost cuts offset weak sales, but its shares fell as investors found the results disappointing in comparison with those of smaller rival Lowe's Cos Inc .

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Oil prices rose on Tuesday, touching a six-month high over $60 a barrel as a flurry of U.S. refinery problems stoked supply fears leading into peak summer driving season.

Stocks rose for a second day on Tuesday as investors snapped up shares in the technology sector ahead of results from Hewlett Packard , betting the tech bellwether may be the latest company to beat estimates.

Last summer Charity Challenge was approached by Gary Barlow about staging a Kilimanjaro climb for Comic Relief. By December we were working almost seven days a week on planning the event.

U.S. President Barack Obama took aim at climate-warming greenhouse gases on Tuesday and obliged the struggling auto industry to make more efficient cars by imposing tough national standards to cut emissions and increase gas mileage.

Financier and money manager J. Ezra Merkin will stop managing his hedge funds and place them into receivership at the demand of New York Attorney General Andrew Cuomo, a person familiar with the matter told the Wall Street Journal.

U.S. President Barack Obama took aim at climate-warming greenhouse gases on Tuesday and obliged the struggling auto industry to make more efficient cars by imposing tough national standards to cut emissions and increase gas mileage.

Wal-Mart Stores Inc said on Tuesday it is expanding its assortment of hot electronics, like Blu-ray DVD players and high-definition TVs, and freshening the look of its 3,500 U.S. electronics departments as the retailer seeks to grab market share.

AT&T Inc, the biggest U.S. telephone company, plans to offer Web-based data storage services for corporations using cloud computing technologies developed by data storage equipment maker EMC Corp.

Shareholders could get more influence over executive pay and the composition of boards of directors under U.S. legislation unveiled on Tuesday.

Royal Dutch Shell Plc on Tuesday said it would meet shareholders to discuss its future pay policies as investors rejected their pay packages during the Annual General meeting of its 2008 remuneration report held in London and Hague.