IBT Staff Reporter

OPEC president Edmund Daukoru met the chief executive of Brazil's state-owned oil company on Tuesday to discuss the country's rapidly growing ethanol industry.

Delphi Corp., posted a half year loss of $2.6 billion of which the bulk comes from its special attrition program.

Teck Cominco, the world's largest zinc producer, has withdrawn its offer for mining giant Inco, after failing to raise enough cash to fund the acquisition. Teck Cominco, the world's largest zinc producer, has withdrawn its offer for mining giant Inco, after failing to raise enough cash to fund the acquisition.

Hewlett-Packard Co., the world's No. 2 maker of personal computers, said on Wednesday quarterly profit surged from a year earlier, when it had a tax charge for repatriating foreign earnings.

The market for limited medical care could provide a significant growth opportunity for public pharmacies, stated Standard & Poor's Equity Research.

Venezuela's Energy and Oil Minister Rafael Ramirez said on Tuesday the country plans to increase oil sales to China to 200,000 barrels a day by the end of the year.

Heinz announced that the results for a shareholder vote for its board of directors would not be known for weeks.

Dell, the world's largest PC maker, has issued a recall of a laptop computer batteries manufactured by Sony after the batteries sparked fires.

Consumer safety officials said on Tuesday they are reviewing all Sony-made lithium-ion batteries in laptop computers for fire hazards after Dell Inc. announced the largest electronics recall in the United States.

Ukraine and Russia have secured a deal to manufacture natural gas reserves in Ukraine and have made progress on gas price agreement talks for 2006, said Ukraine's premier on Wednesday.

There's a cloud of diminished profits hanging over one of the U.S. market's leading auto parts retailers. In an economy which shows signs of slowing down and consumers are less willing to open their wallets, the company says it has to re-examine itself.

Alongside its announcement of a new server processor on Tuesday, Advanced Micro Devices also said that it is beginning the production phase of a new quad-core processor.

Advanced Micro Devices Inc., the second-largest maker of personal-computer processors, is updating its Opteron server processors on Tuesday.

All too familiar with hackers looking to exploit security flaws in its software, Microsoft Corp. warned video game developers on Monday that their PC games are now a target for criminals.

Dell Inc. said on Monday it will recall 4.1 million notebook computer batteries because they could overheat and catch fire, in the biggest recall in its 22-year history.

Norway's Trolltech AS has demonstrated the first fully reprogrammable mobile handset to help phone designers innovate as fast as their counterparts in the personal computer industry have done.

Google Inc. will offer printable discount coupons to local shoppers, in a promotional bid that aims to drive U.S. online shoppers using its Google Maps service to visit stores, the company said on Monday.

China's censors are targeting on-line spoofs of films, celebrities and Communist icons, a Chinese newspaper reported on Tuesday, in the government's latest campaign to regulate Internet content.

Only one of major food chain in Japan has decided to use U.S. beef, which came back to the market last week, according to a survey by the Consumers Union of Japan and Food Safety Citizens' Watch.

Oracle announced on Monday that it would invest $125 million in i-flex solutions based in India to fund its growth initiative.

PAETEC, a privately-held supplier of communication solutions firm announced that it would acquire US LEC Corp., a telecommunication company.

The Southern African Development Community has concluded its summit meeting held in Botswana today where the Heads of States agreed on topics for further discussions to be held on Tuesday in Maseru, Lesotho in the 26th session of the Cabinet Council.

Pepsi Co. Inc. on Monday announced that it would be replacing current Chief Executive Steve Reinemund, after he announced he would retire, with the company's Chief Financial Officer, Indra Nooyi.

Worldwide sales of chip-making equipment in June posted the highest percentage growth in months, with demand expected to grow still further in the next quarter, an industry group said Monday.

Indra Nooyi, who played in an all-girl rock band in her youth, brings her ease at performing onstage to the boardroom at PepsiCo Inc. where she will become the new chief executive, those who know her said on Monday.

On Monday Time Warner's AOL acquired Userplane, a developer of chat and instant-messaging software aiming to enhance its existing chat networks.

The Bureau of Labor Statistics is contemplating a change in the consumer price index that may have an impact on how markets and policymakers interpret inflation data, the Wall Street Journal reported on Monday, citing a government official.

War scarred Sudan may be best known for the humanitarian situation in Darfur but despite sanctions, poverty and hunger, Sudan is experiencing a surprising economic resurgence.

Microsoft is launching its online ad platform dubbed AdCenter in the United Kingdom on Monday to handle all of the paid-search traffic on MSN Search and Windows Live.