IBT Staff Reporter

Hewlett-Packard plans to spend $1 billion to bolster its corporate services business, and will shrink its workforce by 3,000 jobs over three years as it consolidates related operations.

Dubai Holding's main unit said it may resort to asset sales to deal with its debt after posting a $6.2 billion loss for 2009, sending shares in Dubai tumbling as the market reacted to the latest setback for the emirate.

Stocks pared losses and the Dow and the Nasdaq turned positive on Tuesday after a report showed U.S. manufacturing grew more than expected in May.

Pressured by an aging population and the need to rein in budget deficits, Canada's provinces are taking tough measures to curb healthcare costs, a trend that could erode the principles of the popular state-funded system.

(Reuters) - The Group of Eight industrialized nations plan to invest in better health for mothers and young children in poor nations to meet faltering goals for slashing world poverty by 2015, a draft text for a G8 summit said.

(Reuters) - Scientists have identified a chemical compound that can stop the H5N1 bird flu virus as well as seasonal human flu viruses from replicating.

U.S. stock index futures indicated a drop of more than 1 percent at the open on Tuesday as a slowdown in global manufacturing added to doubts about the pace of an economic recovery.

British Airways Plc and officials from the Unite trade union plan further talks later on Tuesday to try to resolve a dispute with cabin crew staging the latest in a series of strikes.

U.S. aircraft maker Boeing has won an order from a Russian state company for up to 65 planes, nearly half its net order for 2009, beating European rival Airbus and a Russian manufacturer.

Dow and S&P index futures indicated a drop of about 1 percent at the open on Tuesday as a slowdown in Asian manufacturing added to doubts about the pace of an economic recovery.

Berlin promised to decide by the start of next week on whether to grant state aid to General Motors unit Opel, ending a year and a half of uncertainty over the European carmaker's future.

South Korea's largest carmaker, Hyundai Motor Co Ltd, posted a steeper-than-expected 23 percent decline in domestic sales in May as competition stepped up, pulling its shares to a three-week closing low.

General Motors will invest an additional 700 million reais ($384.62 million) to modernize and boost production at a plant in Brazil, one of the world's largest auto markets, the company said on Monday.

Fears oil may continue spewing into the Gulf of Mexico for another two months into the hurricane season wiped $23 billion off BP's market value on Tuesday and sent the cost of protecting its debt soaring.

Web search group Google Inc is phasing out internal use of rival Microsoft Corp's Windows operating system because of security concerns following a Chinese hacking incident, the Financial Times reported on Tuesday.

The pace of China's factory output eased last month as gradual policy tightening took a toll on new orders, suggesting to some economists that Beijing will take its time before nudging interest rates higher.

French firms are counting on sport and porn to lure viewers into buying 3D TV sets, but mass adoption of the new technology will come only when viewing comfort improves and prices fall, experts say.

Stock index futures indicated a drop of more than 1 percent at the open on Tuesday as a slowdown in Asian manufacturing added to doubts about the pace of an economic recovery.

The prices of wheat, rice and sugar remained steady during the last week in India, said state run prices movement observer, the Department of Consumer Affairs on Tuesday. According to data released by the Department of Consumer Affairs, prices of wheat and rice remained steady at most of the reporting centres. Prices of wheat decreased at Ludhiana and Rajkot and increased at Jammu, Mumbai and Chennai.

Dubai Holding's main unit posted a $6.2 billion loss for 2009 and said it may resort to asset sales, sending shares in Dubai sharply lower, in the latest setback to the emirate's troubled finances.

The proposed introduction of a bank levy and possible ways to control cross-border capital flows will top the agenda at this week's G20 finance ministers meetings, host South Korea said on Tuesday.

Stock index futures pointed to a sharply lower open on Wall Street on Tuesday following a long holiday weekend, as mounting doubts over the pace of the global economic recovery hit stocks worldwide.

Honda Motor Co made little progress on Tuesday in resuming production at a parts factory in south China after a prolonged and high-profile strike that has highlighted growing labor unrest in the region.

The euro fell to a 4-year low against the dollar on Tuesday as fears the euro zone's debt crisis could spread to its banking system hit the single currency, while deteriorating sentiment supported the greenback.

World oil prices advanced past the $74 a barrel mark Tuesday mainly after positive results in Chinese factory data that eased concerns on Euro zone worries. Light sweet rude for July delivery was seen trading at $74.35 a barrel at 11.00 a.m Singapore time while Brent crude was at $74.56 a barrel at the same time in London. Analysts said Euro zone economic sentiment unexpectedly fell last month, an indication that the region's debt crisis has begun affecting the real economy.

Honda Motor Co made little progress on Tuesday in resuming production at a parts factory in south China after a prolonged and high-profile strike that has highlighted growing labor unrest in the region.

World's largest populated country, China has identified potato as the ideal crop that could help it alleviate poverty and serve as a bulwark against famine. China is facing a huge challenge of feeding a growing nation on a shrinking supply of arable land while confronting severe water shortages has long been a major concern here. That prompted the dragon nation to look for other sources apart from rice and wheat that consumes less water but yield far more calories per acre.

Latin America's number one gold producer, Peru is expected to fully recover from a recent slump in output once production starts at the Minas Conga gold mine. According to Peru's mining ministry, country's gold production fell 4.23% during the first four months of 2010 compared to the same period last year. . In April, yellow metal production was down 20.6% year-on-year.

Gold prices extended gains in Asian trade Tuesday mainly on geopolitical tensions that boosted its appeal as a safe haven investment asset. Gold for immediate delivery was seen trading at $1222.11 an ounce at 11.30 a.m Singapore time while U.S. gold futures for August delivery was at $1,220.40 an ounce.