IBT Staff Reporter

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UPDATE 1-Goodyear union contract saves $215 mln over 4-yrs

Goodyear Tire & Rubber Co expects to save $215 million under a four-year contract with the United Steelworkers union that the company said on Tuesday gives it flexibility to change schedules, work rules and adjust the size of the workforce.

U.S. mortgage rates stay at May low: Freddie

U.S. mortgage rates held at their lowest level since late May in the latest week, low enough to continue to spur home loan demand and help the hard-hit U.S. housing market recover.

Pick 'n' Pay sees FY profit up to 15 pct higher

Africa's second-biggest grocer Pick 'n' Pay Holdings Ltd said on Tuesday it expects to report an 8-15 percent rise in full year headline earnings per share, sending its shares down more than 4 percent.

RailAmerica IPO to price in October

RailAmerica Inc, which owns and operates short-line and regional freight railroads in North America, has set the terms for its planned initial public offering, which is scheduled for October.

Taser wins contract from U.S. law enforcement agency

Taser International said it received a contract from a U.S. federal law enforcement agency for its stun guns and related accessories, sending its shares up 7 percent. The contract with the U.S. Customs and Border Protection (CBP) for its X26 electronic control devices can potentially extend for a five-year period, the company said.

FileMaker releases Bento 3 for Apple Mac

Bento, the database application for Mac OS X, was updated to version 3 on Tuesday, bringing new features of iPhoto integration, security options, multi-user sharing and more.

Pressure mounts on Honduras to end coup crisis

Honduras' de facto government came under mounting pressure on Tuesday to restore civil liberties and negotiate an end to a three-month crisis sparked when President Manuel Zelaya was toppled in a coup.

Rivals unfazed by shadow of Obama in 2016 bid

The four cities bidding for the prize honor of hosting the 2016 Summer Olympics began three intensive days of lobbying on Tuesday with the Obama factor looming large ahead of Friday's vote by the IOC.

U.S. CEOs still not ready to hire, spend

U.S. chief executives are not ready to step up hiring or capital spending, though a majority expect sales to rise over the next six months, according to a Business Roundtable survey released on Tuesday.

U.S. CEOs still not ready to hire, spend: survey

U.S. chief executives are not ready to step up hiring or capital spending, though a majority expect sales to rise over the next six months, according to a Business Roundtable survey released on Tuesday.

Bomb plot suspect pleads not guilty in NY court

The Afghan-born man at the center of a U.S. anti-terrorism probe pleaded not guilty on Tuesday to conspiring to set off a bomb in the United States, and a federal judge ordered him held without bail.

Fed's Fisher says policy reversal could be swift

Dallas Federal Reserve President Richard Fisher said on Tuesday that the winding down of the Fed's accommodative monetary policies needed to start as soon as the economy shows convincing signs of traction.

Everglades to get water relief from $81 mln bridge

The U.S. Army Corps of Engineers has awarded an $81 million contract to a Florida company to build a road bridge that will help restore fresh water flows in Everglades National Park, nourishing its ecosystem.

EADS shares stumble as Airbus trims A380 goal

Another dip in expected deliveries of Airbus's A380 superjumbo knocked shares in parent company EADS on Tuesday, reminding investors of the challenges still facing Europe's largest industrial venture.

Navistar, Jianghuai to form China truck venture

A unit of Navistar International Corp (NAV.N) and China's Jianghuai Automobile (600418.SS) plan to set up a 50-50 truck venture with investment of at least 2 billion yuan ($293 million), Jianghuai said on Tuesday.

China Ministry of Commerce approves GM Delphi deal

China's Ministry of Commerce has approved plans by General Motors Co [GM.UL] to acquire certain assets of bankrupt Delphi Corp (DPHIQ.PK), Xinhua, the country's official news agency, reported on Tuesday.

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