IBT Staff Reporter

The Australian Dollar opens on Tuesday at 0.8610. In early domestic trade yesterday, the Aussie moved swiftly beneath US86 cents as local equities opened under pressure after a soft lead from Wall Street last Friday. Given the recent rapid rise of the Australian Dollar, part of the move back down can be attributed to profit taking after a sustained period of one-way price action. During overnight trade, the unit moved between a low of 0.8543 and a high of 0.8630.

Air France-KLM is in talks to invest in Japan Airlines Corp , a source familiar with the matter said, as rival suitors seek a stake in the loss-making carrier to access its China and other Asian routes.

Wells Fargo & Co has fired a senior vice president after investigating reports she held lavish parties at a foreclosed beachfront Malibu house owned by the bank.

China unveiled data on Tuesday that showed tire exports to the United States actually fell in the first half of 2009, rebutting Washington's accusations it had breached its WTO agreements by flooding the U.S. market.

Oil traded unchanged, slightly below $69 on Tuesday, capping losses as buoyant equities and the dollar's fall against the euro helped to offset concerns about an inventory build ahead of the U.S. autumn season.

The 2008 global recession caused the first worldwide contraction in assets under management in nearly a decade, according to a study that found wealth dropped 11.7 percent to $92.4 trillion.

Asian stocks drifted back near one-year highs on Tuesday as investors looked past a trade spat between the United States and China, with exporter shares in Japan getting a lift as the yen's surge relented.

(Corrects paragraph 4 to read 7.7 billion instead of 7.7 million)

Air France-KLM is in talks to inject hundreds of millions of dollars into Japan Airlines, a source familiar with the matter said, joining a list of suitors seeking a minority stake in the loss-making Japanese carrier to gain access to its route network. Delta Air Lines and American Airlines are in separate 'early stage' talks with Japan's carrier.

A U.S. decision to impose added duty on Chinese-made tires is an abuse of World Trade Organization safeguard measures, the Chinese commerce ministry said on Tuesday.

Air France-KLM is in talks with Japan Airlines to form an alliance by injecting a few hundred million dollars and taking a minority stake in the struggling carrier, a source familiar with the matter said.

Comments from two senior Federal Reserve officials on Monday touched on what could become a struggle in the coming months and years over how and when to unwind the bank's dramatically accommodative policy.

Comments from two senior Federal Reserve officials on Monday touched on what could become a struggle in the coming months and years over how and when to unwind the bank's dramatically accommodative policy.

The Treasury Department is talking to Citigroup Inc about how to sell the roughly one-third stake the government acquired as part of its bailout of the bank, Bloomberg reported, citing people familiar with the matter.

Johnson & Johnson has cut the amount it will pay for its 18.4 percent stake in Irish drugmaker Elan Corp Plc by $115 million to $885 million, setting Elan up for recriminations from shareholders and possibly even lawsuits.

Actor Patrick Swayze, who battled pancreatic cancer since last year, died at 57 on Monday.

Juan Martin Del Potro overcame a two sets to one deficit in a hard fought match to beat Roger Federer, the world's No. 1 player, at the 2009 U.S. Open.

Bank of New York Mellon may restart trade-finance lending to Russia as a part of an out-of-court settlement of a $22.5 billion lawsuit against the bank, Kommersant business daily and the Wall Street Journal reported on Monday.

President Barack Obama warned financial firms on Monday to heed the lessons of Lehman Brothers' collapse a year ago and get behind a regulatory overhaul he wants Congress to pass this year.

Juan Martin del Potro, 20 gave one of the biggest surprises in the U.S. Open history beating Roger Federer, 28 the world's No.1 player at the U.S. Open 2009 men's singles final in a four-hour match 6-3, 6-7, 6-4, 6-7, 6-2 Monday evening at the Arthur Ashe Stadium in New York.

A real estate investment trust and a Chinese on-line video game maker are set to price initial public offerings next week, joining a flurry of prospective deals that could make September the busiest month for IPOs in nearly two years.

Bankrupt petrochemicals maker LyondellBasell ACCELC.UL is planning a stock offering to raise funds so it can exit bankruptcy protection, according to documents filed with the bankruptcy court last week.

KAR Holdings Inc, which runs auctions for used vehicles, plans to go public and raise as much as $400 million, according to a regulatory filing on Monday.

A federal judge rejected Bank of America Corp's $33 million settlement with the U.S. Securities and Exchange Commission over Merrill Lynch & Co bonuses as a contrivance, and New York's top legal officer prepared to sue senior bank executives.

Iowa senator Tom Harkin, newly empowered to investigate health matters as chairman of the Senate Health, Education, Labor and Pensions Committee, promised on Monday to probe deeply into any potential links between cellphone use and cancer.

The Australian Dollar opens on Tuesday at 0.8610. In early domestic trade yesterday, the Aussie moved swiftly beneath US86 cents as local equities opened under pressure after a soft lead from Wall Street last Friday.

Kraft Foods, North America's biggest food group, plans to hold talks in coming weeks with British bid target Cadbury that may lead to a new bid offer for the global No.2 candy and chocolate maker.

Elan Corp Plc has resolved a disputed partnership agreement with Biogen Idec Inc , lowering the price Johnson & Johnson will pay for a minority stake in the Irish drugmaker.

Do you suffer from the symptoms of menopause? In addition to herbal and pharmaceutical remedies, there are massage methodologies which can help. This article deals with shiatsu's beneficial effect on women in menopause.