IBT Staff Reporter

AT&T Inc said it extended a network equipment supply agreement with Alcatel-Lucent and would soon start selling a cellphone from Motorola Inc .

The U.S. Justice Department said it was not planning to drop its lawsuit seeking to force UBS AG to disclose thousands of the Swiss bank's U.S. customers with secret accounts.

President Barack Obama sent condolences on Monday evening to the victims in Washington, D.C., subway trains disaster.

Ford Motor Company, Nissan North America Inc, and Tesla Motors Inc were the first automakers to be granted federal loans totaling $8 billion to develop electric cars and fuel-efficient vehicles made in the United States.

Japanese automaker Nissan Motor Co. confirmed that it will build electric vehicles in the United States on a mass scale, beginning in 2011 or 2012 just ahead of an announcement from the U.S. Department of Energy granted a $1.6 billion loan to the automaker to produce electric cars and battery packs at its manufacturing complex in Smyrna, Tennessee.

U.S. chief executives took a slightly less grim view of the economy in the second quarter, but still plan to cut jobs and capital spending, according to a Business Roundtable survey released on Tuesday.

Intel Corp , the world's biggest chip maker, and cellphone market leader Nokia , said they would work together on a new class of mobile computing device.

Commercial Metals Co posted a narrower-than-expected third-quarter loss, but the steel and metal products maker warned of difficult domestic market conditions for the remainder of 2009.

Airport fast lane security pass services gave notice to its members on Monday night that it would cease operations on its website.

India has imposed a duty of 14 percent on imports of aluminium flat rolled products from China, the finance ministry said in a statement on Tuesday.

The heads of French oil major Total and Russia's second biggest gas producer, Novatek, will meet Prime Minister Vladimir Putin on Wednesday, which may be a precursor to a deal between the two.

Stocks fell on Tuesday as Boeing again delayed the first test flight of its Dreamliner aircraft and housing data pointed to a sluggish economic recovery.

Three creditors of Protein Sciences Corp, maker of a next-generation vaccine for the H1N1 flu, have requested the company be put into bankruptcy and that a trustee be appointed to replace its management, court filings showed.

Ford Motor Co and Japan's Nissan Motor Co Ltd will receive nearly $8 billion combined in U.S. government loans to spur development of fuel efficient vehicles, the U.S. Energy Department said on Tuesday.

Oil fell toward $67 a barrel on Tuesday as economic uncertainty hit equity markets and added to expectation that oil demand could be slow to revive significantly.

Stocks slipped on Tuesday as Boeing again delayed the first test flight of its Dreamliner aircraft and housing data pointed to a sluggish economic recovery.

Sales of previously owned homes in the United States rose at a slower-than-expected pace in May, an industry survey showed on Tuesday, pointing to a sluggish recovery from the severe economic recession.

The U.S. Justice Department said on Tuesday it is not planning to drop its lawsuit seeking to force UBS AG to disclose thousands of the Swiss bank's U.S. customers with secret accounts.

A French official on Tuesday ruled out earlier reports that signals for the Air France flight 447’s black boxes have been detected.

Boeing Corp said Tuesday it is postponing the first flight of the 787 Dreamliner jet after tests determined the need for reinforcing an area within the side-of-body section of the aircraft.

Moody's Investors Service said on Tuesday that the U.S. government's triple-A credit rating was safe but added that it could be at risk if Washington were unable to bring its public debt back to a downward trajectory.

Transit authorities in Washington, D.C. were warned to upgrade the safety standards of older subway cars before a crash on Monday that killed seven people, U.S. investigators said on Tuesday.

Investigators have not yet found flight recorders of an Air France airliner that crashed this month, France's air accident authority said on Tuesday after a report that signals from the recorders had been picked up.

A Greek journalist covering Iran's disputed presidential election for the Washington Times has been arrested on charges of illegal activities, a friend told Reuters on Tuesday.

Steelcase Inc , the world's largest office furniture maker, posted a surprise quarterly profit as it benefited from its cost-cutting measures, and said it will cut an additional 200 jobs globally.

AT&T Inc said it extended a network equipment supply agreement with Alcatel-Lucent and would soon start selling a cellphone from Motorola Inc .

IPC, which has launched a search for a new chief executive, said it continues to recommend against the Validus offer due to the price. The two companies have held in-person discussions, but Validus is not willing to raise its $1.72 billion bid, IPC said.

Youtube frames of 'Neda', a young Iranian woman whose face is engulfed in blood, are a horrific image of what some are calling the Tehran spring. They also show the genie unleashed by citizen journalists.

India's Tech Mahindra plans to absorb its new unit Mahindra Satyam to create a top-tier Indian outsourcing firm, the vice chairman of the two outsourcing firms said on Tuesday.