IBT Staff Reporter

Brazil's largest shopping mall operator BRMALLS Participacoes said on Tuesday it planned to offer 48.45 million shares in primary and secondary sales, raising cash to finance expansion and takeovers and to pay down debt.

Office Depot Inc, which has been trying to raise money to combat slumping sales, said on Tuesday it has received a $350 million investment from BC Partners, giving the private equity firm a nearly 20 percent stake.

Shares in Anglo American Plc, which rejected a $68 billion merger approach from rival Xstrata Plc, edged higher on Tuesday on market talk of a possible bid from Aluminum Corp of China (Chinalco), dealers said.

Nortel Networks could soon announce the sale of its big enterprise division as it moves closer to a decision to break itself apart completely instead of restructuring and emerging from bankruptcy.

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.

Iran's top legislative body has again ruled out any annulment of the June 12 presidential election, as demanded by two defeated candidates, state television said on Tuesday.

Ford Motor Co will receive a share of $25 billion in government loans designed to help automakers retool factories for making fuel-efficient cars, according to sources familiar with the decision by the Obama administration.

Stocks opened higher on Tuesday as investors snapped up beaten-down shares a day after Wall Street racked up its worst one-day slide in two months.

President Barack Obama will throw his weight behind legislative bids to reform healthcare and cut U.S. greenhouse gas emissions on Tuesday in his fourth White House press conference since taking office.

Sumitomo Mitsui Banking Corp (SMBC) has expanded its carbon credit business by starting proprietary trading to stock credits for corporate customers, the bank said on Tuesday, becoming the first Japanese bank to do so.

The U.S. urban commercial real estate markets probably will not recover until 2017, the head analyst of commercial mortgages for Deutsche Bank Securities said on Monday.

Apple Inc Chief Executive Steve Jobs was at the company's headquarters on Monday, underscoring speculation the pancreatic cancer survivor may have returned to work.

Thomson Reuters' plan to cancel its London Stock Exchange listing prompted a jump in its shares on Tuesday, but the rally was tempered by fears some large UK shareholders will have to cut or sell their stakes.

Car makers are lobbying the European Union to delay an agreed 2011 ban on climate-damaging chemicals in car air-conditioners, a letter from auto industry group ACEA shows.

A stumble in sentiment punctured hopes of a rapid rebound from recession in the euro zone's services-led economy and the European Union and United States faced off against China in a looming trade dispute over raw materials.

President Barack Obama will throw his weight behind legislative bids to reform healthcare and cut U.S. greenhouse gas emissions on Tuesday in his fourth White House press conference since taking office.

Wall Street was set to rise at the open on Tuesday as investors sought bargains the day after stocks racked up their worst one-day loss in two months.

A new website wants consumers to browse virtual shelves of everything from diapers to shampoo, a move that if successful would mark a major shift in the way most Americans buy household products.

MySpace, the social networking website owned by Rupert Murdoch's News Corp, said on Tuesday it plans to cut about two-thirds of its international workforce and close at least four of its offices outside the United States.

MySpace, the social networking website owned by Rupert Murdoch's News Corp, said on Tuesday it plans to cut about two-thirds of its international workforce and close at least four of its offices outside the United States.

A stumble in sentiment dented hopes of a rapid rebound from recession in the euro zone's services-led economy and the European Union and United States faced off against China in a looming dispute over raw materials.

Oil rose above $68 a barrel on Tuesday, reversing earlier losses, supported by a weaker dollar and ahead of inventory data expected to show a fall in crude stocks.

Wall Street was set to rise at the open on Tuesday, the day after the worst one-day loss in two months, as Moody's Investors Service said the U.S. government was not in danger of losing its top rating.

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.

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.

Iranian authorities said they would teach a lesson to rioters held in the worst unrest to befall the country since the 1979 Islamic Revolution.

The U.S. Justice Department may drop a legal case aimed at forcing Swiss bank UBS AG to reveal the names of 52,000 wealthy American clients suspected of offshore tax evasion, the New York Times reported on Tuesday.

MySpace, the social network owned by Rupert Murdoch's News Corp, said it plans to cut about two-thirds of its international workforce and close at least four of its offices outside the United States.

Oil fell below $67 a barrel on Tuesday as uncertainty over the state of the global economy hit equity markets and increased expectation that oil demand could be slow to revive significantly.