IBT Staff Reporter

U.S. consumer confidence rose in June, mirroring the strong gains the stock market has made since early March, a survey released on Tuesday said.

Stocks were set to open higher on Tuesday after Texas Instruments raised its quarterly outlook, underpinning other technology stocks, while rising oil prices boosted energy shares.

Breastfeeding may protect women with multiple sclerosis against relapses of their disease, possibly by delaying a return to normal monthly cycles, U.S. researchers reported on Monday.

Environmental activists called on Monday for deep cuts in greenhouse gas emissions and for developed nations to pay $160 billion a year to help the poor as part of a radical new U.N. climate treaty.

Cargill said Monday it had sold greenhouse gas emission offsets related to its beef-processing plant in the Canadian province of Alberta, marking the first time the grain company has sold the environmental credits.

New York could create as many as 50,000 jobs by converting 45 percent of its electricity needs to renewable energy sources by 2015, Governor David Paterson said on Monday as he unveiled plans to reduce the state's reliance on Wall Street.

The European Commission will allow a range of advanced renewable energy technologies to compete for funding that had originally been proposed for Carbon Capture and Storage (CCS) pilot plants, a new document shows.

China must press ahead with new ways to cut greenhouse gas emissions for the world to have hope of containing global warming, a U.S. energy official said, urging cooperation to end distrust between the two biggest emitters.

Airlines project that carbon trading will cost the global industry around $7 billion a year from 2020, from when the sector has pledged to grow without adding to greenhouse emissions.

Italian automaker Fiat SpA will not walk away from its deal to buy bankrupt Chrysler LLC, a spokesman said on Tuesday after a U.S. Supreme Court order put the sale in doubt.

GE Aviation, a unit of General Electric Co and the world's largest maker of jet engines, expects orders this year to halve as airlines slow plane buying amid a slump in travel demand.

Procter & Gamble Co is set to name Robert McDonald as its next chief executive officer, taking over from A.G. Lafley, the Wall Street Journal reported on Monday.

Oil rose on Tuesday, snapping a two-day slide, to climb toward $69 as the U.S. dollar retreated.

Dow Jones futures fell 0.1 percent, S&P 500 futures also fell 0.1 percent while Nasdaq futures rose 0.2 percent by 5:25 a.m. EDT, pointing to a mixed open for Wall Street's main indexes on Tuesday.

Dow Jones futures fell 0.1 percent, S&P 500 futures also fell 0.1 percent while Nasdaq futures rose 0.2 percent by 0925 GMT, pointing to a mixed open for Wall Street's main indexes on Tuesday.

Italian automaker Fiat SpA will not walk away from its deal to buy bankrupt Chrysler LLC, a spokesman said on Tuesday after the U.S. Supreme Court order put the deal in doubt.

World stocks rose on Tuesday, led by a rebound in Europe, while the dollar slipped and investors sought fresh signs that the global economy is at least not getting worse.

Three groups have entered bids for Saab, General Motor's Swedish car unit, and a preferred bidder is to be chosen by the end of this week, the Financial Times newspaper reported on Tuesday, citing sources.

U.S. auto suppliers, who negotiated federal loans earlier this year, plan to ask the Obama administration's auto task force this week for $8-$10 billion in loan guarantees, Bloomberg reported on Tuesday.

Oil rose on Tuesday, snapping a two-day slide, to climb above $69 as the U.S. dollar retreated.

U.S. auto suppliers, who negotiated federal loans earlier this year, plan to ask the Obama administration's auto task force this week for $8-$10 billion in loan guarantees, Bloomberg reported on Tuesday.

Asian shares fell on Tuesday for a second consecutive session as investors worried that a recent rally may be overdone, though oil prices extended gains ahead of data this week expected to show a fall in U.S. crude inventories.

Bank stress tests should be repeated if the U.S. unemployment rate rises beyond levels assumed by regulators in a recent round of examinations that provided relief to markets, according to a report released by a bailout watchdog panel on Tuesday.

Oil rose toward $69 a barrel on Tuesday, snapping two days of falls, as the U.S. dollar steadied below three-week highs and ahead of weekly stocks data forecast to show a fall in U.S. crude inventories.

The Treasury Department will allow 10 banks to pay back Troubled Asset Relief Program funds, Bloomberg said, citing people familiar with the matter.

The Boston Globe's largest union narrowly rejected concessions on Monday that owner New York Times Co said would save $10 million, raising the possibility of the 137-year-old daily newspaper's demise.

Bank credit card delinquencies rose 11 percent for the first quarter. Indicating that cash strapped consumers have chosen to rather spend their tax refunds elsewhere rather than shrinking their debt balance.

Oil rose toward $69 a barrel on Tuesday, snapping two days of falls, on a weaker U.S. dollar and ahead of weekly stocks data forecast to show a fall in U.S. crude inventories.

Treasury officials are expected to unveil Tuesday that up to ten of the biggest banks have approval to repay their Troubled Asset Relief Program funds, people familiar with the matter said.