IBT Staff Reporter

Express Scripts Inc launched a public offering of 23 million shares on Tuesday to raise money to finance its acquisition of WellPoint Inc's drug benefits unit.

Brazilian search planes spotted debris in the Atlantic Ocean on Tuesday that could be wreckage of a missing Air France flight carrying 228 people that disappeared in a storm the day before, the air force said.

British identity checking business GB Group Plc is comfortable with analysts' forecasts for its current financial year, helped by growth across all areas of the business, Chief Executive Richard Law said.

U.S. President Barack Obama makes a second foray into European diplomacy this week facing pressure to demonstrate his consensus-building foreign policy can produce results where his predecessor George W. Bush's go-it-alone style failed.

U.S. stock index futures pointed to a flat open on Wall Street on Tuesday as investors awaited key housing data a day after the S&P 500 index jumped to its highest close in seven months.

The United States can be a role model to the Muslim world, President Barack Obama said in an interview broadcast on Tuesday.

Pending sales of previously owned U.S. homes in April unexpectedly saw their biggest monthly gain in 7-1/2 years, a report from a trade group on Tuesday showed, buttressing views the U.S. recession was easing.

WPP Plc, the world's largest advertising group, said like-for-like revenue in the first four months of the year dropped 6.7 percent after trading worsened in April.

General Motors Corp is about to open the door on the biggest garage sale in U.S. industrial history.

Bank Hapoalim, Israel's second-largest bank, said on Tuesday it raised a total of 1.6 billion shekels ($408 million) in a two-part offering of deferred capital notes.

American International Group Inc said on Tuesday it agreed to sell its consumer finance operations in Argentina to Banco de Galicia y Buenos Aires and an investment group arranged by Grupo Pegasus.

Electronics and appliance retailer hhgregg Inc posted a 34 percent jump in quarterly profit, but forecast full-year earnings below market estimates, fearing weak sales.

General Motors Corp on Monday set closure dates for nine factories and three part distribution centers while announcing three factories would go into standby capacity.

General Motors Corp is about to open the door on the biggest garage sale in U.S. industrial history.

Morgan Stanley plans to raise $2.2 billion in common equity to bring it closer to repaying its TARP loans, the company said on Tuesday.

Overhauling the U.S. healthcare system to contain soaring costs and expand medical coverage to the uninsured would help boost U.S. economic output, lower budget deficits and raise workers' incomes, a White House report said on Tuesday.

General Motors Corp said Tuesday it has found a buyer for its off-road brand Hummer just a day after it filed for bankruptcy protection as it seeks to quickly exit the court supervised process and emerge with less debt and only its strongest brands, Chevy, Cadillac, GMC and Buick.

At 8:15 a.m. ET on Monday, a General Motors executive gave hourly workers at its assembly plant here the news they feared most: the plant would close by October, robbing most of them of their jobs.

Express Scripts Inc said on Tuesday it was offering 23 million of its shares to the public to raise money to finance its acquisition of WellPoint Inc's drug benefits unit.

Abu Dhabi sold an 11 percent stake in Barclays on Tuesday, making $2.5 billion from an investment that helped the British bank through the financial crisis and raising fears that the rally in bank shares may be over.

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U.S. stock index futures pointed to a flat open on Wall Street on Tuesday as investors awaited key housing data a day after the S&P 500 index jumped to its highest close in seven months.

Microsoft unveiled its new control system for the Xbox 360 console, dubbed Project Natal, at the E3 conference in Los Angeles on Monday.

Brazil's Air Force said on Tuesday it found airplane seats and other debris floating in the Atlantic Ocean, believed to possibly be from the missing Air France Airliner.

What are you doing? For the U.S. military in Afghanistan, the answer to the latest social networking craze seems to be: Killing Taliban.

General Motors Corp filed for bankruptcy on Monday as the Obama administration took the first steps to try to revive a failed icon of American industry by extending unprecedented federal funding and oversight.

Walgreen Co said on Tuesday that sales at stores open at least a year rose 1 percent, missing analysts expectations, with weaker-than-expected sales at its pharmacy counters.

Publishers are learning from music labels' struggle to make online music profitable and combat piracy, but so-called e-books will only add value to the industry and not replace printed books, experts say.

Abu Dhabi on Tuesday sold about 3.5 billion pounds ($5.7 billion) of shares in UK bank Barclays , traders said, to reap a near 1.5 billion pound profit in just seven months.