IBT Staff Reporter

Renewable energy's sliver of the multi-trillion dollar economic stimulus announced by the world's biggest economies falls far short of the investment needed to meet carbon emissions targets, the head of the International Energy Agency said on Monday.

The Brazilian government and the sugar cane-based ethanol industry are hoping to head off complaints about harmful environmental and labor practices by investing in socially responsible production methods, speakers at the 2nd Ethanol Summit 2009 said on Monday.

U.S. corn and fuel ethanol prices would rise by 4 cents each if gasoline contained a 15 percent blend of the renewable fuel instead of the current 10 percent, said a University of Missouri think tank.

U.S. stock index futures pointed to a flat to slightly lower open on Wall Street on Tuesday as investors looked to book profits a day after the S&P 500 index jumped to its highest close in seven months on positive economic data.

China's energy policymakers have lately been thinking a lot about drivers like 24-year-old Cindy Chen, who chose a larger German Opel over smaller, more fuel-efficient models when she bought her first car in March.

Spain's Iberdrola said on Tuesday its brokers successfully placed 10 percent of wind turbine maker Gamesa at 16.10 euros per share, but traders said the price was at the bottom of the price range.

China aims to save 75 terawatt hours of power per year, the equivalent of 75 million metric tons of carbon dioxide, by promoting energy-efficient air-conditioners and other home appliances.

General Motors said on Tuesday that it had entered into a memorandum of understanding to sell its Hummer brand, but didn't name the buyer or say how much money it would get for the all-SUV line.

British entrepreneur Richard Branson, founder and president of Virgin Atlantic Airways , said on Tuesday he believes it is unlikely that all big U.S. airlines will survive the next 12 to 18 months.

General Motors said on Tuesday that it had entered into a memorandum of understanding to sell its Hummer brand, but didn't name the buyer or say how much money it would get for the all-SUV line.

Microsoft Corp on Monday offered a glimpse into a future where the Xbox 360 console is the centerpiece of any living room, and games, social interaction and communications are controlled with the wave of a hand.

Oil fell below $68 a barrel on Tuesday as prices slipped from a sharp rally to a seven-month high in the previous day.

Videogame enthusiasts can expect new home fitness titles and a wave of updated sequels to big hits in the next year, two of the world's biggest game publishers said at the annual E3 show in Las Vegas.

U.S. stock index futures pointed to a mostly lower open on Tuesday, on profit taking, as the market gives back some of the previous session's strong gains.

A flat-screen joint venture between Samsung Electronics Co Ltd and Sony Corp said on Tuesday it began volume production at a new manufacturing facility that took $1.5 billion to build.

Applied Materials Inc's chief executive said on Tuesday there will be more failures in the semiconductor equipment sector in future as the number of customers declines.

World stocks edged lower on Tuesday after a buoyant session the day earlier and the dollar climbed off its lows against major currencies.

Citigroup Inc told about five former top executives that they will not be paid tens of millions of dollars in promised severance payouts, the Wall Street Journal said, citing people familiar with the matter.

Oil fell nearly $1 to below $68 a barrel on Tuesday as investors took profit from a jump of more than 3 percent a day earlier, but analysts said sentiment remained bullish amid growing signs of economic recovery.

Intel Corp on Monday launched a lighter, power-saving microprocessor intended for use in ultra-thin laptops, a move by the top chip maker to shore up its lead in mobile computing.

Improving global manufacturing data lifted Asian shares on Tuesday near levels before the collapse of Lehman Brothers in September, but the pace of gains slowed as investors pondered how much longer a heady three-month rally will last.

If you've ever worked in an office or own a computer, chances are you've heard of Tetris. Born in 1984 and a near-immediate worldwide sensation, the classic puzzle game is set for a modern renaissance of sorts.

Improving global manufacturing data lifted Asian shares on Tuesday, bringing a regional index near to levels before the collapse of Lehman Brothers in September, but the pace of gains slowed as investors weighed how much longer a heady, three-month rally will last.

General Motors and Citigroup were kicked out of the closely watched Dow Jones industrial average on Monday, marking a historic fall from grace for two once venerable American corporations.

Paul McCartney and Ringo Starr, the two surviving members of The Beatles, appeared together in Los Angeles on Monday to present a Rock Band videogame that will give fans a chance to relive the Fab Four's musical triumphs.

California's highest court on Monday ruled that Bank of America Corp need not pay a potential $1 billion or more to customers who claimed the bank illegally raided Social Security benefits to collect fees.

Improving global manufacturing data lifted Asian shares on Tuesday, bringing a regional index near to levels before the collapse of Lehman Brothers in September, but the pace of gains slowed as investors weighed how much longer a heady, three-month rally will last.

Despite Memorial Day sales, warmer weather and deals such as $1 flip-flops, most U.S. retailers are expected to post declines in same-store sales in May as shoppers kept hunting for bargains in the recession.

Target Corp, the No. 2 U.S. discount retailer, plans to announce a partnership with Comcast Corp's free daily e-mail newsletter and website DailyCandy.com on Tuesday, the Wall Street Journal reported.