IBT Staff Reporter

Vodafone, the world's largest mobile operator by revenue, plans to launch a mobile online store to sell games, news and travel applications that its customers can buy on whatever model of phone they use.

Bank of America sold $7.3 billion worth of shares in China Construction Bank on Tuesday, according to a source, just days after a U.S. government stress test found the struggling U.S. bank needed to find $34 billion worth of capital.

Ford Motor Co said on Monday that it would sell 300 million common shares and use part of the proceeds to pay off its healthcare obligations to the United Auto Workers under the terms of a recently concluded deal with the union.

Stock index futures pointed to a higher open on Wall Street on Tuesday after the previous session's bout of profit taking.

Vodafone, the world's largest mobile operator by revenue, plans to launch a store for games, news and travel applications that all its customers can buy, regardless of what model of phone they use.

European stocks edged higher while world stocks came off an earlier low and oil hit its highest level in almost six months on Tuesday as expectations grew the worst might be over for the global economy.

Vodafone, the world's largest mobile operator by revenue, plans to launch a store for games, news and travel applications that all its customers can buy, regardless of what model of phone they use.

Oil prices edged above $59 a barrel on Tuesday to set a new six-month high, mainly in response to firmer equities and a weaker dollar.

Bank of America sold about $7.3 billion worth of shares in China Construction Bank , according to media reports, as the struggling U.S. bank seeks to raise money in the financial crisis.

Oil prices fell for a second straight day on Tuesday to below $58 a barrel on weaker equities, consolidating after touching a six-month peak last week, as China disappointed markets with a sharp drop in April exports.

Citigroup Inc, the bank bailed out with $45 billion of U.S. taxpayers' money, is using almost all of that money to make new loans, the Associated Press said citing a report scheduled for release on Tuesday morning.

Asian shares fell for a second straight session on Tuesday as some of the confidence that fueled a rally in stocks to seven-month highs was undermined by reports highlighting economic weakness.

Bank of America sold about $7.3 billion worth of shares in China Construction Bank , Bloomberg reported citing two people familiar with the transaction, as the struggling U.S. bank seeks to raise money amid the financial crisis.

American International Group Chief Executive Edward Liddy will speak out against criticism of the insurer's employees on Wednesday and talk about the company's future plans, the Wall Street Journal said.

Software piracy grew last year, accounting for 41 percent of all PC software installed, with losses to companies estimated at $53 billion, the Business Software Alliance said on Tuesday.

Asian shares fell for a second consecutive session on Tuesday as some of the confidence that fueled a recent rally was dampened by reports that highlighted the weakness in the global economy.

MBIA Inc , once the largest U.S. bond insurer, reported Monday it had swung to a first-quarter profit after a huge year-earlier loss, sending its shares up 18 percent in after-hours trade.

Media mogul David Geffen tried to buy a stake in the New York Times Co from hedge fund Harbinger Capital Partners, but was rejected, a source with knowledge of the matter said on Monday.

Oil prices fell for a second straight day on Tuesday, consolidating after touching a six-month peak last week, on weaker equities and a firm dollar.

Federal Reserve Chief Ben Bernanke on Monday said that the recently completed stress tests are not all that banks should do to keep track of their risks.

Government stress tests of how 19 major banks would endure a sharp downturn in the economy already appear to be helping banks gain access to private capital, a key element in economic recovery, Federal Reserve Chairman Ben Bernanke said on Monday.

Cleantech companies received less than half venture capital (VC) investments in the first quarter of 2009, according to an industry analysis, but the industry looks forward for government funds for recovery.

The Nikkei average fell 0.7 percent on Tuesday after booking a six-month closing high the previous day, with bank shares such as Mitsubishi UFJ Financial Group taking a breather following sharp gains fueled by optimism about the U.S. banking system.

Four large U.S. banks which passed the U.S. government’s economic stress test last week announced plans today to sell up to $6.5 billion in common stock to the public and repurchase preferred stock and warrants issued by the Treasury department under the TARP financial bailout.

The U.S. Air Force on Monday said it was working with Lockheed Martin Corp and Boeing Co to harvest for future use any government-owned property or ground stations developed for a canceled satellite communications program.

MBIA Inc , once the largest U.S. bond insurer, reported Monday it had swung to a first-quarter profit after a huge year-earlier loss, sending its shares 26 percent higher in after-hours trade.

Digital Globe Inc, a satellite image provider, is set to debut on the New York Stock Exchange on Thursday with a planned $250 million IPO offering.

The oil giant, Petrobras, on Monday said its first quarter net profits fell 20 percent or $2.83 billion as the global demand in oil slashes in the current economic downturn.

(In the final paragraph please correct to read ...seeking to derail the plan, not ...seeking details of the plan, as first sent)