IBT Staff Reporter

Japan's Trend Micro Inc, the No 3 maker of computer security programs, introduced a new line of software on Tuesday that runs on home networking gear, protecting groups of PCs from viruses.

Uganda, expected to become an oil producer next year, could be a significant supplier in future, an official from a company working in the African nation said on Tuesday.

The U.S. Environmental Protection Agency said on Tuesday it will reconsider a Bush administration rule to let new coal-fired power plants open without taking climate-warming carbon emissions into account.

Petrobras' oil production in Brazil reached a monthly record in January, the company said on Tuesday, even as a global financial crisis hurt demand for commodities and knocked oil prices lower.

rose, reflecting the payouts under the long-term incentive plan. It is important that the board and I have the freedom to compensate our senior executives in a fair and reasonable way, Immelt said in the statement. GE shares rose 4 cents to $10.85 in pre-market trading, up from a $10.81 close on the New York Stock Exchange. (Reporting by Scott Malone; Editing by Derek Caney and Steve Orlof...

Verizon Communications sees the weak economy helping sales of an on-demand computer hosting service it plans to launch this summer, an executive for the telecom service provider said on Tuesday.

Russia will supply about 50 cargoes of liquefied natural gas this year, mostly to Japan, from a new plant on the Pacific island of Sakhalin that will establish it as a major energy supplier to Asian markets.

NEW YORK - Comcast Corp , the largest U.S. cable television provider, posted a 32 percent drop in fourth quarter net profit on Wednesday, due to a writedown related to its Clearwire Corp stake and said it lost 233,000 subscribers. Net profit fell to $412 million, or 14 cents a share compared with $602 million, or 20 cents a share in the year ago quarter. The compan...

CHICAGO - Deere & Co , the world's largest maker of farm equipment, reported a sharper-than-expected drop in quarterly profit on Wednesday and slashed its forecast for full-year earnings, blaming the deepening global recession and volatile foreign exchange rates. The company said its fiscal first-quarter profit fell 45 percent to $203.9 million, or 48 cents a share, from $369.1 ...

Flagstar Bancorp Inc (FBC.N: Quote, Profile, Research, Stock Buzz), one of the largest savings and loans based in the U.S. Midwest, said MatlinPatterson Global Advisers LLC completed a $25 million investment in the company through the purchase of its shares.

Texas billionaire Allen Stanford and three of his companies were charged with massive fraud on Tuesday as federal agents swooped on his U.S. headquarters.

Former U.S. Federal Reserve Chairman Alan Greenspan said on Tuesday the current global recession will surely be the longest and deepest since the 1930s and more government rescue funds are needed to stabilize the U.S. financial system.

- General Electric Co Chief Executive Jeff Immelt has waived his right to a bonus and performance-based pay that would have netted him more than $12 million in cash, the Financial Times said, citing people familiar with the company's plans. The decision was approved by GE's board this month. Immelt will continue to earn performance-share units, which may be converted into GE stoc...

SHANGHAI - McDonald's Corp , the world's largest fast-food chain, is optimistic about business prospects in China and plans to open about 500 stores in the country in three years, a senior executive said on Wednesday. McDonald's China operations have not been affected by the fallout from the global financial crisis which has hit consumer spending as it has taken steps to retain c...

NEW YORK - A year and a half after introducing its MoneyCard, Wal-Mart Stores Inc is slashing the price of the reloadable, prepaid Visa debit card to $3 from almost $9, aiming to attract shoppers who may have grown wary of the pitfalls of credit card use. The discount retailer is also lowering the card's monthly fee to $3 from almost $5, and cutting the fee customers pay to reload the card to $...

- General Electric Co Chief Executive Jeff Immelt has waived his right to a bonus and performance-based pay that would have netted him more than $12 million in cash, the Financial Times said, citing people familiar with the company's plans. The decision was approved by GE's board this month. Immelt will continue to earn performance-share units, which may be converted into GE stoc...

and said it would run out of cash as soon as March without new federal funding. ID:nN17475938 In addition, GM said it expected to be able to borrow up to $6 billion from foreign governments and nearly $8 billion from the U.S. Department of Energy. It warned that without $1.5 billion from asset sales in 2009 it would need even more cash. The deepening financial problems for GM and Chrysler prese...

NEW YORK - Former U.S. Federal Reserve Chairman Alan Greenspan said on Tuesday the current global recession will surely be the longest and deepest since the 1930s and more government rescue funds are needed to stabilize the U.S. financial system. To stabilize the American banking system and restore normal lending, additional TARP funds will be required, Greenspan said in a speech to the ...

fines that are much smaller than those Balsillie and Lazaridis agreed to pay in settling with the Ontario Securities Commission. According to the SEC's complaint, the executives made false and misleading disclosures about how RIM priced and accounted for options. From 1998 through 2006, the company and the four senior executives illegally granted options to RIM executives and employees by back...

NEW YORK - Stocks tumbled on Tuesday with the S&P 500 and the Dow industrials closing at near three-month lows, as regional manufacturing data signaled the recession is worsening while fresh worries about European banks underscored the global nature of the downturn. * Global bank worries sink financials further * Energy shares follow oil prices lower * The Dow Jones industrial average

a scenario favored by GM Europe's labor leaders. Efforts by GM to unload assets to raise cash have gone slowly since the automaker announced plans to raise between $2 billion and $3 billion from such steps last summer. China's Sichuan Auto Industry Group Co denied on Tuesday a report that it was interested in buying Hummer. ($1=.7908 euro) (Additional reporting by Soyouing Kim, David Bailey...

a scenario favored by GM Europe's labor leaders. Efforts by GM to unload assets to raise cash have gone slowly since the automaker announced plans to raise between $2 billion and $3 billion from such steps last summer. China's Sichuan Auto Industry Group Co denied on Tuesday a report that it was interested in buying Hummer. ($1=.7908 euro) (Additional reporting by Soyouing Kim, David Bailey...

a scenario favored by GM Europe's labor leaders. Saab could also be sold or closed down, analysts said, though Swedish Industry Ministry Secretary Joran Hagglund told Reuters he was confident GM would not leave Saab unprotected. Efforts by GM to unload assets to raise cash have gone slowly since the automaker announced plans to raise between $2 billion and $3 billion from such steps last summe...

and would run out of cash as soon as March without new federal funding. The request for additional aid from the top U.S. automaker came in a restructuring plan GM submitted to U.S. officials on Tuesday. The GM restructuring plan of more than 100 pages was posted on the U.S. Treasury Web site. The request came on the same afternoon that No. 3 U.S. automaker Chrysler requested an additional $5 b...

were implemented or fundamentally agreed upon. In its restructuring blueprint, the No. 3 U.S. automaker also said it planned to cut its outstanding debt by $5 billion and reduce fixed costs by $700 million in 2009. Chrysler, held and run by Cerberus Capital Management , has taken $4 billion in U.S. government loans. The automaker has seen its U.S. sales fall 55 percent in January...

NEW YORK - Mel Karmazin's Sirius XM Radio Inc won a reprieve from its debt deadlines on Tuesday after Liberty Media Corp agreed to lend $530 million to help the satellite radio provider fend off bankruptcy. In return, Liberty, controlled by cable mogul John Malone, stands to take a controlling 40 percent equity stake in Sirius XM, the second largest U.S. subscription service after cable company...

NEW YORK - Stocks slid within striking distance of the November bear-market low on Tuesday, as grim manufacturing data signaled the recession is worsening and warnings on risks facing European banks underscored the continuing toll of the financial crisis. Financial stocks sank to 14-year lows after Moody's Investors Service said banks could be hit by the recession in Eastern Europe, pulling the...

fines that are much smaller than those Balsillie and Lazaridis agreed to pay in settling with the Ontario Securities Commission. According to the SEC's complaint, the executives made false and misleading disclosures about how RIM priced and accounted for options. From 1998 through 2006, the company and the four senior executives illegally granted options to RIM executives and employees by back...

fines that are much smaller than those Balsillie and Lazaridis agreed to pay in settling with the Ontario Securities Commission. According to the SEC's complaint, the executives made false and misleading disclosures about how RIM priced and accounted for options. From 1998 through 2006, the company and the four senior executives illegally granted options to RIM executives and employees by back...