IBT Staff Reporter

Drugmaker Forest Laboratories Inc. (NYSE: FRX) posted a 34 percent rise in quarterly profit on Tuesday, beating Wall Street estimates, helped by rising sales of its Alzheimer's disease medicine.

McDonald's Corp.'s chief executive sees plenty of room to increase U.S. sales and said it continues to review its debt levels, which it will discuss on a conference call with analysts next week.

The dollar rose versus the yen for the first time in three sessions after a government report showed foreign investors bought a record amount of U.S. securities in May.

Oil steadied above $76 a barrel on Tuesday, rebounding from an earlier drop as concerns over supply and speculative buying lent support.

World stocks fell on Tuesday from this week's record high while the credit market and dollar weakened, hit by fresh concerns that troubles in the risky end of the U.S. mortgage sector could spread to the wider economy.

China should not be singled out for particular concern over food safety, a big problem that rich and poor countries alike must tackle through better regulation, top World Health Organization (WHO) officials said on Tuesday.

Officials at the world's biggest nuclear power plant said on Tuesday there had been more minor radiation leaks after an earthquake in Japan that killed nine people and forced thousands from their homes.

Chemical maker Basell said on Tuesday it would buy Lyondell Chemical Co. for about $12.14 billion, giving it access to Lyondell's commodity assets and refining capacity. Basell has been seeking acquisitions in the chemical sector and was last week trumped by Apollo Management's Hexion Specialty Chemicals in a bid for Huntsman Corp.

Google, Inc. is expected to post double-digit gains in profit and sales when it reports second-quarter results on Thursday as the company maintains a substantial lead in online search.

Swiss chocolate maker Barry Callebaut said that it has signed a supply and development partnership deal with the Hershey Company.

A company director made the statement after the firm made a decision to scrap contracts with two of its suppliers

China sentenced a man to death and jailed another 28 people for up to life on Tuesday for their roles in a massive slavery and child labor scandal involving scorching brickworks.

Publisher Houghton Mifflin Co. said it agreed to buy Harcourt, the education arm of rival Reed Elsevier Plc for $4 billion.

News Corp. has reached a tentative deal to buy Dow Jones & Co. Inc., parent company of the Wall Street Journal, for $5 billion, the Journal reported late Monday. The Dow Jones board will meet on Tuesday to consider the $60-a-share offer after negotiators reached an agreement in principle Monday afternoon.

SunRocket Inc., the second largest supplier of Internet phone services shut down its business on Monday without notifying its customers, which total more than 200,000.

Barclays is planning to sweeten its offer for ABN AMRO after a consortium of rivals led by Royal Bank of Scotland revised its bid for the Dutch bank, the Financial Times said on Tuesday.

More than 10,000 people huddled in evacuation centers in northwest Japan on Tuesday after a strong earthquake the previous day killed nine people and injured more than 1,000.

The broader U.S. stock market fell on Monday on worries that troubles in the subprime mortgage market may spread, but optimism about earnings at multinational companies pushed the Dow to nearly 14,000. Energy stocks fell, led by ConocoPhillips, because of concern about dwindling profit margins for gasoline.

Industrial metal lead extended its recent hot streak on Monday, hitting another high, while steel additive nickel was hit by reports of lower use, fund managers and analysts said.

Oil slipped on Monday as traders took profits and refinery restarts in the United States eased worries of a summer gasoline crunch.

Foreign media have fuelled unfounded fears about Chinese products, the nation's top quality official has said, as China blocked a U.S. protein powder shipment while the two countries sparred over safety worries.

U.S. crude price could top $90 a barrel this autumn and hit $95 by the end of the year if OPEC keeps oil production capped at current levels, Goldman Sachs said in a report issued on Monday.

Harry Potter and the Order of the Phoenix whisked its way to No. 1 at movie box offices with weekend ticket sales of $77.4 million and a five-day total of just over $140 million, according to studio estimates on Sunday.

For the BBC and commercial broadcasters across Britain, their problems right now are all summed up in one word -- trust.

Rock star Prince gave his latest album away free on Sunday with a British tabloid, to the fury of music retailers.

A unit of private equity giant Blackstone Group will buy knee and ankle brace maker DJO Inc. for $1.3 billion, the companies said on Monday.

Some 120,000 barrels a day of new high-quality, low-sulphur oil will start flowing from Asian fields this quarter, putting strong regional crude differentials under some pressure and boosting light product yields.

It's costing a small fortune to keep the secret safe, as security measures increase ahead of this week's book release.

The hedge fund run by activist investor William Ackman said on Monday it now owns a 9.6 percent stake in Target Corp., adding the discount retailer to its small list of closely watched investments.