IBT Staff Reporter

Boeing Co. will step up pressure on archrival Airbus on Tuesday with a $2.8 billion deal for its biggest cargo plane expected from airline Emirates, which recently walked away from plans to buy the freighter version of the Airbus A380 superjumbo.

Chinese firms may for the first time face major currency risks in the coming year - not only because the yuan is rising but because officials are shifting more responsibility for risk from the government to companies.

Shares of Citigroup, the world's biggest financial services company by market value, dropped on Monday amid disappointing second quarter earnings which fell slightly below analysts' expectations.

The first civil charges will be forthcoming very soon in the stock options timing scandal involving dozens of U.S. companies, the nation's top securities regulator said on Monday.

Following a tumultous week, investors are wondering what lessons can be learned.

Global economic growth is strong and becoming more broadly based, the Group of Eight nations said on Monday at their summit in St Petersburg.

Under pressure from Group of Eight leaders, ministers from six key trade powers are to start intensive meetings to rescue the deeply troubled Doha round, officials said on Monday.

Large businesses are in love with Blackberry and its wireless email capabilities. Research in Motion, the Canadian firm who sells the enterprise-centric devices, shipped a record 1.5 million units in 2005, snatching up nearly 8 percent of the worldwide smartphone market. The success however, makes RIM a prime target and competitors are scrambling to get a piece of the pie.

U.S. venture capital firm Greylock Partners said on Monday it closed a $150 million fund that will invest in early-stage Israeli high-tech companies.

A year since China untethered the yuan from the dollar, arguments are intensifying whether to let inflation rise in order to bring about the real exchange rate appreciation needed to adjust the country's lopsided economy.

Intel Corp. is set to introduce on Tuesday a long-delayed chip model on Tuesday code-named Montecito that is the first in it Itanium chip line to have the equivalent of two electronic brains on a single piece of silicon, the Wall Street Journal said on its Web site on Monday.

The NASD has two new resources to support firm's Anti Money Laundering (AML) programs. A free webcast is available at http://www.nasd.com/webcasts/aml.

Global companies extending their networks into Africa will find it a challenge to establish easy telecom links in comparison to the better established systems in the U.S., Europe or Asia. While mobile phone use is growing rapidly across the continent, fixed-line density is low and Internet access is limited.

General Motors Corp., Renault SA and Nissan Motor Co. agreed on Friday to review the benefits of a potential alliance that could change the world auto industry.

The U.S. Department of Homeland Security said on Friday it awarded $1.16 billion in contracts to three companies to develop equipment to scan cargo at border cities for nuclear weapons material.

The Pentagon has cleared Taiwan to take a two-stage approach to buying up to eight diesel submarines in a move that could revive the long-stalled potential multibillion-dollar deal.

Brazil's President Luiz Inacio Lula da Silva told Reuters on Friday he would keep conservative economic policies if he were re-elected in October and distanced himself from his former left-wing base.

The latest surge in energy prices may prove the undoing for a U.S. economy already pressured by a housing slowdown and accelerating inflation.

Google Inc. Chief Executive Officer Eric Schmidt said on Friday that his company had none of the stock option pricing problems that have been uncovered at nearly 60 other U.S.-listed companies.

Car rental company Hertz Global Holdings Inc. said on Friday it is planning an initial public offering of as much as $1 billion in common stock.

Three British former bankers extradited to the United States this week pleaded not guilty in federal court on Friday to fraud charges linked to a deal with defunct energy giant Enron Corp.

Surging energy prices helped cause unexpected drops in U.S. retail sales in June and consumer sentiment in July, reports on Friday showed, raising the prospects the Federal Reserve may be close to halting its campaign of hiking interest rates.

Electronic Arts on Thursday said it is developing six games for Nintendo's upcoming Wii video game console, whose selling point is a motion-detecting controller that allows players to simulate swinging a bat, golf club or sword.

Dell, the world's largest computer manufacturer, announced several changes to its pricing strategy today, including a move to reduce the use of mail-in rebates and short-term promotions.

U.S. retail sales unexpectedly shrank in June as energy prices bit, raising concern about growth as the Federal Reserve considers halting its two-year interest rate hike campaign.

Advanced Micro Devices, the second largest comp microprocessor company, announced that last month it began shipping processors manufactured at Chartered Semiconductor Manufacturing, in Singapore.

Sales at U.S. retail stores unexpectedly shrank 0.1 percent in June, the first decline since February, pulled down by weaker sales of cars and building material, government data showed on Friday.

Oil prices topped $78 per barrel Friday and held near record highs as intensifying violence in the Middle East raised concerns of possible supply disruptions.

Since Tripoli gave up its nuclear arms programs in 2003, Libya has seen progress in the number of foreign investments being made in the country, the result of an environment that encourages market orientated reforms meant to reintegrate the country into the international economic fold.