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Best Buy results top estimates; outlook maintained
NEW YORK (Reuters) - Best Buy Co Inc reported better-than-expected quarterly results and maintained its outlook for the year as a turnaround plan started to take hold, sending shares in the world's largest consumer electronics chain up more nearly 4 percent.

Stock futures drop on global growth concerns
NEW YORK (Reuters) - Stock index futures edged lower on Tuesday after Japan's sovereign rating was cut by Fitch as a political stalemate dimmed chances the country could curb its snowballing debt.

Best Buy sales top estimates; outlook maintained
NEW YORK (Reuters) - Best Buy Co Inc reported better-than-expected quarterly sales and maintained its outlook for the year, sending its shares up on Tuesday.

Glencore takes control of Mutanda with $480 million deal
LONDON (Reuters) - Commodities trader Glencore has taken majority control of its fast-growing Mutanda copper operation in Congo with deals worth $480 million, marking the first step in a planned merger of the mine with its nearby Kansuki concession.

Egypt's struggle will go on after vote-activists
CAIRO (Reuters) - Egypt holds its first genuinely contested presidential election this week, but Amr Adel believes nothing will really change as long as the military keeps an overt or covert grip on power.

Fitch cuts Japan as politics hinders debt plan
TOKYO (Reuters) - Fitch cut Japan's sovereign credit status on Tuesday to the lowest level among global ratings agencies as a political stalemate dims the chance that the country can curb its snowballing debt.

Brad Pitt mob movie portrays broken American dream
CANNES, France (Reuters) - Brad Pitt's latest movie paints a bleak picture of the broken American dream, blending a violent but comic gangster story with overt criticism of politicians' failure to address the economic crisis.

Eight shot outside NBA playoff game in Oklahoma
OKLAHOMA CITY, OK (Reuters) - Eight people were wounded, one critically, by gun shots fired as thousands of sports fans left a National Basketball Association playoff game late Monday, police said.

IMF tells Britain: Do more to drive growth
LONDON (Reuters) - Britain must do more to bolster demand and the Bank of England should purchase more assets or even cut its main interest rate - already at a record low - to prevent years of sluggish growth, the International Monetary Fund said on Tuesday.

Vodafone makes writedown on European weakness
LONDON (Reuters) - Mobile operator Vodafone made a writedown of 4 billion pounds ($6.3 billion) and cut its medium-term sales target as the debt crisis squeezed customers in southern Europe, forcing them to save money on phone calls.

Royal Opera's "Falstaff": Big knight on a big horse
LONDON (Reuters) - A new production of Verdi's "Falstaff" at the Royal Opera features a big man on a big horse, and it could only flop if the Italian baritone Ambrogio Maestri could not sing the title role, which is manifestly not the case.

IAEA chief says nears deal with Iran ahead of 6-power talks
VIENNA (Reuters) - The U.N. nuclear watchdog chief said on Tuesday he expected to sign a deal with Iran soon to ease investigation into suspected work on atom bombs, potentially brightening prospects for big-power talks with Tehran to stop a drift towards conflict.

U.N. observers see Syrian forces kill two: rebels
AMMAN (Reuters) - Syrian police killed two people on Tuesday when they opened fire on a crowd who came out to welcome United Nations observers in the eastern province of Deir al-Zor, a rebel official said.

Nissan aiming for 10 percent of China luxury car market
HONG KONG/BEIJING (Reuters) - Nissan Motor Co Ltd said it aims to triple global sales of its premium Infiniti brand by 2016 and take 10 percent of China's luxury vehicle market, challenging leaders like Audi AG and Mercedes Benz maker Daimler AG.

Nissan aiming for 10 percent of China luxury car market
HONG KONG/BEIJING (Reuters) - Nissan Motor Co Ltd said it aims to triple global sales of its premium Infiniti brand by 2016 and take 10 percent of China's luxury vehicle market, challenging leaders like Audi AG and Mercedes Benz maker Daimler AG.

Ramadan sets Muslim athletes extra test at London Games
LONDON (Reuters)- When Malaysian cyclist Azizulhasni Awang opted to postpone his Ramadan fast until after the London Games, the decision was all about going for Olympic gold.

North Korea to boost nuclear deterrent after U.S. pressure
SEOUL (Reuters) - North Korea vowed on Tuesday to bolster its nuclear deterrent in response to diplomatic pressure from Washington over a recent failed rocket launch.

Tesco CEO turns down $590,000 bonus
LONDON (Reuters) - Tesco boss Philip Clarke has opted not to take an annual bonus of about 372,000 pounds ($588,000) following a poor performance by the world's third-biggest retailer in its main British market.

Citigroup says cautious on U.S. small-, mid-cap cos
(Reuters) - Citigroup said it has a cautious view on the U.S. small-and mid-cap companies on concerns over earnings pressure in the second half amid the euro zone crisis and the political uncertainty in the United States.

After Yahoo deal, challenges abound for Alibaba
SHANGHAI (Reuters) - China's Alibaba Group could command a Facebook-rivalling valuation of $100 billion when it comes to list its shares, possibly by 2015 - but its more immediate challenge is to hang on to top spot in the country's $36 billion e-commerce market.