Reuters
NEW YORK (Reuters) – The S&P; snapped a three-day winning streak on Tuesday after mixed earnings reports and a fall in consumer confidence, but analysts said U.S. stocks were taking a breather and the rally could pick back up. Full Story »
ATLANTA (Reuters) - Defense contractors Lockheed Martin Corp and L-3 Communications Holdings Inc beat Wall Street profit estimates on better revenue and margins but offered differing full-year outlooks. Full Story »
NEW YORK (Reuters) - DuPont forecast 2010 earnings well above expectations on Tuesday, sending its shares up 4.1 percent, as the rebounding global economy continued to fuel the company's recovery. Full Story »
TORONTO (Reuters) - The Toronto Stock Exchange falls short of global listing standards and should do more to manage potential conflicts of interests in how it regulates listed companies, according to report published on Tuesday. Full Story »
AFP/Getty Images/File WASHINGTON (AFP) - US consumer confidence plunged to its worst level in five months on concerns over unemployment amid an uncertain economic outlook, according to a closely-watched survey released Tuesday. Full Story »
ATLANTA - Payment processor Global Payments Inc. said Tuesday that its fiscal fourth-quarter net income fell 9 percent on a loss from discontinued operations. Full Story »
FEELING BETTER: A new GfK institute survey shows German consumer confidence is up strongly, rising to 3.9 points for August from 3.6 points in July. That's its highest level since November 2009. Full Story »
Fed Chairman Ben Bernanke recently described the economic outlook as "unusually uncertain," and that's likely an apt description of what many investors are feeling. Full Story »
NEW YORK - Goldman Sachs Group Inc. said Tuesday it has launched a new business to help clients adapt to changes in trading of derivatives, which have come under regulatory scrutiny for their role in the financial crisis. Full Story »
BOCA RATON, Fla. - Office Depot Inc. narrowed its loss in the second quarter on tax benefits and cost cutting but the office supply retailer's sales continued to fall. Full Story »
WASHINGTON — With the overhaul of financial regulation in the bag, the Obama administration Tuesday said it'll focus next on housing finance — another key cause of the recent deep economic downturn — with an eye to deciding the fate of mortgage finance titans Fannie Mae and Freddie Mac. Full Story »
AP NEW ORLEANS - Battered BP began reinventing itself in the shadow of the Gulf of Mexico oil spill Tuesday, naming its first American CEO as it reported a record $17 billion quarterly loss. Its outgoing chief miffed the White House anew with his parting comments. Full Story »
AP BOSTON - Sen. John Kerry moved to end a controversy over his decision to base his new $7 million yacht in tax-free Rhode Island, informing the Massachusetts Department of Revenue on Tuesday that he would "promptly" pay taxes as if the vessel were docked in his home state. Full Story »
A comparison between the Chevrolet Volt and Nissan Leaf, two competing electric cars for the masses that will go on sale later this year: Full Story »
A U.S. audit has found that the Pentagon cannot account for over 95 percent of $9.1 billion in Iraq reconstruction money, spotlighting Iraqi complaints that there is little to show for the massive funds pumped into their cash-strapped, war-ravaged nation. Full Story »
The Walt Disney Co. is buying online social-gaming company Playdom for $563.2 million, the latest sign the company is becoming a formidable player in the video-game industry. Full Story »
A team of scientists will launch an expedition to the Titanic next month to assess the deteriorating condition of the world's most famous shipwreck and create a detailed three-dimensional map that will "virtually raise the Titanic" for the public. Full Story »
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