Reuters
NEW YORK (Reuters) – Stocks fell on Tuesday, hurt by disappointing results from Dow Chemical Co and Procter & Gamble, while June factory orders and pending home sales dropped off more than expected. Full Story »
LONDON (Reuters) - Sanofi-Aventis chief Chris Viehbacher should avoid paying much more than about $70 per share, or a total of $19 billion, to land U.S. biotech group Genzyme, shareholders in the French group say. Full Story »
WASHINGTON (Reuters) - Contracts for pending sales of previously owned homes fell to a record low in June as buyers sat on the sidelines, a survey from the National Association of Realtors showed on Tuesday. Full Story »
Regulators still can't explain why the Dow Jones industrial average plunged nearly 1,000 points in the span of minutes in last May's Flash Crash. But John Bates aims to help find out — and reduce the chances of such freak occurrences happening in the future. Full Story »
WASHINGTON - Consumer spending and incomes likely posted tiny gains in June, providing further evidence that the economic recovery slowed in the spring and early summer. Full Story »
Here's a look at Molson Coors Brewing Co.'s results by business unit for the second quarter: Full Story »
AP VIENNA - Austrian authorities are investigating the authenticity of a diary reportedly containing details about alleged money flows between the country's late far-right politician Joerg Haider and Libyan leader Moammar Gadhafi, as well as with Saddam Hussein and his sons. Full Story »
LOS ANGELES - Countrywide Financial Corp. agreed to pay $600 million to settle shareholder lawsuits in the largest payout so far from the mortgage meltdown. Full Story »
DDP/AFP/File FRANKFURT (AFP) - The world's leading logistics group, Deutsche Post, posted earnings Tuesday that benefited from restructuring and the pick-up in global activity, and raised its full-year outlook. Full Story »
NEW YORK (Reuters) - U.S. retailers look set to report only a modest improvement in sales for July as anxious consumers cut down on their spending and big chains returned to their discounting ways. Full Story »
NEW YORK - Ally Financial Inc. on Tuesday said it expects to hold an initial public offering next year after posting a second-quarter profit of $565 million, driven by improvements in its home mortgage business and more demand for auto loans. Full Story »
AP NEW ORLEANS - Crews hoped to begin pumping mud and perhaps cement down the throat of the blown-out oil well at the bottom of the Gulf of Mexico on Tuesday in what BP officials said could be the method of attack that finally snuffs the spill. Full Story »
AP NEW YORK - Household products maker Clorox Co. said Tuesday its fourth-quarter net income was nearly flat, even though its revenue rose 1 percent, because it paid higher taxes and had smaller margins than a year earlier. Full Story »
DETROIT - General Motors Co. says its U.S. July sales rose slightly from June, an indication that uneasy consumers are still spending on big-ticket items such as cars and trucks. Full Story »
Some of the devastating wildfires sweeping western Russia are out of control, Russia's emergency chief said Tuesday, as fears grew there were not enough firefighters to battle them. Full Story »
A Google question-and-answer page for Chinese users was inaccessible from mainland China on Tuesday less than a month after the search giant's Internet license was renewed amid a dispute over online censorship. Full Story »
NASA has put off a major repair job at the International Space Station until Friday. Full Story »
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