Reuters - Stocks cut losses on Tuesday, with both the S&P and the Nasdaq (.IXIC) turned positive after General Motors Corp reported stronger-than-expected June sales, helping temper worries about the impact of high fuel prices on corporate earnings.

Reuters - General Motors Corp posted an 8.3 percent decline in June U.S. auto sales after adjusting for sales days in the month, a better-than-expected result for the embattled automaker.

AFP - Approaching the halfway point through 2008, Wall Street is mired in worries about a sputtering US economy and surging energy costs as the market braces for second-quarter corporate results.

Reuters - Florida sued mortgage lender Countrywide Financial Corp on Monday for predatory lending practices, alleging the company at the center of the U.S. mortgage crisis made subprime loans to people who could not repay them.

Reuters - Most Asian stock markets were down on Tuesday as oil and food prices showed no signs of defusing stagflation fears, particularly with soybean prices at a record and oil above $141 a barrel.

Reuters - Chrysler LLC will shut its St Louis minivan plant, cutting production of its top-selling vehicle and 2,400 factory jobs in a sign of the automaker's troubles with a market reeling from record gas prices.

Reuters - InBev stuck to its proposal to take over reluctant bid target Anheuser-Busch and said it would seek to give the latter's shareholders a direct voice if the U.S. brewer still refused to talk.

AFP - Oil prices briefly struck fresh record highs over 142 dollars on Friday as the US dollar remained weak, and as world stock markets tumbled amid economic jitters marking the end of a volatile week.

Reuters - The world's biggest bond fund manager anticipates that Barack Obama will be the next U.S. president, and warns that he will face stern economic circumstances.

Reuters - Stocks rose on Monday as record crude oil prices lifted energy shares on the final trading day of the month and the second quarter, offsetting a financial sector sell-off on fears of further credit losses.

Reuters - Tax preparer H&R Block Inc said on Monday it swung to a quarterly profit from a loss, beating estimates and driving the stock 6.6 percent higher, as revenue rose 11 percent.

Reuters - Shares of General Motors Corp tumbled to a 54-year low while smaller rival Ford Motor Co shares fell as much as 10 percent on Monday on concerns record oil prices would further hit U.S. demand for vehicles.