AP - General Motors Corp. Chairman and CEO Rick Wagoner unveiled the automaker's long-awaited electric car Tuesday and said the turmoil in U.S. financial markets should not affect government loan guarantees that would help the auto industry develop high-tech vehicles.

Reuters - Central banks pumped emergency funds into world financial markets for a second day on Tuesday in an increasingly fraught effort to contain the fallout from the crisis sweeping Wall Street's biggest firms.

Reuters - Stocks fell on Tuesday after the Federal Reserve held its key interest rate steady. ID:nN16279243

Reuters - British bank Barclays is near to a deal to buy Lehman Brothers' core U.S. broker-dealer business, including equity, fixed income, M&A advisory and other parts, a person familiar with the matter said.

Reuters - American International Group Inc shares plummeted after the insurer's credit ratings were cut, heightening concerns it might file for bankruptcy and cause more turmoil in global markets.

Reuters - The Federal Reserve held U.S. interest rate steady on Tuesday, opting to soothe rattled financial markets with central bank lending and saying it was worried both about economic weakness and price pressures.

AP - Napster Inc., the online music community that rose from a dorm room project to became the scourge of the global recording industry, is being purchased by Best Buy Inc. for nearly $127 million as the electronics retailer tries to boost its digital music business.

AFP - US shares went into a freefall Monday as part of a global rout after a bankruptcy at Lehman Brothers stoked fears about contagion affecting world markets and the economy.

Reuters - Lehman Brothers Holdings Inc has tapped bankruptcy expert Harvey Miller of Weil, Gotshal & Manges LLP to help carry out its possible liquidation, the Wall Street Journal said.

Reuters - The recently ousted chief executives of Fannie Mae and Freddie Mac are eligible for the pensions and 401k savings plans they built up while working for the mortgage giants, The Wall Street Journal said, citing a regulatory official.

Reuters - Federal Reserve policy-makers are expected to stop short of lowering U.S. interest rates at a meeting on Tuesday but could signal readiness to cut them quickly if needed to protect the economy from one of the most serious financial crises in decades.

Reuters - British bank Barclays is in talks with Lehman Brothers to buy its core U.S. broker-dealer business, including equity, fixed income, M&A advisory and other parts, people familiar with the matter said.

Reuters - American International Group Inc, thrown a $20 billion lifeline by New York state, came under renewed pressure on Tuesday as ratings agencies downgraded the insurer's debt and the financial sector meltdown spread.

AFP - The Bank of England failed to avert a banking-led slump on the London stock market on Monday despite pumping billions of pounds into money markets after the collapse of US giant Lehman Brothers.