Reuters - Consumer confidence halted a six-month
slide in July, but barely climbed from its lowest level in more
than a decade, while home prices continued their record decline
in May.
Reuters - Several analysts, including
Oppenheimer's Meredith Whitney, widened their loss view on
Merrill Lynch , after the Wall Street investment bank
and brokerage said it will take a $5.7 billion third-quarter
writedown as it unloads risky debt and raises $8.5 billion in
capital.
Reuters - Global trade talks collapsed on Tuesday
after a clash over agriculture between the United States and
emerging powers, including China, India and Indonesia.
AP - Former NBA referee Tim Donaghy was sentenced to 15 months in prison Tuesday for setting off a gambling scandal that tarnished the league's reputation and raised questions about the integrity of its officiating.
AP - Amy Winehouse was released from a London hospital Tuesday after an overnight stay to treat what her spokesman said was an adverse reaction to medication.
AP - Restaurant chains Bennigan's and Steak & Ale have filed for Chapter 7 bankruptcy protection and stores owned by its parent company will shut their doors.
AP - For the first time, an experimental drug shows promise for halting the progression of Alzheimer's disease by breaking up the protein tangles that clog victims' brains. -- read full article
AP - Home prices tumbled by the steepest rate ever in May, according to a closely watched housing index released Tuesday, as the housing slump deepened nationwide.
AP - U.S. and Iraqi forces launched a new operation Tuesday aimed at clearing al-Qaida in Iraq from the volatile Diyala province, considered the last major insurgent safe haven near the capital.
AP - Sen. Ted Stevens, the longest-serving Republican senator and a figure in Alaska politics since before statehood, was indicted Tuesday on seven counts of failing to disclose thousands of dollars in services he received from a company that helped renovate his home.
AP - A strong earthquake shook Southern California on Tuesday, and the jolt was felt from Los Angeles to San Diego, and slightly in Las Vegas. -- read full article
AFP - China is using the Beijing Olympics as a pretext to pursue -- and in some cases tighten -- a crackdown on human rights, notably ridding the capital of "undesirables," Amnesty International charged Monday.