Consumer spending rises in June, incomes fall

U.S. consumer spending rose slightly more than expected in June, a government report showed on Tuesday, likely pushed up by higher gasoline prices, and incomes saw their biggest drop in four-and-a-half years. See Full Article here

PepsiCo to buy bottlers for $7.8 billion

PepsiCo Inc agreed to buy Pepsi Bottling Group Inc and PepsiAmericas Inc in a sweetened cash-and-stock deal worth $7.8 billion, the second-largest soft drink maker said on Tuesday. See Full Article here.

Fate of climate change bill in Congress

The fate of U.S. climate control legislation is in the hands of the Senate, where it faces an uphill climb. Democratic leaders hope to put it to a vote in October. See Full Article here.

Wall St trims losses after home sales data

U.S. stocks trimmed losses and the Dow Jones industrial average turned positive on Tuesday after data showed pending sales of previously owned homes rose at a faster-than-expected pace in June. See Full Article here.

D.R. Horton loss deeper than analysts' forecasts

U.S. homebuilder D.R. Horton Inc reported a deeper-than-expected quarterly loss on Tuesday, as it navigates its way through the worst housing slump the nation has seen since the 1930s. See Full article here.