BUSINESS

For the last three years, the consensus has been that a robust and self-sustaining recovery for the U.S. economy is on the cards, but economist Nouriel Roubini, dubbed Dr. Doom, thinks that it's not likely to happen, rather he expects below trend growth for many years to come.

China's manufacturing activity rose in July compared to that in June, according to the preliminary HSBC Flash Purchasing Managers Index (PMI) released Tuesday.

Most Asian markets fell Tuesday as investor sentiment was dragged down by the continuing concerns over the debt burden lingering over the euro zone.

Police in Aurora, Colo, said they won't be releasing more information into the investigation of Friday's theater shooting because of an order issued by the court Monday.

Germany, the Netherlands and Luxembourg had the outlooks for their Aaa credit ratings lowered to negative Monday by Moody's Investors Service, which cited “rising uncertainty about Europe’s debt crisis.

The Department of Justice is investigating whether Pennsylvania's new voter identification law discriminates against minorities, according to a letter released on Monday.

Savannah Dietrich, the Kentucky teen who was sexually assaulted last year by two boys, won't face contempt charges after an attorney withdrew a motion to find her in contempt.

Ford Motor Co. (NYSE: F) profits are expected to fall precipitously for the second quarter of 2012 compared to the same time last year, largely due to continued losses abroad, particularly in Europe.

The future of Fannie Mae and Freddie Mac, the two government-controlled entities that guarantee around 60 percent of the U.S. mortgage market, remains uncertain, but their federal regulator is requesting a plan to wind them down and sell their assets.

Network equipment maker Cisco Systems said on Monday that it plans to cut about 1,300 jobs as part of ongoing efforts to restructure the company.

Texas Instruments Inc quarterly profit and revenue fell from a year ago, saying its customers are increasingly cautious in placing new orders because of global economic uncertainties.

It's officially the last week of July, which means that Apple has seven days to release its brand-new operating system for Mac, also known as OS X Mountain Lion. Users that upgrade to Mac OS X Mountain Lion will discover scores of useful features -- more than 200 of them, according to Apple. Here's a guide to the best and most important features in Mountain Lion.

According to an Aurora PD spokesperson, authorities are not investigating a second person of interest in the Colorado shooting that took place on Friday at the Century 16 Movie Theater. A Fox affiliate in the Denver, Colorado area recently ran a report with information that the spokeswoman said the news outlet took out of context.

Tesla Motors Inc. (Nasdaq: TSLA) is expected to report second quarter 2012 earnings sharply lower than the previous year as the company waits for revenue from the recently launched Model S and from a new partnership with Mercedes-Benz to have a positive impact later in the year.

Greece's Prime Minister Antonis Samaras likened his country's deep economic slump in the wake of the European debt crisis to the Great Depression of the 1930s in the U.S. while meeting with former U.S. President Bill Clinton in Athens.

The Boeing Co. (NYSE:BA), the largest U.S. aerospace manufacturer, is expected to have higher revenue in the second quarter but lower earnings per share as profit from commercial airplanes is dampened by cuts in military spending and pension expenses.

Samsung will be releasing a follow up to its Galaxy Note device during a press event on August 15, according to BGR. The Galaxy Note 2 is said to boast a thinner and taller 5.5-inch display, in comparison to the current model’s 5.3-inch screen.

James Holmes made his first court appearance in the Centennial, Colorado courthouse at 11:30 a.m. EDT Monday, when the world got its first look at the man said to be responsible for the worst mass killing in the state's history. View the slideshow to see photos of other infamous dazed and confused serial killers.

Two former Anglo Irish Bank senior executives appeared in court in Dublin on Monday over an alleged share-support scheme, an attempt to artificially raise the bank's share price in 2008.

The Venezuelan government announced that security forces on Saturday ended a 20-day prison riot during which at least 22 inmates died.

Representatives of the creditors that are keeping Greece economically afloat are set to arrive in Athens Tuesday to appraise Greece's slow progress in implementing austerity measures required for it to continue to receive bailout money.

Columbine survivor Anne Marie Hochhalter, who was left paralyzed in the deadliest school shooting in U.S. history, offered words of encouragement to survivors of Friday's Colorado shooting during a vigil for the victims, families and survivors of The Dark Knight Rises Massacre in Aurora.

Dazed, deranged and Eyes Drooping, are just some of the terms being used to describe the face of the Colorado shooting suspect accused of killing 12 and wounding 58.

Evita was also widely admired for her great beauty and fashion style.

Hill, who has an IQ of 70, will be put to death via lethal injection, despite the U.S. Supreme Court's ban on the execution of mentally disabled prisoners.

In a fairly light week of data, Friday's first take on the U.S. second-quarter gross domestic product will be the main event. Economists expect a feeble reading of 1.4 percent. This will be the final major data point to influence participants at the July 31 - Aug.1 meeting of the policy-setting Federal Open Market Committee.

Yet another report has surfaced that indicates production of Apple’s next generation iPhone ‘5’ has begun. According to Digitimes, a report from Taipei has said that Shanghai’s Pegatron has begun manufacturing the new iPhone.

America will get its first look on Monday, July 23, at the alleged gunman said to be responsible for the infamous Colorado shooting that took place late last week. James Holmes is set to make his first court appearance at around 11:30 on Monday morning, giving the American public its first look at the suspect since his arrest in an attack that reportedly left 12 moviegoers dead and 58 other injured.

Assam, located on the extreme northeastern edge of India, is home to some 300 tribal and ethnic groups.