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Wariness on debt issue keeps volume thin; 3M down

Stocks continued to face headwinds on Tuesday from the ongoing stalemate in Washington over raising the debt ceiling, with light volume showing the gridlock in Washington has made investors nervous.

China launches safety campaign after deadly train crash

A high speed bullet train runs past a railway bridge as workers use cranes to lift a wrecked carriage
China's rail minister, facing public outrage over Saturday's deadly train crash, has ordered a two-month safety review of railway operations and apologised for the accident which killed 39 people, state media reported on Tuesday.
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Debt fears overshadow Fiat's raised profit target

Concern over Fiat SpA's ballooning debt dragged its stock lower on Tuesday, overshadowing the forecast-beating quarterly results that prompted the Italian carmaker to raise its full-year targets.
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A man known only as John Doe shown in this Utah County Sheriffs Office photograph released to Reuters

Mystery prisoner has authorities stumped

A mystery man arrested on minor charges more than three weeks ago remains behind bars in Utah while law enforcement officials try to determine his true identity, which he refuses to reveal.
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Industrials off after 3M results; Nasdaq, S&P flat

The S&P and Nasdaq were little changed in thin trade on Tuesday as investors hoped for a resolution in the debt ceiling stalemate, while industrial stocks fell after 3M's profit failed to top estimates.
A police cordon is seen at a crime scene where two men were gunned down by unknown assailants on the outskirts of Ciudad Juarez

Guns from U.S. sting at Mexican crime scenes: report

At least 122 firearms from a botched U.S. undercover operation have been found at crime scenes in Mexico or intercepted en route to drug cartels there, according to a Republican congressional report being issued on Tuesday.
At Issue: The Debt Deal Talks

Would Reid, Boehner Hybrid Bill End Debt Deal Impasse?

At this juncture, the most likely solution to the acrimonious stalemate on Capitol Hill between Democrats and Republicans that threatens to trigger a dreaded U.S. Government default may be a hybrid plan combining elements of bills by Senate Majority Leader Harry Reid, D-Nev., and by House Speaker John Boehner, R-Ohio.
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Amnesty says website blocked after Saudi leak

Amnesty International said its website had been blocked in Saudi Arabia after the rights group published a leaked draft of an anti-terror law and accused the kingdom of planning to use the legislation to crush dissent.
Lochte wins 200 freestyle, big showdown looms

Lochte wins 200 freestyle, big showdown looms

Ryan Lochte's victory in the mens' 200 meters freestyle at the world swimming championships Tuesday not only allowed him to emerge from compatriot Michael Phelps's shadow but could set up a mouthwatering 'Race of the Century - Part Two' at next year's London Olympics.
Gold steady below record; debt talks eyed

Gold steady below record; debt talks eyed

Gold held steady below its record high on Tuesday as investors waited to see if President Barack Obama's appeal for lawmakers to break a deadlock in U.S. debt talks would succeed, while the euro zone debt crisis lent support.
International Monetary Fund (IMF) Managing Director Christine Lagarde

IMF chief urges U.S. to immediately resolve debt spat

IMF chief Christine Lagarde on Tuesday urged the United States to quickly resolve a political stalemate over raising the debt ceiling, warning that failure to reach an agreement would have serious consequences for the world economy.
Manned submersible Jiaolong

Chinese Submarine Aiming for Record Deep-Sea Dive

China?s State Oceanic Administration said that the Jiaolong submarine, 8.2 meters long, weighing 22 tons and carrying a three-man crew, reached a depth of 5,057 meters (about 16,500 feet) Tuesday morning, spending over six hours underwater.
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New home prices rise, consumers perk up

New single-family home sales unexpectedly fell in June, but a sharp rise in prices and declining supply suggested the market for new houses was starting to stabilize, a government report showed on Tuesday.
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JetBlue profit falls as fuel costs rise

JetBlue Airways reported a 19 percent drop in second-quarter profit despite rising revenue as fuel prices battered the low-cost carrier and its rivals in the United States.
UAW Contract Talks

Ford's Near-Term Future Riding on UAW Talks

Ford's near-term success is riding on getting a new UAW contract that controls labor costs for the next four years. If Ford is successful, the company's costs paid for debt will improve with a credit rating upgrade.

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