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PIMCO's Gross raises Treasuries in flagship fund

Bill Gross, the manager of the world's largest bond fund, has soured further on the economic outlook and has jacked up buying of U.S. Treasuries in June, according to PIMCO's website on Tuesday.

Fed minutes: Some ready to ease if recovery lags

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Some Federal Reserve officials believe further monetary policy easing could be needed if the recovery remains too sluggish to cut the stubbornly high U.S. jobless rate and if inflation eases as expected, minutes of the Fed's last meeting show.
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Manufacturers struggling to find skilled workers

U.S. manufacturers cannot find skilled workers despite high unemployment, which means there is a need to align the nation's higher education system with the requirements of industry, lawmakers were told on Tuesday.
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WikiLeaks' Assange in UK court to fight extradition

Lawyers for WikiLeaks founder Julian Assange asked a court for a second time on Tuesday to block his extradition from Britain to Sweden for questioning over allegations of sexual misconduct, arguing the case was legally flawed.
Electronic Arts has acquired PopCap Games for $1.3 billion.

Electronic Arts Buys PopCap Games for $1.3 Billion

The second largest U.S. game producer Electronic Arts Inc. (EA) plans to buy PopCap Games, creator of Bejeweled and Plants vs. Zombies, for nearly $1.3 billion in order to expand mobile gaming presence. EA is to pay $650 million in cash and $100 million in EA shares for PopCap, with possible earn-outs that can total the $1.3 billion.
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Childhood Obesity; Tips for Children Under 5

Obesity is an epidemic in the United States and in other countries of the world. Experts have released exercise and activity tips for children under the age of 5 to combat the problem.
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Exercising Children Under 5: Tips for Fitness

New guidance has been released regarding fitness and activity levels for children under the age of 5. Restraints like car seats and strollers should be used sparingly, experts say.
Bill Clinton

Bill Clinton to Miss Betty Ford Funeral

Ex-President Bill Clinton will not be able to attend the funeral of former First Lady Betty Ford due to mechanical problems encountered by the airplane he was scheduled to take.
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Regulators combat unauthorized phone bill fees

Telephone companies would have to make third-party charges on landline phone bills clear and distinct to help people detect unauthorized fees under rules proposed on Tuesday by communications regulators.
U.S. Congress

Boehner: I Never Agreed To Any 'Grand Deal'

House Speaker John Boehner, R-Ohio, rejected the notion that he and President Barack Obama had reached a grand dealon raising the debt limit which he spoke of during his news conference Monday.
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Obama: Social Security Checks Could Stop, if No Debt Deal

The rhetoric is getting hot and heavy inside the beltway regarding the debt talks. On Tuesday, the Republicans essentially said the Democrats haven't offered a viable debt deal proposal and President Obama said Republican reluctance to compromise could prevent senior citizens from receiving Social Security payments on August 3.
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Wall Street flat in choppy day, brief lift from Fed

Stocks were little changed on Tuesday, though comments from Federal Reserve officials suggesting the possibility of more stimulative policies sparked gains that briefly put the Nasdaq in mildly positive territory.

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