UNITED STATES

Obama, lawmakers fall short on debt deal

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President Barack Obama and top lawmakers fell short on Monday of finding enough spending cuts for a deal to avoid an August 2 debt default and Republicans came under fresh pressure to agree to tax hikes.

HTC down after Apple's new patent lawsuit

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Shares in the world's No.5 handset maker, HTC Corp, tumbled more than 4 percent on Tuesday, after Apple Inc sued the company in a fresh complaint with a U.S. trade panel.
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BOJ set to hold fire, show more optimism on economy

The Bank of Japan is expected keep monetary policy on hold and present a brighter view on the economy on Tuesday, encouraged by a rebound in factory output and increasing signs that the recovery from the devastating March earthquake is broadening.
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Mercedes-Benz tops study of U.S. auto dealers

Mercedes-Benz dealerships were tops for the third straight year in an independent study issued on Monday of U.S. auto dealers that uses secret shoppers to determine how customers are treated.
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Starbucks reorganizes for international growth

Starbucks Corp unveiled a reorganization on Monday that Chief Executive Howard Schultz hopes will help the coffee chain reach its goal of one day getting half of its revenue from abroad.
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Major News Corp investor: stock still undervalued

The UK telephone hacking scandal that closed the News of the World newspaper and put News Corp's deal to buy the rest of broadcaster BSkyB in doubt will have little impact on cash flows at Rupert Murdoch's media empire, a major shareholder said on Monday.
Members of the Westboro Baptist church protest the screening of "Red State" at the Sundance Film Festival in Park City, Utah

Betty Ford 'In Hell' says WBC

The controversial Westboro Baptist Church will picket the memorial of former first lady Betty Ford, who died Friday at age 93.
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HighTower adds Morgan Stanley team in Virginia

HighTower Advisors, a firm consolidating wealth management businesses across the United States, on Monday said it added a team of advisers from Morgan Stanley Smith Barney in northern Virginia.
Anonymous Group LulzFinancial Hacks Westboro Baptist Church

Westboro Baptist Church to Picket Betty Ford Funeral

The fundamentalist, anti-gay Westoboro Baptist Church has announced its intention to picket funeral services in California and Michigan for former first lady Betty Ford, who died Friday at 93, The Grand Rapids Press reports.
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Alcoa Profit Doubles as Aluminum Prices Ascend

The United States' leading producer of aluminum, Alcoa Inc. (AA) has reported on Monday a steep incline in earnings and revenue thanks to sky-high aluminum prices, more than doubling in profit and exceeding estimates.
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Wall Street records worst day in a month, VIX jumps

Stocks suffered their worst day in nearly a month on Monday as concern about the stalemate in U.S. budget talks and growing debt problems in the euro zone prompted investors to hedge against further losses.
7-Eleven

7-Eleven Free Slurpee Day: A Recipe for Belly Fat?

7-Eleven is giving out free 7.11 ounce Slurpees at stores across the United States in celebration of its 84th birthday. But some are saying that 7-Eleven's refreshing beverages, just perfect for a hot summer day, are a great way to ruin beach bodies across the nation.
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'Superbug' Defeats Antibiotic for Gonorrhea

A new strain of the sexually transmitted disease gonorrhea was found to be resistant to antibiotics, international researchers say. According to the CDC, more than 700,000 persons in the U.S. get new gonorrheal infections each year and less than half of these infections are reported to CDC.
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Obama increases pressure on Republicans on debt

President Barack Obama on Monday increased pressure on Republican lawmakers to make concessions for a deal to avoid an August 2 debt default and said both sides must pull off the Band-aid and make sacrifices.
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Wall Street posts worst day in a month, VIX jumps

Stocks suffered their worst day in nearly a month on Monday as concern about the stalemate in U.S. budget talks and growing debt problems in the euro zone prompted investors to hedge against further losses.

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