UNITED STATES

Obama and lawmakers regroup to seek debt deal

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President Barack Obama and congressional leaders, struggling to break an impasse over taxes and spending cuts, will regroup on Tuesday to seek common ground for a deal to avoid a looming debt default.
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BOJ holds fire, more optimistic on economy

The Bank of Japan kept monetary policy on hold and revised up its assessment of 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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Alcoa Q2 profit jumps on metal, alumina prices

Alcoa Inc, America's biggest aluminum producer, posted a big jump in second-quarter profit on Monday, matching Wall Street estimates, partly due to soaring prices for the metal and alumina, its raw material.
HTC High-Up Claims Apple Legal Policy is Killing iPhone ‘Cool’ Factor

Apple to HTC: Stop those Droid, Flyer Sales

Days after filing another suit against Samsung, Apple took aim at smaller rival HTC on Monday, filling a claim with the International Trade Commission (ITC) to ban the sales of the competing smartphones and tablets.
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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.

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