UNITED STATES

Oil prices fell on Tuesday as economic concerns sent investors into safer havens, outweighing positive U.S. manufacturing and home sales data.

U.S. auto sales boomed in August as consumers burned through $3 billion in government incentives, leaving automakers to contend with both inventory shortages and uncertain demand in the months ahead.

New York City's new Croton water treatment plant will cost more than twice the original estimate of $992 million and it will not be finished on time, the city comptroller said on Tuesday.

Troubled U.S. lender CIT Group on Tuesday said it deferred an interest payment on some notes, sending its shares down as much as 17 percent.

NEW YORK - A U.S. ethanol industry group is pushing lawmakers to craft legislation requiring fuel companies to inform customers what country their fuel came from in hopes of increasing awareness about money spent on oil imported from overseas.

The U.S. Energy and Treasury Departments on Tuesday announced $503 million in government cash grants to companies developing renewable energy projects.

President Barack Obama will review a new U.S. military report on Afghanistan this week and any decision on changing the U.S. presence there is weeks away, Obama's spokesman said on Tuesday.

The General Motors [GM.UL] board of directors will discuss the future of Opel in a telephone meeting on Tuesday, two sources familiar with the matter told Reuters.

U.S. stocks sank on Tuesday on increasing worries that there could be more bank failures and concerns that equity prices may have run ahead of the economic recovery.

U.S. auto sales boomed in August as consumers burned through $3 billion in government incentives, leaving automakers to contend with both inventory shortages and uncertain demand in the months ahead.

Celebrity fashion designer Anand Jon Alexander, 35 was sentenced to a minimum of 59 years in prison on Monday for sexual assaulting aspiring models, according to the Los Angeles County District Attorney's Office.

DETROIT - Chrysler Group LLC's U.S. sales fell 15 percent to 93,222 units in August due to inventory shortages related to extensive summer shutdowns during its bankruptcy restructuring, a source briefed on the matter said on Tuesday.

A U.S. tax probe against Swiss bank UBS has killed traditional offshore banking and wealth managers will have to improve their offers to survive, bankers and industry experts said on Tuesday.

Chrysler Group LLC's U.S. sales fell 15 percent to 93,222 units in August due to inventory shortages related to extensive summer shutdowns during its bankruptcy restructuring, a source briefed on the matter said on Tuesday.

Stocks fell on Tuesday as investors fretted that prices may have run too far ahead of the economic recovery even as data showed the U.S. manufacturing sector expanded in August after a long slump.

Manufacturers from several nations delivered upbeat news on Tuesday, indicating a recovery from the deepest global recession since World War Two is gradually gaining traction.

Lenovo, the world's No. 4 PC brand, says it plans to list on the Shanghai stock exchange when rules permit, opening an opportunity for the firm in one of the world's best performing stock markets.

Gain Capital Holdings Inc, an online provider of retail foreign exchange trading services, is planning to raise up to $125 million in the public markets, according to a regulatory filing on Monday.

Worrying about the looming threat of unemployment can be more damaging to a person's health than actually being jobless, according to a U.S. study.

The buyer of AIG's Taiwan unit Nan Shan Life should run it for at least seven years, the island's financial regulators said on Tuesday, indicating there will be no swift exit for any buyer.

Pending sales of previously owned U.S. homes raced to a two-year high in July, a real estate trade group said on Tuesday, giving more evidence that a recovery in the housing market was under way.