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New York challenges Defense of Marriage Act

Two days after same-sex marriage became legal in New York, the state's attorney general has taken legal action challenging the constitutionality of the U.S. law which defines marriage as between a man and woman.

Dollar, stocks slide on debt gridlock

Stock Markets
The dollar fell broadly on Tuesday as lawmakers remained deadlocked over raising the nation's debt ceiling to avoid a devastating default, while U.S. and European shares also declined.

Oil up in seesaw trading

Pumps are seen at a gas station in Tokyo
Oil prices edged up in choppy trading on Tuesday, lifted by a weak dollar while markets were buffeted by the continued stalemate over the U.S. debt ceiling that hemmed in Wall Street.
U.S. Congressman Wu is pictured in undated official photograph

Oregon lawmaker to resign over sex scandal

Oregon Democratic Congressman David Wu, accused of an unwanted sexual encounter with a campaign donor's teenage daughter, said on Tuesday he will resign his seat to defend himself against "these very serious allegations."
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Focus of Discussion: Mental Health

Richest Nations are Also Most Depressed: Study

A new study incorporating interviews with more than 89,000 people in 18 nations revealed that 15 percent of people in high-income countries reported having been depressed, compared with 11 percent of those in low- or middle-income countries.
Focus of Discussion: Mental Health

Wealthiest Nations Are Unhappiest: Study

Depression rates are consistently higher in more affluent countries than in low income countries, according to researchers who correlated socioeconomic data with depression levels.
Dollar, stocks slip on debt fears

Dollar, Stocks Slip on Debt Fears

The dollar fell on Tuesday as U.S. lawmakers remained deadlocked over raising the nation's debt ceiling to avoid a devastating default, while U.S. and European shares also declined.
Two McDonald"s Happy Meal with toy watches fashioned after the characters Donkey and Puss in Boots from the movie "Shrek Forever After"

McDonald's Happy Meals get apples and fewer fries

McDonald's Corp said on Tuesday it will soon tweak its children's Happy Meals, reducing the french fry portion by more than half and automatically adding apples to the popular meals, after coming under pressure from consumer groups to provide healthier fare.
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Motorola bid to dismiss 3G phones lawsuit fails

Motorola Solutions Inc lost a bid to dismiss a class-action lawsuit accusing it of misleading shareholders about deteriorating prospects for its cellphone business, resulting in investment losses.
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.
At Issue: U.S. Housing Sector

U.S. Home Prices Rose in May, Aided By Seasonal Factor

Home prices in 20 major U.S. cities rose 1.0 percent in May, Case-Shiller announced Tuesday, as the sector benefited from the arrival of the warmer months -- historically a period when home sales rise. Still, the housing sector remains sluggish, and several more monthly rises will be necessary to conclude that a recovery is underway.

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