IBT Staff Reporter

Stocks continued to face headwinds on Tuesday from the ongoing stalemate in Washington over raising the debt ceiling, with light volume showing the gridlock in Washington has made investors nervous.

Kenyan fuel marketer KenolKobil posted an 86 percent jump in first-half pretax profit to 3.22 billion shillings on Tuesday, helped by a 38 percent rise in sales and lower distribution costs.

France's Safran has completed a $1 billion purchase of U.S. face-recognition software maker L-1 Identity Solutions and said it was now the world leader in biometric identification.

Concern over Fiat SpA's ballooning debt dragged its stock lower on Tuesday, overshadowing the forecast-beating quarterly results that prompted the Italian carmaker to raise its full-year targets.

Single-family home prices were unchanged in May, the first time in nearly a year they have not fallen on a monthly basis, though prices were still down compared to a year earlier, a closely watched survey said on Tuesday.

"If Paraguay win the Copa America then, I shall pose nude on the pitch," said Larissa Riquelme of last year's match between Paraguay and Uruguay.

During Google's earnings call on July 14, it was revealed that 550,000 android devices were being activated every day. However, the article states that 30-40% of all activated android devices are being returned.

South African gold miners will this week join thousands of workers seeking pay rises in widening nationwide strikes, threatening to hurt exports from Africa's largest economy at a time when bullion is at record highs.

During Google's earnings call on July 14, it was revealed that 550,000 android devices were being activated every day. However, the article states that 30-40% of all activated android devices are being returned.

Demand for South African government debt picked up at a weekly auction on Tuesday mainly due to strong foreign buying.

Wall Street and Silicon Valley have issued verdicts on Research In Motion, and they are mostly damning for the BlackBerry maker. Canadians, on the other hand, are eager to give their compatriot the benefit of the doubt.

Gannett Co is expanding its DealChicken daily deals service, which will be in more than 50 cities by the end of year, as the top U.S. newspaper chain tries to capitalize on the online coupon craze.

Spain and Italy paid a high price to sell short-term debt on Tuesday, compounding investors' concern that last week's bailout package for Greece left the euro zone's debt crisis unresolved.

The S&P and Nasdaq were little changed in thin trade on Tuesday as investors hoped for a resolution in the debt ceiling stalemate, while industrial stocks fell after 3M's profit failed to top estimates.

Former California Governor Arnold Schwarzenegger said on Monday that his 13-year-old son, Christopher, is improving as he recovers from injuries suffered when he was hit by a large wave at the beach.

The family of Amy Winehouse gathered at a north London cemetery on Tuesday to bid farewell to their "angel," three days after the troubled singer was found dead at her home.

The 30-year-old reality TV star Kim Kardashian was diagnosed Sunday with the autoimmune disorder psoriasis, a skin disease that roughly affects 7.5 million Americans.

For years, physicians have told their patients and mothers have often told their daughters that drinking more cranberry juice is great for a woman's urinary tract. Although, a recent study found that antibiotics prove to be a better prevention method for urinary tract infections than cranberry capsules taken by women who suffered from recurring infections.

Amnesty International said its website had been blocked in Saudi Arabia after the rights group published a leaked draft of an anti-terror law and accused the kingdom of planning to use the legislation to crush dissent.

FIFA are set to open a further investigation into the meeting of Caribbean football officials which resulted in former presidential candidate Mohamed Bin Hammam being banned for life.

For years, physicians have told their patients and mothers have often told their daughters that drinking more cranberry juice is great for a woman's urinary tract. Although, a recent study found that antibiotics prove to be a better prevention method for urinary tract infections than cranberry capsules taken by women who suffered from recurring infections.

Ryan Lochte's victory in the mens' 200 meters freestyle at the world swimming championships Tuesday not only allowed him to emerge from compatriot Michael Phelps's shadow but could set up a mouthwatering 'Race of the Century - Part Two' at next year's London Olympics.

Gold held steady below its record high on Tuesday as investors waited to see if President Barack Obama's appeal for lawmakers to break a deadlock in U.S. debt talks would succeed, while the euro zone debt crisis lent support.

IMF chief Christine Lagarde on Tuesday urged the United States to quickly resolve a political stalemate over raising the debt ceiling, warning that failure to reach an agreement would have serious consequences for the world economy.

So many Americans are so sick of political acrimony over raising the U.S. debt limit that it might seem unfathomable to have to do it all over again early next year. But that is exactly what the top U.S. Republican, John Boehner, is proposing for some practical political reasons.

The far side of the moon has brought a fresh surprise to scientists when they discovered a rare volcanic hot spot on the mysterious 'other side' of the moon hidden from the earth.

U.S. single-family home prices were unchanged in May, though prices were still down compared to a year earlier, a closely watched survey said on Tuesday.

Deutsche Bank AG warned of weakness to come in its core investment banking division, laying bare the challenge facing its two new CEOs named only hours earlier.

Nicknamed 'Curiosity,' NASA's new Mars rover is being prepared to explore Gale Crater on Mars, with a mission to find answers to whether the environment could support and preserve life on Mars.