UNITED STATES

Wall Street slides as Greece's debt worries mount

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Investors dumped U.S. stocks on Tuesday as fears grew that the financial rescue package for Greece might not be enough to prevent a sovereign debt crisis from spreading to other weak euro zone countries.
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Better weather aids fight on oil slick

A flotilla of nearly 200 boats tackled a massive oil slick in the Gulf of Mexico on Tuesday, taking advantage of calmer weather to intensify the fight to reduce the spill and limit its impact on the U.S. shoreline.
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CVS Caremark profit rises, year view brightened

CVS Caremark Corp posted a bigger-than-expected rise in quarterly profit, helped by dispensing more profitable generic drugs, and the company raised the low end of its 2010 earnings forecast.
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Toyota to keep U.S. sales incentives through June 1

Toyota Motor Corp is extending heavy discounts to boost U.S. auto sales for a third month, U.S. Toyota executives said on Monday, as the automaker tries to recover from a series of damaging safety recalls.
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Pending home sales touch 5-month high in March

Pending sales of previously owned U.S. homes rose more than expected to a five-month high in March as buyers rushed to sign contracts before a popular tax credit expired, a survey showed on Tuesday.
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Mammograms catch few cancers in young women: study

(Reuters) - Mammograms detect few cancers in women under the age of 40 but cause expense and anxiety because women frequently get false positives that require follow-up to rule out cancer, researchers reported on Monday.
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Nissan recalls Infiniti G35 sedans, coupes

Nissan Motor Co recalled Infiniti G35 sedans and coupes affecting as many as 134,000 cars due to a connector that could cause airbags not deploy during a crash, U.S. regulators said on Tuesday.
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Regulators mull antitrust look at Apple: source

Regulators are considering an inquiry into whether Apple Inc violates antitrust law by requiring that its programing tools be used to write applications for the iPad and iPhone, a source familiar with the matter said on Monday.
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BP struggles to stop Gulf of Mexico oil leak

BP Plc struggled to stop oil gushing unchecked from a ruptured undersea well in the Gulf of Mexico on Tuesday and calmer weather raised hopes of reducing the massive oil slick and limiting its impact on the U.S. shoreline.
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Futures down after rally as Greece worries linger

U.S. stock index futures sank on Tuesday on continued worries over Greece's financial state and after a broad rally in the previous session that took the S&P 500 to its biggest day in two months.
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Russia's oil, gas output rise this year

Russia's Energy ministry said country's oil and gas production saw a favorable increase year-on-year in the first four months this year. In a report, the ministry said, From January to April, the country's oil output reached 165.3 million tons, which was a 3.1-percent growth over the same period of last year; while the gas production soared 20.4 percent year-on-year to 237.9 billion cubic meters.
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Stock futures down after rally

U.S. stock index futures fell on Tuesday after a broad rally in the previous that took the S&P 500 to its best day in two months as investors fretted over whether Greece could make deep spending cuts.
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UBS predicts moderate withdrawals after strong Q1

UBS boss Oswald Gruebel predicted moderate asset withdrawals in the short term as the Swiss bank's forecast-beating quarterly results gradually start to boost client confidence and wealth advisors' morale.
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Arnold ends support for California oil drilling

Massive oil spill on the other side of the mainland prompted actor governor Arnold Schwarzenegger of US state California to withdrew his support of a plan to expand oil drilling off the state's coast. The governor had earlier proposed expanding oil drilling off the coast of Santa Barbara County to help close the state's $20 billion budget deficit.

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