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Gold Up on Lack of US Debt Progress; Stocks flat

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Gold prices hit a record high at more than $1,623 an ounce and Asian stock markets were largely flat, as news out of Washington indicated politicians were making little progress in ending the deadlock over lifting the U.S. debt ceiling.
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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.
Stock Markets

Dollar, stocks slide on debt gridlock

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.
Pumps are seen at a gas station in Tokyo

Oil up in seesaw trading

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."
A demonstrator holds placards to protest U.S. debt in front of the Capitol in Washington July 18, 2011. REUTERS/Kevin Lamarque

U.S. likely to lose top rating: economists

The United States will lose its top-notch AAA credit rating from at least one major rating agency, according to a Reuters poll that also found wrangling over the debt ceiling has already damaged the economy.
US Post Office In Blacksburg, Virginia

U.S. Postal Service to Close 3700 Offices This Year

The U.S. Postal Service (USPS) announced today a list of nearly 3,700 retail offices to be studied and potentially closed as early as November and replaced by new Village Post Offices in an effort to compensate for losses.
Bono, lead singer of Irish band U2, performs

Rock documentaries shake up Toronto film festival

Irish rockers U2 and American grunge band Pearl Jam will have the Toronto International Film Festival rocking this year, while George Clooney and Brad Pitt bring some A-List star power to the event that helps launch Hollywood's Oscar season.
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.

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