IBT Staff Reporter

Prices for new single family homes rose to a five-month high in June even as sales slipped, but recovery for the broader housing market continues to be frustrated by an oversupply of properties.

The stalemate in debt talks dragged down stocks for a second day on Tuesday, and light volume showed investors remained reluctant to make bets despite another round of healthy earnings.

A Delaware court is likely to rule by Friday on whether Dynegy Inc's proposed debt restructuring should be put hold, according to a Dynegy spokesman.

Germany's SAP AG expects to reach the high end of its 2011 forecasts after a strong second quarter, confounding fears of a slowdown in economically fragile Europe and lifting its shares.

Health advocates say the fast food chain still has a ways to go.

Norwegian police confirmed Saturday morning that they had arrested Anders Behring Breivik, 32, a suspect identified as right wing Christian fundamentalist who is responsible for both the bombing and the youth camp shooting rampage in Oslo, Norway Friday.

A slideshow which shows the human face of an inhuman tragedy.

Utoeya Island survivors have criticized the police for failing to respond to the attack by Breivik sooner.

Is Nina Dobrev Dating 'Vampire Diaries' co-star Ian Somerhalder?

The ex-husband of actress Sandra Bullock has called off his wedding to new girlfriend, tattoo artist and reality TV star Kat Von D.

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.

Billionaire investor George Soros, whose stock-picking career has spanned nearly four decades, said he will manage money only for himself and his family as new regulations threaten to crimp the hedge fund industry he made famous.

Amazon.com Inc reported a surge in quarterly revenue while profit slipped as the largest Internet retailer benefited from growth in e-commerce but kept spending heavily on distribution, technology and digital content.

The stalemate in debt talks dragged down stocks for a second day on Tuesday, and light volume showed investors remained reluctant to make bets despite another round of healthy earnings.

WHAT: First reading on U.S. second-quarter GDP

President Barack Obama's Democrats and their Republican rivals were further apart than ever on Tuesday in an impasse over America's debt limit as Wall Street braced for a looming U.S. default and credit downgrade.

The United States has no wiggle room on the debt after next week's default deadline, White House spokesman Jay Carney said on Tuesday, adding he expected a deal to be reached through compromise before then.

The U.S. 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.

General Electric Co has canceled plans to sell its railcar leasing business that could have fetched about $3 billion for the largest U.S. conglomerate, people familiar with the matter said on Tuesday.

Electronic Arts Inc, the video game maker behind FIFA and Madden, reported a 3 percent decline in first-quarter adjusted revenue as customers bought fewer video games than a year earlier.

In an ongoing rivalry between Apple's iPhone and Android, Google can uphold bragging rights as becoming the first smartphone to have assisted NASA astronauts on a space flight mission. Having its Nexus One powered Android OS programmed to spherical robots; the devices were launched into space aboard the space shuttle Atlantis. Once deployed, it assisted astronauts in surveying routine maintenance work.

A new report says mobile bandwidth has increasingly been used by video streaming providers like YouTube.

Shares of top video rental company Netflix Inc fell more than 9 percent on Tuesday, a day after the Wall Street darling shocked investors by projecting a pause in its normally explosive subscriber growth.

Disappointed investors dumped shares of several large U.S. industrial and transport companies after they warned of weak consumer markets, especially in the United States.

Apple has reportedly added four Taiwan manufacturers of integrated circuit boards to its iPad 3 supply chain, in order to keep costs low.

Former Destiny's Child member and "Motivation" singer, Kelly Rowland dropped her latest album July 26. Although typically referenced as a soulful artist, "Here I Am" is said to be a mix of R&B and dance tracks."The personalities aren't really different," she said in an interview with MTV News. "I think what I've grown to know about my voice is, just having a voice, period, as a woman, you mean business, period - whether that's making people dance or that's mak...

"Goodnight my angel," said Mitchell Winehouse, Amy's father, in his eulogy to his beloved daughter. "Sleep tight. Mummy and Daddy love you ever so much." With an emotional funeral, Amy Winehouse's family and friends laid her to rest today. Winehouse will be cremated following the service.

Britney Spears released a new video on YouTube announcing that her Femme Fatale tour would be going to South America. She began the video apologizing because her Circus Tour did not make it to the South. Now, about 12 dates will be added to the tour to visit cities including Rio de Janeiro and Sao Paulo in the fall.

On Sunday night's episode of ?Keeping Up With the Kardashians,? bride-to-be Kim learned the cause behind those itchy, red patches she's suffered from lately.