IBT Staff Reporter

Stocks were little changed on Tuesday as the market consolidated after strong gains last week and manufacturing data did little to boost investors' sentiment.

Stocks edged lower on Tuesday after stocks had their best week in two years last week and traders waited for direction from U.S. manufacturing data due later in the session.

Nokia has cut the prices of its smartphones in Europe in an attempt to slow the decline in its share of the higher end of the market, two industry sources said on Tuesday.

Ousted Wimbledon champion Serena Williams has taken a giant fall in the latest WTA world rankings, plummeting 150 places to 175th.

A badly decomposed woman's body was discovered in Fall Creek in North East Indianapolis on Sunday evening. The owner of the body could be one of the two missing women: the Indiana University student Lauren Spierer or Noblesville great-grandmother Dorothy Mae Heard.

Nokia has cut prices of smartphones across its portfolio from early July in an attempt to slow the decline of its share in the higher-end of the cellphone market, two industry sources said on Tuesday.

Stock index futures were poised for a slightly lower open on Tuesday before factory orders data and after stocks had their best week in two years last week, leaving the market primed for a decline.

Serial entrepreneur, dog lover, social networking czar and Zynga Inc founder Mark Pincus on Friday took a big step toward joining Wall Street's Internet elite.

Apple has placed an order for 15 million iPhone 5s with Taiwan-based note-book maker Pegatron Technology which will start shipping them in September 2011.

European services growth slowed in June in the face of sluggish new orders and rising interest rates, giving firms less optimism about the year ahead, business surveys showed on Tuesday.

South Korean regulators are set to launch a probe into Hana Bank's 1.5 trillion won ($1.4 billion) loan to a unit of U.S. buyout fund Lone Star that holds a majority stake in Korea Exchange Bank <004940.KS>, an official said on Tuesday.

New York Attorney General has issued subpoenas to at least nine leading life insurers to examine whether the firms have adequately ensured payouts on policies of some deceased customers, the Wall Street Journal said, citing people familiar with the matter.

Prosecutors will drop sexual assault charges against ex-IMF chief Dominique Strauss-Kahn at his next court appearance in two weeks, or earlier, because of doubts about the credibility of the alleged victim, the New York Post said Tuesday.

International banks are meeting in Paris Tuesday to discuss France's proposed plan for the private sector to contribute to Greece's bailout effort, people familiar with the matter said.

Google+, which had generated ‘insane demand’ within a couple of days of its launch, could easily beat the Facebook frenzy of more than 500 million users, if it could get access to the information of the long preserved friends in Facebook.

Japan's Fujifilm aims to become the world's fourth largest camera maker by next March and the No. 3 manufacturer two years later, overtaking first rival Samsung and then Nikon, a senior company executive said.

China's local government debt burden may be 3.5 trillion yuan ($540 billion) larger than auditors estimated, putting banks on the hook for deeper losses that could threaten their credit ratings, Moody's said on Tuesday.

Stock index futures rose slightly on Tuesday before factory orders data and after stocks had their best week in two years last week.

Stock index futures were slightly higher on Monday before factory orders data and as traders returned from a long holiday weekend after the S&P 500's extended winning streak last week.

Manchester United's player-turned-coach Paul Scholes has given a damning verdict on traditional-rivals Arsenal, stating that a failure to produce the results they need undermines the club's attractive style of play.

South Korea's Hana Financial Group <086790.KS> said on Tuesday its $4.3 billion deal to take over private equity fund Lone Star's controlling stake in Korea Exchange Bank <004940.KS> would be extended for six months to December.

China's local government debt burden may be 3.5 trillion yuan ($540 billion) larger than auditors estimated, putting banks on the hook for deeper losses that could threaten their credit ratings, Moody's said on Tuesday.

Fall is approaching and if rumors are true we can expect to see Apple's next generation tablet the iPad 3 hitting stores in September. The iPads have dominated the tablet scene since its release in April 2010 by owning 82% of the US market. Apple's iPad 3 release is expected to strengthen that number though a batch of next generation competing tablets plans to reverse that trend.

Canon, the world's top camera-maker, is exploring the possibility of launching a mirrorless model, packing many of the capabilities of an upmarket single-lens reflex camera into a more compact body, a senior executive said.

Yesterday was day one of the 4 day haute couture show home to Paris, which sees handpicked labels unleash their extravagant and lavish creations to the world. Lavish being the operative word, as these garments can be priced anywhere between tens and even hundreds of thousands of pounds.

A shoe cleaner in China who had not heard from her daughter for the past five years, since she left, was re-united after a stranger tweeted the lady’s picture taken in his iPhone on a micro-blogging site.

Greece will stave off default not only for its own sake but because its survival is vital for the euro zone and the global economy, Greek Finance Minister Evangelos Venizelos told Reuters on Monday.

Chinese regulators are playing a game of hide and seek with the country's lenders, trying to uncover deals struck with the intention of evading official loan restrictions.

World stocks steadied below a recent 4-1/2 month high on Tuesday while the euro fell as worries about further monetary tightening in China and caution over the euro zone and U.S. economic outlook made investors hesitant.