IBT Staff Reporter

U.S. stocks slid on Tuesday, retreating after initial, earnings-fueled gains were overshadowed by cautious comments on the economic outlook from company executives and Federal Reserve Chairman Ben Bernanke.

The bankruptcy restructurings of General Motors Corp and Chrysler LLC have improved credit market access for auto suppliers, but the sector is far from healthy and requires close government monitoring, an Obama administration official said on Tuesday.

The Rural Cellular Association, whose members include about 100 small and medium-sized carriers, said on Tuesday it was encouraged by Verizon Wireless's offer to limit new exclusive handset deals but the offer was inadequate.

We chose Bermuda with its British past and multicultural present for our honeymoon. Bermuda is a bit off the norm. You can't camp nor drive a car, but you can rent a motor scooter.

President Barack Obama said on Tuesday the healthcare overhaul plan working its way through the U.S. Congress needs more work amid signs his top policy initiative, already rejected by Republicans, was running into deeper trouble with his own Democrats.

Asset manager BlackRock Inc said second-quarter profit fell from a year earlier as assets under management declined, but results rebounded from the first quarter as markets recovered.

Coca-Cola Co's better-than-expected quarterly profit was not enough to please investors who looked for stocks with stronger growth potential on Tuesday, as weaker foreign currencies reduced Coke's gains in emerging markets.

Intel on Tuesday unveiled its second generation solid-state drive based on 34-nanometer manufacturing process promising higher performance at less cost.

BOOM - BOOM - BOOM. The bass was pumping, it was 3am in the Bahamas, and the place was rocking. Unfortunately, the hotel room I was sharing with my dad was right above it.

Harvard University professor Henry Louis Gates, one of the nation's most powerful African-American scholars, was charged of disorderly conduct, local media reported on Tuesday.

Dubai's Al Nassma, the world's first brand of chocolate made with camels' milk, plans to expand into new Arab markets, Europe, Japan and the United States, its general manager said on Tuesday.

Bernanke Sees Low Rates Ahead; Caterpillar's Big Surprise; Airlines Cut More Jobs

Only children from the richest British families can enjoy careers in top professions like law and medicine because of increasingly impenetrable social barriers, a government-commissioned report said on Tuesday.

U.S. machinery maker Caterpillar Inc posted stronger-than-expected second-quarter earnings and raised its full-year outlook, citing signs of global economic stability, sending its shares up as much as 13 percent.

U.S. stocks fell on Tuesday, retreating after initial earnings-fueled gains were overshadowed by cautious comments on the economic outlook from company executives and Federal Reserve Chairman Ben Bernanke.

Google Inc would strengthen its mobile search service in China, the first strategic move since the company came under the Chinese government glare for providing links to pornographic sites, ChinaDaily reported on Tuesday.

U.S. stocks fell on Tuesday, retreating after initial earnings-fueled gains were overshadowed by cautious comments on the economic outlook from company executives and Federal Reserve Chairman Ben Bernanke.

Caterpillar's Big Surprise; Airlines Cut More Jobs; CIT on Brink

Freddie Mac on Tuesday named Charles Ed Haldeman as their new chief executive officer effective August.

NRG Energy Inc.'s shareholders voted to reject a slate of directors that rival Exelon Corp. had proposed for NRG's Board on Tuesday. The U.S. Senate Committe on Environment & Public Works is holding a hearing on the Waxman-Markey energy bill. China's solar energy sector surged on Tuesday on subsidies plan.

Yahoo Inc said it plans to introduce a major overhaul of its Internet home page on Tuesday. The new homepage blends Yahoo's collection of online content and products with popular social networking services like Facebook and Twitter.

Investment bank Morgan Stanley has raised its forecast for China's 2009 GDP growth to 9% from the previous 7% and its 2010 GDP growth forecast to 10% from the previous 8%, Chinaknowledge reported on Tuesday, citing a new report of the bank.

Mobile broadband in the Middle East and Africa will expand to $6 billion in the next two years from the current $1 billion, spurred by an expanding network and falling prices, a telecoms advisory firm has said.

The Dow Jones industrial average dipped on Tuesday, while the Nasdaq and the S&P 500 added losses, after Caterpillar Inc , a major economic bellwether, said it expected a challenging third quarter.

Beijing Automotive Industry Holding Corp is in talks with Fujian Motor Industry Group to replace it as the local partner in a commercial vehicle tie-up with Daimler AG (DAIGn.DE) in southeast China, a source said on Tuesday.

Auto companies posted steep losses and poor outlooks for the industry on Tuesday, suggesting recovery is some way off despite improving economic data and a stock market rally toward nine-month highs.

No sport has quite as strong a sales pitch as surfing-a solitary rider dancing across the face of a glassy wave, seeming to master it in one moment and in danger of getting swallowed whole the next.

United Airlines parent UAL Corp and Continental Airlines posted quarterly losses on sagging travel, and both carriers, like so many other major U.S. companies, unveiled cost-cutting efforts for the second half of 2009.

Federal Reserve chairman, Ben Bernanke, today told congress policy makers that the Fed will likely maintain interest rates at exceptionally low levels for extended periods. Following Bernanke's remarks treasury prices increased reversing a earlier losses. Bernanke said despite positive signs of an improvement in the economy, the job loss rate remains high and the unemployment rate continues its steep rise.