NEW YORK

Crude oil futures advanced Tuesday as fears over a sharp growth slowdown in the world’s second largest economy slightly eased after a report showed that Chinese factory activity in July grew at its fastest pace in five months.

For the last three years, the consensus has been that a robust and self-sustaining recovery for the U.S. economy is on the cards, but economist Nouriel Roubini, dubbed Dr. Doom, thinks that it's not likely to happen, rather he expects below trend growth for many years to come.

The New York Yankees traded two pitchers for long-time Seattle Mariners outfielder Ichiro Suzuki on Monday in a deal that puts Suzuki on a team in a much better position to play deep into October.

Tesla Motors Inc. (Nasdaq: TSLA) is expected to report second quarter 2012 earnings sharply lower than the previous year as the company waits for revenue from the recently launched Model S and from a new partnership with Mercedes-Benz to have a positive impact later in the year.

Russian baritone Evgeny Nikitin has decided not to perform at the Bayreuth festival in Germany after it was discovered that he once had a swastika tattoo.

Roberto Di Matteo appears intent on bolstering the Chelsea squad this summer, as the Blues attempt to build off their Champions League and FA Cup titles in a very busy summer transfer period.

New York-based rapper Khalif Diouf, who has recently gained attention as a pillar of New York's queer rap community as Le1f, premieres his new music video for the song Wut from his mixtape Dark York.

In light of the horrific shootings in Aurora, Colo., last Friday during the midnight release of “The Dark Knight Rises,” Warner Brothers is apparently kicking around the idea of re-editing their upcoming Ryan Gosling/Sean Penn film “Gangster Squad”.

Need a place to crash in Berlin this summer? Strapped for cash? Here’s an idea: Stay in the “smallest house in the world,” One-Sqm-House, for just 1 euro per night.

Just hours ago, disgraced late Penn State football coach Joe Paterno was the winningest coach in major college football history. After crippling NCAA sanctions to Penn State were announced Monday morning, which included vacating the school football team's wins from 1998 and 2011, the distinction now goes to Bobby Bowden, best known as the former coach of the Florida State Seminoles and West Virginia Mountaineers.

Crude oil futures plunged Monday as renewed concerns over the euro zone debt crisis weighed on the financial markets and commodities.

Both media mogul Rupert Murdoch and actor Jason Alexander have spoken out against automatic weapons in the wake of the shootings Friday in Aurora, Colo.

The Dark Knight Rises has been the most hotly anticipated blockbuster film of the summer, but its opening weekend was marred by a horrific shooting spree at a movie theater that left 12 dead and 58 injured in Aurora, Colo. Nonetheless, sources said its box-office take has been at least $160 million.

Colorado Gov. John Hickenlooper said following the Aurora, Colo., shooting there may be a discussion on gun but that the incident wasn't a Colorado problem. Rather it was a human problem and that suspect James Holmes would have found some other way to cause terror.

The NCAA said Sunday it will hold a news conference Monday morning to announce what were described as “corrective and punitive measures” against Penn State.

Internet users and investors were heartened last week when Yahoo (Nasdaq: YHOO), elected Marissa Mayer, 37, as its third CEO in less than a year. A hedge fund gets part of the credit but not all hedge funds score as well in the tech sector: how about Eastman Kodak (Pink: EKDKQ)?

Prominent journalist and political writer Alexander Cockburn died in Germany on Saturday, according to his friend Jeffery St. Clair. Cockburn, 71, had been battling cancer for a couple of years.

The alleged shooter in the Aurora, Colo., massacre, James Holmes, has been placed in solitary confinement at Arapahoe County's detention center. The high-profile nature of Holmes' case has naturally attracted the attention of other inmates, some of whom have threatened to kill the suspect.

More than three years after his indictment for the alleged 2004 murder of his third wife, Kathleen Savio, the trial of former police officer Drew Walter Peterson, 58, will begin Monday with jury selection in Joliet, Ill., 44 miles southwest of Chicago.

James Holmes, the alleged gunman believed to be responsible for the shootings at a movie theater in Aurora, Colo., that took place on Friday, is currently in custody at the Arapahoe County Sheriff's Office Detention Facility in Centennial, Colo.

In the old days of Mexico's Institutional Revolutionary Party (PRI), the party of President-elect Enrique Pena Nieto, a systemic culture of government corruption ensured that the drug cartels would be more or less left alone in exchange for hefty bribes at multiple levels, and as the drugs flowed north into the U.S. there was relatively little violence.