Reuters - The U.S. Securities and Exchange Commission wants former Kmart Chief Executive Charles Conaway to pay $22.6 million, alleging he mislead investors before the company filed for bankruptcy in 2002, court documents showed.

AP - Asian markets mostly rose Tuesday on stronger commodity prices and overnight Wall Street gains driven by signs the U.S. recession might be ending.

AP - Toyota reported a smaller-than-expected 77.8 billion yen ($819 million) quarterly loss and expects less red ink for the full year even as the world's top automaker battles plunging sales and a strong yen.

AP - European stock markets fell Tuesday ahead of an expected lower opening in the U.S. as mixed corporate earnings led some investors to book profits from recent market highs.

AP - Nationalized bank Northern Rock on Tuesday saw its first half loss rise 31 percent to 740 million pounds ($1.25 billion) as bad loan provisions swelled to over a billion pounds and said it is working on a plan to split its operations into two.

AP - Hard-hit Swiss bank UBS AG, beset by a U.S. tax evasion probe, posted a second quarter loss of 1.4 billion Swiss francs ($1.3 billion) Tuesday in an improvement over the first three months of the year.

Reuters - U.S. stock futures slipped on Tuesday as investors paused to gauge if the recent run-up will hold, while retreating oil prices looked set to weigh on energy shares.

AFP - A global stock market rally faltered on Tuesday as European stocks fell on profit-taking, despite Tokyo striking a 10-month high on global economic optimism and company earnings news.

AP - GMAC Financial Services, which provides both automotive and home loans, says it posted a wider second-quarter loss of $3.9 billion as it transformed from an arm of General Motors Co. into an independent bank.

Reuters - CVS Caremark Corp posted a bigger-than-expected jump in quarterly profit on Tuesday, aided by new stores and increased demand as consumers bought Easter treats and products to combat the H1N1 flu.

AP - Homebuilder D.R. Horton Inc. reported fiscal third-quarter results on Tuesday that provided another sign the battered housing market is limping out of its recession.

AP - Archer Daniels Midland Co. said Tuesday its fiscal fourth-quarter profit tumbled 83 percent as its results were pressured by higher corn costs, lower average selling prices and softer demand.

AP - Power company Duke Energy said Tuesday that its second-quarter earnings fell as demand for power from industrial customers continues to slide because of the recession.

AP - Genpact Ltd., a business process services outsourcer, said Tuesday that its second-quarter profit climbed 20 percent on the strength of its global client operations and lower expenses.

AP - Luxury automaker BMW AG said Tuesday that its second-quarter profit skidded 76 percent lower as consumers put off buying its pricey vehicles. It said a 'lasting' economic recovery was not yet in sight.

AP - Stocks are paring early losses as investors cheer a report showing more signs of healing in the housing market.

AP - Stocks edged higher in midday trading Tuesday as investors tried to extend a huge three-week rally.

AP - General Electric Co. will pay a $50 million civil penalty to settle charges filed by the Securities and Exchange Commission accusing the conglomerate of improper accounting in order to make its financial results appear more attractive to investors.

AFP - Italian banking giant Unicredit said Tuesday its net profits fell by 74.37 percent in the second quarter to 490 million euros (706 million dollars) due to write-downs and provisions in the economic crisis.

AP - Stocks barely budged Tuesday as investors took a break from a huge three-week rally.

AP - The Securities and Exchange Commission is moving toward banning a trading practice that gives some brokerages a split-second advantage in buying or selling stocks.

AP - Homebuilder D.R. Horton Inc. reported fiscal third-quarter results on Tuesday that provided another sign the battered housing market is limping out of its recession.

AP - Auto parts supplier ArvinMeritor Inc. posted a $162 million loss Tuesday for its fiscal third quarter as worldwide vehicle production fell and said it has agreed to sell its wheels business, the latest in a series of divestitures.

AFP - Italian banking giant Unicredit said Tuesday its net profits fell by 74.37 percent in the second quarter to 490 million euros (706 million dollars) due to write-downs and provisions in the economic crisis.

AP - CBS Corp., the broadcast network controlled by media magnate Sumner Redstone, reports its second-quarter earnings Thursday. The following is a summary of key developments and analyst opinion related to the period.

AP - Having sprinted higher for three weeks, the stock market is taking a break.

Reuters - Private equity firm Kohlberg Kravis Roberts & Co nudged another step closer to merging with its Euronext-listed fund on Tuesday after the fund received enough support from its unitholders for the deal.

AP - Whole Foods Market Inc. says its third-quarter profit grew nearly 3 percent as sales at the natural and organic grocery chain rose. The results beat forecasts.

AP - Electronic Arts says its fiscal first-quarter loss was larger than a year ago, dragged by lower revenue.

Reuters - Kraft Foods Inc posted higher-than-expected quarterly profit on Tuesday as price increases, cost cuts and people eating more food at home helped boost results.

AP - Kraft Foods says its second-quarter profit rose 11 percent although its sales slipped as the impact of the strong dollar weighed down international sales.

AP - Insurer The Phoenix Cos. on Tuesday posted a wide second-quarter loss, driven by severance costs and tax issues, sending shares down sharply.

AP - Wendy's/Arby's Group Inc. reports results for the second quarter on Thursday. The following is a summary of key developments and analyst opinion related to the period.

AP - Having sprinted higher for three weeks, the stock market is taking a break.

AP - A lawyer pleaded with a judge Tuesday to carve out a $3,000 allowance for a Michigan money manager whose assets were frozen after federal regulators accused him of squandering millions of dollars of his clients' money on a lavish lifestyle.

AP - Medical research equipment maker Charles River Laboratories International Inc. on Tuesday posted a 30 percent drop in second-quarter profit as weak demand from pharmaceutical and biotech companies resulted in lower sales.

AP - Rental car company Dollar Thrifty Automotive Group Inc. on Tuesday posted a 15 percent increase in its second-quarter results, but saw rental sales slip as fewer consumers traveled.

AP - Sotheby's said on Tuesday said it earned a sharply lower second-quarter profit as revenue slid and the recession dampened demand for art worldwide.

AP - Kraft Foods Inc. said Tuesday its second-quarter profit rose 11 percent even though its revenue slipped as the dollar's strength weighed down international sales.

AP - Oil and gas company Petrohawk Energy Corp. on Tuesday reported a narrowed second-quarter loss, due to lower drilling costs and increased production.