AP - Asian stocks dropped Monday, with China's main index tumbling more than 3 percent, as investors tread cautiously after a series of gains and looked for more signs of economic recovery.

AP - World stocks dropped Tuesday, with China's main index sinking 2.6 percent, as investors tread cautiously after a series of gains and looked for more signs of economic recovery.

AFP - Stocks in London started in the red on Tuesday following falls across Asia and a day after strong rallies for world equities on mounting prospects of economic recovery.

AFP - The listed unit of state-owned Chinalco, China's largest alumina producer, swung to a loss in the first half but is looking for overseas investments after a failed Rio Tinto bid, it said Tuesday.

AP - Staples says its fiscal second-quarter profit dropped 39 percent on a hefty charge, but adjusted results met analysts' estimates.

AFP - The listed unit of state-owned Chinalco, China's largest alumina producer, swung to a loss in the first half but is looking for overseas investments after a failed Rio Tinto bid, it said Tuesday.

AP - Stock futures pointed to a modestly higher opening Tuesday as investors await key readings on house prices and consumer confidence.

Reuters - Oil bounced above $74 on Tuesday, nearly recouping earlier losses in line with equity markets ahead of a spate of U.S. economics data.

Reuters - Medical device maker Medtronic Inc said on Tuesday quarterly earnings fell 38 percent due to restructuring and litigation charges.

AP - Borders Group says it continued to lose money in its fiscal second quarter on charges and declining sales at its bookstores.

AP - Burger King said Tuesday its fiscal fourth-quarter profit rose despite a drop in sales as it opened more outlets and better managed costs in the U.S.

AP - Medical device maker Medtronic Inc. said Tuesday its profit fell 38 percent in the fiscal first quarter after it paid rival Abbott Laboratories to resolve a patent infringement lawsuit.

Reuters - Close-out retailer Big Lots Inc posted a higher-than-expected quarterly profit on tight expense controls on Tuesday and forecast a full-year profit that might exceed Wall Street estimates.

AP - Stocks are rallying after a report that shows consumers are starting to feel a little more confident about the economy.

Reuters - Oil hit $75 for the first time in 10 months on Tuesday, recouping earlier losses in line with equity markets on data that showed U.S. house prices climbed and consumer confidence rose to the strongest since May.

AP - Borders Group Inc. said Tuesday that it continued to lose money in its fiscal second quarter on charges and declining sales at its bookstores.

AP - For-profit education company Corinthian Colleges Inc. on Tuesday posted a profit in its fiscal fourth quarter from a loss last year as higher unemployment drove student enrollments higher.

AP - Investors are sending stocks higher, encouraged by a report that consumers are regaining confidence and news of Ben Bernanke's reappointment as Federal Reserve chairman.

Reuters - The U.S. Securities and Exchange Commission appointed on Tuesday an insider, James Kroeker, as its top accountant, where he will be responsible for thorny issues such as off-balance sheet accounting.

Reuters - Oil prices sank into negative territory Tuesday as dealers took profits from a rally earlier in the day to 10-month highs.

AP - Borders Group Inc. reported Tuesday that it continued to lose money in its fiscal second quarter on charges and declining sales at its bookstores.

Reuters - Top office-products retailer Staples Inc on Tuesday reported a 38 percent drop in quarterly profit as labor costs increased and its customers bought fewer bigger-ticket items such as furniture.

Reuters - Oil prices sank 4 percent on Tuesday as dealers rushed to take profits from a rally that had culminated in a 10-month peak earlier in the day.

AP - German airline Air Berlin PLC said Tuesday its net profit fell about 9 percent in the second quarter as the global economic downturn continued to weigh on air travel.

AP - Medical device maker Medtronic Inc. reported a 38 percent drop in fiscal first-quarter earnings Tuesday due to restructuring charges and legal fees from a patent dispute. Without the charges, the company's results narrowly beat Wall Street expectations.

AP - Office supply chain Staples Inc.'s sales fell less in the second quarter than earlier this year, but the company said Tuesday that its profit dropped 39 percent, mainly because of its acquisition of Dutch chain Corporate Express.

Reuters - Oil prices fell 3 percent on Tuesday as dealers rushed to take profits from a rally that had culminated in a 10-month peak earlier in the day.

Reuters - A federal judge asked Bank of America on Tuesday why it agreed to pay the U.S. Securities and Exchange Commission $33 million if it believed it had properly disclosed bonuses for Merrill Lynch & Co employees.

AP - International Rectifier Corp., which makes power management chips for satellites and aircraft, said Tuesday it swung to a fiscal fourth-quarter profit due to a sale of a business division, topping Wall Street's estimates.

AP - The Hain Celestial Group Inc., which makes Celestial Seasonings tea, on Tuesday said fiscal fourth-quarter profit fell 81 percent, hurt by one-time costs for severance and other items.

AP - A judge on Tuesday ordered federal regulators to explain why they didn't investigate whether executives at Bank of America Corp. misled shareholders about bonuses paid by Merrill Lynch.