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• Wall Street slides on earnings, economy (Reuters)
• Manufactured goods demand sinks, businesses wary (Reuters)
• Exclusive: SEC builds new tips machine to catch the next Madoff (Reuters)
• Lehman execs, auditor must defend investor lawsuit (Reuters)
• Saab unable to pay wages, blames delayed funding (Reuters)
• SEC to require biggest traders report activity (AP)
• Nippon Steel sees post-quake profit recovery, JFE lags (Reuters)
• Aetna 2Q net income climbs 9 percent (AP)
• Portugal gov't eyes consensus on bailout reforms (AP)
• Deal or no deal? US downgrade looking likely (AP)
• IMF warns France on deficit and slowing growth (AFP)
• Walmart Express hits Chicago (Reuters)
• Police: Pa. woman set fire with foreclosure notice (AP)
• Oil prices fall as nation's stockpiles build (AP)
• McConnell: Only Boehner's plan solves debt crisis (AP)
• GM CEO: Read my lips; Opel not for sale (Reuters)

Wall Street slides on earnings, economy (Reuters) Posted: 27 Jul 2011 08:42 AM PDT Reuters - Wall Street skidded on Wednesday as troubling signs from U.S. corporations and falling demand for long-lasting manufactured goods discouraged investors already nervous about faltering debt talks in Washington.

Manufactured goods demand sinks, businesses wary (Reuters) Posted: 27 Jul 2011 08:44 AM PDT Reuters - Demand for long-lasting U.S. manufactured goods fell in June and a gauge of business spending plans slipped, supporting views that the economy will not emerge quickly from its current soft patch.

Exclusive: SEC builds new tips machine to catch the next Madoff (Reuters) Posted: 27 Jul 2011 05:29 AM PDT Reuters - For more than three years, U.S. securities regulators investigated allegations of accounting fraud at a small telecom firm called China Voice Holding Corp, but could not make a case.

Lehman execs, auditor must defend investor lawsuit (Reuters) Posted: 27 Jul 2011 08:53 AM PDT Reuters - Former Lehman Brothers Holdings Inc executives, directors, auditors and underwriters lost their bid on Wednesday to dismiss an investor lawsuit seeking to hold them responsible for losses tied to the investment bank's collapse.

Saab unable to pay wages, blames delayed funding (Reuters) Posted: 27 Jul 2011 09:10 AM PDT Reuters - Struggling Swedish car maker Saab said on Tuesday it cannot pay almost half of its workforce this month because it has not received the funds it had expected, reviving fears about its precarious finances.

SEC to require biggest traders report activity (AP) Posted: 26 Jul 2011 10:27 AM PDT AP - Large traders will be required to register with the government and make available more information about their trades under a rule adopted by federal regulators Tuesday.

Nippon Steel sees post-quake profit recovery, JFE lags (Reuters) Posted: 27 Jul 2011 01:35 AM PDT Reuters - Nippon Steel Corp (5401.T), Japan's top steelmaker, forecast profits to rise this year as a slow global economic rebound bolsters demand, outperforming smaller rival JFE Holdings Inc (5411.T) which expects earnings to dwindle on tough competition in Asia's export markets.

Aetna 2Q net income climbs 9 percent (AP) Posted: 27 Jul 2011 09:04 AM PDT AP - Health insurer Aetna Inc. said Wednesday its second-quarter net income rose 9 percent in part because it benefited from a continued slowdown in the use of health care services by its members. The company also raised its full-year earnings forecast.

Portugal gov't eyes consensus on bailout reforms (AP) Posted: 27 Jul 2011 07:20 AM PDT AP - Portugal's prime minister is trying to get the blessing of trade unions and business leaders for his government's planned labor reforms.

Deal or no deal? US downgrade looking likely (AP) Posted: 26 Jul 2011 11:11 PM PDT AP - Could the U.S. lose its top credit rating even if a deal is reached to raise the debt limit? Market analysts and investors increasingly say yes. The outcome won't be quite as scary as a default, but financial markets would still take a blow. Mortgage rates could rise. States and cities, already strapped, could find it more difficult to borrow. Stocks could lose their gains for the year.

IMF warns France on deficit and slowing growth (AFP) Posted: 27 Jul 2011 08:18 AM PDT AFP - France will probably need extra action to cut its public deficit in 2012 and 2013 as falling growth threatens to complicate economic recovery, the International Monetary Fund said on Wednesday.

Walmart Express hits Chicago (Reuters) Posted: 26 Jul 2011 03:46 PM PDT Reuters - Wal-Mart Stores Inc is opening its first small store in Chicago this week in the first true test of a store format the world's largest retailer hopes will let it penetrate urban markets that it so far has had trouble cracking.

Police: Pa. woman set fire with foreclosure notice (AP) Posted: 27 Jul 2011 09:15 AM PDT AP - A northwestern Pennsylvania woman tried to smother her sleeping adult son before she set her house on fire with foreclosure documents and sliced her wrist with a razor, police said.

Oil prices fall as nation's stockpiles build (AP) Posted: 27 Jul 2011 08:00 AM PDT AP - Oil prices are falling after the government said the nation's oil and gasoline supplies rose last week.

McConnell: Only Boehner's plan solves debt crisis (AP) Posted: 27 Jul 2011 07:13 AM PDT AP - Senate Republican Leader Mitch McConnell says the House GOP's debt deal is the only option left that would avoid default without raising taxes.

GM CEO: Read my lips; Opel not for sale (Reuters) Posted: 27 Jul 2011 09:19 AM PDT Reuters - General Motors Co Chief Executive Daniel Akerson has weighed in strongly on the future of its Opel business, saying the European unit was not for sale.

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