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• Wall St cuts losses, Nasdaq turns positive (Reuters)
• Consumer confidence crumbles to two-year low in August (Reuters)
• Exxon, Rosneft tie up in Russian Arctic, U.S (Reuters)
• BofA sued over $1.75 billion mortgage trust (Reuters)
• Fed's Evans backs strong policy accommodation (Reuters)
• New York Stock Exchange ready for trading Monday (AP)
• S&P trims euro zone growth outlook (Reuters)
• Summary Box: Barnes & Noble 1Q loss shrinks (AP)
• Spain lawmakers give first OK to deficit amendment (AP)
• FDIC objects to Bank of America $8.5 billion mortgage accord (Reuters)
• European banks criticized over Greek writedowns (AP)
• Ahead of the Bell: Retailers to see slow 2nd half (AP)
• Minn. dad who abandoned son arrested in California (AP)
• Oil rises as East Coast refining resumes (AP)
• GOP tax expert chosen as to aide to budget panel (AP)
• Most Japan automakers report weak July production (AP)

Wall St cuts losses, Nasdaq turns positive (Reuters) Posted: 30 Aug 2011 08:36 AM PDT Reuters - Stocks cut their losses and the Nasdaq turned positive on Tuesday while the Dow was briefly higher.

Consumer confidence crumbles to two-year low in August (Reuters) Posted: 30 Aug 2011 08:07 AM PDT Reuters - Confidence among consumers plunged in August to its lowest in more than two years following the country's loss of its top credit rating and heart-wrenching drops in major stock indexes.

Exxon, Rosneft tie up in Russian Arctic, U.S (Reuters) Posted: 30 Aug 2011 08:10 AM PDT Reuters - U.S. oil company Exxon and Russia's Rosneft signed a deal on Tuesday to develop oil and gas reserves in the Russian Arctic, opening up one of the last unconquered drilling frontiers to the global industry No.1.

BofA sued over $1.75 billion mortgage trust (Reuters) Posted: 30 Aug 2011 08:19 AM PDT Reuters - Bank of America Corp was sued by the trustee of a $1.75 billion mortgage pool, which seeks to force the largest bank to buy back all of the loans in the trust because of alleged misrepresentations.

Fed's Evans backs strong policy accommodation (Reuters) Posted: 30 Aug 2011 06:37 AM PDT Reuters - Chicago Federal Reserve Bank President Charles Evans said on Tuesday he favored strong central bank accommodation for a substantial period of time, as the U.S. economy looks to be moving "sideways."

New York Stock Exchange ready for trading Monday (AP) Posted: 28 Aug 2011 06:41 PM PDT AP - The opening bell at the New York Stock Exchange is set to ring on time Monday.

S&P trims euro zone growth outlook (Reuters) Posted: 30 Aug 2011 05:01 AM PDT Reuters - Ratings agency Standard and Poor's lowered its economic growth forecasts for the euro zone on Tuesday, but said the shared currency bloc was not headed toward a new recession.

Summary Box: Barnes & Noble 1Q loss shrinks (AP) Posted: 30 Aug 2011 08:54 AM PDT AP - THE NEWS: Bookseller Barnes & Noble Inc. said Tuesday it narrowed its net loss in its fiscal first quarter as sales of its Nook e-book reader and e-books helped offset lower physical book sales.

Spain lawmakers give first OK to deficit amendment (AP) Posted: 30 Aug 2011 08:02 AM PDT AP - A proposed constitutional amendment that would force Spain's government to keep its deficit low cleared its first hurdle in Parliament on Tuesday.

FDIC objects to Bank of America $8.5 billion mortgage accord (Reuters) Posted: 29 Aug 2011 04:43 PM PDT Reuters - The FDIC and more than three dozen other investors on Monday lodged objections to Bank of America Corp's $8.5 billion settlement of claims over losses on mortgage-backed securities, joining a growing list of investors and regulators that are challenging the accord.

European banks criticized over Greek writedowns (AP) Posted: 30 Aug 2011 06:58 AM PDT AP - An international accounting board has sharply criticized some European banks and financial firms for not taking sufficient writedowns on the Greek bonds they hold.

Ahead of the Bell: Retailers to see slow 2nd half (AP) Posted: 30 Aug 2011 04:34 AM PDT AP - The second half of the year will likely be slow for retailers as weak sales and higher costs pressure some companies, an analyst said Tuesday.

Minn. dad who abandoned son arrested in California (AP) Posted: 30 Aug 2011 08:46 AM PDT AP - A father accused of abandoning his 11-year-old son because his Minnesota home was in foreclosure has been arrested in a small coastal town in central California.

Oil rises as East Coast refining resumes (AP) Posted: 30 Aug 2011 08:08 AM PDT AP - Oil rose to $89 per barrel on the expectation that supplies will be tighter in the wake of Hurricane Irene.

GOP tax expert chosen as to aide to budget panel (AP) Posted: 30 Aug 2011 08:55 AM PDT AP - The co-chairs of a budget "supercommittee" responsible for coming up with more than $1.5 trillion or more in deficit cuts announced Tuesday that they have chosen a Republican tax expert as their top staff aide.

Most Japan automakers report weak July production (AP) Posted: 30 Aug 2011 01:43 AM PDT AP - Most Japanese automakers reported lackluster vehicle production and sales for July, underscoring ongoing malaise in the industry as it grapples with a strong yen, precarious global economy and recovery from the March 11 tsunami.

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