Reuters - U.S. blue-chip stocks rose on Tuesday,
led by gains in Caterpillar Inc. , as
stronger-than-expected housing data eased concerns about an
economic slowdown.
Reuters - The pace of U.S. housing
construction rose more than expected in May after three months
of declines, but permits for future projects fell, a government
report showed on Tuesday.
Reuters - World oil prices could triple if the
diplomatic standoff over Iran's nuclear program escalates into
a military conflict, Saudi Arabia's ambassador to the United
States said on Tuesday.
Reuters - Two major rating agencies cut General
Motors Corp.'s debt rating deeper into junk territory on
Tuesday after the automaker said it was offering banks
collateral to renew a credit facility.