Former Detroit mayor arraigned on federal charges (AP)

AP - Former Detroit Mayor Kwame Kilpatrick pleaded poverty Tuesday and was granted a lawyer at public expense to defend him against charges that he spent hundreds of thousands of dollars collected for a charity on himself and his family.

Job openings drop in May as hiring stays weak (AP)

AP - Job openings dropped in May from the previous month and layoffs edged up, fresh evidence that employers are reluctant to add workers.

Asia stocks slump on earnings anxiety (AFP)

AFP - Asian shares sank on Tuesday as optimism about US corporate earnings tapered off and China denied it was easing restrictions aimed at curbing its red-hot property market.

Merck hit with $8 million verdict in Fosamax trial (AP)

AP - Drugmaker Merck & Co. said it will challenge its first loss in a trial blaming its osteoporosis drug for destroying a patient's jawbone after a federal jury on Friday awarded $8 million to the Florida woman.

Democrats mulling stand-alone jobless aid (AP)

AP - The demise of Democrats' jobs-agenda legislation means that unemployment benefits will phase out for more than 200,000 people a week. Governors who had counted on fresh federal aid will now have to consider more budget cuts, tax increases and layoffs of state workers.

China takes hands-off approach to labor strikes (AP)

AP - When workers at a Honda transmission plant in China went on strike for higher wages last month, they touched off a domino effect of high-profile labor disputes.

Porn sites closer to .xxx Web address (AP)

AP - It may soon be easier to block Internet porn: The agency that controls domain names said Friday it will consider adding .xxx to the list of suffixes people and companies can pick when establishing their identities online.

Federal regs set to restrain Wall Street risk (AP)

AP - The toughest financial regulations since the Great Depression are headed for final votes in Congress next week, covering everything from debit card swipes at Starbucks to the most complex securities, in an election-year salve for public anger over the Wall Street risk-taking that cost millions their jobs, homes and nest eggs.

BP says relief well is on target as stock tumbles (AP)

AP - BP's effort to drill a relief well through 2 1/2 miles of rock to stop the Gulf spill is on target for completion by mid-August, the oil giant said Friday. But BP's stock tumbled anyway over the mounting costs of the disaster and the company's inability to plug the leak sooner.

Leaders differ on how to nurture a global recovery (AP)

AP - President Barack Obama carried a fresh congressional victory on tighter U.S. financial rules Friday to a summit of world leaders debating how to keep the world economy growing. There was little expectation of major breakthroughs from sessions here and in Toronto.

How financial overhaul affects your everyday life (AP)

AP - The financial overhaul is about more than exotic derivatives and complex risk assessments. It will change how you interact with the financial system every day, from swiping your debit card at the store to applying for a mortgage.