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NEW YORK - Wall Street turned lower Tuesday as investors were pleased with the government's plans to spend $250 billion to buy stock in private banks but still collected profits from the previous day's massive advance. The Dow Jones industrial average fell about 200 points a day after its record 936-point jump.

WASHINGTON - The government put itself four-square into the country's banking business Tuesday, resorting to what President Bush conceded was the unwelcome choice of buying into the system to loosen paralyzed channels of credit.

ATLANTA - The children of Coretta Scott King and the Rev. Martin Luther King Jr. faced off in an Atlanta courtroom Tuesday in a dispute over their mother's personal papers that could derail a lucrative book deal.

NEW YORK (Reuters) - Stocks slid on Tuesday as fears the global economy may not avert recession slammed shares of technology and consumer companies, eclipsing a government rescue plan for banks.

NEW YORK (Reuters) - The United States ushered in a new era in banking on Tuesday with plans to take equity stakes worth up to $250 billion in financial institutions, an incursion into the private sector that U.S. officials called a regrettable last resort.

NEW YORK - Oil prices fluctuated Tuesday, holding near $81 a barrel as a joint U.S. and European plan to inject billions of dollars into the beleaguered banking system momentarily calmed panicky financial markets.

NEW YORK (Reuters) - Discover Financial Services Inc and card networks Visa Inc and MasterCard Inc have settled an antitrust lawsuit, sending shares of the fourth-biggest U.S. credit card company up over 14 percent.

NEW YORK - PepsiCo Inc. is cutting jobs and closing factories to give it some "breathing room" to navigate the volatility that has permeated all corners of the global economy.

NEW YORK (Reuters) - Wells Fargo & Co , which has agreed to buy Wachovia Corp , asked a federal court to void Citigroup Inc's earlier agreement to buy parts of the big North Carolina lender.

NEW YORK - Beef may not be what's for dinner at your favorite restaurant come 2009.

NEW YORK (Reuters) - Oil fell on Tuesday as concerns the global economy could slip into recession and drag down demand outweighed optimism over the bank bailout plans.

NEW YORK (Reuters) - Bank stocks soared on Tuesday after the government set plans to inject $250 billion into the battered sector, where exposure to toxic mortgages and other debt has pummeled investor confidence and share prices.

TRENTON, N.J. - Health care giant Johnson & Johnson on Tuesday posted a 30 percent jump in third-quarter profit and beat Wall Street expectations, mainly because the year-ago results were weighed down by a $745 million restructuring charge.

When I read a BusinessWeek.com Debate Room posting recently from a reader who said $250,000 per year is "rich" and that, even in New York City, that amount should buy you a house and leave you with an extra $5,000 per month, I laughed and then seethed.

DETROIT - United Auto Workers President Ron Gettelfinger said Tuesday he would oppose a merger between General Motors Corp. and Chrysler LLC because it would cost workers their jobs.

NEW YORK (Reuters) - Linens 'n Things, victim of a widespread credit crunch, will begin liquidating its remaining stores as early as Thursday after the bankrupt home goods retailer failed to find a buyer that will operate the company as a going concern.

Stupefying. Dizzying. Deeply unsettling. The panic that swept the global financial markets in the past five business days, Oct. 6-10, will go down in history -- either in its own right or possibly as a prelude to something worse.

HARTFORD, Conn. - Attorneys general from Connecticut, New Jersey and Delaware sent letters Friday to 11 companies that make baby bottles and baby formula containers, asking they no longer use the chemical bisphenol A in their manufacturing because they said it was potentially harmful to infants.

CHICAGO (Reuters) - Procter & Gamble Co's lineup of beauty and household products can succeed -- even in these volatile economic times, the world's largest consumer product told investors on Tuesday at its annual meeting.

FRANKFURT, Oct 14, 2008 (AFP) - German heavy truck maker Daimler said Tuesday it will eliminate 3,500 North American jobs owing to the worsening economic slowdown, a day after Japan's Nissan announced nearly 1,700 jobs were being axed.

NEW YORK - Morgan Stanley averted disaster with a $9 billion lifeline from a major Japanese bank, and on Monday declared it will use that money to pick off smaller rivals.