The markets closed lower with the Dow plummeting 107 points to 10,340 after revelations that European banks may be holding more risky debt than originally disclosed.

The Rosen Law Firm initiated an investigation into China-Biotics Inc. (Nasdaq: CHBT) for possible federal securities law violations sending the stock price tumbling $1.40 to close at $10.65....

Casey's General Stores Inc. (Nasdaq: CASY) rejected Alimentation Couche-Tard's $38.50 per share acquistion offer to pursue a $40 per share cash offer from an unnamed suitor. The stock price soared $3.86 to close at $42.76....

GT Solar International Inc. (Nasdaq: SOLR) stockholder GT Solar Holdings will sell 10 million of its common shares sending the stock price down $1.02 to close at $7.76....

Renewed concerns about risky European bank debt sent the markets down during the midday with the Dow falling 80 points to 10,368.

MELBOURNE (Reuters) - Foster's Group Ltd , Australia's largest brewer, said it rejected a private equity offer worth up to $2.5 billion for its wine unit as too cheap and would continue with the split of its beer and wine businesses.

WASHINGTON (Reuters) - Republicans in Congress showed little willingness to help President Barack Obama approve billions of dollars in measures to boost the economy with midterm elections less than two months away.

HOUSTON (Reuters) - BP Plc's internal probe of the deadly April 20 blowout that unleashed the massive Gulf of Mexico oil spill will assign blame to BP as well as other companies involved in the well's operations, The Wall Street Journal reported on Tuesday.

SAN FRANCISCO (Reuters) - Hewlett-Packard Co sued former Chief Executive Mark Hurd and asked a court to block him from joining Oracle Corp, saying his hiring by the rival technology firm puts HP's trade secrets "in peril."

TORONTO/SINGAPORE (Reuters) - China's state-owned Sinochem Corp has invited Temasek, the Singapore sovereign wealth fund, to join a consortium that may bid for Canada's Potash Corp , the world's largest fertilizer supplier, sources with knowledge of the matter said on Tuesday.

WASHINGTON (Reuters) - U.S. religious leaders on Tuesday condemned an "anti-Muslim frenzy" in the United States, including plans by a Florida church to burn a Koran on September 11, an act a top general said could endanger American troops abroad.

BIRMINGHAM, Alabama (Reuters) - An Alabama judge said on Tuesday he would appoint a receiver to oversee the sewer system revenues of debt-ridden Jefferson County, in a setback for county authorities.

WASHINGTON (Reuters) - A U.S. judge refused on Tuesday to lift a ban on federal funding of human embryonic stem cell research despite Obama administration warnings it would set back key research and cost more than a thousand jobs.

FORT COLLINS, Colo. (Reuters) - Court proceedings for a Colorado couple accused of abusing three girls adopted from Russia were postponed on Tuesday after a defense lawyer told a judge that plea negotiations were under way.

NEW YORK (Reuters) - The governor of Connecticut on Tuesday unveiled a plan to reduce the state's $34 billion in unfunded pension and health care liabilities, including capping individual pensions at $100,000 per year.

WASHINGTON (Reuters) - U.S. religious leaders on Tuesday condemned an "anti-Muslim frenzy" in the United States, including plans by a Florida church to burn a Koran on September 11, an act a top general said could endanger American troops abroad.

WASHINGTON (Reuters) - The United States does not plan to contribute to a NATO request for 2,000 troops for the Afghan war, the Pentagon said on Tuesday, even as the head of the alliance held out the possibility of U.S. participation.

CADEREYTA, Mexico (Reuters) - An explosion ripped through a major Mexican refinery on Tuesday, killing one worker and pushing gasoline and diesel prices higher on worries state oil monopoly Pemex will have to import more fuel.

UNITED NATIONS (Reuters) - The death toll from weekend clashes at a refugee camp in Sudan's violence-torn Darfur region has risen to nine, the United Nations said on Tuesday.

WASHINGTON (Reuters) - A U.S. government team will travel to Seoul, Tokyo and Beijing next week to discuss North Korea but has no plans to visit the poor, isolated state or meet its officials, the State Department said Tuesday.