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AFP - Stock markets in Europe and the United States fell hard Tuesday, following earlier losses in Asia, on news of a surprising erosion in US consumer confidence that sparked fears for global recovery.

AP - Americans, worried about jobs and the sluggish economic recovery, are losing confidence, causing a widely watched index to tumble in June and raising concerns about consumer spending in the critical months ahead.

AFP - The London stock market dived by more than 3.0 percent on Tuesday, mirroring steep losses elsewhere on the back of weak US data and mounting global economic jitters, dealers said.

Reuters - Wal-Mart Stores Inc on Tuesday named Bill Simon to run its U.S. discount stores, which have struggled with sluggish sales as their core customer continues to be pressured by high unemployment.

AP - Oil prices plummeted Tuesday as ebbing consumer confidence in the economic recovery set off concerns about gasoline demand for the busy summer season.

AFP - US consumer confidence tumbled in June after three straight monthly rises amid increasing US economic uncertainty and unemployment concerns, according to a closely-watched survey released Tuesday.

AP - Bill Warner is hardly a naive man. He ran his own engineering firm for three decades, and sold the assets just before the economy tanked. He built his dream home on a majestic hill abutting a national park, back when the housing market was steady. While some neighbors have since been foreclosed upon, Warner is resurfacing his flagstone deck.

AP - The U.S. trade deficit is expected to widen slightly in April as a rebound in exports of aircraft will be offset by higher oil imports. Economists are concerned that all the turmoil in Europe will cut into U.S. exports in coming months, weakening economic growth in the United States.