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Stocks are slipping on Wall Street following a seven-day rally. The Dow has been wavering, falling into negative territory in afternoon trading. The S&P 500 and the Nasdaq also are lower.
- House Republicans have unveiled their latest budget outline. It sticks by plans to repeal the president's health care overhaul and to cut domestic programs ranging from Medicaid to college grants. But, the White House says the GOP's math doesn't add up and the result will be either a tax hike on the middle class or failure to reduce to the deficit.
- China says it is firmly opposed to cyberattacks and willing to cooperate with the United States to stop them. The Foreign Ministry says China is one of the countries that has suffered most at the hands of hackers. The U.S. has been calling on Beijing to take "serious steps" to stop cyberattacks, after a U.S.-based cybersecurity firm accused China's military of being behind attacks on more than 140 companies.
- Google will pay a $7 million fine to settle a multistate investigation into its interception of emails, passwords and other sensitive information. The inquiry began in 2010 after Google revealed that company cars taking street-level photos for its online mapping service also had been grabbing personal data transmitted over unprotected Wi-Fi networks. It's the largest penalty that Google has paid in the U.S. for the snooping, but the company isn't acknowledging any wrongdoing in the settlement.
- New York Mayor Michael Bloomberg says a judge's decision to strike down the city's groundbreaking ban on big sugary drinks is merely a "temporary setback." Bloomberg made his remarks while visiting a Manhattan diner that is voluntarily complying with the policy. It's ditching 20-ounce bottles of soda and reserving 24-ounce to-go cups for iced coffee. The judge said the rule was arbitrary and outside city health regulators' purview.
