Quick Overview

• (Reuters) Fitch says if U.S. debt ceiling not raised by August 2 then will put U.S. on rating watch negative.

• (MarketWatch) -- SABMiller PLC said Tuesday that its proposal to buy Foster's Group Ltd. at 4.90 Australian dollars a share ($5.19) is attractive to Foster's Group shareholders. SABMiller said the price represents a significant premium of 14.5% to the price of Foster's of A$4.28 as of 2 June.

• (MarketWatch) -- Shares of Wal-Mart rose Monday following its court victory in a sex-discrimination case. Wal-Mart added about 1% after the U.S. Supreme Court ruled that a massive sex-discrimination class-action lawsuit against the retailer cannot move forward in its current form.

• (FT)Three-quarters of the new inflow from China was invested abroad in non-US dollar assets, bank report reveals.

• Tepco rating slashed to Junk by Moody’s