Iceland’s president on Tuesday blocked a bill to pay Britain and the Netherlands $5.7 billion for losses from the collapse of one of its banks, potentially undermining the crippled nation’s attempts to repair international relations.

The dollar was little changed versus major currencies on Tuesday after reports showed that pending home sales fell in November and U.S. factory orders rose.

NEW YORK—-Fitch Ratings assigns an ‘AA-’ rating to the following series of bonds issued by the Regents of New Mexico State University :

CHICAGO—-Zacks Equity Research highlights RadioShack as the Bull of the Day and Aetna Inc. the Bear of the Day. In addition, Zacks Equity Research provides analysis on Citigroup , Fannie Mae and Freddie Mac .

CHICAGO—-Zacks.com releases the latest Industry Outlook. Today, Zacks Equity Research discusses the Restaurant Industry, including BJ’s Restaurants Inc. , Darden Restaurants Inc. , Buffalo Wild Wings Inc. , McDonald’s Corporation and Chipotle Mexican Grill Inc. .

Pending sales of previously owned U.S. homes fell more sharply than expected in November, but a surge in new factory orders offered assurance the economic recovery remained on track.

Arizona House Republicans on Tuesday proposed a sweeping package of tax cuts aimed at helping businesses, with Speaker Kirk Adams saying the incentives are needed to spur economic development and add high-paying jobs in the state.

Big automakers are glad to see the end of 2009, the worst year for U.S. sales in nearly 30 years. Detroit’s three automakers and the top Japanese manufacturers — Honda Motor Co. Nissan Motor Co., and Toyota Motor Corp. — all saw sharp declines last year, but saw momentum going into 2010.

The auto industry ended its worst year in memory with one of its best sales months of the year.

New York state retirees, your check is in the mail. Really. The state may be short on cash, but it assured former employees looking for late pension checks that they will get them.