[Updated at 9:18 p.m. ET] The Cumberland River in Tennessee was receding Tuesday as favorable weather was in the forecast, bringing some relief to the flood-battered state.
Severe weather over the weekend was blamed for at least 28 deaths across the Southeast - 19 of those in Tennessee - between Saturday and Monday, emergency officials said. Ten of the Tennessee deaths occurred in Nashville and surrounding Davidson County, the Nashville mayor's office said.
[Updated at 9:15 p.m. ET] The U.S. Attorney's Office for the Southern District of New York said Shahzad would not appear in court until at least Thursday as he continued to be questioned.
[Updated at 8:36 p.m. ET] Fireworks used in the attempted car bombing of New York's Times Square were purchased from a store in Pike County in northeastern Pennsylvania, a federal law enforcement source told CNN Tuesday.
The source says the M-88 fireworks Faisal Shahzad is accused of placing in a Nissan Pathfinder were bought at a Phantom Fireworks store in Matamoras.
[Updated at 8:32 p.m. ET] Authorities conducting surveillance of the Times Square car bombing suspect lost him late in the day Monday before he arrived at New York's John F. Kennedy International Airport, where he was ultimately arrested, a senior counterterrorism official said Tuesday.
However, an FBI official responded that surveillance operations are designed with redundancies in place, and that agents had to avoid tipping off suspect Faisal Shahzad that he was being followed. Shahzad was arrested shortly before midnight Monday at JFK airport after he boarded Emirates Flight 202 to Dubai, United Arab Emirates.
He had been put on a no-fly list earlier Monday, but at the time of this ticket purchase, the airline had not refreshed its information so his name did not raise any red flags.
But U.S. Customs and Border Protection, which reviews all flight manifests, caught his name when the airline sent the agency its passenger list, according to the counterterrorism official.
– CNN's Frances Townsend
A Pablo Picasso painting fetched $106.5 million at auction Tuesday, a record for any single work of art, Christie's New York announced.
The bidding for the painting – “Nude, Green Leaves and Bust” – lasted nine minutes. Eight clients competed for the painting and it was eventually sold to an unidentified telephone bidder, Christie’s said.
The previous record was an Alberto Giacometti sculpture that sold for $104.3 in February. It, too, was bought by an anonymous bidder. The auction occurred at Sotheby’s in London.
[Updated at 9:13 p.m.] The State Department refused Tuesday to provide details of what countries had offered assistance with the oil spill off the Louisiana coast.State Department spokesman P.J. Crowley said 12 countries and international organizations had offered assistance but would not provide details.
"One more time. Do we know who the 12 are? We do," Crowley said at his afternoon briefing. "Are we going to announce them publicly? We're not."
– From CNN's Charles Keyes
[Updated at 8:46 p.m.] A federal official in charge of monitoring the environmental impact of the massive oil spill in the Gulf of Mexico said Tuesday his agency is closely monitoring what he described as BP's "unique idea" to break up the spill with dispersant chemicals, deep underwater, reports CNN's Caleb Hellerman.
In addition to traditional methods of using dispersants on the surface, BP, has attempted to inject the chemicals near the source of the leak, where oil has been gushing out of the seabed and into the Gulf since at least April 22, when the Deepwater Horizon sank two days after an explosion and fire.
[Updated at 3:03 p.m.] The edges of the massive Gulf Coast oil slick grazed Louisiana's Chandeleur Islands as authorities took steps to protect waterways closer to New Orleans, the state's governor said Tuesday. Read the full CNN.com story
Stocks pummeled on debt worries: Stocks tumbled Tuesday on worries that the global recovery could suffer if Europe's efforts to contain Greece's debt problems don't succeed, and if China's efforts to slow its booming economy go too far.
Charges filed against Times Square suspect: A suspect in the failed Times Square car bombing told law enforcement officials that he recently received bomb-making training in Pakistan, court documents filed Tuesday show.
Cops: Lacrosse player killed after breakup: A University of Virginia lacrosse player charged with killing a member of the women's lacrosse team told investigators he had a violent fight with her, according to a search warrant affidavit released Tuesday.
Why Amish businesses don’t fail: Want to find America's most successful entrepreneurs? Skip Silicon Valley and Manhattan; head to the rural Amish enclaves.
The next ‘hot’ careers: I'm a sophomore in college, majoring in business. Even though I still have two more years of school ahead of me, I'm trying to figure out what kinds of jobs are likely to be available when I graduate. For one thing, having a handle on that would help me choose a minor. I'll also be graduating with loans to pay off, so I'll need to start working right away.
I was interested in your column about green jobs because it mentioned some creative ways to find opportunities. Do you have any suggestions about identifying other areas (aside from green jobs), where companies might be hiring a few years from now? – Early Bird
The past two years of recession have been "difficult," but "the storm is receding," President Obama said in a speech to business leaders Tuesday.
At the annual meeting of the Business Council, a group of of 150 executives from private businesses, Obama said the recession is "not just an economic problem - it's a human tragedy."
A look at highlights from the day's business news:
Stocks pummeled on debt worries
Stocks slumped Tuesday on worries that the global recovery could suffer if Europe's efforts to contain Greece's debt problems don't succeed and if China's efforts to slow its booming economy go too far.
Bond prices rallied, lowering the corresponding yields, as investors sought the comparative safety of government debt. The euro fell to a new yearly low versus the dollar, pummeling dollar-traded energy prices and stocks.
The Dow Jones industrial average slumped 235 points, after having fallen as much as 282 points earlier. The decline was equivalent to 2.1 percent. The S&P 500 index lost 29 points, or 2.4 percent. The Nasdaq composite fell 76 points, or 3 percent.
A scathing report released Tuesday by the Food and Drug Administration slammed conditions at the factory that produced the children's Tylenol, Motrin, Benadryl and other over-the-counter drugs that were recalled over the weekend.
The 17-page FDA inspection report conducted in late April detailed quality and security lapses at the Fort Washington, PA-based facility, which is owned by Johnson & Johnson's McNeil PPC drug manufacturing division. The agency said it is considering a wide range of actions including possible criminal penalties.
Robert Joel Halderman knew the jail time a New York judge would give him Tuesday when he was sentenced for trying to blackmail comedian David Letterman about the "Late Show" host's sexual affairs.
A University of Virginia lacrosse player charged with killing a member of the women's lacrosse team told investigators he had a violent fight with her, according to a search warrant affidavit released Tuesday.
George Huguely, 22, was arrested hours after a roommate found Yeardly Love's body Monday morning in her off-campus apartment in Charlottesville, Virginia.
CNN’s Wolf Blitzer on Tuesday evening spoke to CNN legal Analyst Jeffrey Toobin about Faisal Shahzad, the suspect in the Times Square bomb plot and his Miranda rights.
Below is a transcript of the conversation. It has been edited for clarity and length.
CNN’s Wolf Blitzer: Explain to our viewers about the Miranda rights. He was cooperating, he was answering questions. Then they read him his Miranda rights and now he's still cooperating, Jeffrey. It sounds a little strange - but explain the legal process under way.
Jeffrey Toobin: The Miranda rule says nothing you say can be used against you in court unless you first have been read your Miranda rights.
That doesn't mean that the police can't use the information, that they can't follow leads, that they can't go get search warrants, that they can't use the information that they give you before you get your Miranda warnings.
It just means that if you go to trial, information cannot be used against you.
Now, once he did receive his Miranda rights and the statements that he made afterwards, those certainly would be used against him if he goes to trial.
Amateur video posted on YouTube showed a police outpost in flames in the Jordanian capital Amman.
And the clashes between protesters and riot police resulted in the death of one protester and the injury of several others, according to Jordanian media reports.
Public Security Directorate Spokesperson Mohammed Al-Khatib told Ammon News that the flare-up began when security forces with a warrant went to search a man’s home for drugs. According to al-Khatib, when the police entered the home, they were attacked by the occupants and a fight broke out resulting in the death of one man - Abdul Salam Mthari.
Unlike al Qaeda, the Pakistani Taliban organization has shown little appetite for taking its brand of jihadism beyond the borders of Pakistan and Afghanistan. Maybe that's changing.
Certainly that's the case if the messages from the organization's leader, Hakimullah Mehsud, are to be taken at face value. "From now on," he says in an audio message said to have been recorded in April, "the main targets of our fedayeen [fighters] are American cities. This good news will be heard within some days or weeks. Today onwards, the direction of our jihad is American states and cities. Inshallah we are successful in this mission and objective."
At the central plaza in Port-au-Prince, now home to thousands of displaced Haitians, water pelted rows of tents, seeping inside from every direction Monday night. At the Champs de Mars people tried to close shut entrances, some with thin cotton sheets or blankets. Mothers rushed to move children sleeping on the ground.
Suddenly, the constant noise of the street came to a halt, replaced by the thud of monstrous drops falling hard from the sky. The only welcomed sight: gleeful children cooling off after another scorching day.
The water quickly started collecting along the roadside. Aid workers say they fear that constant rain will overflow garbage- and rubble-filled canals, flooding the encampments that have sprouted on their banks.
The situation in some camps could be life threatening.
In Haiti, everyone knows the rainy season’s coming but there is little they can do to prepare. It comes every year in Haiti. The skies open up starting in May and the rains continue for several months. There is the added risk of hurricanes smacking into the nation that now lies devastated by the massive earthquake in January.
What will Kobe Bryant do for an encore? After scoring 11 points in the final minute to lead the Lakers past the Jazz in Game 1 of their Western Conference semifinal, Bryant and the NBA’s defending champions host Utah in Game 2 tonight at Staples Center (10:3 p.m., TNT).
The NBA and NHL playoffs top the sporting schedule, while baseball, soccer and tennis also on the docket. Here are some of the day highlights (all times Eastern).
Hawks at Magic (8 p.m., TNT). Will Dwight Howard and Co. be rusty? It’s been eight days since the Magic completed their sweep of the Bobcats, while the Hawks are coming off a series vs. the Bucks that lasted seven games. SI.com’s Britt Robson says the key to the series is how Atlanta’s frontcourt manages against Howard, the reigning defensive player of the year.
Editor's note: CNN's Senior Legal Analyst Jeffrey Toobin takes a look at what we can expect to see out of today's hearing in connection with the Times Square bomb plot.
Much of what will happen to Faisal Shahzad in federal district court today is predictable. One very important part is not.
Shahzad will probably be arraigned on a variety of charges, including use of an incendiary device and terrorism. He will be assigned a lawyer. He will not - obviously - be released on bail. The charges are likely to change and be expanded when the case is presented to a grand jury, but Shahzad will not be eligible for the death penalty because (fortunately) no one died as a result of his actions.
The big unanswered question is whether Shahzad will be charged with conspiracy.
The authorities clearly believe that he was a central figure in the plot to bomb Times Square, but what's unknown is if they believe that he acted alone. If he was not alone, the question then is whether his alleged co-conspirators are also in custody.
We'll know more about this critical question after Shahzad appears in court today.
The world’s oldest person, Kama Chinen, of Okinawa, Japan, died on Sunday just a week short of her 115th birthday, Guinness World Records reports.
Chinen was the world’s oldest living person for almost eight months following the September 11, 2009, death of American Gertrude Baines, according to a Guinness statement. It said it is researching who is now the world’s oldest living person.
The all-time record for longevity is France’s Jean Louise Calment, who died in August 1997 after living 122 years, 164 days, Guinness said.