Summary: Investors sell stocks after recent record without data, earnings to guide; Tesla direct sales blocked in New Jersey; Senate group outlines plans to wind down Fannie Mae, Freddie Mac. Conway G. Gittens reports.
X-Factor judge Louis Walsh says Cheryl Cole saga is not a publicity stunt
Louis Walsh says that Simon Cowell put his neck on the block to give Cheryl Cole a chance in the US and the ongoing saga over her sacking is not a publicity stunt. Louis was speaking as he left his hotel in Glasgow for the X-Factor auditions in Scotland with new judges Kelly Rowland and Tulisa Contostavlos.