U.S. Stocks Open Lower on China Worries; Yahoo! Shuts Streaming Site

U.S. stocks opened slightly lower on Tuesday, following Monday's selloff which was triggered by China's economic woes. After falling nearly 7 percent on Monday, China's biggest stocks wrapped up Tuesday's session to the downside by a quarter percent. Chinese officials injected about $20 billion dollars into financial markets to prop things up. 'The government has done their part,’ said Anthony Chan, chief economist at JPMorgan Chase, based in New York. ‘They've increased fiscal policy. They've loosened monetary policy and you have to give those things a chance to work.' Meanwhile, Yahoo! (YHOO) said it will shut down video streaming site Yahoo! Screen, which aired the sixth season of the NBC show 'Community,' among other programming. Also, another blow for Volkswagen (VOW3): the U.S. Department of Justice filed a civil suit, alleging the automaker added devices to some 600,000 diesel cars that sidestep emission tests. TheStreet’s Scott Gamm reports from New York.