DAI: Banks and strong dollar pull stocks lower

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Good evening Pan, MON 08 Nov 2010    Banks and strong dollar pull stocks lower Fed divided on bond buying risks/benefits Wall Street pleas for patience on recovery Chrysler boosts 2010 outlook, vows to "fight harder" SAP grills Oracle as Apotheker absent from trial Obama returns fire after China slams Fed's move World Bank chief surprises with gold proposal Goldman, Natixis to clash in court over credit deal Rolls says progress made in Qantas A380 engine probe Palin tells Bernanke "cease and desist": report Vogue and Wired UK test iPad market The Queen joins Facebook: no poking! Obama defends Fed strategy Banks and strong dollar pull stocks lower November 08, 2010 04:07 PM ET NEW YORK (Reuters) - Wall Street retreated from a two-year high on Monday, weighed down by financial stocks and a stronger U.S. dollar. Full Article Fed divided on bond buying risks/benefits November 08, 2010 03:39 PM ET NEW YORK (Reuters) - Top officials at the Federal Reserve on Monday sounded differing notes on the central bank's bond-buying program, with one arguing it was an effective way to fight deflation risks and another warning it might need to be curbed. Full Article Wall Street pleas for patience on recovery November 08, 2010 04:34 PM ET NEW YORK (Reuters) - The captains of Wall Street on Monday begged regulators to cushion the blow from a sweeping regulatory reform bill that is expected to squeeze profits from some of their most lucrative franchises. Full Article Chrysler boosts 2010 outlook, vows to "fight harder" November 08, 2010 02:06 PM ET DETROIT (Reuters) - Chrysler Group LLC forecast an operating profit this year, thanks to cost cuts, but Chief Executive Sergio Marchionne said the automaker had to "fight harder" to revive its image and seize market share. Full Article SAP grills Oracle as Apotheker absent from trial November 08, 2010 04:12 PM ET OAKLAND, California (Reuters) - Oracle Corp CEO Larry Ellison testified that SAP's theft of its software cost his company $4 billion, doubling his previous estimate, but failed to bring strong supporting written evidence. Full Article Obama returns fire after China slams Fed's move November 08, 2010 04:25 PM ET NEW DELHI (Reuters) - President Barack Obama defended the Federal Reserve's policy of printing dollars on Monday after China and Russia stepped up criticism ahead of this week's Group of 20 meeting. Full Article World Bank chief surprises with gold proposal November 08, 2010 02:54 PM ET LONDON/WASHINGTON (Reuters) - The world's largest economies should consider gold as an indicator to help set foreign exchange rates, the head of the World Bank said on Monday in a proposal that threw open the acrimonious currency debate days before a summit of G20 nations. Full Article Goldman, Natixis to clash in court over credit deal November 08, 2010 01:26 PM ET LONDON/PARIS (Reuters) - French investment bank Natixis is due to clash with Wall Street heavyweight Goldman Sachs in a British court on Tuesday over a credit derivatives deal which Natixis wants scrapped. Full Article Rolls says progress made in Qantas A380 engine probe November 08, 2010 01:35 PM ET LONDON/SYDNEY (Reuters) - Rolls-Royce Group Plc moved to contain a crisis of confidence in the safety of its engines on Monday, saying progress was being made in finding out what caused last week's blowout on a Qantas Airbus A380 flight. Full Article Palin tells Bernanke "cease and desist": report November 08, 2010 04:13 PM ET WASHINGTON (Reuters) - Tea Party favorite Sarah Palin on Monday weighed in on the global debate over the Federal Reserve's $600 billion plan to buy up government debt, suggesting Fed Chairman Ben Bernanke should "cease and desist." Full Article

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