DAI: Cisco's rout dents Wall St but upside trend rules

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Good evening Pan, THU 11 Nov 2010    Cisco's rout dents Wall St but upside trend rules Cisco shares plummet, sink broader market UK to tape trader cellphones to fight market abuse Bank of America urges dismissing robo-signing suit Viacom to sell Rock Band Kuwait transfers 8 Boeing 787 orders to Saudi Arabia Nader, allies seek suspension of GM IPO Ireland says surge in borrowing costs "very serious" G20 grapples with formula to ease currency strains Barnes & Noble tests toy boutiques to boost sales Personal finance: Long-term care Retail holiday hiring on the rise Ralph Lauren goes '4D' Cisco's rout dents Wall St but upside trend rules November 11, 2010 04:31 PM ET NEW YORK (Reuters) - Cisco's discouraging outlook dragged Wall Street lower on Thursday, but the market fought back in a sign the bullish trend remains intact. Full Article Cisco shares plummet, sink broader market November 11, 2010 01:34 PM ET BANGALORE (Reuters) - Tech bellwether Cisco Systems lost 17.3 percent of its market value in frenzied trading on Thursday, a day after a gloomy revenue outlook left investors jittery, and some brokerages downgraded the stock. Full Article UK to tape trader cellphones to fight market abuse November 11, 2010 12:58 PM ET LONDON (Reuters) - Investment bankers and traders in Britain will have their company mobile phone calls taped and stored for six months in an attempt by the regulator to crack down on insider trading. The Financial Services Authority (FSA), which wants to impose the rules from November 14 2011, urged financial companies to take "reasonable steps" to ensure staff did not sidestep the rules by having "relevant conversations" on private devices. Full Article Bank of America urges dismissing robo-signing suit November 11, 2010 03:14 PM ET NEW YORK (Reuters) - Bank of America Corp has urged a federal judge to throw out a racketeering lawsuit over its alleged use of "robo-signers" in foreclosures. Full Article Viacom to sell Rock Band November 11, 2010 12:32 PM ET NEW YORK (Reuters) - Viacom plans to rid itself of Harmonix, the video game developer behind the Rock Band franchise, ending a failed foray into the gaming business. Full Article Kuwait transfers 8 Boeing 787 orders to Saudi Arabia November 11, 2010 04:10 PM ET CHICAGO (Reuters) - Boeing Co said on Thursday it lost eight orders for 787 Dreamliners in the week that ended November 9 but gained eight after the transfer of orders from one customer to another, leaving the order book for 787s basically unchanged. Full Article Nader, allies seek suspension of GM IPO November 11, 2010 02:45 PM ET WASHINGTON (Reuters) - The U.S. Treasury should make General Motors Co suspend its planned initial public offering to ensure a better return for taxpayers on the government's stake in the company, safety and consumer advocates said on Thursday. Full Article Ireland says surge in borrowing costs "very serious" November 11, 2010 02:13 PM ET DUBLIN (Reuters) - Ireland warned on Thursday that a surge in its borrowing costs to record highs had become "very serious" and the EU said it was ready to act should the humbled former "Celtic Tiger" require a rescue from its euro partners. Full Article G20 grapples with formula to ease currency strains November 11, 2010 01:17 PM ET SEOUL (Reuters) - The Group of 20 labored to agree how to put the world economy on a sounder footing on Thursday as fears about Ireland's ability to pay its debts underscored lingering fallout from the global financial crisis. Full Article Barnes & Noble tests toy boutiques to boost sales November 11, 2010 11:16 AM ET NEW YORK (Reuters) - Barnes & Noble Inc has begun testing large "store-in-store" toy boutiques at a handful of its locations, looking to make use of shelf space freed up by declining book sales. Full Article

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