DAI: Stocks fall late on banks and metal stocks

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Good evening Pan, TUE 09 Nov 2010    Stocks fall late on banks and metal stocks Banks' mortgage practices reap more lawsuits Chevron bets on shale gas with $3.2 billion Atlas buy EU fines airlines €800 million for cargo cartel GE Healthcare eyes long-term 10 percent profit growth U.S. growth outlook broadly unchanged: Reuters poll Wholesale inventory surge implies weakness ahead Sprint says Clearwire crunch doesn't mean no funds GM Financial's quarterly profit doubles Buyers win 2 percent payment delay on A400M: sources Rolls-Royce looks at engine issues Iraq vies to be holiday hotspot UK wants to double trade with China Stocks fall late on banks and metal stocks November 09, 2010 04:10 PM ET NEW YORK (Reuters) - Wall Street fell for a second day on Tuesday as selling accelerated into the close, led by sharp losses in bank and metal stocks. Full Article Banks' mortgage practices reap more lawsuits November 09, 2010 03:56 PM ET NEW YORK/WILMINGTON, Delaware (Reuters) - Lawsuits against banks over their mortgage lending and foreclosure practices continue to pile up, with JPMorgan, PNC Financial Services and Ally Financial disclosing suits on Tuesday. Full Article Chevron bets on shale gas with $3.2 billion Atlas buy November 09, 2010 03:18 PM ET NEW YORK (Reuters) - Chevron Corp will buy U.S. natural gas producer Atlas Energy for $3.2 billion, becoming one of the last big oil companies to jump into the Marcellus shale field. Full Article EU fines airlines €800 million for cargo cartel November 09, 2010 03:22 PM ET BRUSSELS (Reuters) - Air France-KLM , British Airways and nine other airlines were fined a total of 799 million euros ($1.11 billion) by EU regulators on Tuesday in a price-fixing case that could open the way for private claims against the companies. Full Article GE Healthcare eyes long-term 10 percent profit growth November 09, 2010 03:45 PM ET BOSTON (Reuters) - General Electric Co's healthcare arm can grow operating profit at 10 percent per year over the long term, its top executive said. Full Article U.S. growth outlook broadly unchanged: Reuters poll November 09, 2010 01:28 PM ET NEW YORK (Reuters) - The U.S. economy is expected to grow only modestly through next year, despite the Federal Reserve's pledge to buy another $600 billion of government bonds and better signs in the job market, a Reuters poll showed. Full Article Wholesale inventory surge implies weakness ahead November 09, 2010 02:02 PM ET WASHINGTON (Reuters) - U.S. wholesale inventories jumped more than expected in September, suggesting output will remain soft through year-end as businesses try to trim stocks. Full Article Sprint says Clearwire crunch doesn't mean no funds November 09, 2010 02:29 PM ET SAN FRANCISCO/NEW YORK (Reuters) - Clearwire Corp's recent "going concern" notice does not mean that Sprint Nextel Corp and its other partners would not continue to fund the company, the head of Sprint said on Tuesday. Full Article GM Financial's quarterly profit doubles November 09, 2010 12:18 PM ET BANGALORE (Reuters) - Auto lender General Motors Financial Company reported a quarterly profit that nearly doubled from last year, helped by a 23 percent drop in expenses. Full Article Buyers win 2 percent payment delay on A400M: sources November 09, 2010 02:57 PM ET PARIS (Reuters) - Buyers of the A400M will be able to hold back two percent of the troop plane's purchase price under a $500-million concession from planemaker Airbus in a 7-nation funding deal last week, sources familiar with the matter said. Full Article

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