DAI: Stocks tumble as Europe debt and China weigh

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Good evening Pan, TUE 16 Nov 2010    Stocks tumble as Europe debt and China weigh Wal-Mart sees fortunes turning on holiday sales Wholesale prices fall as output flat GM boosts IPO pricing, offers more preferred shares Wall Street profit may hit $19 billion in 2010 UPS plans to hire 50,000 seasonal workers Irish rebuff bailout call in euro zone crisis Microsoft's Gates, Ballmer defend stock sales Panel sounds foreclosure warning, industry downplays Top Democrat signals deal on Bush-era tax cuts Ireland resists bailout calls Property boom pricing out Israelis China's new jet gets 100 orders Stocks tumble as Europe debt and China weigh November 16, 2010 04:13 PM ET NEW YORK (Reuters) - Stocks tumbled on Tuesday on the prospect of more European bailouts and worries China will take further steps to curb inflationary pressures. Full Article Wal-Mart sees fortunes turning on holiday sales November 16, 2010 04:18 PM ET NEW YORK (Reuters) - Wal-Mart Stores Inc expects a return to broad discounts and wider product selection to finally reverse its U.S. fortunes this holiday shopping season after six straight quarters of falling sales. Full Article Wholesale prices fall as output flat November 16, 2010 04:28 PM ET WASHINGTON (Reuters) - Core U.S. producer prices recorded their largest fall in more than four years in October and industrial output was flat, underlining concerns at the Federal Reserve about low inflation amid moderate growth. Full Article GM boosts IPO pricing, offers more preferred shares November 16, 2010 02:18 PM ET NEW YORK/DETROIT (Reuters) - General Motors has increased the preferred stock on offer by a third and raised the price for common stock in its landmark IPO, bringing the U.S. government closer to break-even on its controversial bailout. Full Article Wall Street profit may hit $19 billion in 2010 November 16, 2010 02:31 PM ET NEW YORK (Reuters) - Wall Street may earn $19 billion in 2010, its fourth-most profitable year, even as regulatory changes and a weakened economy limits its ability to generate profit, New York State Comptroller Thomas DiNapoli said. Full Article UPS plans to hire 50,000 seasonal workers November 16, 2010 04:08 PM ET NEW YORK (Reuters) - United Parcel Service expects a 7.5 percent rise in U.S. holiday shopping season deliveries and plans to hire about 50,000 seasonal workers to handle the increased volume. Full Article Irish rebuff bailout call in euro zone crisis November 16, 2010 04:31 PM ET BRUSSELS (Reuters) - Ireland said it was discussing stabilization measures with its European partners on Tuesday and ways to cut its heavily indebted banks' funding costs in what a top EU official called a "survival crisis" for the euro zone. Full Article Microsoft's Gates, Ballmer defend stock sales November 16, 2010 01:59 PM ET SEATTLE (Reuters) - Microsoft Corp Chairman Bill Gates and Chief Executive Steve Ballmer defended recent stock sales on Tuesday as they faced tough questions from shareholders frustrated by the lack of growth in the company's shares over the past decade. Full Article Panel sounds foreclosure warning, industry downplays November 16, 2010 12:30 PM ET WASHINGTON (Reuters) - Widespread problems in how U.S. lenders documented foreclosures could spark a wave of legal challenges resulting in massive losses to banks and serious new troubles for the housing market, a federal watchdog warned on Tuesday. Full Article Top Democrat signals deal on Bush-era tax cuts November 16, 2010 04:21 PM ET WASHINGTON (Reuters) - The top Democrat in the Senate said on Tuesday he was willing to consider a temporary tax cut extension for all income levels, a step that could pave the way for a possible deal with Republicans on Bush-era tax cuts. Full Article

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