DAI: Wall St ends down as Europe worries weigh

If you are having trouble viewing this email or would like to view it in your web browser, CLICK HERE

Good evening Postlinuxeg, MON 24 May 2010    Wall St ends down as Europe worries weigh Tax credit boosts home sales, but supply also up Wall Street critic Frank to shepherd final reform bill Regulators may never pinpoint cause of market crash Brussels calls Germany naive IBM to buy AT&T's Sterling Commerce for $1.4 billion Nokia and Yahoo forge maps, e-mail deal BA says reaches most destinations as strike starts Fed not likely to sell assets soon: annual report Texas Rangers file bankruptcy Business update: UK's 6 billion cuts Fears over China tech firm suicides UK slashes public spending Wall St ends down as Europe worries weigh May 24, 2010 04:09 PM ET NEW YORK (Reuters) - Stocks ended lower on Monday, with the Dow posting its lowest close since February 10, as fresh worries about Europe's banking system weighed on sentiment. Full Article Tax credit boosts home sales, but supply also up May 24, 2010 04:36 PM ET WASHINGTON (Reuters) - Sales of previously owned U.S. homes touched a five-month high in April amid a late rush to take advantage of a homebuyer tax credit, but a jump in houses on the market pointed to a slow recovery. Full Article Wall Street critic Frank to shepherd final reform bill May 24, 2010 03:04 PM ET WASHINGTON (Reuters) - Representative Barney Frank, a fierce critic of Wall Street and close ally of the Obama administration, will head a House-Senate committee to hammer out a final bill on financial regulation reform. Full Article Regulators may never pinpoint cause of market crash May 24, 2010 01:41 PM ET WASHINGTON (Reuters) - U.S. regulators may never know what caused the recent market crash and still have not found evidence trading errors or system malfunctions triggered the brief free fall, top futures markets regulators said on Monday. Full Article Brussels calls Germany naive May 24, 2010 04:18 PM ET BERLIN/MADRID (Reuters) - The European Commission's chief accused Germany on Monday of making naive proposals to combat the euro zone debt crisis, while financial markets took fright after Spain bailed out a small savings bank. Full Article IBM to buy AT&T's Sterling Commerce for $1.4 billion May 24, 2010 03:55 PM ET NEW YORK/BOSTON (Reuters) - IBM plans to buy Sterling Commerce from AT&T Inc for about $1.4 billion in cash to expand its portfolio of software for companies in financial services, manufacturing and retail. Full Article Nokia and Yahoo forge maps, e-mail deal May 24, 2010 01:19 PM ET HELSINKI/NEW YORK (Reuters) - Yahoo Inc and Nokia Oyj said they would team up to boost their mobile Internet offerings, seeking to regain market share lost to rivals like Apple Inc and Google Inc. Full Article BA says reaches most destinations as strike starts May 24, 2010 01:45 PM ET LONDON (Reuters) - British Airways flew to the majority of its destinations worldwide on Monday despite the start of a five-day strike by cabin crew, it said, adding no further negotiations with unions were imminent. Full Article Fed not likely to sell assets soon: annual report May 24, 2010 12:12 PM ET WASHINGTON (Reuters) - The U.S. Federal Reserve does not expect to sell any of the billions of dollars worth of assets it bought to boost the economy in 2009 until it has started raising interest rates in a strong recovery, it said in its 2009 annual report released on Monday. Full Article Texas Rangers file bankruptcy May 24, 2010 04:10 PM ET NEW YORK (Reuters) - The Texas Rangers baseball team filed for Chapter 11 bankruptcy protection on Monday to ease the sale of the team to a group led by team president and Hall of Fame pitcher Nolan Ryan for about $575 million. Full Article

REUTERS www.reuters.com Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book.Details Subscribe to other Reuters newsletters Unsubscribe from this newsletter. Send this mailing to a friend or colleague Reuters.com: Help and Contact Us | Advertise With Us | Mobile | Newsletters | RSS | Interactive TV | Labs | Reuters in Second Life | Archive | Site Index | Video Index Thomson Reuters Corporate: Copyright | Disclaimer | Privacy | Professional Products | Professional Products Support | About Thomson Reuters | Careers