STOCKS NEWS US-Markets fall on economic worries, GM

Stocks on the move [HOT-RTRS] Real-Time Equity news [E U]

U.S. stock market report [.N]
1201 ET 10Nov2008-Markets fall on economic worries, GM
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Major U.S. indexes turned lower on Monday, falling on economic fears and
the news that an analyst cut the price target on General Motors GM.N to $0.
[ID:nN10461110]

The Dow Jones industrial average .DJI fell 0.1 percent to 8934.57 while
the S&P 500 .SPX was off 0.6 percent to 925.36 and the Nasdaq .IXIC slid
0.9 percent to 1,632.80.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1127 ET 10Nov2008-Xenoport falls, to withdraw and resubmit NDA
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Shares of Xenoport Inc (XNPT.O: Quote, Profile, Research) slumped Monday after the company announced
plans with GlaxoSmithKline (GSK.N: Quote, Profile, Research) to withdraw and resubmit its New Drug
Application for its Solzira product, which is used to treat Restless Legs
Syndrome.

The company said the resubmission will result in a delay of $23 million in
milestone payments from Glaxo and Astellas Pharma Inc.

Shares of Xenoport fell 14 percent to $33.90 while GlaxoSmithKline shares
were off 0.5 percent to $37.91.

Reuters messaging: charles.mikolajczak@thomsreuters.com@reuters.net

1119 ET 10Nov2008-People's United Financial up, added to S&P 500
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Shares of People's United Financial (PBCT.O: Quote, Profile, Research) rose Monday after Standard &
Poor's said it would add the savings and loan company to the S&P 500 .SPX. It
is replacing Unisys Corp (UIS.N: Quote, Profile, Research) on the index. [ID:nBNG388668]

People's United shares gained 6.4 percent to $17.71. Unisys shares last
traded at $1.08.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1100 ET 10Nov2008-Markets cut gains, up on China's stimulus package
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Major U.S. indexes traded higher on Monday after China unveiled a $586
billion economic stimulus plan that could combat a global downturn and boost
markets for U.S. multinationals. Though positive, the markets were down from
early gains. [ID:nN10457389]

The Dow Jones Industrial Average .DJI rose 0.6 percent to 8,992.80 while
the S&P 500 .SPX was up 0.2 percent to 932.47 and the Nasdaq .IXIC was flat
at 1,636.93.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1051 ET 10Nov2008-Chemical cos up after Arch Chemical results
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Shares of chemical companies rose Monday after Arch Chemicals (ARJ.N: Quote, Profile, Research)
reported third-quarter results that beat expectations. [ID:nWNAB0947]

Arch Chemical shares surged 6.1 percent to $29.35. Among other chemical
companies, Sigma-Aldrich (SIAL.O: Quote, Profile, Research) gained 1.2 percent to $42.70, International
Flavor and Fragrance (IFF.N: Quote, Profile, Research) was up 2 percent to $30.15 and Lubrizol Corp
(LZ.N: Quote, Profile, Research) rose 0.8 percent to $36.99. Elsewhere, EcoLabs Inc (ECL.N: Quote, Profile, Research) slid 7.7
percent to $33.77.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1041 ET 10Nov2008-Las Vegas Sands down, in no talks with CapitaLand
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Shares of Las Vegas Sands (LVS.N: Quote, Profile, Research) fell Monday after CapitaLand said it
hadn't held any talks with the company over its Singapore casino-resort
project. The statement came after a brokerage firm said CapitaLand and the
Singapore government may take over the project if Las Vegas Sands fails to
avert loan defaults. [ID:nSIN148088]

The stock slid 3.1 percent to $6.81.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1033 ET 10Nov2008-Fannie Mae posts record loss in Q3
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Residential mortgage funder Fannie Mae (FNM.N: Quote, Profile, Research) Monday reported a record $29
billion loss in its third quarter as it wrote down a tax-related asset that has
buoyed capital. The loss is the fifth consecutive one for the company, which
has operated under a government conservatorship since September.
[ID:nN10450742]

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net