MILAN (Thomson Financial) - Milan shares tracked other European markets lower midday with losses led by an almost double-digit slump in Alitalia and with just Finmeccanica in positive territory, but trading volumes were thin and dealers noted that the general market mood was negative after Friday’s inflation reports from the US which led to fears that US rate cuts may be over.
CORRECTED - GLOBAL MARKETS-Stocks lower, dollar flat, oil creeps up
In NEW YORK story headlined "GLOBAL MARKETS-Stocks lower, dollar flat, oil creeps up" please read in 29th paragraph " was down 0.5 percent at 0.7632" instead of "was up 0.5 percent " (corrects direction) A corrected repetition follows:
Wells Fargo shuts down stock research operations
SAN FRANCISCO - Wells Fargo & Co. on Tuesday jettisoned a small division that evaluated individual stocks, citing a drop in revenue that made it increasingly difficult to support an operation unconnected to the bank's bread-and-butter business of gathering deposits and making loans.
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