STOCKS NEWS US-Crude oil tumbles on Irish debt concerns

Real-time equity news U.S. stock market report 0706 EST 12Nov2010-Crude oil tumbles on Irish debt concerns ------------------------------------------------------------------------------ December crude futrues fell on Friday, retreating from a 25-month high reached in the previous session, as concern about Irish debt spurred a broad retreat from riskier assets. For details, see Separately, the International Energy Agency said that global oil demand would slow in 2011 after a brief, accelerated burst at the end of this year. The burst would come on rising consumption in industrial economies and growth in China. The contract was down 2 percent to $86.10 per barrel. Reuters Messaging: 0700 EST 12Nov2010-M. Stanley may spin off quant trading unit-NYT ------------------------------------------------------------------------------ Morgan Stanley may spin off its quantitative trading strategy unit known as Process Driven Trading in light of the Dodd-Frank Act, the New York Times reported. The investment bank is in advanced discussions with the unit's head Peter Muller about a spinoff, after which Muller and his team would still get access to the Morgan Stanley infrastructure, including its legal resources, the newspaper said. For details, see Shares of Morgan Stanley closed Thursday at $26.31. Reuters Messaging: 0656 EST 12Nov2010-Economic and earnings diary for Nov. 12 ------------------------------------------------------------------------------ Economic data on tap for Friday includes the preliminary look at November consumer sentiment. Companies expected to report quarterly results include Agilent Technologies Inc, D.R. Horton Inc, and JC Penney Co Inc. Reuters Messaging: Keywords: MARKETS STOCKSNEWS COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

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