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STOCKS NEWS US-Bernstein downgrades Boeing to "market perform"

Real-time equity news U.S. stock market report 0718 EST 12Nov2010-Bernstein downgrades Boeing to "market perform" ------------------------------------------------------------------------------ Sanford C. Bernstein downgraded Boeing Co to "market perform" and said additional delays in Boeing-787 delivery are hurting the planemaker's cash flow situation. The brokerage said further slippage of the 787 delivery plan would also hurt cost absorption on the Boeing 737 and 777 flights, reducing margins for those programs. For details, see Shares of Boeing, a Dow component, edged 0.2 percent lower to $65.26 in premarket trading on light volume. Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 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: ryan.vlastelica.reuters.com@reuters.net 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: ryan.vlastelica.reuters.com@reuters.net 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: ryan.vlastelica.reuters.com@reuters.net Keywords: MARKETS STOCKSNEWS COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

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