Business Today: Wall Street sours on weak domestic factory data

	Click to View in Browser 12/3/2012 Wall Street sours on weak domestic factory data NEW YORK (Reuters) - Stocks struggled to extend the previous week's gains, dropping on Monday as disappointing U.S. factory numbers dampened optimism about China's economic growth. Fed officials laud stimulus, quibble over future plans NEW YORK/LITTLE ROCK, Arkansas (Reuters) - Central bankers appear satisfied with the impact of their latest monetary stimulus, though there is some disagreement over how forcefully to continue purchasing bonds, remarks by two top policymakers on Monday showed. Insight: Morgan Stanley wealth unit aims to close lending gap By Lauren Tara LaCapra and Carrick Mollenkamp and Jessica Toonkel Pace of November auto sales races to near five-year high (Reuters) - Auto sales in November were helped by a rebound from storm-ravaged October and the need to replace aging vehicles which put the industry on pace for a near five-year high and left executives optimistic about 2013. Ford seeking remedy for Escape, Fusion engine fire risk DETROIT (Reuters) - Ford Motor Co is still working on a remedy for a defect that raises the risk of an engine fire in almost 90,000 just-launched Escape and Fusion models, an executive at the second-largest U.S. automaker said on Monday. Airbus CEO upbeat on EADS revamp, profit growth LONDON (Reuters) - The chief executive of Airbus moved to head off any concerns about a dip in profits or political interference at the European planemaker as France and Germany edged towards a shake-up of parent group EADS on Monday. UBS nears deal with United States, UK over Libor ZURICH/LONDON (Reuters) - Swiss bank UBS AG is nearing a deal to settle claims some of its staff manipulated interest rates and could reach agreement with U.S. and British authorities by the end of the year, a person familiar with the matter said on Monday. SEC charges China affiliates of top accounting firms WASHINGTON/NEW YORK (Reuters) - Regulators on Monday charged the Chinese arms of five top accounting firms with securities violations over their refusal to produce certain audit papers, raising questions about whether talks between the United States and China to resolve the issue have stalled. Boeing separates airplane production, design (Reuters) - Boeing Co said on Monday it is creating a new division to oversee airplane development, hiving off that function from production as it seeks to ramp up factory output. Manufacturing contracts to weakest in three years NEW YORK (Reuters) - Manufacturing unexpectedly contracted in November to its lowest level in more than three years, as companies worried about whether lawmakers in Washington could reach a budget deal in time avert a crisis that many fear could lead to a recession. Related Video Romania moves to save virgin forests Urban algae turns wastewater into energy Economic News Fed officials laud stimulus, quibble over future plans Fed's Bullard: monetary policy cannot save U.S. from fiscal cliff A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend