Business Today: Wall Street ends down on weak earnings, Boeing rallies

	Click to View in Browser 10/23/2013 Wall Street ends down on weak earnings, Boeing rallies NEW YORK (Reuters) - U.S. stocks fell on Wednesday as shares of heavy-equipment maker Caterpillar and semiconductor companies tumbled after they reported earnings, ending the S&P 500's four-session streak of record high finishes. Boeing raises forecast as quarterly profit jumps; defense weak (Reuters) - Boeing Co reported a surprising 12 percent jump in quarterly profit and raised its full-year forecast on soaring commercial aircraft production and margins, sending its shares up as much as 6 percent to an all-time high. Beverly Hills securities broker target of Wall Street complaint (Reuters) - A Beverly Hills securities broker, whose clients included Hollywood stars, is being accused by Wall Street's industry-funded watchdog of lying to regulators and selling worthless securities to unsuspecting customers, including a divorced mother of three. Bank of America liable for Countrywide mortgages fraud NEW YORK (Reuters) - Bank of America Corp was found liable for fraud on Wednesday on claims related to defective mortgages sold by its Countrywide unit, a major win for the U.S. government in one of the few big trials stemming from the financial crisis. Analysis: GM may develop future Opel vehicles on its own in Europe DETROIT (Reuters) - General Motors Co's ability to reverse years of losses in Europe is coming down to products, not partners. Liggett Group to pay $110 million in tobacco settlement (Reuters) - Liggett Group announced Wednesday that it would pay $110 million to settle thousands of Florida lawsuits accusing the tobacco company of concealing the dangers of smoking cigarettes. Former Ecuadorean judge testifies to bribery in Chevron case NEW YORK (Reuters) - A former Ecuadorean judge testified on Wednesday that he ghost-wrote rulings for another judge who ordered Chevron Corp to pay $19 billion to villagers whose land had been polluted by oil exploration. Panasonic to slash chipmaking workforce by half: Nikkei (Reuters) - Panasonic Corp plans to dramatically cut back on chipmaking, slashing the business's 14,000-strong workforce by half and possibly selling some plants, the Nikkei said. Manhattan to get first Teavana tea bar since Starbucks deal Starbucks Corp, which has doubled down on its tea bet, is opening its first Teavana tea bar in New York City this week, aiming to do for tea, the world's second most popular beverage after water, what it has done for coffee. Goldman Sachs trying to improve fixed-income trading: media report NEW YORK (Reuters) - Goldman Sachs Group Inc is working to bolster performance in fixed-income trading after a weak third quarter, and is looking for experienced salespeople and traders to improve the business, President and Chief Operating Officer Gary Cohn said in a Bloomberg Television interview on Wednesday. Related Video Daily Digit: Icahn $800 mln Netflix profit Gazan students create energy-saving hospital cleaning device Economic News Most U.S. primary dealers see Fed trimming purchases in March 2014: poll U.S. construction spending approaches 4-1/2 year high 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