Business Today: Wall Street falls as no progress seen to resolve shutdown

	Click to View in Browser 10/7/2013 Wall Street falls as no progress seen to resolve shutdown NEW YORK (Reuters) - U.S. stocks fell on Monday, extending two weeks of losses, as a lack of progress in ending the partial U.S. government shutdown or the debt-ceiling standoff kept investors nervous. Mark Cuban tells insider trading trial share sale was long planned DALLAS (Reuters) - Dallas Mavericks basketball team owner Mark Cuban testified at his insider trading trial on Monday that he had said "on multiple occasions" he intended to sell a stake in an Internet search firm before he learned the stake was about to lose value. Airbus clinches landmark jet order with Japan Airlines BARCELONA/TOKYO (Reuters) - Airbus clinched its first jet order from Japan Airlines on Monday, cracking a big national market long dominated by the European firm's main rival, Boeing . BlackBerry shares up on interest from strategic buyers TORONTO (Reuters) - Shares of BlackBerry Ltd rose 4 percent on Monday, following news of potential interest from strategic buyers in the embattled smartphone company and an analyst upgrade on the company's stock. U.S. Supreme Court won't hear Argentina bond dispute appeal WASHINGTON/BUENOS AIRES (Reuters) - The U.S. Supreme Court on Monday declined to hear a preliminary appeal filed by Argentina over its battle with hedge funds that refused to take part in two debt restructurings stemming from the country's catastrophic 2002 default. U.S. consumer credit up, but credit card usage down WASHINGTON (Reuters) - U.S. consumer credit rose more than expected in August, but a third straight month of decline in credit card usage was consistent with recent tepid consumer spending. Exclusive: Mortgage and fleet company PHH explores sales - sources NEW YORK (Reuters) - PHH Corp is exploring splitting up its mortgage and auto fleet leasing businesses, and selling each of the units, three people familiar with the situation told Reuters on Monday. Defense shares up after Pentagon recalls civilian workers WASHINGTON (Reuters) - Shares of Lockheed Martin Corp , the Pentagon's biggest supplier, and other defense companies rallied on Monday after Defense Secretary Chuck Hagel recalled most civilian defense employees despite the ongoing shutdown of the U.S. government. UK's Cable says Labour 'irresponsible' to talk up Royal Mail value LONDON (Reuters) - British Business Secretary Vince Cable accused the opposition Labour party of irresponsibly talking up the value of shares in the Royal Mail postal service, a day before order books close on Britain's biggest privatisation in decades. Monte Paschi toughens up revival plan to win over Brussels MILAN/ROME (Reuters) - Bowing to European Union requests, loss-making Italian bank Banca Monte dei Paschi di Siena unveiled thousands of new job cuts on Monday and asset sale plans in a bid to return to profit and stave off nationalisation. Related Video Which retailers will have a happy holiday and which won't Dressing for dinner at APEC Economic News U.S. still in fiscal deadlock but looking for a way out U.S. consumer credit up, but credit card usage down 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