Business Today: Wall Street slips after S&P 500 hits four-year high

	Click to View in Browser 08/21/2012 Wall Street slips after S&P 500 hits four-year high NEW YORK (Reuters) - Stocks fell on Tuesday after the S&P 500 hit its highest level in four years as the benchmark index faced technical resistance and traders cashed in recent gains. Dell warns of weak second half, shares slide (Reuters) - Dell Inc warned of a "challenging" second half as customers cut back on computer purchases in anticipation of the launch of Microsoft Windows 8 software late in 2012, sending its shares down 4 percent. Glencore says $30 billion Xstrata deal "not a must-do" LONDON (Reuters) - Glencore's $30 billion bid for miner Xstrata is not a "must-do deal" its chief executive said on Tuesday, in making the company's strongest suggestion yet that it will not yield to key shareholder Qatar's demands for an improved offer. Best Buy suspends profit outlook, share buybacks (Reuters) - Best Buy Co Inc suspended giving a profit outlook and conducting share buybacks for the rest of the year, as it looks to give its newly named chief executive a chance to understand the business. Shell plans at least $1 billion a year China shale gas investment BEIJING (Reuters) - Royal Dutch Shell plans to spend at least $1 billion a year exploiting China's potentially vast resources of shale gas, the firm's top China executive said, part of an aggressive strategy to expand in the world's biggest energy market. Fed's Lockhart says mind not made up on easing ATLANTA (Reuters) - Atlanta Federal Reserve Bank President Dennis Lockhart said on Tuesday he had not yet made up his mind on whether further monetary easing is warranted. Another risk officer in JPMorgan "Whale" trade retains lawyer NEW YORK (Reuters) - Another JPMorgan Chase & Co risk manager, who worked for a division that lost at least $5.8 billion on a series of complex derivatives trades, has hired a lawyer in connection with probes into the so-called "London Whale" trading debacle, according to sources familiar with the investigations. Argentina says to file WTO complaint against United States BUENOS AIRES (Reuters) - Argentina will file a complaint with the World Trade Organization (WTO) over U.S. beef and lemon import policies, the South American country's Foreign Ministry said in a statement on Tuesday. U.S. business hopeful Congress passes Russia trade bill in September WASHINGTON (Reuters) - A U.S. business group on Tuesday said they were hopeful Congress would approve a bill to upgrade U.S. trade relations with Russia after it returns from a month-long break and warned that U.S. companies would lose business if lawmakers don't act. Regulator streamlines foreclosure prevention program WASHINGTON (Reuters) - The regulator for Fannie Mae and Freddie Mac streamlined one of their foreclosure prevention programs in order to make it easier for troubled homeowners to sell their homes for less than what they owe the banks. Related Video Trading at Noon: U.S. stocks hit 4-year high Russia calls time on alcohol adverts Economic News Consumer sentiment at three-month high in early August Budget cuts more risky to states than healthcare law 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