US stocks fall on reports of sagging retail sales
Mumbai: US stocks fell on Thursday as oil prices and Treasury bond yields rose, while same-store retail sales dipped.

The Dow Jones industrial average fell 28.02 points, or 0.25 per cent, to end at 11,025.51. The Standard & Poor's 500 Index dipped 2.10 points, or 0.16 per cent, to finish at 1,289.14. The Nasdaq Composite Index slipped 3.53 points, or 0.15 per cent, to c lose at 2,311.11.

Trading was heavy on the NYSE with about 1.79 billion shares being exchanged, above last year's daily averages of 1.62 billion shares. On Nasdaq, 2.11 billion shares were traded, also above last year's 1.80 billion averages. About 5 shares fell for every 4 stocks that rose on the NYSE. On Nasdaq, declining stocks outpaced gainers by a 4 to 3 ratio.
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Spain wants more details on Mittal plan
Madrid: The Spanish government said it wanted more details of the takeover plan of Mittal Steel for European steel maker Arcelor and said the information it had was "insufficient" to alleviate doubts about the operation.

Mittal Steel, which has made a euro 18.6bn hostile bid for Arcelor, said that it had sent the broad outlines of its plans for Arcelor to governments concerned by the takeover.

The statement from Spanish government, anxious to preserve the jobs of 15,000 Arcelor workers in the country, was the first official reaction in Spain to the plans, which are expected to include details about the future strategy of the merged group and employment.
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