Reporting by Edward Krudy editing by Jeffrey Benkoe Stocks Global Markets

(Reporting by Edward Krudy; editing by Jeffrey Benkoe) Stocks Global Markets Funds News ETFs News. NCsoft and Paragon Studios to Challenge Gamers to Walk the Line Between Good andEvil – or Cross It!SEATTLE–(Business Wire)–NCsoft, the world’s premier publisher and developer of massively multiplayeronline games (MMOs), and Paragon Studios, the developer of City of Heroes, todayannounced the development of City of Heroes Going Rogue, the first majorexpansion for the City of Heroes franchise since the launch of City of Villainsin 2005. TheNasdaq Composite Index .IXIC lost 14.55 points, or 0.84percent, to 1,716.69. Energy shares, including Exxon Mobil Corp (XOM.N) andChevron Corp (CVX.N), edged higher, cushioning Dow industrials,as oil edged up 0.8 percent to $58.99 per barrel. Exxon rose 1.1 percent to $70.04, while Chevron added 0.4percent to $68.31. The Standard & Poor’s 500 Index.SPX dropped 5.19 points, or 0.57 percent, to 904.05. The Dow Jones Industrial Average .DJI fell 14.89 points,or 0.18 percent, to 8,403.88.

“I would advise investors to keep an eye on the recentmarket leaders, including financials, technology, consumerdiscretionary, industrials and materials.” The technology-heavy Nasdaq lost ground, with big-cap techstock Apple Inc (AAPL.O) leading the decline, down 2.3 percent$126.66 A semiconductor index .SOXX fell 3 percent. “Most rallies that have come out of major bear markets likethis one have experienced a pullback, and investors should beon the lookout for at least some profit-taking in the daysahead,” said Michael Sheldon, chief market strategist at RDMFinancial in Westport, Connecticut. Bank of America Corp (BAC.N) fell 2.6percent to $12.61, while JPMorgan Chase & Co (JPM.N) lost 3.7percent to $34.50 The KBW Bank Index .BKX dropped 4.4percent. Shares in banks continued to slide after posting steadygains from early March.

($1=.7336 Euro)(For more on Deutsche Boerse’s Q1 results, see [ID:nLB142777],for a FACTBOX on leading exchange groups, see [ID:nN11546201]) (For news from the Reuters Exchanges and Trading Summit, clickhere) See also [ID:nN11169499] (Editing by Sharon Lindores) Stocks Mergers & Acquisitions Global Markets France. (Fixes typo in 7th paragraph) Stocks  |  Global Markets  |  Funds News  |  ETFs News * Bank, technology shares weigh * Dow down 0.2 pct, Nasdaq off 0.8; S&P sheds 0.6 * For up-to-the-minute market news click [STXNEWS/US] (Updates to mid-morning) By Edward Krudy NEW YORK, May 12 (Reuters) – U.S stocks fell on Tuesday asfinancial and technology shares weakened after a recent strongrun-up, while energy shares cushioned the blue-chip Dowindustrials from the worst of the losses. Deutsche Boerse’s executive board was paying “closeattention” to changes in the industry, something he said was the”permanent duty of a management team”. “Organic growth can be complemented by external growthoptions if they make sense from a shareholder perspective aswell as from the point of view of our customers and thecompany,” Francioni said, adding that Deutsche Boerse was taking”a disciplined approach to M&A”.

In slides prepared for the conference call, Deutsche Boersereiterated that its management’s priorities included a “primaryfocus” on organic growth opportunities as well as on operatingefficiency, cost discipline and tax optimization. At 1355 GMT, Deutsche Boerse shares were up 3.5 percent at57.50 euros, having hit a five-month high of 58.24 euros earlierin the session, and outpacing the FTSE/Mondo Visione Exchangeindex .FTMV, which was down 0.4 percent. “Our view on the stock remains positive, reflecting arelatively attractive sum-of-the-parts valuation (in the regionof 59 euros per share) and modest exposure to cash equities interms of revenue with Clearstream and Eurex the two largestcomponents,” Fox-Pitt Kelton said in a research note. Many applauded Deutsche Boerse’s tightcontrol on costs, which fell 6 percent in the first quarter. Francioni said he saw no reason to change the group’sfull-year 2009 cost guidance of 1.28 billion euros. Credit Suisse raised its target price for Deutsche Boerse to75 euros from 65 euros and affirmed its “outperform” rating onthe stock. ANALYSTS CHEER Analyst comments on the results received by Reuters wereuniformly positive.

Revenue fell by a slightly smaller-than-expected 16 percentyear on year to 539.8 million euros, mainly due to lower cashequities and derivatives trading volumes as a result of thefinancial markets crisis. Deutsche Boerse, which runs the Frankfurt Stock Exchange,derivatives exchanges Eurex and ISE as well as settlement andcustody house Clearstream, beat market consensus by postingearnings before interest, tax and amortisation (EBITA) of 311.6million euros ($424.7 million) for the quarter to end-March,down from 425.8 million euros a year earlier. The financial results were “proof of the strength andresilience of our integrated business model,” he added. “We do not feel under any pressure to change our businessmodel or enter into a transformational deal,” Francioni said.