Wall Street dropped on disappointing earnings from companies including Morgan Stanley and eBay as well as the latest economic indicators suggesting a slowdown in the pace of the recovery. Shares of Morgan Stanley and eBay fell, last down 4.7 percent and 5.4 percent respectively, as they posted results that fell short of expectations. So did UnitedHealth Group, sending its shares …

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New Zealand shares fell as investors assessed the potential threat to power company earnings from a Labour Party-Green Party plan to overhaul the electricity sector if elected. Contact Energy, TrustPower, Infratil and Vector all declined. The NZX 50 Index fell 36.16 points, or 0.8 percent, to 4442.10. Within the index, 38 stocks fell, nine rose and three were unchanged. Turnover …