Arcandor shares fall after Reuters ahead on German govt committee view

Reuters was first on June 8 to report that a senior German government advisory committee opposed state aid to retailer giant Arcandor out of a fund designed to help companies in trouble because of the financial crisis. The decision paved the way for the final no by the government that led the company to file for bankruptcy on Wednesday. Arcandor shares fell by more than 35 percent after the headlines. Dow Jones and Bloomberg were unsighted with the news.