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By Sam Forgione NEW YORK (Reuters) - Disappointing corporate earnings handed European shares their biggest daily decline in over a week on Tuesday and left U.S. stocks little changed, while Iran's seizure of a cargo ship in the Persian Gulf lifted oil prices. European shares tumbled following some weaker-than-expected corporate updates, with paper maker UPM-Kymmene slipping after results while a new share issue hit Commerzbank.
Prince William and his pregnant wife Kate sent pastries on Tuesday to a camp of royal watchers waiting outside a London hospital for the birth of their second child. "We're getting close," said Kathy Martin, 50, one of around a dozen of royalist faithful decked out in the colours of the Union Jack flag who have slept outside the London hospital for a week in tents and on benches. Martin was delighted at the box of croissants and apple turnovers from Kensington Palace -- William and Kate's official residence in the British capital. Fellow fan Maria Scott, 44, added: "We get a lot of abuse.
The Securities and Exchange Commission is investigating Bank of America to see whether it broke rules by speculating with its customers' funds, a person close to the matter said Tuesday. The person, who spoke on condition of anonymity to AFP, said the trades took place in Merrill Lynch, bought by BofA in 2009 amid the financial crisis. The Wall Street Journal on Tuesday was the first to report on the SEC investigation of Bank of America, the second-largest US bank by assets, for trading that occurred between 2009 and mid-2012. Bank of America said it was cooperating fully with the inquiry.