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8A Daily News – Wednesday, December 11, 2013 Stocks lower after hitting record; banks in focus NEW YORK (AP) — Stocks fell modestly Tuesday as investors took a breather from a market that notched yet another record high the day before. The market has hit several all-time highs in recent months, but with the holiday season and end of the year approaching many investors expect the market to be calm as 2013 winds down. ''It's quiet, and the only trading that will go on the rest of this year will be people selling for tax reasons and window dressing,'' said Jack Ablin, chief investment officer for BMO Private Bank, which manages $66 billion of assets. It's a common practice for portfolio managers, in the last couple weeks of the year, to close out positions, sell off poorperforming stocks and try to make portfolios look as good as they possibly can Wall Street when they mail their year-end statements to investors. On Wall Street, the practice is sometimes called ''window dressing.'' The Dow Jones industrial average fell 52.40 points, or 0.3 percent, to 15,973.13. The Standard & Poor's 500 index lost 5.75 points, or 0.3 percent, to 1,802.62. The index hit an all-time high Monday. The Nasdaq composite lost 8.26 points, or 0.2 percent, to 4,060.49. Banking stocks were mostly higher after investors got some clarity on new regulations. Federal regulators voted to approve the Volcker Rule, which bars banks from betting on the market with their own money. The Federal Deposit Insurance Corporation, the Securities and Exchange Commission and other federal agencies approved the rule, which will go into effect by July 2015 for the nation's largest banks. Goldman Sachs increased $2.06, or 1.2 percent, to $169.73 and Morgan Stanley rose 38 cents, or 1.3 percent, to $30.77. The Volcker rule is part of the Dodd-Frank financial reform law passed in 2010 in the aftermath of the financial crisis. One of the few remaining events on the economic calendar this year is the Federal Reserve's twoday policy meeting next week. The Fed is widely expected to scale back its stimulus program in the coming months, but few investors expect it will do it next week so close to the end of the year. Economists expect the Fed to start pulling back, or ''tapering,'' its eco- nomic stimulus in the first three months of 2014. ''No matter how you look at it, tapering is on its way,'' said Quincy Krosby, market strategist with Prudential Financial. Twitter jumped $2.85, or 6 percent, to $51.99 after the company announced a new service called ''tailored audiences,'' a platform will let advertisers focus on a specific group of people and target ads to them. In other corporate news, Lululemon Athletica's founder said he would relinquish the company's chairmanship after his comments about the body type of potential customers caused a backlash. The yoga apparel retailer fell $1.22, or 2 percent, to $69.12. General Motors named Mary Barra as its next CEO. She will replace Dan Akerson and will be the first woman to run a major U.S. car company. GM slipped 50 cents, or 1.2 percent, to $40.40. The U.S. government also said Tuesday that it had sold the last of its stake in the automaker, which it acquired following GM's 2009 bankruptcy and restructuring. Suit: Marine's body sent home to Pa. without heart PHILADELPHIA (AP) — The parents of a Marine sergeant who died while stationed in Greece say that they discovered weeks after his funeral that his body had been sent home without a heart — and that the Department of Defense later gave them somebody else's heart in its place. Craig and Beverly LaLoup, who are suing the department, said Tuesday that authorities told them 21-year-old Brian LaLoup had shot himself in the head during a party at the U.S. Embassy compound in Athens, where he worked a security detail. The Marine was taken to an Athens hospital and died a few hours later. Six days after that, on Aug. 18, 2012, the state-run hospital performed an unauthorized autopsy, according to the family's lawsuit, filed Friday in Pennsylvania. The LaLoups don't know what happened to their son's heart. They say a heart arrived months later and the Department of Defense and Greek authorities claimed it was their son's. However, a months-long wait for DNA results proved otherwise. ''This is his heart. This is his soul. This is what made Brian who he is,'' Beverly LaLoup, of Coatesville, said Tuesday in a phone interview. Brian LaLoup, who was buried with full military honors, had served in Afghanistan before being selected for the embassy detail in 2011. He first worked in South Africa, where a photograph shows him with visiting first lady Michelle Obama. He loved the Marines but was upset about a recent romantic breakup, said the family's lawsuit, which seeks at least the minimum $75,000 for a federal claim. A friend told a Marine supervisor, who suggested more drinks instead of getting help, the lawsuit alleged. LaLoup, despite being intoxicated, was allowed to get a weapon from an unsecured storage area, it said. Government immunity prevents the family from filing a wrongful-death lawsuit. Their lawsuit instead seeks damages for emotional distress over the missing heart. But mostly, the family wants answers. The Department of Defense says it doesn't comment on pending litigation. The LaLoups only learned their son's heart was missing by chance. They were filling out paperwork weeks after the funeral when a military official with the file let it slip, Beverly LaLoup said. ''I was absolutely devastated,'' she said. ''I was hysterical. I was running around the house, hyperventilating.'' She made a flurry of phone calls, to the embassy, to the Marine Corps, to the Department of State. A spokesman for the Greek Embassy in Washington, D.C., said Tuesday that the heart was removed during the autopsy. ''His heart was kept for toxicological tests,'' said spokesman Christos Failadis, who declined to answer questions about what happened to it or why the family received a heart belonging to someone else. ''The Greek ambassador in Washington has offered his condolences to the soldier's mother,'' Failadis said. Family lawyer Aaron Freiwald said he doesn't believe that hearts are typically tested for toxicology. Dr. Judy Melinek, a San Francisco pathologist unaffiliated with the case, agreed it would be unusual to use a heart for toxi- Come be our guests! 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They spent months trying to work through administrative channels but got nowhere, said Freiwald, who hopes to learn not only what happened to LaLoup's heart but what led to the wrong one being flown to the U.S. ''They actually had somebody fly with (it), because this is part of a fallen soldier,'' Freiwald said. ''The image of that is gruesome and disturbing and ultimately so incredibly sad.'' 616 Cedar St,. 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