U.S. stocks fell Monday as investors digested a number of corporate earnings reports and oil prices decreased more than 1.5%. Deutsche Bank (DB) shares rose 0.4% after media reports suggested the company may scale back its U.S. operations. The bank currently faces a $14 billion settlement with the U.S. Justice Department over toxic mortgage-related securities it sold in the years leading up to the financial crisis. Caterpillar (CAT) CEO Doug Oberhelman announced plans to retire in March. He will be replaced by Jim Umpleby, the company's group president for energy and transformation. Caterpillar shares fell 0.3%. Groupon (GRPN) shares gained 4% after Wedbush Securities upgraded the stock to OUTPERFORM from NEUTRAL. The analysts expect third-quarter earnings to eclipse Wall Street's estimates. TheStreet's Scott Gamm reports from Wall Street.
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