European shares and the euro fell on Tuesday as investors turned their attention from central bank stimulus to slowing global growth and uncertainty about Spain's desire for an international aid package.

Advanced Micro Devices Inc (AMD.N) said Chief Financial Officer Thomas Seifert was leaving the struggling personal computer chipmaker to pursue other opportunities, sending its shares down almost 12 percent in late trade on Monday.

Dole Food Company Inc (DOLE.N) will sell two businesses to Itochu Corp (8001.T) for $1.7 billion in cash - a deal that will help the world's largest fruit and vegetable producer pay down its heavy debt load while expanding Itochu's food presence in new markets such as China.

The increasing number of technological snafus at exchanges and trading firms highlights the need for more stringent risk controls at all levels of the high-speed trading cycle, the Federal Reserve Bank of Chicago said on Monday.

Time Warner Cable Inc (TWC.N) has put a process in motion to sell its stake in wireless service provider Clearwire Corp (CLWR.O), according to a regulatory filing.

A U.S. regulation that limits how much of its own capital a bank can put at risk is causing headaches for Morgan Stanley as it prepares to raise a new multi-billion-dollar global infrastructure fund, people familiar with the situation said.

European car sales fell 8.5 percent in August, for an 11th straight monthly decline led by Ford (F.N), General Motors (GM.N) and Fiat (FIA.MI) and mid-market brands bore the brunt of the slump in markets including Italy, France and Germany.

On the macro front, investors awaited the second-quarter's current account deficit, due at 1230 GMT, as well as the NAHB September housing market index, due at 1400 GMT.

U.S. stocks fell on Monday in light trading after a rally that drove the S&P 500 last week to its highest level in nearly five years and as falling oil prices hit energy shares.

The Dow Jones industrial average .DJI slipped 40.27 points, or 0.30 percent, to end at 13,553.10. The Standard & Poor's 500 Index .SPX shed 4.58 points, or 0.31 percent, to 1,461.19. The Nasdaq Composite Index .IXIC dropped 5.28 points, or 0.17 percent, to close at 3,178.67.

(Reporting by Blaise Robinson; editing by Stephen Nisbet)

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