STOCKS NEWS US-American Axle up after results, peers fall

Stocks on the move [HOT-RTRS] Real-time Equity news [U E] [RESF/US]
U.S. stock market report [.N]

1034 ET 01May2009-American Axle up after results, peers fall
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Shares of American Axle & Manufacturing Holdings Inc rose on
Friday, after the auto parts company reported its first-quarter results.
For details, see [nN01256686]
The stock added 10 percent to $1.10. Among its peers, Johnson Controls Inc fell 1.8 percent to $18.67, TRW Automotive Holdings Corp lost
0.9 percent to $8.54 and Gentex Corp shed 4.1 percent to $12.82.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net

1019 ET 01May2009-Factory sector shrinks more slowly in April: ISM
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The U.S. factory sector shrank further in April, but at a slower pace than
expected, suggesting some stabilization in the sector and in the broader
economy, according to the Institute of Supply Management.
The ISM's index of national factory activity rose to 40.1 in April from
36.3 in March. Analysts polled by Reuters were expecting a reading of 38.
Any reading below 50 represents contraction in the sector.
For details, see [nWEN8347]
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net

1005 ET 01May2009-Consumer sentiment rises in April: U. Mich
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U.S. consumers felt more confident about the economy last month than at any
time since the September failure of Lehman Brothers, a survey showed on
Friday.
The Reuters/University of Michigan Surveys of Consumers said its final
index of confidence climbed to 65.1 in April from 57.3 in March. Analysts
expected a reading of 61.9 for April.
For details, see [nN01421984]
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net

1000 ET 01May2009-Big 5 soars after results, upgrade, Dick's flat
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Shares of Big 5 Sporting Goods Corp soared on Friday, after the
company reported first-quarter earnings that beat expectations and gave a
second-quarter outlook above market expectations.
The company was also upgraded to buy from hold at Needham.
For details, see [nBNG446701]
The stock surged 34 percent to $11 while peer company Dick's Sporing Goods
Inc was down 0.3 percent to $18.94.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net

0954 ET 01May2009-Bullard: Fed must keep regulatory role
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The U.S. Federal Reserve needs to continue to regulate the largest banks in
order to monitor developments in the financial system, James Bullard, the St.
Louis Federal Reserve president said on Friday.
Bullard added that a regulatory overhaul is likely following the financial
crisis, arguing that it had worked well for small banks during the crisis
because it includes deposit insurance, high-quality monitoring of banks and a
clear, credible resolution regime.
For details, see [nN01401406]
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
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