STOCKS NEWS US-NYSE announces third-quarter circuit-breakers

Wed Jul 1, 2009 10:16am EDT
 
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1010 ET 30Jun2009 NYSE announces third-quarter circuit-breakers
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 The New York Stock Exchange said on Tuesday it will implement new
circuit-breaker trigger levels for stocks in the third quarter.
 Circuit-breakers are the thresholds at which trading is halted market-wide
for single-day declines in the Dow Jones industrial average. The levels are as
follows:
 * An 850-point drop in the Dow before 2 p.m. EDT will halt trading for one
hour. If it is between 2 p.m. and 2:30 p.m., trading will be halted for 30
minutes. If the drop is at 2:30 p.m. or later, there will be no halt in
trading.
 * A 1,700-point drop in the Dow before 1:00 p.m. will halt trading for two
hours. If it is between 1:00 p.m. and 2:00 p.m., trading will be halted for one
hour. Trading will be halted for the rest of the day if it is at 2:00 p.m. or
later.
 * A 2,600-point drop will halt trading for the remainder of the day
regardless of when the decline occurs.
 For more please double click [ID:nN30465422]
 Reuters Messaging rm://ellis.mnyandu.reuters.com@reuters.net
0944 ET 01July2009-Comcast announces results for debt securities tender
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 Comcast Corporation (CMCSA.O) announced that it received tenders for $1.73
billion of its outstanding debt securities in the tender offer yesterday.
 Comcast announced its intention on June 18 to purchase up to $1.3 billion
of the outstanding debt securities.
 Shares of Comcast rose 1 percent to $14.62. Among its peers, Cablevision
Systems (CVC.N) rose 1 percent to $19.60, Time Warner Cable (TWC.N) rose 1.2
percent to $32.05 and Dish Network (DISH.O) is up 0.8 percent to $16.34.
Reuters Messaging: rachel.chang.thomsonreuters.com@reuters.net
0930 ET 01July2009-Markets open higher, lifted by energy strength
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 Major U.S. indexes opened higher on Wednesday as oil and commodity prices
regained ground, boosting energy shares.
 Despite that, gains were limited as a report showed the private sector bled
more jobs in June than expected, while mortgage applications fell to a
seven-month low last week.
 The Dow Jones industrial average .DJI rose 0.3 percent to 8,485.59 while
the S&P 500 .SPX gained 0.3 percent to 922.20 and the Nasdaq .IXIC was up
0.6 percent to 1,845.86.
 Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0915 ET 01July2009-PG&E shuts down California Diablo 2 reactor
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 PG&E Corp (PCG.N) shut the 1,118-megawatt Unit 2 at the Diablo Canyon
nuclear power station in California from full power on June 30 due to the loss
of forced cooling to the main transformer bank, the company told the U.S.
Nuclear Regulatory Commission in a report.
 The company said it was investigating the event.
 Unit 1 continued to operate at full power.
 For details, see [ID:nN01493892]
 Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0910 ET 01July2009-Ingersoll-Rand reincorporates in Ireland
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 Diversified U.S. manufacturer Ingersoll-Rand Plc (IR.N) said on Wednesday
it had reincorporated in Ireland, a move that will allow it to take advantage
of that nation's European Union membership and tax treaties.
 The move, approved last month by shareholders, will make the maker of
climate control systems ineligible for inclusion in the Standard & Poor's 500
index .SPX.
 For details, see [ID:nN01494424]
 Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0900 ET 01July2009-Microsoft's Bing gains market share in 1st month
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 Microsoft Corp's (MSFT.O) new Bing search engine gained U.S. market share
in its first month in operation but still trails dominant rival Google Inc
(GOOG.O), according to data released on Wednesday.
 Bing, launched on June 3 but available to some users a few days earlier,
took 8.23 percent of U.S. Web searches in June, up from 7.81 percent for
Microsoft search just prior to its rollout and 7.21 percent in April, said
Internet data firm StatCounter.
 Google lost share slightly, dipping to 78.48 percent from 78.72 percent
before Bing. Yahoo Inc (YHOO.O), the perennial No. 2 in the market, rose to
11.04 percent from 10.99 percent.
 For details, see [ID:nL1665657]
 Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0841 ET 01July2009-Goldman Sachs upgrades Yum Brands
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 Goldman Sachs on Wednesday upgraded Yum Brands (YUM.N) to "buy" from
"neutral," seeing a more positive view on the prospects for profit growth at
the company's international businesses.
 "Our upgrade reflects a longer-term view of a secular story that we think
investors should be behind, not because of the next quarter, but because of the
next couple of years," the firm wrote to clients.
 For details, see [ID:nBNG20864]
 Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net

 

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