STOCKS NEWS US-KBW sees strong Q2 for Wells Fargo

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0737 ET 02July2009-KBW sees strong Q2 for Wells Fargo
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KBW on Thursday wrote that Wells Fargo & Co (WFC.N) could
post strong results in its second quarter, lifted by high
mortgage revenue.

The firm raised its second-quarter and full-year earnings
outlook on the bank.

For details, see [ID:nBNG475608]

Shares of Wells Fargo closed Wednesday at $24.14.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0718 ET 02July2009-Futures down ahead of June jobs data
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U.S. index futures fell on Thursday, ahead of the release
of important jobs data for the month of June.

For June, the unemployment rate is expected to rise to 9.6
percent from 9.4 percent in May, according to a Reuters poll of
estimates.

For details, see [ID:nN02542422]

Dow Jones industrial average futures DJc1 fell 56 points
while S&P 500 futures SPc1 slid 5.9 points and Nasdaq 100
futures NDc1 were down 8.75 points.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0715 ET 02July2009-UnitedHealth given OK to settle shareholder
suit
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A U.S. federal judge has granted UnitedHealth Group Inc
(UNH.N) final approval for the settlement of a 2007 shareholder
lawsuit related to past stock options practices, court
documents show.

According to court papers filed in the U.S. district court
in Minnesota, Judge James Rosenbaum also granted the plaintiffs
in the lawsuit attorneys' fees of $29.3 million and litigation
expenses of $514,592.

The shareholders who brought the lawsuit against the
company had sought $47 million in attorneys' fees and $803,592
in litigation-related expenses, court documents showed.

For details, see [ID:nBNG484252]

Shares closed Wednesday at $25.16.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0709 ET 02July2009-Exelon raises hostile bid for NRG
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Exelon Corp (EXC.N) on Thursday raised its hostile takeover
bid for independent power producer NRG Energy Inc (NRG.N) to
$7.45 billion, citing newly identified cost savings and NRG's
recent acquisition of Reliant Energy's retail business.

Under the increased offer, NRG common stock holders will
receive 0.545 share of Exelon for each NRG share held.

In October, Exelon, the largest nuclear power company in
the United States, offered 0.485 share for each NRG share in a
bid valued at $6.2 billion.

For details, see [ID:nBNG512453]

Shares of Exelon closed Wednesday at $51.56 while NRG rose
3.6 percent to $27 in premarket trading.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0705 ET 02July2009-Economic indicators for July 2
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Economic indicators on tap for Thursday include weekly
jobless claims and ECRI data, May durable goods and factory
orders data, manufacturing and non-farm payroll data for June,
the June unemployment rate, average earnings and workweek hours
for June and ECRI inflation data for June.

For details, see [ECI/US]

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0659 ET 02July2009-Earnings diary for July 2
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Companies scheduled to report quarterly results on Thursday
include: MSCI Inc (MXB.N), Acuity Brands (AYI.N) and MSC
Industrial Direct (MSM.N). Earlier Methode Electronics (MEI.N)
reported its fourth-quarter results. [ID:nWNAB3963]

For details, see [RESF/US]

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net