STOCKS NEWS US-Agrium urges CF shareholders to withhold votes

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U.S. stock market report [.N]
0811 ET 06April2009-Agrium urges CF shareholders to withhold votes
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Agrium Inc (AGU.N) on Monday urged shareholders of rival CF Industries
(CF.N) to withhold their votes for three nominees for CF's board who are up for
election.

Agrium recently launched an unsolicited offer for CF, which the company has
rejected. [ID:nN06363688]

Shares of CF slid 0.3 percent to $74.34 in premarket trade while Agrium
shares closed Friday at $39.21.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0803 ET 06April2009-Deutsche Bank cuts targets on steel companies
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Deutsche Bank on Monday cut its price targets on a number of steel
companies, saying that while the group was "in the early stages of a recovery,"
it wasn't prepared to accept this as a sustainable rebound, "as we haven't
observed any meaningful improvement in 'leading' indicators in steel and steel
price pressure hasn't abated."

It downgraded both Ternium (TX.N) and Gerdau AmeriSteel (GNA.N) to sell
from hold, seeing market surpluses and lower costs. It also said that contract
prices were "poised to decline" in the coming quarters.

Deutsche Bank cut its target on U.S. Steel (X.N) to $23 from $30, on AK
Steel (AKS.N) to $7.75 from $10 and on ArcelorMittal (MT.N) to $21.5 from $23.
[ID:nWNAB0882]

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0759 ET 06April2009-Futures turn negative on banks, tech stocks
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U.S. index futures turned negative on Monday, as banks erased early gains
and a downgrade of Cisco (CSCO.O) weighed on investor sentiment for the tech
group.

For details, see [ID:nN06382017]

Dow Jones industrial average futures DJc1 fell 37 points while S&P 500
futures SPc1 slid 4.5 points and Nasdaq 100 futures NDc1 were down 6.25
points.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0753 ET 06April2009-Republic valuation attracting investors: Barron's
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Barron's wrote that shares of waste hauler Republic Services (RSG.N) were
becoming attractive to investors after dropping 39 percent in the past year.

The financial publication noted that Bill Gates's investment vehicle,
Cascade Investment, had increased its stake in the waste hauler to nearly 15
percent in the past few months. [ID:nN05326949]

Shares of Republic closed Friday at $18.18.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0743 ET 06April2009-HSBC rises after response to rights issue
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U.S.-listed shares of HSBC (HSBA.L) (HBC.N) bank rose in premarket trade
after its $18.9 billion rights issue received a robust response from investors,
with leftover shares sold quickly. [ID:nL6573199]

The stock rose 2.8 percent to $33.52 in premarket trade on the New York
Stock Exchange.

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