STOCKS NEWS US-Quiksilver surges after doubled price target

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1146 ET 08June2009-Quiksilver surges after doubled price target
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Shares of Quiksilver (ZQK.N) rallied on Monday, after
Lazard Capital Markets raised its price target on the apparel
company, lifting it to $6 from $3. The firm cited a weaker U.S.
dollar and cost-cutting measures in its decision.

"We believe Quiksilver can generate more earnings power
with all three of its brands (than if it were to sell one or
more of them), thus leading to a higher share price in the long
run," the brokerage said.

For details, see [ID:nBNG497050]

Shares rose 7.5 percent to $3.75.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1125 ET 08June2009-GM CEO: bankruptcy process moving quickly
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Fritz Henderson, the chief executive officer of bankrupt
automaker General Motors GMGMQ.PK, on Monday told reporters
that the company's bankruptcy process was moving quickly.

He added that the company expects to provide an update on
its dealer consolidation plan this week.

For details, see [ID:nWEN0167]

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1115 ET 08June2009-NPS Pharma rises after Goldman upgrade
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Shares of NPS Pharmaceuticals (NPSP.O) rose on Monday,
after Goldman Sachs upgraded the company to neutral from sell
on valuation.

The firm said its previous rating on the company was based
on relatively small markets related to the biopharmaceutical
company's drug candidates and lack of catalysts in the next 12
months.

For details, see [ID:nBNG498853]

Shares rose 7.8 percent to $3.86.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1108 ET 08June2009-Markets extend losses as McDonald's weighs
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Major U.S. indexes extended their losses on Monday, after
McDonald's (MCD.N) said its second-quarter profit could be hurt
by currency swings.

For details, see [ID:nN08321918]

The Dow Jones industrial average .DJI fell 1.1 percent to
8,667.53 while the S&P 500 .SPX lost 1 percent to 930.89 and
the Nasdaq .IXIC was off 1.4 percent to 1,823.98.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1055 ET 08June2009 Uncertainty drives up Apple options volume
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Apple Inc (AAPL.O) shares fell more than 2 percent to
$141.45 in late morning trade. Its June options are drawing
increasing volume in puts and calls on Monday, the day of the
company's annual developer conference, said WhatsTrading.com
option strategist Frederic Ruffy. In all, about 33,000 puts and
45,000 calls changed hands, according to Trade Alert. A
surprise appearance by ailing Chief Executive Steve Jobs at the
conference could lift the stock, but his absence might trigger
a bigger move in the other direction. Among the most actives
are the June $150 calls and the June $145 puts with a combined
total volume of more than than 12,000 contracts. Apple's stock
is historically volatile during the company's June conference.
It dropped about 7 percent over the course of conference in
2008 and about 4 percent in 2007.

Reuters Messaging: doris.frankel.reuters.com@reuters.net
1041 ET 08June2009-Supreme Court won't hear appeal for ex-Tyco
CEO
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The U.S. Supreme Court on Monday said it wouldn't hear an
appeal by Dennis Kozlowski and Mark Swartz, former top
executives of Tyco International (TYC.N). Without comment the
justices refused to review a ruling by the New York State Court
of Appeals that upheld the convictions of the former Chief
Executive Kozlowski and Swartz.

The appeal would have related to convictions for fraud and
other crimes.

In 2005, Kozlowski and Swartz were found guilty of
securities fraud, conspiracy, grand larceny and falsifying
business records. Prosecutors said Kozlowski and Swartz stole
more than $150 million from Tyco.

For details, see [ID:nN08321395]

Shares of Tyco fell 1.3 percent to $27.49 on Monday.

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