STOCKS NEWS US-Goldman Sachs raises price target on RIM

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1353 ET 10June2009-Goldman Sachs raises price target on RIM
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Shares of Research in Motion (RIMM.O) rallied on Wednesday, lifted after
Goldman Sachs raised its price target on the smart phone maker to $96 from
$85.

"Our retail checks and conversations with the supply chain throughout the
quarter suggest continued robust sell-through of RIM devices, further helped by
currency tailwinds," the firm wrote.

Goldman said that the stock was its favorite in the communication
technology sector, "as it continues to offer the rare combination of
significant upside to estimates and a discount multiple."

Shares of RIM rose 0.7 percent to $82.57.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1352 ET 10June2009-Obama administration to name pay czar
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The Obama administration will name a pay czar with the power to reject
compensation plans for top employees at companies receiving "exceptional"
government aid, an administration official said on Wednesday.

The administration will also call for "say-on-pay" legislation that would
give the Securities and Exchange Commission authority to require public
companies to hold non-binding shareholder votes each year on executive pay, the
official, who requested anonymity, said.

For details, see [ID:nN10272750]

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1332 ET 10June2009-Talbots stock falls after downgrade
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Shares of Talbots Inc (TLB.N) sank on Wednesday, after FBR Capital Markets
downgraded the women's apparel retailer to market perform, saying that
near-term catalysts for the stock had played out.

"Concerns over the macro environment remain, and we believe the missy
sector will continue to see weak demand," the firm wrote.

For details, see [ID:nBNG447650]

The stock sank 4.2 percent to $4.81.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1329 ET 10June2009-Lacker: Fed must not delay in policy tightening
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Jeffrey Lacker, the Richmond Federal Reserve president, on Wednesday said
that while U.S. inflation expectations were well anchored, the Federal Reserve
must not delay tightening monetary policy once the recovery begins.

"The challenge for us on the Federal Open Market Committee will be to
shrink our balance sheet and tighten policy soon enough when the recovery
emerges to prevent rising inflation," he said, referring to Fed's
policy-setting committee. [ID:nN10437956]

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1325 ET 10June2009-Colonial shares drop after unit agrees to order
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Shares of Colonial BancGroup (CNB.N) sank on Wednesday, dropping a day
after its banking unit agreed to a cease-and-desist order with regulators,
requiring the bank to increase capital levels and reduce problem assets, among
other things.

Fitch Ratings on Tuesday downgraded Colonial deeper into junk status,
saying the likelihood of the company's executing a $300 million pending
infusion from a consortium of investors may be "negatively impacted."

For details, see [ID:nBNG449569]

The stock tumbled 24 percent to 92 cents.

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