STOCKS NEWS US-Crude oil down after rally in Wednesday's session

Thu May 21, 2009 7:29am EDT
 
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 Stocks on the move [HOT-RTRS] Real-time Equity news [U E]
[RESF/US]
 U.S. stock market report [.N]
0726 ET 21May2009-Crude oil down after rally in Wednesday's
session
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 July crude futures fell on Thursday, after hitting a
six-month high in Wednesday's session.
 The contract slid 2.3 percent to $60.60 per barrel.
 For details, see [ID:nSIN101873]
 Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0722 ET 21May2009-Barclays upgrades health care facilities
group
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 Barclays Capital on Thursday upgraded the health care
facilities sector to positive from neutral, arguing that the
sector would benefit from proposed healthcare reform, as well
as the ability to offset weaker volumes with lower costs.
 "Although the timing of any reform remains uncertain, we
see increased momentum for something getting finalized before
the end of the year and suggest that the hospitals should be
one of the greatest beneficiaries," the firm wrote. "We believe
that the current proposals and hearings suggest that Congress
has a favorable bias toward helping hospitals."
 Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0716 ET 21May2009-GFT: stock indices are "starting to look
tired"
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 GFT on Thursday said that U.S. indices were "starting to
look tired," and that they were "to hold on to gains and
failing."
 "It feels like we may get that pull-back that we've been
expecting for so long," the firm wrote, adding that the test in
Thursday's session would come with the market reaction to
jobless and Philadelphia Fed data.
 GFT expects the Dow Jones industrial average .DJI to open
down 46 points while the S&P 500 .SPX opens down 6 points.
 Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0712 ET 21May2009-Google won't buy newspaper: FT
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 Google Inc (GOOG.O) has decided against buying a newspaper,
according to a report in the Financial Times that quoted the
Internet company's CEO.
 The company had considered buying a news publication but is
now unlikely to do so because potential targets are either too
expensive or have too many liabilities, the FT quoted Schmidt
as saying.
 For details, see [ID:nLK101627]
 Shares of Google closed Wednesday at $397.18.
 Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0709 ET 21May2009-Sony to halve suppliers, cut procurement
costs
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 Sony Corp (SNE.N) on Thursday said it would halve the
number of its suppliers over the next two years, and added that
it was aiming to cut its procurement costs by 20 percent this
year.
 The moves come as the electronics company steps up
restructuring efforts amid mounting losses.
 For details, see [ID:nBNG398847]
 U.S.-listed shares of Sony closed Wednesday at $26.11.
 Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0703 ET 21May2009-BofA wants to repay $45 bln of TARP this
year: FT
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 Bank of America (BAC.N) wants to repay $45 billion in
bail-out funds by the end of the year, according to a report in
the Financial Times.
 The bank is on track to raise more than $35 billion in
capital by the end of September, the report read, citing people
familiar with the matter.
 For details, see [ID:nN20542015]
 Shares of the Dow component slid 3 cents to $11.46 in
premarket trading.
 Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0659 ET 27April2009-Economic indicators for May 21
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 Economic indicators on tap for Thursday include jobless
claims data, the April SEMI book to bill ratio, the April
leading index change and the May Philadelphia Fed business
index.
 For details, see [ECI/US]
 Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0653 ET 21May2009-Earnings diary for May 21
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 Companies scheduled to report quarterly results on Thursday
include: Gamestop Corp (GME.N), Gap Inc (GPS.N), Autodesk Inc
(ADSK.O), Salesforce.com Inc (CRM.N), Hormel Foods Corp (HRL.N)
and Patterson Dental (PDCO.O), among others.
 For details, see [RESF/US]
 Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net

 

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