STOCKS NEWS US-FBR raises price target on Goldman Sachs

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0732 ET 23June2009-FBR raises price target on Goldman Sachs
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Friedman Billings Ramsey on Tuesday raised its price target on Goldman
Sachs (GS.N) to $160 from $140 "given what has been a better-than-expected
market share pickup from disruptions at competitors."

"With the better-than-expected share gains, we believe Goldman Sachs is
likely to return toward a more normalized 15 percent plus return on equity
sooner than we had originally anticipated, resulting in our improved 2010
outlook."

At the same time, FBR affirmed its market perform rating and $25 price
target on Morgan Stanley (MS.N).

"While we ultimately expect the Morgan Stanley franchise to rebound from
what was a difficult 2008, headline earnings will continue to suffer from
mark-to-market losses on select balance sheet exposures and debt valuation
adjustments," it wrote.

Morgan Stanley shares closed Monday at $26.63 while Goldman shares gained
0.7 percent to $137.91 in premarket trading.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0727 ET 23June2009-Futures rise after Moody's comment
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U.S. index futures rose on Tuesday, after Moody's Investors Service said
the U.S. government was not in danger of losing its top rating.

The rise in futures came a day after the worst one-day loss in two months.
[ID:nN23537953]

Dow Jones industrial average futures DJc1 rose 16 points while S&P 500
futures SPc1 gained 2.8 points and Nasdaq 100 futures NDc1 were up 3.25
points.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0719 ET 23June2009-Apple CEO Jobs seen at company HQ on Monday
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Steve Jobs, the chief executive officer of Apple Inc (AAPL.O), was seen by
a Reuters reporter at the company's headquarters on Monday, underscoring
speculation that he may have returned to work after taking medical leave.

Speculation has mounted that Jobs could be back at work soon, fueled in
part by a Wall Street Journal article last weekend that said the CEO had a
liver transplant two months ago.

For details, see [ID:nN22405730]

Shares of Apple closed Monday at $137.37.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0713 ET 23June2009-News Corp's MySpace to cut two-thirds of work force
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MySpace, the social networking website owned by News Corp (NWSA.O), plans
to cut about two-thirds of its international work force and close at least four
of its offices outside the United States.

The proposed restructuring plan would apply to all international divisions
of MySpace, reducing its international staff to about 150 from 450.

Under the proposed plan, MySpace would place all existing offices in
Argentina, Brazil, Canada, France, India, Italy, Mexico, Russia, Sweden and
Spain under review for possible restructuring.

For details, see [ID:nBNG543813]

Shares of News Corp closed Monday at $9.05.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0707 ET 23June2009-Economic indicators for June 23
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Economic indicators on tap for Tuesday include weekly chain store sales
data from ICSC and Redbook and the weekly ABC consumer confidence index.
Monthly data includes April home price figures, existing home sales data for
May and June Richmond Fed data.

For details, see [ECI/US]

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0700 ET 23June2009-Earnings diary for June 23
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Companies scheduled to report quarterly results on Tuesday include Kroger
Co (KR.N), Jabil Circuit (JBL.N), Oracle (ORCL.O), Sonic Corp (SONC.O),
Commercial Metal (CMC.N), H.B. Fuller (FUL.N) and Steelcase (SCS.N).

For details, see [RESF/US]

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