STOCKS NEWS US-AIG plans to sell unit facing hurdles: NY Post

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0727 ET 24June2009-AIG plans to sell unit facing hurdles: NY
Post
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American International Group Inc's (AIG.N) plans to sell
its broker-dealer business, AIG Advisor Group, are facing
hurdles, the New York Post said.

Division CEO Arthur Tambaro in April said that AIG was in
final discussions with a potential buyer, the paper said. But
two months later, no deal has been struck.

Two sources told the paper that mutual-fund company
Fidelity Investments considered providing financing for an
unnamed bidder, but backed out. Fidelity declined to comment to
the paper.

For details, see [ID:nBNG475569]

Shares of AIG rose 2 cents to $1.43 in premarket trading.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0720 ET 24June2009-Barclays upgrades EMC to overweight
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Barclays Capital on Wednesday upgraded EMC Corp (EMC.N) to
overweight from equal weight, saying the company's business is
currently stabilizing into a new product cycle and that sales
and gross margins could accelerate through 2010.

"Long term, we believe the company is well-positioned to
benefit from utilization era trends including cloud computing
and server virtualization," the firm wrote, lifting its price
target on the stock to $16 from $12.

For details, see [ID:nBNG469159]

Shares of EMC rose 1.8 percent to $12.81 in premarket
trading.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0716 ET 24June2009-Futures up ahead of Fed statement, data
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U.S. index futures rose on Wednesday, with the Federal
Reserve expected to say it will not raise interest rates for
some time. Investors are also looking for a report on durable
goods and new home sales.

For details, see [ID:nN24141152]

Dow Jones industrial average futures DJc1 rose 38 points
while S&P 500 futures SPc1 gained 4.6 points and Nasdaq 100
futures NDc1 were up 4 points.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0707 ET 24June2009-Economic indicators for June 24
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Economic indicators on tap for Tuesday include May durable
goods and new home sales data, building permits figures for May
and the FOMC rate decision.

Earlier the MBA reported that U.S. mortgage applications
climbed last week from a seven-month low, adding to emerging
signs that the three-year housing market collapse may be
abating.[ID:nNYS005166]

For details, see [ECI/US]

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0658 ET 24June2009-Earnings diary for June 24
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Companies scheduled to report quarterly results on
Wednesday include: Bed Bath & Beyond (BBBY.O), Monsanto Co
(MON.N), Nike (NKE.N), Paychex (PAYX.O) and Lennar Corp
(LEN.N).

For details, see [RESF/US]

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