STOCKS NEWS US-Apple's Steve Jobs has "excellent prognosis"

Wed Jun 24, 2009 7:37am EDT
 
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0734 ET 24June2009-Apple's Steve Jobs has "excellent prognosis"
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 Steve Jobs, the chief executive officer of Apple Inc (AAPL.O), has an
"excellent prognosis" following a recent liver transplant operation, according
to the hospital that performed the procedure.
 The hospital did not release details of Job's condition or when the
operation was performed, but the Wall Street Journal reported over the weekend
that the transplant took place about two months ago.
 For details, see [ID:nN2382309]
 Shares of Apple rose 0.5 percent to $134.65 in premarket trading.
 Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
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

 

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