STOCKS NEWS US-USAF request for F-22s delays Lockheed shutdown

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U.S. stock market report [.N] 0732 ET 27Feb2009-USAF request for F-22s delays Lockheed shutdown ------------------------------------------------------------------------------

Air Force Chief of Staff Gen. Norton Schwartz late Thursday said he had put forward a new request for F-22 fighter jets, an order that would postpone the shutdown of Lockheed Martin's (LMT.N) production line, which would otherwise have been imminent. Details of the request were not provided. [ID:nSP421645]

Shares of Lockheed Martin closed Thursday at $68.93.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0728 ET 27Feb2009-Futures drop after Citigroup news ------------------------------------------------------------------------------

U.S. index futures fell on Friday, hitting session lows following the news that the U.S. government was taking a large common equity stake in Citigroup (C.N). Also weighing on the market was the upcoming release of economic data, which could show that the U.S. economy contracted more than initially thought in the fourth quarter. [ID:nN27465485]

Dow Jones industrial average futures DJc1 fell 98 points while S&P 500 futures SPc1 slid 8.4 points and Nasdaq 100 futures NDc1 were down 13.25 points.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0722 ET 27Feb2009-Crude oil falls after three days of gains ------------------------------------------------------------------------------

April crude futures fell on Friday, following three days of gains that came on OPEC output cuts and a bounce in demand for gasoline in the United States. The commodity looks to end February 5 percent from January. [ID:nSIN461583]

The contract slid 2.9 percent to $43.90 per barrel.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0717 ET 27Feb2009-GM's Opel unit may cut jobs in restructuring ------------------------------------------------------------------------------

The management at General Motors's GM.N Opel subsidiary in Germany will present its supervisory board with a restructuring plan on Friday, in an attempt to combat the impact of the worst market in decades. The plan is expected to cost thousands of jobs and possibly the closure of one or more plants.

The restructuring comes as Opel is looking for the state to guarantee $3.3 billion in loans. [ID:nLR351268]

Shares of GM, a Dow component, closed Thursday at $2.38.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0702 ET 27Feb2009-Govt to hold common equity stake in Citi: source ------------------------------------------------------------------------------

The U.S. government will commit to holding a common equity stake of 30 to 40 percent in Citigroup (C.N), a source familiar with the matter said on Friday. The deal will result in the replacement of most of the company's board, the source said.