STOCKS NEWS US-LKQ advances after Raymond James upgrade

Stocks on the move [HOT-RTRS] Real-Time Equity news [U E]

U.S. stock market report [.N] 1155 ET 27Feb2009-LKQ advances after Raymond James upgrade ------------------------------------------------------------------------------

Shares of LKQ Corp (LKQX.O) advanced on Friday, after the company was upgraded to outperform at Raymond James, which said the automotive parts recycler could "conceivably meet or beat guidance." It also said that the bulk of issues faced by the company were over.

LKQ on Thursday reported fourth-quarter results that missed expectations because of "massive steel price deflation," Raymond James wrote, adding that this had been factored into the results and now "represents the eliminating of a major overhang." [ID:nBNG475130]

The stock rose 11.6 percent to $13.38.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 1138 ET 27Feb2009-Amicus Therapeutics drops after trial hold ------------------------------------------------------------------------------

Amicus Therapeutics (FOLD.O) tumbled on Friday after the company said a clinical hold had been placed on a mid-stage trial of its experimental treatment for a rare muscle disorder after two patients experienced serious adverse events.

Shares plunged over 30 percent to $6.61.

The decline comes a day after healthcare and drug companies fell on worries that President Barack Obama's budget proposal will curtail profits at the companies as he attempts to rein in healthcare costs.

The Amex Biotechnology index .BTK fell 2.4 percent on Friday. (Reuters Messaging:rm://Charles.mikolajczak.reuters.com@reuters.net) 1127 ET 27Feb2009-FDIC approves one-time bank fee ------------------------------------------------------------------------------

The U.S. Federal Deposit Insurance Corp on Friday approved a one-time special fee of 20 basis points in the third quarter for FDIC-insured banks.

The FDIC also OKed an increased regular assessment schedule that is slated to start in the second quarter, as well as the ability to impose quarterly fees of 10 basis points in emergency situations. [ID:nWEN5289]

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 1111 ET 27Feb2009-Midwest business less weak than expected in Feb ------------------------------------------------------------------------------

Business activity in the U.S. Midwest contracted in February, but at a less severe rate than analysts were expecting as production inched up, according to a report from the Institute for Supply Management-Chicago.

The barometer rose to 34.2 from 33.3 in January. The analyst expectation was for a reading at 33.

While the index rose from the prior month, any reading below 50 represents contraction in the regional economy. [ID:nNAT004778]