STOCKS NEWS US-Oil edges higher after OPEC decision
Stocks on the move [HOT-RTRS] Real-time Equity news [U E] [RESF/US]
U.S. stock market report [.N] 0719 ET 27May2009-Oil edges higher after OPEC decision ------------------------------------------------------------------------------
July crude futures edged higher on Thursday, after OPEC ministers opted to leave the group's oil output untouched at 24.85 million barrels per day.
For details, see [ID:nSYD113600]
The contracted rose 0.7 percent to $63.85 per barrel.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0703 ET 27May2009-P&G CEO may provide cautious outlook: WSJ ------------------------------------------------------------------------------
A.G. Lafley, the chief executive of Procter & Gamble
Co(PG.N), is expected to provide a cautious outlook for the
consumer products company's coming fiscal year in a
presentation to investors, the Wall Street Journal reported on
its website.
Lafley is also likely to weigh in on possible price cuts, after several quarters of price increases by the company, the paper said, citing a person familiar with the matter.
For details, see [ID:nBNG400175]
Shares of the Dow component closed Wednesday at $51.78.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0658 ET 27May2009-Visteon files for Chapter 11 ------------------------------------------------------------------------------
Auto parts makers Visteon Corp (VSTN.PK) and Metaldyne Corp both filed for Chapter 11 bankruptcy protection for their U.S. operations, as the auto industry continued to be pressured by the recession and a possible bankruptcy filing at General Motors Corp (GM.N).
Both Visteon, which Ford Motor Co (F.N) spun off in 2000, and Metaldyne Corp, a unit of Japan's Asahi Tec Corp (5606.T), said on Thursday that the bankruptcy filings do not include their non-U.S. entities or operations.
For details, see [ID:nLS306445]
Shares of Ford slipped 1 cent to $5.33 in premarket trading.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0655 ET 27May2009-Economic indicators for May 28 ------------------------------------------------------------------------------
Economic indicators on tap for Thursday include April durable goods data, weekly jobless claims, new home sales data for April, Kansas City Fed manufacturing figures for May and April Midwest manufacturing data.
For details, see [ECI/US]
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0650 ET 28May2009-Earnings diary for May 28 ------------------------------------------------------------------------------
Companies scheduled to report quarterly results on Thursday include: Big Lots Inc (BIG.N), Dell Inc (DELL.O), Novell Inc(NOVL.O), and H.J. Heinz Co(HNZ.N). Costco Wholesale Corp (COST.O) said third-quarter net profit fell 29 percent.
For details, see [RESF/US]
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
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