STOCKS NEWS US-Economy showing signs of stabilizing: Obama

Stocks on the move [HOT-RTRS] Real-time Equity news [U E] [RESF/US]

U.S. stock market report [.N]
0722 ET 27May2009-Economy showing signs of stabilizing: Obama
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U.S. President Barack Obama late Wednesday said that the economy was
showing signs of stabilizing after suffering the worst economic crisis in
decades.

"I think it's safe to say we have stepped back from the brink, that there
is some calm that didn't exist before," Obama said at a fund-raiser for the
Democratic National Committee.

For details, see [ID:nN27287318]

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0719 ET 27May2009-Oil edges higher after OPEC decision
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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
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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
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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
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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
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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