Stocks on the move [HOT-RTRS]
Real-time Equity news [U][E] [RESF/US]
For U.S. stock market report double-click [.N]
1125 ET 08June2009-GM CEO: bankruptcy process moving quickly
------------------------------------------------------------------------------
Fritz Henderson, the chief executive officer of bankrupt automaker General
Motors GMGMQ.PK, on Monday told reporters that the company's bankruptcy
process was moving quickly.
He added that the company expects to provide an update on its dealer
consolidation plan this week.
For details, see [ID:nWEN0167]
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1115 ET 08June2009-NPS Pharma rises after Goldman upgrade
------------------------------------------------------------------------------
Shares of NPS Pharmaceuticals (NPSP.O) rose on Monday, after Goldman Sachs
upgraded the company to neutral from sell on valuation.
The firm said its previous rating on the company was based on relatively
small markets related to the biopharmaceutical company's drug candidates and
lack of catalysts in the next 12 months.
For details, see [ID:nBNG498853]
Shares rose 7.8 percent to $3.86.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1108 ET 08June2009-Markets extend losses as McDonald's weighs
------------------------------------------------------------------------------
Major U.S. indexes extended their losses on Monday, after McDonald's
(MCD.N) said its second-quarter profit could be hurt by currency swings.
For details, see [ID:nN08321918]
The Dow Jones industrial average .DJI fell 1.1 percent to 8,667.53 while
the S&P 500 .SPX lost 1 percent to 930.89 and the Nasdaq .IXIC was off 1.4
percent to 1,823.98.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1055 ET 08June2009 Uncertainty drives up Apple options volume
------------------------------------------------------------------------------
Apple Inc (AAPL.O) shares fell more than 2 percent to $141.45 in late
morning trade. Its June options are drawing increasing volume in puts and calls
on Monday, the day of the company's annual developer conference, said
WhatsTrading.com option strategist Frederic Ruffy. In all, about 33,000 puts
and 45,000 calls changed hands, according to Trade Alert. A surprise appearance
by ailing Chief Executive Steve Jobs at the conference could lift the stock,
but his absence might trigger a bigger move in the other direction. Among the
most actives are the June $150 calls and the June $145 puts with a combined
total volume of more than than 12,000 contracts. Apple's stock is historically
volatile during the company's June conference. It dropped about 7 percent over
the course of conference in 2008 and about 4 percent in 2007.
Reuters Messaging: doris.frankel.reuters.com@reuters.net
1041 ET 08June2009-Supreme Court won't hear appeal for ex-Tyco CEO
------------------------------------------------------------------------------
The U.S. Supreme Court on Monday said it wouldn't hear an appeal by Dennis
Kozlowski and Mark Swartz, former top executives of Tyco International (TYC.N).
Without comment the justices refused to review a ruling by the New York State
Court of Appeals that upheld the convictions of the former Chief Executive
Kozlowski and Swartz.
The appeal would have related to convictions for fraud and other crimes.
In 2005, Kozlowski and Swartz were found guilty of securities fraud,
conspiracy, grand larceny and falsifying business records. Prosecutors said
Kozlowski and Swartz stole more than $150 million from Tyco.
For details, see [ID:nN08321395]
Shares of Tyco fell 1.3 percent to $27.49 on Monday.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1026 ET 08June2009-Scotts Miracle-Gro climbs after upgrade
------------------------------------------------------------------------------
Scotts Miracle-Gro Co (SMG.N) shares rose on Monday after BMO Capital
Markets boosted its rating and price target on the stock based on an improving
fundamental picture.
The firm raised its rating on the lawn and garden products maker to
"outperform" from "market perform" and lifted its price target to $42 from
$34.
BMO also boosted its earnings estimate for 2009 by 8 cents based on
encouraging sales trends and its 2010 estimate by 20 cents on the expectation
that lower variable compensation will be fully reflected while lower commodity
costs will be realized.
Shares rose 3.2 percent to $35.34.
Reuters Messaging:rm://Charles.mikolajczak.reuters.com@reuters.net
