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0726 ET 11June2009-FDIC trying to ease tensions with Citi: FT
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The Federal Deposit Insurance Corp (FDIC) is trying to ease its tensions
with Citigroup Inc (C.N), after the regulator pushed to replace Vikram Pandit,
the bank's CEO, according to a report in the Financial Times.
FDIC Chairman Sheila Bair addressed Citigroup's board on Tuesday and called
for an end to the "squabbling" between the two sides, reminding the bank that
the FDIC was carrying out its normal regulatory duties, the paper wrote.
For details, see [ID:nBNG192322]
Shares of Citi rose 3.2 percent to $3.52 in premarket trading.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0718 ET 11June2009-JPMorgan raises targets on Goldman, M. Stanley
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JPMorgan on Wednesday raised its price target on both Goldman Sachs (GS.N)
and Morgan Stanley (MS.N), saying fixed income would be a big earnings driver
in 2009 and 2010.
"Besides our fixed income over equities preference, we seek gearing to
private banking with limited credit risk," the firm wrote.
Goldman's target was lifted to $150 from $120 while Morgan Stanley's was
raised to $33 from $28.
JPMorgan also upgraded Deutsche Bank (DB.N) (DBKGn.DE) to neutral from
underweight.
For details, see [ID:nBNG431048]
Shares of Goldman rose 1.4 percent to $151.44 in premarket trading while
Morgan Stanley closed Tuesday at $30.98. U.S.-listed shares of Deutsche Bank
rose 2.8 percent to $67.54 before the bell.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0714 ET 11June2009-Disney CFO sees some signs of stabilization
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Tom Staggs, the chief financial officer of Walt Disney Co (DIS.N), late
Tuesday said it was seeing "continued signs of stability in the marketplace,"
though consumers and ad buyers were still "cautious."
"We think that will continue for some time," Staggs told Credit Suisse's
Global Media and Communications Convergence Conference.
For details, see [ID:nN09407749]
Shares of the Dow component closed Tuesday at $25.33.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0701 ET 11June2009-Economic indicators for June 10
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Economic indicators on tap for Wednesday include weekly MBA purchase data
and mortgage market data, weekly refinancing data, April international trade
figures and May data on the federal budget.
For details, see [ECI/US]
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0655 ET 11June2009-Earnings diary for June 10
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Companies scheduled to report quarterly results on Wednesday include
Brown-Forman Corp (BFb.N), Hooker Furniture Corp (HOFT.O), Volt Information
Sciences Inc (VOL.N), Luby's Inc (LUB.N) and Isle of Capri Casinos Inc
(ISLE.O), among others.
For details, see [RESF/US]
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
(Editing by Jeffrey Benkoe)
