Stocks on the move [HOT-RTRS] Real-time Equity news [U E] [RESF/US]
U.S. stock market report [.N]
1024 ET 12Jan2009-Citi falls, Morgan Stanley up on deal news
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Citigroup (C.N) shares fell 7.7 percent to $6.23 and Morgan Stanley (MS.N)
gained 5.3 percent to $20.06 following news that Citigroup moved close to a
deal to join its Smith Barney business with Morgan Stanley's brokerage
operation. [ID:nLC198932]
Morgan Stanley was the leading percentage gainer in the S&P financial index
.GSPF, which was down 2.2 percent.
Reuters Messaging: rodrigo.campos.reuters.com@reuters.net
1007 ET 12Jan2009-Mindray Medical jumps after outlook
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Shares of Mindray Medical (MR.N) jumped on Monday after the company
forecast 2008 earnings per share of no less than $1.16 on revenue between $540
to $550 million. Current Wall Street estimates are for $1.15 a share and
$553.15 million in revenue. Shares of the medical device maker surged over 12
percent to $19.90.
Reuters Messaging:rm://Charles.mikolajczak.reuters.com@reuters.net
1001 ET 12Jan2009-Markets extend losses ahead of Q4 results
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Major U.S. markets extended their losses on Monday, as investors bet that
the upcoming fourth-quarter earnings season would show the recession deepening.
Alcoa Inc (AA.N), which is scheduled to report after the bell on Monday, slid
6.3 percent to $10.13 and was one of the top drags on the Dow. [ID:nN12329963]
The Dow Jones industrial average .DJI fell 0.7 percent to 8,541.59 while
the S&P 500 .SPX slid 1 percent to 881.66 and the Nasdaq .IXIC was down 0.7
percent to 1,560.83.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0955 ET 12Jan2009-Satyam ADRs plunge 90 pct after resuming trade on NYSE
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Satyam Computer Services Ltd (SATY.BO) (SAY.N) plunged nearly 90 percent on
Monday after it resumed trading for the first time since the chairman resigned
Wednesday, saying the company's profits were inflated in recent years.
Overseas shares of India's 4th-biggest software services exporter traded on
the New York Stock Exchange fell to $1.03. The incident rattled confidence in
emerging markets and engendered concerns about fraud for private equity deals
in Asia.
For details, see [ID:nWEN2520]
Reuters Messaging: deepa.seetharaman.reuters.com@reuters.net
0950 ET 12Jan2009-Wal-Mart CEO sees no signs of U.S. economy turning
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The chief executive officer of discount retailer Wal-Mart Stores Inc
(WMT.N), Lee Scott, said on Monday he sees no sign that the U.S. economy will
turn around soon and also expects the first half of 2009 to be challenging.
Scott, who will step down as CEO in February, said he expects the second
half of the year to be better.
Wal-Mart shares rose 0.4 percent to $51.80 in early trading.
Reuters Messaging: rodrigo.campos.reuters.com@reuters.net
