Stocks on the move [HOT-RTRS] Real-time Equity news [U E] [RESF/US]
U.S. stock market report [.N]
0841 ET 14May2009-Jobless claims rise on auto layoffs
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The number of U.S. workers filing new claims for jobless benefits rose more
than expected last week, government data showed on Thursday, pushed up by auto
plant shutdowns related to Chrysler's bankruptcy.
Initial claims for state unemployment insurance benefits increased 32,000
to a seasonally adjusted 637,000 in the week ended May 9. Analysts polled by
Reuters had forecast new claims rising to 610,000.
For details, see [ID:nN13539913]
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0836 ET 14May2009-Producer prices up 0.3 percent in April
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U.S. producer prices rose faster than expected in April, government data
showed on Thursday, driven by a surge in food costs.
The Labor Department said the Producer Price Index climbed 0.3 percent. The
analyst consensus was for a rise of 0.1 percent.
For details, see [ID:nN13413299]
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0829 ET 14May2009-GFT sees higher open for the market
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GFT on Thursday forecast a higher open for the U.S. markets, arguing that
"despite yesterday's retail sales shock providing the impetus for some timely
profit-taking, the current trend remains to the upside."
It also wrote that investors "can expect a mild bounce-back today, with
hopes that Wal-Mart's (WMT.N) earnings will provide the silver lining to the
retail sector story."
"A positive PPI figure is also the call and this may help ease deflation
rick concerns, reinforcing the current optimistic tone," it added.
The firm expects the Dow to open up 23 points while the S&P 500 opens up 1
point.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0819 ET 14May2009-S&P futures pare losses, nearly turn flat
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Stock index futures for the S&P 500 pared losses and nearly turned flat on
Thursday, ahead of the release of key producer price and jobless claims data,
also after Wal-Mart Stores (WMT.N) reported first-quarter results that were in
line with expectations.
For details, see [ID:nN14466790]
Dow Jones industrial average futures DJc1 fell 43 points while S&P 500
futures SPc1 slid 3 points, while Nasdaq 100 futures NDc1 were up 2.75
points.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0811 ET 14May2009-Medicines pulls plug on anticlotting trial
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Medicines Co (MDCO.O) late Wednesday pulled the plug on the development of
an experimental treatment to prevent blood clotting during angioplasty. The
company said the drug wasn't expected to meet its main trial goal.
For details, see [ID:nBNG412444]
Shares of the company, the biggest percentage loser on Nasdaq Wednesday,
closed down 37 percent at $7.02. They hit a more than seven-year low of $6.15
earlier in the day.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0802 ET 14May2009-Lehman may spin off remaining assets: WSJ
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Lehman Brothers Holdings (LEHMQ.PK) is looking at spinning off its
remaining assets, according to a report in the Wall Street Journal that didn't
cite any sources.
The assets include real-estate and private-equity holdings, the paper said,
adding that the company is looking at investors who are willing to bet the
assets will rise in value as the U.S. economy recovers.
Internal Lehman calculations have pegged the fair-market value of the
assets at about $45 billion, according to the paper.
For details, see [ID:nBNG124657]
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
