Stocks on the move [HOT-RTRS]
Real-time Equity news [U E] [RESF/US]
U.S. stock market report [.N]
1012 ET 16Oct2009-Oct consumer sentiment unexpectedly falls:
survey
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U.S. consumer sentiment unexpectedly fell in October on
concerns that the "dismal" state of personal finances wouldn't
recover quickly from the recession, a report showed on Friday.
The Reuters/University of Michigan Surveys of Consumers
said its preliminary index of sentiment for October fell to
69.4, from September's 73.5. That was below economists' median
expectation of a steady reading of 73.5, according to a Reuters
poll.
For details, see [ID:nN16349157]
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0955 ET 16Oct2009 Bulls may rule October expiration-analyst
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Friday marks the monthly expiration of October options, an
event which may have a positive bias. Expiration related
activity only affects the broad market if there is a
preponderance of expiring in-the-money index open interest one
way or the other.
"This month, nearly all index calls are in-the-money, and
very few index puts are in-the-money," wrote Larry McMillan,
president of McMillan Analysis Corp in an Oct. 15 note to
clients. Thus, calls dominate, and that has bullish
implications.
If the open interest levels hold up -- if the contracts
outstanding are not rolled forward nor exercised -- there
should be bullish bias to expiration, he said.
McMillan said monitoring options on the Nasdaq 100 .NDX
is useful because they are American Style exercise and thus can
be exercised early. If the the OEX is above 505 as Friday's
trading comes to a close, buy programs should be large enough
to influence the market, he added.
Reuters Messaging: doris.frankel.reuters.com@reuters.net
0949 ET 16Oct2009-GE CEO says evaluating options for NBC unit
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Jeff Immelt, the chief executive of General Electric Co
(GE.N), is considering several scenarios for the future of NBC
Universal if its minority partner Vivendi SA (VIV.PA) chooses
to sell its 20 percent stake.
The Dow component is considering the possibility of
spinning off the media arm through an initial public offering
or taking on another partner, Immelt said on a conference
call.
For details, see [ID:nN16347312]
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0936 ET 16Oct2009-Markets open lower after GE, BofA results
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U.S. stocks fell at the open on Friday, with the Dow
industrials and the S&P 500 index falling more than 1 percent,
after disappointing quarterly results from blue-chips General
Electric Co (GE.N) and Bank of America Corp (BAC.N).
The Dow Jones industrial average .DJI dropped 103.91
points, or 1.03 percent, to 9,959.03. The Standard & Poor's 500
Index .SPX fell 9.33 points, or 0.85 percent, to 1,087.23.
The Nasdaq Composite Index .IXIC lost 14.13 points, or 0.65
percent, to 2,159.16.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0927 ET 16Oct2009-Industrial output up 0.7 pct in September
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U.S. industrial output rose 0.7 percent in September,
rising for the third straight month, according to Federal
Reserve data released on Friday.
Analysts polled by Reuters had expected an increase of 0.2
percent.
For details, see [ID:nN16344521]
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0910 ET 16Oct2009-URS to service National Energy Tech Lab
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URS Corp (URS.N) on Friday said it has been awarded a
contract to provide research and engineering services to the
National Energy Technology Laboratory.
The contract includes a two-year base period and options
that would extend it for an additional three years and is worth
$322 million over the full five years, the company said.
For details, see [ID:nN16344627]
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
