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1705 ET 23June2009- U.S. earnings diary for June 24
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The day's earnings calendar includes quarterly results from Monsanto Co
(MON.N) and Bed Bath & Beyond Inc (BBBY.O).
For more please double click [RESF/US]
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1724 ET 23June2009- U.S. economic diary for June 24
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The day's economic agenda includes the Commerce Department's May durable
goods orders at 8:30 a.m. (1230 GMT) and new home sales for May at 10 a.m.
(1400 GMT).
For more please double click [ECI/US]
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1644 ET 23Jun2009-US STOCKS-S&P gains on bargain hunting, but Boeing hits Dow
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The S&P 500 rose on Tuesday as investors hunted for bargains a day after a
steep sell-off, but another delay for Boeing's 787 Dreamliner kept the Dow in
the red.
For more please double click [.N]
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1430 ET 23June2009-Barclays upgrades Estee Lauder to 'equal weight'
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Shares of Estee Lauder (EL.N) rose on Tuesday, after the cosmetics company
was upgraded to "equal weight" from "underweight" at Barclays Capital. The firm
forecast consistent organic sales trends, margin expansion and a more efficient
supply chain at the company over time.
"For the next several quarters, we think valuation will be driven not by
the company's current financial performance, but rather by expectations for a
gradual but meaningful operating improvement further out," it wrote.
For details, see [ID:nBNG496266]
The stock rose 3.1 percent to $31.55 while Avon Products Inc (AVP.N) slid
1.3 percent to $25.15 and Chattem Inc (CHTT.O) was off 1.7 percent to $64.66.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1425 ET 23June2009-Lab Corp to buy Monogram for $106.7 million
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Laboratory Corporation of America (LH.N) on Tuesday said it would buy
Monogram Biosciences Inc MGRM.O for about $106.7 million, or $4.55 per share
of Monogram.
The per-share offer price represents a premium of about 170 per cent over
the company's Monday closing price.
For details, see [ID:nN2319381]
Shares of Laboratory fell 1.1 percent to $64.97 while Monograms shares
soared 169 percent to $4.52.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net; Editing by
Kenneth Barry
1420 ET 23June2009-Justice Department not planning to drop UBS case
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The U.S. Justice Department on Tuesday said it wasn't planning to drop its
lawsuit seeking to force UBS AG (UBSN.VX) (UBS.N) to disclose thousands of the
Swiss bank's U.S. customers with secret accounts. The comment followed a report
in the New York Times that said the lawsuit might be dropped.
A department spokesman said there was "no basis" for the Times report.
"While the department is always willing to consider settlement in any case,
the suggestion that the department is planning to drop this suit is simply
untrue. The department is continuing with the case against UBS and will file
its brief asking the court to enforce the summons on June 30," spokesman
Charles Miller said. [ID:nWEN0881]
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1416 ET 23June2009-AT&T extends Alcatel deal, to sell Motorola phone
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AT&T Inc (T.N) on Tuesday said it extended a network equipment supply
agreement with Alcatel-Lucent (ALUA.PA) and that it would soon start selling a
cell phone from Motorola Inc (MOT.N).
The communications giant will start selling Motorola's Karma phone on June
28 for $79.99. The device is based on a proprietary operating system from
Motorola, which is struggling to regain share in the cellphone market after
years of criticism of its phone line-up.
For details, see [ID:nN23469928]
Shares of AT&T, a Dow component, rose nearly 2 percent to $24.62 on Tuesday
while U.S.-listed shares of Motorola gained 3.5 percent to $6.24.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
