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0725 ET 25June2009-Jefferies rallies after strong results
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Shares of Jefferies Group (JEF.N) rallied in premarket trading on Thursday,
a day after the company reported second-quarter results that beat expectations.
The investment bank also gave a outlook that was above consensus.
[ID:nN24218535]
Also on Thursday, Jefferies filed a registration statement for a mixed
shelf of an unspecified amount. [ID:nWNAB2082]
Shares of Jefferies rose 13.4 percent to $23.20 in premarket trading on
light volume.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0717 ET 25June2009-AIG to give stakes in unit to NY Fed
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American International Group (AIG.N) said it will give the New York Fed
preferred stakes in its American Life Insurance Co (ALICO) unit and its Hong
Kong-based life insurance group American International Assurance Co (AIA), in a
deal to reduce its debt load by $25 billion.
The agreement will position both of the prized units for possible initial
public offerings, it said.
In the deal, the Federal Reserve will have interests of $16 billion in AIA
and $9 billion in ALICO, which generates more than half its revenue from Japan.
For details, see [ID:nBNG10270]
Shares of AIG rose 3 cents to $1.45 in premarket trading.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0712 ET 25June2009-Futures flat ahead of data
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U.S. index futures were flat on Thursday, ahead of the release of data on
jobless claims and economic growth.
For details, see [ID:nN25253178]
Dow Jones industrial average futures DJc1 slid 2 points while S&P 500
futures SPc1 gained 0.5 points and Nasdaq 100 futures NDc1 were down 2.5
points.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0706 ET 25June2009-Economic indicators for June 25
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Economic indicators on tap for Thursday include first-quarter PCE and
corporate profits data, final first-quarter GDP and GDP sales data, June Kansas
City manufacturing data and weekly jobless claims data.
For details, see [ECI/US]
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0659 ET 25June2009-Earnings diary for June 25
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Companies scheduled to report quarterly results on Thursday include Micron
Tech (MU.N), ConAgra Foods (CAG.N), among others.
McCormick & Co (MKC.N) reported second-quater results and reaffirmed its
profit outlook, Lennar Corp (LEN.N) reported a wider-than-expected loss earlier
on Thursday.
For details, see [RESF/US]
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
