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0740 ET 25June2009-China accuses Google of spreading vulgar content
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China's Foreign Ministry on Thursday accused Google's (GOOG.O) English
language search engine of spreading vulgar content that violated the nation's
law.
Chinese Foreign Ministry spokesman Qin Gang did not directly answer a
question about whether government action was responsible for recent disruptions
in access to Google sites from within China.
Gang described the content as "lascivious and pornographic, seriously
violating China's relevant laws and regulations."
For details, see [ID:nPEK180004]
Shares of Google closed Wednesday at $409.29.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0733 ET 25June2009-Goldman Sachs upgrades Deere to neutral
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Shares of Deere & Co (DE.N) rose in premarket trading on Thursday, after
the company was upgraded to neutral by Goldman Sachs and removed from their
Americas sell list. The firm cited a recent sell-off in the share price, which
it wrote gave it 8 percent upside to its $42 price target.
"We have become more bullish on a recovery in commodity prices, but still
prefer mining equipment stocks Bucyrus (BUCY.O) and Joy Global (JOYG.O) given
higher intensity of demand and more consolidated supply."
Shares of Deere rose 1.4 percent to $40.56 in premarket trading.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
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
