Stocks on the move
Real-time Equity news
U.S. stock market report
1055 EST 02Nov2009
Clorox shares up as flu fears boost profit
Shares in Clorox Co rose 1 percent to $59.81 as strong sales of disinfecting products spurred by the H1N1 flu pandemic helped the household products company post a bigger-than-expected quarterly profit.
The Dow Jones non-durable household products index rose 0.8 percent. For more on this story, see
Reuters Messaging:rm://Edward.Krudy.reuters.com@reuters.net
1041 EST 02Nov2009
Morgan Stanley upgrades Cooper Industries
Shares of Cooper Industries Ltd rose on Monday, after Morgan Stanley upgraded the stock to 'overweight,' expecting it to grow through acquisitions.
'Cooper is well positioned to participate more aggressively in transactions,' the firm wrote to clients.
For details, see
Cooper shares gained 1.1 percent to $39.13.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1032 EST 02Nov2009
CIT shares tumble after trading resumed
Shares in CIT Group fell 64 percent to 26 cents on Monday shortly after trading in the lender's stock resumed on the New York Stock Exchange.
CIT's shares were suspended after the lender filed for bankruptcy on Sunday. NYSE says it will suspend the shares prior to the market open on Tuesday.
Reuters Messaging:rm://Edward.Krudy.reuters.com@reuters.net
1019 EST 02Nov2009
Markets rise after home sales, ISM data
U.S. stocks rose on Monday, with the Nasdaq turning positive following the release of some data that was better than expected.
According to the National Association of Realtors, pending home sales rose 6.1 percent in September, compared with the expectation for flat sales in the month.
In addition, the Institute for Supply Management said its index of national factory activity rose to 55.7 in October, above the expectation for a reading of 53.
The Dow Jones industrial average rose 1.3 percent to 9,832.25 while the S&P 500 gained 1.3 percent to 1,048.69 and the Nasdaq was up 0.6 percent to 2,058.82.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0957 EST 02Nov2009
Starwood cuts annual dividend by 78 percent
Starwood Hotels & Resorts Worldwide Inc on Monday cut its annual cash dividend by 78 percent, lowering it to 20 cents from 90 cents.
When the company reported its third-quarter results recently, it indicated that it saw a slower recovery for the hotel industry.
For details, see
Shares of the company fell 2.6 percent to $28.31.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0922 EST 02Nov2009
Dendreon shares rise, files for cancer vaccine
Shares of Dendreon Corp rose in premarket trading on Monday, after the company said it had completed the U.S. regulatory submission for its experimental prostate cancer vaccine.
The company expects regulators to respond by mid-2010.
For details, see
The stock rose 4.7 percent to $26.45 in premarket trading.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0917 EST 02Nov2009
Royal Caribbean shares rise after upgrade
Shares of Royal Caribbean Cruises Ltd rose in premarket trading on Monday, after Wells Fargo Securities upgraded the stock to 'outperform' from 'market perform.' The firm cited the benefits of Royal Caribbean's newer ships, as well as cost-saving measures that are already in place at the company.
For details, see
The stock was up 2.7 percent to $20.77 before the bell.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net Keywords: MARKETS STOCKSNEWS
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Real-time Equity news
U.S. stock market report
1055 EST 02Nov2009
Clorox shares up as flu fears boost profit
Shares in Clorox Co rose 1 percent to $59.81 as strong sales of disinfecting products spurred by the H1N1 flu pandemic helped the household products company post a bigger-than-expected quarterly profit.
The Dow Jones non-durable household products index rose 0.8 percent. For more on this story, see
Reuters Messaging:rm://Edward.Krudy.reuters.com@reuters.net
1041 EST 02Nov2009
Morgan Stanley upgrades Cooper Industries
Shares of Cooper Industries Ltd rose on Monday, after Morgan Stanley upgraded the stock to 'overweight,' expecting it to grow through acquisitions.
'Cooper is well positioned to participate more aggressively in transactions,' the firm wrote to clients.
For details, see
Cooper shares gained 1.1 percent to $39.13.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1032 EST 02Nov2009
CIT shares tumble after trading resumed
Shares in CIT Group fell 64 percent to 26 cents on Monday shortly after trading in the lender's stock resumed on the New York Stock Exchange.
CIT's shares were suspended after the lender filed for bankruptcy on Sunday. NYSE says it will suspend the shares prior to the market open on Tuesday.
Reuters Messaging:rm://Edward.Krudy.reuters.com@reuters.net
1019 EST 02Nov2009
Markets rise after home sales, ISM data
U.S. stocks rose on Monday, with the Nasdaq turning positive following the release of some data that was better than expected.
According to the National Association of Realtors, pending home sales rose 6.1 percent in September, compared with the expectation for flat sales in the month.
In addition, the Institute for Supply Management said its index of national factory activity rose to 55.7 in October, above the expectation for a reading of 53.
The Dow Jones industrial average rose 1.3 percent to 9,832.25 while the S&P 500 gained 1.3 percent to 1,048.69 and the Nasdaq was up 0.6 percent to 2,058.82.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0957 EST 02Nov2009
Starwood cuts annual dividend by 78 percent
Starwood Hotels & Resorts Worldwide Inc on Monday cut its annual cash dividend by 78 percent, lowering it to 20 cents from 90 cents.
When the company reported its third-quarter results recently, it indicated that it saw a slower recovery for the hotel industry.
For details, see
Shares of the company fell 2.6 percent to $28.31.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0922 EST 02Nov2009
Dendreon shares rise, files for cancer vaccine
Shares of Dendreon Corp rose in premarket trading on Monday, after the company said it had completed the U.S. regulatory submission for its experimental prostate cancer vaccine.
The company expects regulators to respond by mid-2010.
For details, see
The stock rose 4.7 percent to $26.45 in premarket trading.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0917 EST 02Nov2009
Royal Caribbean shares rise after upgrade
Shares of Royal Caribbean Cruises Ltd rose in premarket trading on Monday, after Wells Fargo Securities upgraded the stock to 'outperform' from 'market perform.' The firm cited the benefits of Royal Caribbean's newer ships, as well as cost-saving measures that are already in place at the company.
For details, see
The stock was up 2.7 percent to $20.77 before the bell.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net Keywords: MARKETS STOCKSNEWS
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.