Stocks on the move
Real-time Equity news
U.S. stock market report
0952 EST 15Dec2009
Wells Fargo sells $10.65 bln shares to exit TARP
Wells Fargo & Co sold $10.65 billion in stock on Tuesday, raising funds to help repay a $25 billion bailout received from the U.S. government last year.
The shares sold at $25 each, about 2 percent below Wells Fargo's closing share price of $25.49 on Monday.
For details, see
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0946 EST 15Dec2009
Array surges on partnership with Amgen
Shares of Array BioPharma Inc surged on Tuesday, a day after the company inked a partnership deal with Amgen Inc. The partnership is for the development and marketing of its Type 2 diabetes drug.
For details, see
Array shares advanced 23.6 percent to $2.78 while Amgen was down 1.1 percent to $56.27.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0938 EST 15Dec2009
Markets open lower on inflation concerns
Wall Street fell at the open on Tuesday on news that producer prices rose more than expected, igniting fears of inflationary pressures, and a gauge of manufacturing activity in New York state unexpectedly plunged in December.
The Dow Jones Industrial average was down 35.14 points, or 0.33 percent, at 10,465.91. The Standard & Poor's 500 Index fell 4.78 points, or 0.43 percent, at 1,109.33. The Nasdaq Composite Index dropped 8.38 points, or 0.38 percent, at 2,203.72.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0923 EST 15Dec2009
Crude oil rises, ending long slide
January crude futures rose on Tuesday, following nine straight days of declines, as markets look to storage data and dollar movements for further directions. The nine-day fall was the longest continuous decline in eight years. For details, see
The contract was up 0.9 percent to $70.13 per barrel.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0920 EST 15Dec2009
Industrial production rises 0.8 pct in November
U.S. industrial output rose firmly in November as the manufacturing sector extended a recovery that economists hope will help turn around the ailing labor market.
Production climbed 0.8 percent, the Federal Reserve said on Tuesday, well above forecasts for a 0.5 percent gain. The strides were powered in part by the automotive sector, and came despite a sharp drop in utility output.
For details, see
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0912 EST 15Dec2009-BofA
Merrill upgrades three U.S. REITs
Bank of America-Merill Lynch on Tuesday raised its rating on U.S. real estate investment trusts AvalonBay Communities Inc and Senior Housing Properties Trust to 'buy,' citing their attractive operating markets and strong acquisition strategies.
Separately, the firm also lifted its rating on Equity LifeStyle Properties to 'neutral,' and said the lifestyle property-focused REIT's revenue streams were more stable than previously anticipated.
For details, see
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0855 EST 15Dec2009
Best Buy shares fall after comments on margins
Shares of Best Buy Co Inc fell on Tuesday, after the company said gross margins in the fourth quarter would be lower than expected. The electronics retailer also reported a third-quarter profit ahead of consensus.
For details, see.
The stock was down 4.5 percent to $43.31 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
0952 EST 15Dec2009
Wells Fargo sells $10.65 bln shares to exit TARP
Wells Fargo & Co sold $10.65 billion in stock on Tuesday, raising funds to help repay a $25 billion bailout received from the U.S. government last year.
The shares sold at $25 each, about 2 percent below Wells Fargo's closing share price of $25.49 on Monday.
For details, see
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0946 EST 15Dec2009
Array surges on partnership with Amgen
Shares of Array BioPharma Inc surged on Tuesday, a day after the company inked a partnership deal with Amgen Inc. The partnership is for the development and marketing of its Type 2 diabetes drug.
For details, see
Array shares advanced 23.6 percent to $2.78 while Amgen was down 1.1 percent to $56.27.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0938 EST 15Dec2009
Markets open lower on inflation concerns
Wall Street fell at the open on Tuesday on news that producer prices rose more than expected, igniting fears of inflationary pressures, and a gauge of manufacturing activity in New York state unexpectedly plunged in December.
The Dow Jones Industrial average was down 35.14 points, or 0.33 percent, at 10,465.91. The Standard & Poor's 500 Index fell 4.78 points, or 0.43 percent, at 1,109.33. The Nasdaq Composite Index dropped 8.38 points, or 0.38 percent, at 2,203.72.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0923 EST 15Dec2009
Crude oil rises, ending long slide
January crude futures rose on Tuesday, following nine straight days of declines, as markets look to storage data and dollar movements for further directions. The nine-day fall was the longest continuous decline in eight years. For details, see
The contract was up 0.9 percent to $70.13 per barrel.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0920 EST 15Dec2009
Industrial production rises 0.8 pct in November
U.S. industrial output rose firmly in November as the manufacturing sector extended a recovery that economists hope will help turn around the ailing labor market.
Production climbed 0.8 percent, the Federal Reserve said on Tuesday, well above forecasts for a 0.5 percent gain. The strides were powered in part by the automotive sector, and came despite a sharp drop in utility output.
For details, see
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0912 EST 15Dec2009-BofA
Merrill upgrades three U.S. REITs
Bank of America-Merill Lynch on Tuesday raised its rating on U.S. real estate investment trusts AvalonBay Communities Inc and Senior Housing Properties Trust to 'buy,' citing their attractive operating markets and strong acquisition strategies.
Separately, the firm also lifted its rating on Equity LifeStyle Properties to 'neutral,' and said the lifestyle property-focused REIT's revenue streams were more stable than previously anticipated.
For details, see
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0855 EST 15Dec2009
Best Buy shares fall after comments on margins
Shares of Best Buy Co Inc fell on Tuesday, after the company said gross margins in the fourth quarter would be lower than expected. The electronics retailer also reported a third-quarter profit ahead of consensus.
For details, see.
The stock was down 4.5 percent to $43.31 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.