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U.S. stock market report
0730 ET 12Jan2009
South African company may buy Lehman unit
An investment company controlled by South African billionaire Johann Rupert is in talks to buy the merchant banking unit of Lehman Brothers. No formal agreement has been made, but the company said it was in discussions to take an interest in the funds and possible the management. For more see
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0724 ET 12Jan2009
FDIC may have $10 bln IndyMac exposure: NY Post
The Federal Deposit Insurance Corp may have up to $10 billion in previously unknown liabilities tied to mortgages that failed lender IndyMac sold to Fannie Mae, according to a report in the New York Post. Such a liability to the FDIC's $34.6 billion insurance fund would leave it less able to deal with the number of bank failures that are expected in 2009, the paper said.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0717 ET 12Jan2009
Obama may reach decision on rest of TARP funds
President-elect Barack Obama is considering whether to seek additional funds from the government's TARP program. If Obama does request for the funds to be used, they would be put in place soon after he takes office on Jan. 20.
Massachusetts Sen. John Kerry said a decision would be reached soon.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0710 ET 12Jan2009
Citigroup moves closer to selling Smith Barney
Troubled bank Citigroup Monday moved closer to joining its Smith Barney unit with Morgan Stanley, according to sources familiar with the matter. The move would create the largest retail brokerage in the world.
Shares of Citigroup closed Friday at $6.75.
0704 ET 12Jan2009
Economic indicators for Jan. 12
Economic indicators on tap for Monday include U.S. employment trends.
For details, see
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0658 ET 12Jan2009
Earnings diary for Jan. 12
Companies scheduled to report quarterly results on Monday include Alcoa Inc , A. Schulman, Dynatronics, Wegener and People's Educational Holdings.
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.
U.S. stock market report
0730 ET 12Jan2009
South African company may buy Lehman unit
An investment company controlled by South African billionaire Johann Rupert is in talks to buy the merchant banking unit of Lehman Brothers. No formal agreement has been made, but the company said it was in discussions to take an interest in the funds and possible the management. For more see
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0724 ET 12Jan2009
FDIC may have $10 bln IndyMac exposure: NY Post
The Federal Deposit Insurance Corp may have up to $10 billion in previously unknown liabilities tied to mortgages that failed lender IndyMac sold to Fannie Mae, according to a report in the New York Post. Such a liability to the FDIC's $34.6 billion insurance fund would leave it less able to deal with the number of bank failures that are expected in 2009, the paper said.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0717 ET 12Jan2009
Obama may reach decision on rest of TARP funds
President-elect Barack Obama is considering whether to seek additional funds from the government's TARP program. If Obama does request for the funds to be used, they would be put in place soon after he takes office on Jan. 20.
Massachusetts Sen. John Kerry said a decision would be reached soon.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0710 ET 12Jan2009
Citigroup moves closer to selling Smith Barney
Troubled bank Citigroup Monday moved closer to joining its Smith Barney unit with Morgan Stanley, according to sources familiar with the matter. The move would create the largest retail brokerage in the world.
Shares of Citigroup closed Friday at $6.75.
0704 ET 12Jan2009
Economic indicators for Jan. 12
Economic indicators on tap for Monday include U.S. employment trends.
For details, see
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0658 ET 12Jan2009
Earnings diary for Jan. 12
Companies scheduled to report quarterly results on Monday include Alcoa Inc , A. Schulman, Dynatronics, Wegener and People's Educational Holdings.
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.
© 2009 AFX News
