STOCKS NEWS US-Clorox shares up as flu fears boost profit

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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

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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.

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Cooper shares gained 1.1 percent to $39.13.

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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.

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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.

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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.

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Shares of the company fell 2.6 percent to $28.31.

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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.

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The stock rose 4.7 percent to $26.45 in premarket trading.

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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.

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The stock was up 2.7 percent to $20.77 before the bell.

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