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0952 EST 04Nov2009-Garmin shares reverse course, fall after results

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Shares in No. 1 U.S. navigation device maker Garmin fell 1.9

percent to $30.81 on Wednesday, reversing strong gains in premarket trade after

the company posted a surprise rise in quarterly profit as demand improved and

the fall in prices of its goods slowed. For more, see

Reuters Messaging:rm://Edward.Krudy.reuters.com@reuters.net

0941 EST 04Nov2009-Markets open higher ahead of Fed statement

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U.S. stocks opened higher on Wednesday, ahead of the Federal Reserve's

statement on interest rates and the economy, and after several companies

reported quarterly results that beat expectations.

A weaker U.S. dollar also boosted commodity stocks.

For details, see

The Dow Jones industrial average was up 76.78 points, or 0.79

percent, at 9,848.69. The Standard&Poor's 500 Index added 8.84 points,

or 0.85 percent, at 1,054.25. The Nasdaq Composite Index rose 12.65

points, or 0.61 percent, at 2,069.97.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net

0913 EST 04Nov2009-Citigroup lifts price target on MasterCard

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Citigroup lifted its price target on MasterCard Inc by 20 percent to

$250 from $209 on Wednesday, a day after the company's quarterly results.

On Tuesday, MasterCard reported adjusted third-quarter earnings that beat

expectations and sales that rose from the prior year.

For details, see

Shares of MasterCard rose 2.3 percent to $224.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net

0859 EST 04Nov2009-Lazard downgrades eight retailers

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Lazard Capital Markets downgraded eight U.S. retailers on Wednesday, citing

the group's outperformance since March.

The retail, apparel and footwear stocks have risen 180 percent since March,

while the S&P 500 index is up 55 percent in the same period, the

brokerage said, adding that the stocks are now discounting a significant

earnings recovery.

American Eagle Outfitters Inc and Guess? Inc were both

downgraded to 'hold' from 'buy,' while luxury retailer Saks Inc was cut

to 'sell.'

For details, see

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net

0848 EST 04Nov2009-GenVec shares rise after FDA move on cancer drug

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Shares of GenVec Inc rallied on Wednesday after the company said

its experimental cancer drug had been given an orphan drug designation from the

Food and Drug Administration.

The drug is being developed to treat locally advanced pancreatic cancer by

stimulating the production of TNF-alpha -- an immune system protein with

anti-cancer effects.

For details, see

The stock advanced 15 percent to 91 cents.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net

0826 EST 04Nov2009-Private sector cuts 203,000 jobs in Oct-ADP

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U.S. private employers shed 203,000 jobs in October, according to a report

by a private employment service on Wednesday, fewer than a revised 227,000 jobs

lost in September.

The median of estimates from economists surveyed by Reuters for the ADP

Employer Services report, jointly developed with Macroeconomic Advisers LLC,

was for decline of 190,000 private-sector jobs last month.

For details, see

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net

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