STOCKS NEWS US-Weak payroll number may spark correction: analyst

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1140 EST 6Jan2011
Weak payroll number may spark correction: analyst

A weak December payroll report could spark a correction in U.S. stocks, an analyst said on Thursday.

'If tomorrow's numbers don't live up to expectations, that could create the correction that some have been predicting,' said Paul Radeke, vice president at the Minneapolis-based KDV Wealth Management, which has about $225 million in assets under management.

'Given the run equities have had lately, a correction wouldn't be surprising.'

Radeke noted that Wall Street was mostly lower on Thursday despite data showing a decline in the four-week average of initial jobless claims, which took the average to a two-year low.

'This suggests that the increase in job improvement isn't going fast enough,' he said.

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1107 EST 6Jan2011
Boeing leads Dow gainers after comments

Boeing Co rose 1.5 percent to $68.50 and was the biggest percentage gainer among Dow components on Thursday after the company commented on its 2010 plane deliveries.

The plane maker said it had booked 530 net orders in 2010 as the global economy recovered from a downturn in recent years. It reported only 142 net orders in 2009 as airline customers struggled.

At the same time, Boeing delivered 116 commercial airplanes in the fourth quarter, down from 122 in the year-ago period.

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Reuters Messaging: [e-mail]; Editing by Andrew Hay


1055 EST 6Jan2011
CBOE Futures Exchange set volume record in 2010

Last year was the busiest on record in trading at the CBOE Futures Exchange, the exchange said in a release earlier this week.

The record volume of 4,402,378 contracts changing hands during 2010 surpassed the previous high of 1,161,019 contracts traded in 2008 by 279 percent, as well as the 1,155,318 contracts that traded in 2009.

Year-over-year trading volume increase, at 281 percent, was also the largest ever at CFE.

Reuters Messaging: [e-mail]; Editing by Andrew Hay

1041 EST 6Jan2011
LinkedIn to go public in 2011: sources

LinkedIn, the social networking site for professionals, plans to go public in 2011 and has selected its financial underwriters, three sources familiar with the matter told Reuters.

Morgan Stanley, Bank of America and JPMorgan are among the book runners, the sources said. Bankers made their pitches to the privately held company in November, one source said.

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1026 EST 6Jan2011
MetroPCS shares tumble on subscriber comments

Low-cost wireless carrier MetroPCS Communications Inc reported a 6 percent drop in net subscriber additions, hurt by severe weather conditions during the peak late-December selling season.

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The stock dropped 6.2 percent to $13.38.

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