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1716 ET 29Jun2009-US STOCKS-Wall St climbs with oil sector, end-of
qtr buys
U.S. stocks rose on Monday as higher oil prices lifted shares of energy companies and fund managers snapped up this quarter's winners to burnish their portfolios.
Energy shares ranked among the quarter's strong performers, and a 3.4 percent jump in the price of oil lifted them even further on Monday. Exxon Mobil Corp was the Dow's top driver, rising 2.2 percent to $70.58.
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Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1435 ET 29June2009
Apple CEO Steve Jobs returns from medical leave
Apple Inc Chief Executive Steve Jobs is back at work following a medical leave of nearly six months. He will work at least initially from home for a few days a week, the company said on Monday.
The official word of his return followed months of speculation about the health of Jobs, a pancreatic cancer survivor, and his future with the company he co-founded more than 30 years ago.
Jobs, 54, underwent a liver transplant in Memphis, Tennessee, while on leave. He has remained involved in strategic decisions at Apple while away, according to the company, and he has been seen in recent weeks at Apple's headquarters in Cupertino, California.
For details, see
Shares of Apple slid 0.2 percent to $142.20.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net; Editing by Kenneth Barry
1426 ET 29June2009
DoJ opposes Continental joining Star alliance
The U.S. Justice Department opposes broad antitrust immunity for Continental Airlines Inc to join UAL Corp's United Airlines and other members of the Star alliance, documents showed.
In a filing late on Friday with the Transportation Department, antitrust enforcers said approval is likely to harm competition on some international routes, including flights between U.S. cities and Canada and China.
The proposed agreements also could harm domestic competition and raise fares on some routes, Justice Department lawyers wrote in public comments.
For details, see
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1410 ET29JUne2009
Raymond James ups four healthcare IT companies
Healthcare information technology stocks rose on Monday after a broker upgrade of four stocks in the sector, in order to reflect a twenty times price-to-earnings multiple for the firm's 2011 estimates.
Allscripts-Misys Healthcare Solutions Inc, Cerner Corp, Eclipsys Corp and Computer Program and Systems Inc were upgraded to 'outperform' from 'market perform' by Raymond James, which believes the prospect of federal stimulus will support the target valuation over the next twelve months.
The firm believes the stimulus will generate positive bookings traction and, as a result, revenue and earnings growth momentum.
Allscripts shares jumped 11.9 percent to $16.49, Cerner added 3.4 percent to $63.71, Eclipsys rose 1.9 percent to $18.39 and Computer Program climbed 4.3 percent to $39.79.
Reuters Messaging:rm://Charles.mikolajczak.reuters.com@reuters.net
1215 ET 29June2009
DA Davidson: Entering healthy bull market
DA Davidson said on Monday it strongly believed that the markets were in the early stages of a 'healthy bull market.'
'Investor confidence continues to rise as does consumer confidence, both of which are key ingredients to sustaining a recovery and stabilizing the economy,' the company's analysts wrote. 'We now envision the major stock market indices, which are positive year to date for most market indices, to end the year with high single-digit or low double-digit percentage gains.'
The company added that it was looking for the economy to bottom out late in the third quarter or early in the fourth quarter 'as consumers slowly return to the malls, business investment spending stabilizes and companies begin to replenish inventories.
'The economy hasn't turned up, but the pace of employment layoffs, the decline in existing home sales and home prices appear to be stabilizing, while new and used automobile sales have begun to slowly improve,' it wrote.
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
For U.S. stock market report double-click
1716 ET 29Jun2009-US STOCKS-Wall St climbs with oil sector, end-of
qtr buys
U.S. stocks rose on Monday as higher oil prices lifted shares of energy companies and fund managers snapped up this quarter's winners to burnish their portfolios.
Energy shares ranked among the quarter's strong performers, and a 3.4 percent jump in the price of oil lifted them even further on Monday. Exxon Mobil Corp was the Dow's top driver, rising 2.2 percent to $70.58.
For more please double click
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1435 ET 29June2009
Apple CEO Steve Jobs returns from medical leave
Apple Inc Chief Executive Steve Jobs is back at work following a medical leave of nearly six months. He will work at least initially from home for a few days a week, the company said on Monday.
The official word of his return followed months of speculation about the health of Jobs, a pancreatic cancer survivor, and his future with the company he co-founded more than 30 years ago.
Jobs, 54, underwent a liver transplant in Memphis, Tennessee, while on leave. He has remained involved in strategic decisions at Apple while away, according to the company, and he has been seen in recent weeks at Apple's headquarters in Cupertino, California.
For details, see
Shares of Apple slid 0.2 percent to $142.20.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net; Editing by Kenneth Barry
1426 ET 29June2009
DoJ opposes Continental joining Star alliance
The U.S. Justice Department opposes broad antitrust immunity for Continental Airlines Inc to join UAL Corp's United Airlines and other members of the Star alliance, documents showed.
In a filing late on Friday with the Transportation Department, antitrust enforcers said approval is likely to harm competition on some international routes, including flights between U.S. cities and Canada and China.
The proposed agreements also could harm domestic competition and raise fares on some routes, Justice Department lawyers wrote in public comments.
For details, see
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1410 ET29JUne2009
Raymond James ups four healthcare IT companies
Healthcare information technology stocks rose on Monday after a broker upgrade of four stocks in the sector, in order to reflect a twenty times price-to-earnings multiple for the firm's 2011 estimates.
Allscripts-Misys Healthcare Solutions Inc, Cerner Corp, Eclipsys Corp and Computer Program and Systems Inc were upgraded to 'outperform' from 'market perform' by Raymond James, which believes the prospect of federal stimulus will support the target valuation over the next twelve months.
The firm believes the stimulus will generate positive bookings traction and, as a result, revenue and earnings growth momentum.
Allscripts shares jumped 11.9 percent to $16.49, Cerner added 3.4 percent to $63.71, Eclipsys rose 1.9 percent to $18.39 and Computer Program climbed 4.3 percent to $39.79.
Reuters Messaging:rm://Charles.mikolajczak.reuters.com@reuters.net
1215 ET 29June2009
DA Davidson: Entering healthy bull market
DA Davidson said on Monday it strongly believed that the markets were in the early stages of a 'healthy bull market.'
'Investor confidence continues to rise as does consumer confidence, both of which are key ingredients to sustaining a recovery and stabilizing the economy,' the company's analysts wrote. 'We now envision the major stock market indices, which are positive year to date for most market indices, to end the year with high single-digit or low double-digit percentage gains.'
The company added that it was looking for the economy to bottom out late in the third quarter or early in the fourth quarter 'as consumers slowly return to the malls, business investment spending stabilizes and companies begin to replenish inventories.
'The economy hasn't turned up, but the pace of employment layoffs, the decline in existing home sales and home prices appear to be stabilizing, while new and used automobile sales have begun to slowly improve,' it wrote.
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.