Stocks on the move
Real-time Equity news
U.S. stock market report
1725 ET 22Dec2009
U.S. economic diary for Dec. 23
Economic data on tap for Wednesday includes the Institue for Supply Management-Chicago business barometer for December.
For details, see
Reuters Messaging: leah.schnurr.reuters.com@reuters.net
1700 ET 22Dec2009
Wall St gains on optimism after home sales jump
U.S. stocks logged another 14-month high on Tuesday as a surge in existing home sales indicated more stabilization in housing and boosted optimism about the economic recovery.
Housing stocks led the way up with the Dow Jones U.S. home construction index up 3.9 percent following data that showed U.S. existing home sales rose in November at the fastest pace since February 2007. For details, see
Shares of D.R. Horton Inc rose 3.8 percent to $11.15, while Toll Brothers Inc gained 4.5 percent to $19.21.
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Reuters Messaging rm://ellis.mnyandu.reuters.com@reuters.net
1414 ET 22Dec2009 Players shed call options in Charles Schwab
Shares of discount brokerage Charles Schwab Corp rose 2.64 percent to $19.05 in the afternoon session. In the options market, about 14,000 calls traded, more than five times the norm and more than three times the number of puts, according to Trade Alert. It looked like premium sellers dominated the early action in the January and February $19 calls and appeared to include some buy-write trades, said WhatsTrading.com option strategist Frederic Ruffy. For example, he noted 1,810 Jan $19 calls traded bid-side at 65 cents and coincided with a block of 143,000 shares purchased at $19.18. Some of the premium selling appears to be a play that Schwab would stay above the $19 level by January expiration, he said. Schwab is due to report quarterly results in mid-January. It said earlier this month that it expects earnings per share in the current quarter to be 2 cents to 4 cents lower than in the third quarter, due to lower interest rates and slower trading in recent weeks. for details, see
Reuters Messaging: doris.frankel.reuters.com@reuters.net
1406 EST 22Dec2009
Berkshire adds Comcast's Burke to its board
Warren Buffett's Berkshire Hathaway Inc said on Tuesday Stephen Burke, the chief operating officer at Comcast Corp, has been elected to its board of directors.
Burke, 51, 'is business-savvy, owner-oriented and keenly interested in Berkshire, the three ingredients we look for in directors,' Buffett said in a statement.
For details, see
Shares of Berkshire rose 0.3 percent to $99,100 while Comcast fell 1.1 percent to $17.19.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1403 EST 22Dec2009
AIG halts Chartis unit IPO efforts: source
American International Group Inc has halted efforts to sell a stake in Chartis, as Chief Executive Robert Benmosche focuses on expanding the property and casualty unit, a person familiar with the situation said on Tuesday.
The move is consistent with Benmosche's plan to rebuild AIG, as Chartis is seen as core to the insurer, the source said.
For details, see
Shares of AIG surged 9.3 percent to $30.67.
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
U.S. stock market report
1725 ET 22Dec2009
U.S. economic diary for Dec. 23
Economic data on tap for Wednesday includes the Institue for Supply Management-Chicago business barometer for December.
For details, see
Reuters Messaging: leah.schnurr.reuters.com@reuters.net
1700 ET 22Dec2009
Wall St gains on optimism after home sales jump
U.S. stocks logged another 14-month high on Tuesday as a surge in existing home sales indicated more stabilization in housing and boosted optimism about the economic recovery.
Housing stocks led the way up with the Dow Jones U.S. home construction index up 3.9 percent following data that showed U.S. existing home sales rose in November at the fastest pace since February 2007. For details, see
Shares of D.R. Horton Inc rose 3.8 percent to $11.15, while Toll Brothers Inc gained 4.5 percent to $19.21.
For more please double click
Reuters Messaging rm://ellis.mnyandu.reuters.com@reuters.net
1414 ET 22Dec2009 Players shed call options in Charles Schwab
Shares of discount brokerage Charles Schwab Corp rose 2.64 percent to $19.05 in the afternoon session. In the options market, about 14,000 calls traded, more than five times the norm and more than three times the number of puts, according to Trade Alert. It looked like premium sellers dominated the early action in the January and February $19 calls and appeared to include some buy-write trades, said WhatsTrading.com option strategist Frederic Ruffy. For example, he noted 1,810 Jan $19 calls traded bid-side at 65 cents and coincided with a block of 143,000 shares purchased at $19.18. Some of the premium selling appears to be a play that Schwab would stay above the $19 level by January expiration, he said. Schwab is due to report quarterly results in mid-January. It said earlier this month that it expects earnings per share in the current quarter to be 2 cents to 4 cents lower than in the third quarter, due to lower interest rates and slower trading in recent weeks. for details, see
Reuters Messaging: doris.frankel.reuters.com@reuters.net
1406 EST 22Dec2009
Berkshire adds Comcast's Burke to its board
Warren Buffett's Berkshire Hathaway Inc said on Tuesday Stephen Burke, the chief operating officer at Comcast Corp, has been elected to its board of directors.
Burke, 51, 'is business-savvy, owner-oriented and keenly interested in Berkshire, the three ingredients we look for in directors,' Buffett said in a statement.
For details, see
Shares of Berkshire rose 0.3 percent to $99,100 while Comcast fell 1.1 percent to $17.19.
Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1403 EST 22Dec2009
AIG halts Chartis unit IPO efforts: source
American International Group Inc has halted efforts to sell a stake in Chartis, as Chief Executive Robert Benmosche focuses on expanding the property and casualty unit, a person familiar with the situation said on Tuesday.
The move is consistent with Benmosche's plan to rebuild AIG, as Chartis is seen as core to the insurer, the source said.
For details, see
Shares of AIG surged 9.3 percent to $30.67.
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.