June 19, 2009 / 12:01 PM / 8 years ago

STOCKS NEWS US-Dow, S&P futures up, RIM pressures Nasdaq

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0749 ET 19June2009-Dow, S&P futures up; RIM pressures Nasdaq
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 Dow and S&P index futures pointed to a higher open on Friday, lifted by a
weaker U.S. dollar and strength in commodities, while the Nasdaq was pressured
by a weak outlook from Research in Motion Ltd RIMM.O.
 For details, see [ID:nN19433676]
 Dow Jones industrial average futures DJc1 rose 52 points, while S&P 500
futures SPc1 gained 8 points, but Nasdaq 100 futures NDc1 were down 4
points.
 Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0743 ET 19June2009-Sony CEO: restructuring on track
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 Howard Stringer, chief executive of Sony Corp SNE.N6758.T, said the
company's turnaround efforts were advancing well.
 The restructuring steps include job cuts, plant closures and a management
reshuffle.
 "We are seeing steady progress and are working to reduce costs throughout
the Sony group by more than 300 billion yen ($3 billion)," Stringer told the
company's annual shareholders' meeting on Friday.
 For details, see [ID:nT102905]
 U.S.-listed shares closed Thursday at $25.98.
 Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0738 ET 19June2009-Microsoft added to Goldman's 'conviction buy' list
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 Goldman Sachs added Microsoft Corp MSFT.O to its Americas 'conviction
buy' list on Friday, saying better revenue drivers, expense management, and
sizable cash balances provide more opportunities for bottom-line beats.
 "Looking out to calendar year 2010 and beyond, the new product pipeline,
combined with a modest rebound in information technology spending, should buoy
top-line growth," the firm wrote in a note to clients.
 For details, see [ID:nBNG86897]
 Shares of the Dow component rose 2.2 percent to $24.02 in premarket
trading.
 Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0724 ET 19June2009-Blackberry maker RIM down in premarket on outlook
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 Shares of BlackBerry maker Research in Motion Ltd RIMM.ORIM.TO fell in
premarket trading on Friday, a day after it gave an outlook that fell short of
some expectations.
 Also on Thursday night, the company reported first-quarter earnings that
beat expectations.
 For details, see [ID:nN18406026]
 Shares fell 1 percent to $75.80 on Nasdaq.
 Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0717 ET 19June2009-IMF may revise up 2010 world growth outlook
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 The International Monetary Fund is likely to revise upward its 2010 growth
forecast for the world economy, with signs the rate of decline in global output
has moderated, a senior IMF official said on Friday.
 "While the latest data point to a slowing of the global contraction, there
is still great uncertainty regarding the timing and pace of economic recovery,"
said IMF First Deputy Managing Director John Lipsky.
 For details, see [ID:nLJ596684]
 Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0706 ET 19June2009-BofA CEO approached about selling Merrill: FT
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 Bank of America Corp BAC.N Chief Executive Ken Lewis was approached by
three former Merrill Lynch executives this year to discuss buying back some or
all of their old company, but he declined, according to a report in the
Financial Times.
 Dan Tully, former Merrill CEO, Launny Steffens, former head of Merrill's
private client business, and Winthrop Smith Jr, son of one of Merrill's
co-founders, met Lewis in Charlotte, North Carolina, about two months ago to
float the idea, Smith told the newspaper.
 For details, see [ID:nBNG451308]
 Shares rose 1.4 pct to $13.08 in premarket trading.
 Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net

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