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

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

 Stocks on the move [HOT-RTRS]
 Real-time Equity news [U][E]  [RESF/US]
 For U.S. stock market report double-click [.N] 0749 ET 19June2009-Dow, S&P futures up; RIM pressures Nasdaq ------------------------------------------------------------------------------
 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 ------------------------------------------------------------------------------
 Howard Stringer, chief executive of Sony Corp (SNE.N)(6758.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 ------------------------------------------------------------------------------
 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 ------------------------------------------------------------------------------
 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 ------------------------------------------------------------------------------
 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 ------------------------------------------------------------------------------
 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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