STOCKS NEWS US-Senate OKs tax credits for alternative energy

Stocks on the move [HOT-RTRS] Real-time Equity news [U E] [RESF/US]

U.S. stock market report [.N]
0751 ET 28Jan2009-Senate OKs tax credits for alternative energy
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The Senate Finance Committee late Tuesday approved about $31 billion in tax
credits and financial incentives to boost alternative energy supplies and
promote energy-savings steps as part of a large economic recovery plans.

The incentives come at a time when low oil prices have made some
alternative energy companies less competitive, and would also help solar power
companies that are having trouble getting financing because of weak credit
conditions. [ID:nN27480029]

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0737 ET 28Jan2009-Bloomberg: FDIC may run U.S. "bad bank"
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The Federal Deposit Insurance Corp (FDIC) is looking to take control of a
widely mooted "bad bank," to be set up by the U.S. government in order to mop
up toxic assets of struggling banks, according to a report from Bloomberg
News.

Sheila Bair, the chairman of the FDIC, will run the operation, according to
the report, which cited a source familiar with the matter. [ID:nN27462853]

After the report, the Financial Select Sector SPDR (XLF.P) surged 6.7
percent to $9.75 in premarket trade.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0727 ET 28Jan2009-Duke Energy looking for acquisition targets
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Jim Rogers, the chief executive of Duke Energy, on Wednesday said the
company would look for opportunities to buy assets as the U.S. power industry
faces a wave of consolidation.

"The opportunities will only increase over time," Rogers told Reuters.
[ID:nLS1250922]

Shares of Duke closed Tuesday at $15.30.
0717 ET 28Jan2009-CEO confidence falls to new low: survey
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Confidence among the world's top chief executive officers has fallen to a
new low at the World Economic Forum in Davos, with many of the CEOs seeing a
lengthy and deep recession with no easy fix.

According to a PricewaterhouseCoopers poll, 21 percent of CEOs said they
were very confident about growing revenue in the next year. A year ago, 50
percent of the more than 1,100 respondents expressed confidence.
[ID:nLS605026]

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0709 ET 28Jan2009-Futures advance ahead of earnings, Fed news
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U.S. index futures soared on Wednesday, ahead of the release of a number of
corporate quarterly results and the outcome of the Federal Open Market
Committee meeting. If the markets close higher on Wednesday, it will be for the
third day in a row. [ID:nLS379709]

Among the companies scheduled to report quarterly results include AT&T
(T.N) and Boeing (BA.N), two Dow components, as well as Legg Mason (LM.N) and
Wells Fargo (WFC.N).

Dow Jones industrial average futures DJc1 rose 149 points while S&P 500
futures SPc1 gained 19.5 points and Nasdaq 100 futures NDc1 were up 24.25
points.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0705 ET 28Jan2009-Economic indicators for Jan. 28
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Economic indicators on tap for Wednesday include the MBA 30-year mortgage
rate, U.S. mortgage market index data and the Federal Open Market Committee's
interest rate decision.

For details, see [ECI/US]

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
0659 ET 28Jan2009-Earnings diary for Jan. 28
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Companies scheduled to report quarterly results on Wednesday include:
Qualcomm Inc (QCOM.O), Starbucks (SBUX.O), Wells Fargo & Co (WFC.N), Legg Mason
(LM.N), Ameriprise Financial (AMP.N), AT&T (T.N), Baker Hughes Inc (BHI.N),
ConocoPhillips (COP.N), General Dynamics (GD.N), Hess Corp (HES.N), Pfizer Inc
(PFE.N), Boeing Co (BA.N) and the New York Times Co (NYT.N).

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net