STOCKS NEWS US-Crude oil up on weaker dollar, upcoming OPEC meet

Fri Mar 6, 2009 12:29pm GMT
 
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    U.S. stock market report [.N] 
 
0725 ET 06March2009-Crude oil up on weaker dollar, upcoming OPEC meet 
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 April crude futures edged higher on Friday, following a sharply downward 
session on Thursday. The oil market was lifted on Friday by a weaker U.S. 
dollar, and ahead of an OPEC meeting later this month. 
    For details, see [nSP482596]  
 The contract rose 1.6 percent to $4.31 a barrel. 
    Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 
    
0719 ET 06March2009-Qwest's Nacchio requests retrial on evidence 
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    Joseph Nacchio, the former chief executive of Qwest Communications , 
late Thursday asked for a retrial, citing newly discovered evidence. 
    Nacchio was convicted on 19 counts of insider trading, and was recently 
ordered to report to jail on March 23. 
    In the motion for a retrial, Nacchio's lawyers said new testimony from 
ex-Chief Financial Officer Robin Szeliga had come to light in a deposition. 
[nN05362214] 
    Shares of Qwest closed Thursday at $3.14. 
    Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 
    
0715 ET 06March2009-Coca-Cola to invest $2 bln in Chinese plant    
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    Soft drink company Coca-Cola Co  on Friday said it would invest $2 
billion in new plant and distribution infrastructure in China over the next 
three years. It will also speed up development to ensure products suit local 
tastes. 
    The investment is in addition to the $2.4 billion Coke has already 
committed to a takeover bid for Huiyuan Juice Group. [nHKG181914] 
    Shares of Coke, a Dow component, closed Thursday at $37.85. 
    Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 
    
0710 ET 06March2009-Spain's Santander may buy AIG's Polish division 
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    Santander, Spain's largest bank, is among the potential buyers for American 
International Group's  Polish banking arm, according to a Polish daily, 
which cited unnamed sources and said analysts were valued the deal at up to 
$270 million. 
    PKO BP, Poland's top bank, has also expressed interest in AIG's banking 
assets. [nL624187] 
    Shares of AIG fell less than one cent to 34.6 cents in premarket trade. 
They closed Thursday at 35 cents. 
    Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 
    
0706 ET 06March2009-Economic indicators for March 6 
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    Economic indicators on tap for Friday include February manufacturing 
payroll data, non-farm payroll and the unemployment rate for February, monthly 
and weekly ECRI data, January consumer credit figures and average earnings and 
workweek hours for February. 
    For details, see [ECI/US] 
    Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 
    
0656 ET 06March2009-Earnings diary for March 6 
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    Companies scheduled to report quarterly results on Friday include: H&R 
Block , AnnTaylor Stores , Hudson Tech , MCG Capital Corp 
, Perficient  and Regent Communications , among 
others. 
    For details, see [RESF/US] 
    Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 
Keywords: MARKETS STOCKSNEWS  
    
 
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