STOCKS NEWS US-U.S. economic diary for June 8

Stocks on the move [HOT-RTRS]

Real-time Equity news [U][E] [RESF/US]

For U.S. stock market report double-click [.N]
1755 ET 05June2009- U.S. economic diary for June 8
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The day's economic agenda includes The Conference Board's employment index
for May, 10 a.m. (1400 GMT).

For more please double click [ECI/US]

Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1339 ET 05June2009-Steel companies advance on price increases
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Shares of steel companies rallied on Friday, with AK Steel (AKS.N) topping
the percentage gainers for the Dow Jones U.S. Steel index .DJUSST a day after
it added surcharges to some of its products amid signs that steel prices in
general were rising.

Industry reports indicate that steel prices are beginning to rise again,
after plummeting last year as demand dried up in the economic downturn.

Earlier this week, AK Steel announced it will increase spot market prices
for its carbon steel products by $20 per ton for carbon steel product orders
scheduled for delivery after July.

On Thursday, the company said a $70 per-ton surcharge will be added to
invoices for electrical steel products shipped in July.

For details, see [ID:nN05288957]

Shares of AK Steel rose 7 percent to $17.65 while the steel index gained
2.7 percent to 223.34. Among other components of the sector, U.S. Steel (X.N)
added 2.6 percent to $36.51, Nucor (NUE.N) was up 2.5 percent to $47.45 and
Reliance Steel (RS.N) added 3.8 percent to $40.35.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1331 ET 05June2009-Jackson Hewitt soars after naming new CEO
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Shares of Jackson Hewitt Tax Service (JTX.N) soared on Friday, a day after
it named Harry Buckley, the former head of H&R Block (HRB.N), as its chief
executive officer.

Sentiment on the tax preparer was also improved after it hired Goldman
Sachs to examine strategic alternatives.

For details, see [ID:nBNG411468]

Shares rose 42 percent to $6.10.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1151 ET 05June2009-Xtent shares soar after FDA nod
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Shares of Xtent XTNT.O rallied on Friday, a day after it said it received
conditional approval from U.S. health regulators to begin a clinical program
for its Custom NX drug eluting stent system.

The conditional approval for the program, comprising two pivotal trials,
requires Xtent to address some technical issues about which the Food and Drug
Administration has questions prior to granting full approval, Xtent said.

For details, see [ID:nBNG418501]

The stock surged 44 percent to $2.17.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1139 ET 05June2009-Kenexa shares advance after Cowen upgrade
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Shares of Kenexa Corp (KNXA.O) advanced on Friday, after Cowen & Co
upgraded the recruitment software company to outperform, arguing that market
expectations for the company were overly conservative.

"We assert that if the economy stabilizes, companies will outsource an
increasing amount of human resource functions," the firm wrote to clients.

For details, see [ID:nBNG348271]

Shares rose 8.2 percent to $13.65.

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