STOCKS NEWS US-U.S. earnings diary for June 23

Stocks on the move [HOT-RTRS]

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

For U.S. stock market report double-click [.N]
1745 ET 22June2009- U.S. earnings diary for June 23
------------------------------------------------------------------------------

The day's earnings calendar includes quarterly results from Oracle Corp
(ORCL.O).

For more please double click [RESF/US]

Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1740 ET 22June2009- U.S. economic diary for June 23
------------------------------------------------------------------------------

The day's economic agenda includes data on existing home sales for May.

For more please double click [ECI/US]

Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1353 ET 22June2009-New home sales seen up slightly in May: poll
------------------------------------------------------------------------------

Consumers likely bought new homes last month at the fastest pace since
February, but a recent surge in mortgage rates could reverse the trend in the
months ahead, according to a Reuters survey.

Sales of newly constructed single-family home sales likely climbed to a
360,000 annual rate in May, up from 352,000 units in April, a median forecast
of 64 economists showed.

For details, see [ID:nN22509962]

The Dow Jones U.S. Home Construction index .DJUSHB fell 0.3 percent to
208.43 on Monday.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1346 ET 22June2009-GE CEO would oppose splitting off finance arm
------------------------------------------------------------------------------

Jeff Immelt, the chief executive officer of General Electric (GE.N), wrote
in a memo that the company would oppose any regulation that would force it to
split off its finance business.

Some investors and analysts have said that the Obama administration's
proposed revamping of the U.S. financial regulatory system could force GE to
sell or exit its GE Capital unit, which has businesses ranging from leasing
commercial aircraft to investing in real estate.

"This issue had nothing to do with the financial crisis," the memo read.
"GE is and will remain committed to GE Capital and we like our strategy."

For details, see [ID:nN22508569]

Shares of GE, a Dow component, sank 4 percent to $11.62 on Monday.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1325 ET 22June2009-Ameristar rises after upgrade, peers tumble
------------------------------------------------------------------------------

JPMorgan on Monday upgraded Ameristar Casinos (ASCA.O) to overweight from
neutral, citing valuation, investor expectations and growing excess free cash
flow.

The firm also wrote that the company would benefit from the relaxation of
gaming regulations in Colorado in July.

For details, see [ID:nBNG100644]

Shares of the company rose 4.1 percent to $18.85 while MGM Mirage (MGM.N)
sank 9.6 percent to $5.94 and Las Vegas Sands (LVS.N) dropped 9 percent to
$7.41.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1143 ET 22June2009-Eastman Kodak stops production on Kodachrome line
------------------------------------------------------------------------------

Eastman Kodak (EK.N) on Monday said it was stopping production on its
Kodachrome product line because of competition from digital cameras.

"The majority of today's photographers have voiced their preference to
capture images with newer technology -- both film and digital," said Mary Jane
Hellyar, president of Kodaks Film, Photofinishing and Entertainment Group.

In the end, Kodachrome accounted for less than 1 percent of the company's
total sales of still-picture films, the company said.

For details, see [ID:nN22495892]

Shares of Kodak sank 4.9 percent to $2.71.

Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net
1138 ET 22June2009-CBS Corp names Joseph Ianniello CFO
------------------------------------------------------------------------------

CBS Corp (CBS.N) on Monday named Joseph Ianniello chief financial officer
and executive vice president, effective July 20.

Ianniello has served as deputy CFO since November. He succeeds Fred
Reynolds, who is retiring.

For details, see [ID:nWNBB0005]

Shares fell 3.7 percent to $7.07.

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