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STOCKS NEWS US-Barron's bullish on Progressive Corp

By: AFX | 02 Nov 2009 | 07:04 AM ET

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Stocks on the move Real-time Equity news U.S. stock market report 0647 ET 02Nov2009-Barron's bullish on Progressive Corp ------------------------------------------------------------------------------ Barron's issued a bullish comment about Progressive Corp , writing that the auto insurance company was poised to expand its revenue and earnings for the first time in several years. The financial publication added that the company's stock looked appealing because it traded at a historically low valuation. For details, see Shares of Progressive closed Friday at $16. Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0643 ET 02Nov2009-Human Genome rallies after lupus drug trial data ------------------------------------------------------------------------------ Shares of Human Genome Sciences Inc soared in premarket trading on Monday, after the company said its experimental lupus drug was successful in a second clinical trial. The data paves the way for approval of the first new treatment for lupus in 50 years. For details, see The stock was up 36 percent to $25.49 before the bell. Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0637 ET 02Nov2009-CIT files for bankruptcy ------------------------------------------------------------------------------ CIT Group Inc on Sunday filed for bankruptcy protection, in one of the largest filings in the United States. Under a prepackaged plan, the lender plans to reduce its total debt by about $10 billion. For details, see Shares of CIT shed 46 percent to 39 cents in premarket trading. Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0633 ET 02Nov2009-Economic indicators for Nov. 2 ------------------------------------------------------------------------------ Economic indicators on tap for Monday include pending home sales data for September, construction spending data for September and October ISM manufacturing data. For details, see Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0629 ET 02Nov2009-Earnings diary for Nov. 2 ------------------------------------------------------------------------------ Companies scheduled to report quarterly results on Monday include Ford Motor Co, Clorox, Consolidated Edison, Dean Food and Humana, among others. For details, see Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net Keywords: MARKETS STOCKSNEWS COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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