STOCKS NEWS US-Dow Chemical revives plan with Shenhua - News

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STOCKS NEWS US-Dow Chemical revives plan with Shenhua

By: AFX | 05 Nov 2009 | 07:11 AM ET

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Stocks on the move Real-time Equity news U.S. stock market report 0655 EST 05Nov2009-Dow Chemical revives plan with Shenhua ------------------------------------------------------------------------------ Dow Chemical Co and Shenhua Group, China's largest coal miner, will reportedly move ahead with their planned $10 billion coal-to-chemical project in Shaanxi province after a delay of at least one year. Top executives from the companies, senior officials in Shaanxi province and representatives from the U.S. Embassy in China attended a cornerstone laying ceremony on Nov. 3, the China Chemical Industry News reported on Thursday. For details, see Shares of Dow closed Wednesday at $23.67. Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0650 EST 05Nov2009-Crude oil falls on stronger dollar ------------------------------------------------------------------------------ December crude futures were down on Thursday, following a strong gain in the previous session as the U.S. dollar firmed. For details, see The contract fell 0.6 percent to $79.96 per barrel. Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0647 EST 05Nov2009-RIM board OKs $1.2 bln stock buyback program ------------------------------------------------------------------------------ Research in Motion on Thursday said its board authorized a $1.2 billion stock buyback program. The company will repurchase 21 million common shares under the program, which represents about 3.6 percent of the company's currently outstanding common shares. For details, see Shares of RIM closed Wednesday at $57.61. Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0642 EST 05Nov2009-Economic indicators for Nov. 5 ------------------------------------------------------------------------------ Economic indicators on tap for Thursday include weekly jobless claims and third-quarter labor cost and productivity data. In addition, many retailers are scheduled to report their monthly sales data. For details, see Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0632 EST 05Nov2009-Earnings diary for Nov. 5 ------------------------------------------------------------------------------ Companies scheduled to report quarterly results on Thursday include: Sara lee, King Pharmaceuticals, MetroPCS Communications, Starbucks and CBS Corp, 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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