STOCKS NEWS US-Barclays downgrades Gap to "equal weight"

Stocks on the move Real-time Equity news U.S. stock market report 0728 EST 09Nov2009-Barclays downgrades Gap to "equal weight" ------------------------------------------------------------------------------ Barclays Capital on Monday downgraded Gap Inc to "equal weight" from "overweight," citing possibly negative same-store sales for the retailer in November. The firm wrote that the November comparable sales, along with expense deleverage in the fourth quarter, gave limited near-term visibility to Gap. For details, see Reuters Messaging: [e-mail] 0724 EST 09Nov2009-Teton Energy files for bankruptcy, to sell itself ------------------------------------------------------------------------------ Teton Energy Corp on Monday said it plans to sell its assets to Rise Energy Partners II LLC for $18.7 million through an auction supervised by a U.S. bankruptcy court. In a Chapter 11 petition filed on Nov. 8, Teton listed assets of $24.2 million and debt of $44.3 million. Under the proposed plan, Rise Energy Partners will give $11.7 million in cash while $7 million will be contributed in the form of a loan. The money will be used to pay off Teton's creditors. For details, see The stock sank 36 percent to 20 cents in premarket trading. Reuters Messaging: [e-mail] 0722 EST 09Nov2009-Futures rise after G20 pledges continuous aid ------------------------------------------------------------------------------ U.S. stock index futures were up on Monday, after the Group of 20 pledged to keep economic stimulus in place until after a recovery was assured. For details, see Dow Jones industrial average futures rose 85 points while S&P 500 futures gained 10.7 points and Nasdaq 100 futures were up 15.5 points. Reuters Messaging: [e-mail] 0714 EST 09Nov2009-Barclays downgrades Charles River ------------------------------------------------------------------------------ Barclays Capital on Monday downgraded Charles River Laboratories to "equal weight" from "overweight," saying a recovery in preclinical drug research could take longer than current market expectations. The firm wrote that the slowdown in demand for preclinical drug research was the result of ongoing budget pressures. "We expect lackluster environment until drug companies get through the current wave of mega trials," it wrote to clients. For details, see Shares of Charles River closed Friday at $34.39. Reuters Messaging: [e-mail] 0708 EST 09Nov2009-Sprint to invest more in Clearwire: WSJ ------------------------------------------------------------------------------ Sprint Nextel is preparing to invest at least $1 billion more into Clearwire Corp, according to a report in the Wall Street Journal. Sprint's joint venture partners on Clearwire, a group which includes Comcast Corp., Intel Corp, Time Warner Cable Inc. and Bright House Networks LLC, are prepared to kick in another $500 million, the paper reported, citing two people familiar with the matter. The paper wrote that Google Inc, which has been a key joint venture partner, isn't involved in the latest financing round. Reuters Messaging: [e-mail] 0705 EST 09Nov2009-Crude oil rises after impact of hurricane ------------------------------------------------------------------------------ December crude futures were up on Monday, after Hurricane Ida forced the shut of oil and gas facilities in the United States. The commodity also rose as equities rose overseas, while the U.S. dollar fell. For details, see The contract rose 1.4 percent to $78.51 per barrel. Reuters Messaging: [e-mail] Keywords: MARKETS STOCKSNEWS COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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