STOCKS NEWS US-Abercrombie & Fitch shares jump on earnings

Stocks on the move Real-time Equity news U.S. stock market report 0747 EST 13Nov2009-Abercrombie & Fitch shares jump after earnings ------------------------------------------------------------------------------ Shares of Abercrombie & Fitch Co rose 6.1 percent to $39.01 in premarket trading on Friday after the clothing retailer posted a much better-than-expected quarterly profit, helped by cost cuts. For more details, see 0747 EST 13Nov2009-FBR upgrades tanker sector to "overweight" ------------------------------------------------------------------------------ FBR Capital Markets upgraded the tanker sector to "overweight" on Friday, expecting "marked improvement in the supply/demand balance in 2010." The firm sees day rates for very large crude carriers increasing to $37,000 in 2011 from $29,000 in 2009. As part of its call, FBR upgraded Frontline Ltd to "outperform," saying the company was "best positioned to capture the coming strength." Reuters Messaging: [e-mail] 0738 EST 13Nov2009-Futures up ahead of data on consumers ------------------------------------------------------------------------------ U.S. stock index futures were up on Friday, following a selloff in Thursday's session, as investors awaited data on consumer spending. Some positive corporate earnings results, including from Dow component Walt Disney Co late Thursday, also lifted sentiment. For details, see Dow Jones industrial average futures rose 11 points, while S&P 500 futures gained 1 point, and Nasdaq 100 futures were up 2.25 points. Reuters Messaging: [e-mail] 0734 EST 13Nov2009-Dollar General IPO prices at low end of range ------------------------------------------------------------------------------ Dollar General Corp priced shares in its initial public offering at $21 each, the low end of an expected range, late Thursday. The discount retailer, almost entirely owned by private equity firm Kohlberg Kravis Roberts & Co, had expected the shares to sell for between $21 and $23 each. Dollar General and KKR sold a total of 34.1 million shares, yielding gross proceeds of $716.1 million. For details, see Reuters Messaging: [e-mail] 0727 EST 13Nov2009-Dell to introduce smartphone based on Android ------------------------------------------------------------------------------ Dell Inc said on Friday it will sell smartphones equipped with Google Inc's Android mobile software. The company plans to sell its new Mini 3 smartphones through Claro, part of the America Movil network, and China Movil. Details on the phones will be announced when the devices are available in stores around late November for China Mobile and around the end of the year for Claro, it said. Shares of Dell closed Thursday at $15.45. Reuters Messaging: [e-mail] 0724 EST 13Nov2009-Bain in $1.1 bln deal for Citi Bellsystem-source ------------------------------------------------------------------------------ Bain Capital is finalizing a roughly $1.1 billion deal to buy Citigroup Inc's Bellsystem 24 unit, three sources familiar with the matter said. It would be the largest buyout by a foreign private equity firm in Japan in nearly two years. Bellsystem 24 is Citigroup's Japanese telemarketer division. For details, see Shares of Citi rose 2 cents to $4.08 in premarket trading. Reuters Messaging: [e-mail] 0716 EST 13Nov2009-Liberty Global to buy Unitymedia for $5.2 bln ------------------------------------------------------------------------------ Liberty Global Inc agreed on Friday to buy Unitymedia from a private equity group for $5.2 billion. The sale by a shareholder group led by BC Partners and Apollo comprises $3 billion in equity and $2.2 billion in debt and is the largest private equity exit in Europe this year. For details, see Shares of Liberty closed Thursday at $23.10. Reuters Messaging: [e-mail] Keywords: MARKETS STOCKSNEWS COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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