STOCKS NEWS-Barron's sees upside for Google, stock rises

Real-time equity news U.S. stock market report 0803 ET 10May2010-Barron's sees upside for Google, stock rises ------------------------------------------------------------------------------ Google Inc shares are undervalued, considering the internet company's robust cash flow and the absence of debt, Barron's wrote in its May 10 edition. For details, see Shares of Google rose 4.1 percent to $513.45 before the bell. Reuters Messaging: 0758 ET 10May2010-BG Group to buy stake in EXCO assets for $950 mln ------------------------------------------------------------------------------ British gas producer BG Group said it would pay $950 million to buy a 50 percent interest in shale gas assets in Appalachia from EXCO Resources Inc , the latest in a string of shale gas deals between the companies. BG said it was paying $800 million cash and $150 million toward EXCO's drilling share of drilling costs for a half-share in the assets, which produced 35 million standard cubic feet per day of natural gas. For details, see Shares of EXCO closed Friday at $15.65. Reuters Messaging: 0747 ET 10May2010-Yahoo shares rise after Susquehanna upgrade ------------------------------------------------------------------------------ Shares of Yahoo Inc rose in premarket trading on Monday after Susquehanna Financial upgraded the stock to "positive." The firm wrote that Yahoo had limited exposure to Europe or the euro. For details, see Yahoo rose 4.3 percent to $15.95 before the bell. Reuters Messaging: 0732 ET 10May2010-S&P 500 futures briefly hit price limit ------------------------------------------------------------------------------ S&P 500 stock index futures surged on Monday and briefly matched the upward stock index price limit of a rise of 55 points. If S&P futures trade above the limit for a period of 10 minutes, they will be halted. The limit was established by the CME Group and the current level will be effective throughout the second quarter. S&P 500 futures were up 54.7 points while Dow Jones industrial average futures shot up 418 points and Nasdaq 100 futures gained 85.5 points. The limits for Dow futures is a move of 550 points up or down, while the Nasdaq limit is a move 95 points. Reuters Messaging: 0727 ET 10May2010-Futures soar after euro zone rescue plan ------------------------------------------------------------------------------ U.S. stock index futures soared on Monday, and the S&P 500 could open 4 percent higher, after leaders in Europe agreed to a $1 trillion emergency rescue package that sent the euro and European stocks surging. For details, see S&P 500 futures rose 52.3 points and were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures shot up 400 points, and Nasdaq 100 futures gained 81.25 points. Reuters Messaging: 0722 ET 10May2010-Exchanges summoned to D.C. after market plunge ------------------------------------------------------------------------------ The heads of leading U.S. stock market operators have been called to Washington for an emergency meeting on Monday, days after a spine-chilling plunge in stock prices continued to perplex U.S. regulators. The meeting, called by Securities and Exchange Commission Chairwoman Mary Schapiro, is to address whether levers need to be added in trading systems to halt sudden plunges in individual stocks, a source familiar with an investigation into the events said. Exchange chiefs are also set to face Congressional hearings on Tuesday, the source said. For details, see Reuters Messaging: 0716 ET 10May2010-BP says oil spill has cost it $350 mln so far ------------------------------------------------------------------------------ BP Plc said the oil spill in the Gulf of Mexico had cost it $350 million so far, suggesting the final bill could be much higher than many analysts predicted. The oil company said in a statement on Monday the sum referred to the cost of spill response, containment efforts, relief well drilling, payments to the Gulf Coast States to speed up their response plans, some compensation claims and federal costs. For details, see U.S.-listed shares of BP rose 1.7 percent to $49.88 in premarket trading. Reuters Messaging: Keywords: MARKETS STOCKSNEWS COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.