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    JUNE 17 2010

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Economic
08:30 Initial Claims: 450K cons.
08:30 Continuing Claims: 4475K cons.
08:30 CPI (May): -0.2% cons.
08:30 Core CPI (May): 0.1% cons.
08:30 Current Account Balance (Q1): -$123.0B cons.
10:00 Leading Indicators (May): 0.4% cons.
10:00 Philadelphia Fed (Jun.): 18.8 cons

TOP FINANCIAL NEWS

'Circuit breakers' tripped for the first time

Wall Street ends flat on mixed economic data

BP cuts dividend and capex to pay for oil spill

BUSINESS NEWS

After Hours Summary
 STLD -1.7% (sees Q2 EPS of $0.20-0.25 vs $0.34 consensus)
Companies trading lower in after hours in reaction to news
: DSCO -15.6% (announces that it intends to offer shares of common stock and common stock purchase warrants), DRE -4.7% (Co to offer 23 mln shares of common stock; announces acquisition of joint venture partner's interest in industrial portfolio), XCO -2.2% (announces agreement to acquire Haynesville/Bossier shale properties from SWN for ~$355 mln), STLD -1.7% (sees Q2 EPS of $0.20-0.25 vs $0.34 consensus).

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Before: ATU, SJM, KR, PIR, SFD, WGO

After: SMOD

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BUSINESS WEEK MARKET ANALYSIS

 By Paul Cherney

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