Stocks on the move [HOT-RTRS] Real-time Equity news [U E] [RESF/US] U.S. stock market report [.N] 0743 ET 16Jan2009-Crude oil below $35/barrel after IEA cuts outlook ------------------------------------------------------------------------------ February crude futures fell on Friday, dropping below $35 a barrel after the International Energy Agency cut its outlook for world oil demand for 2009. The move came after two of the biggest U.S. banks reported fourth-quarter losses, with the IEA saying that the economic slowdown would erode consumption. [ID:nLG581112] The contract slid 1.2 percent to $34.97 a barrel. Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0737 ET 16Jan2009-Minneapolis Star Tribune files for Chap. 11 ------------------------------------------------------------------------------ The Minneapolis Star Tribune newspaper filed for bankruptcy on Friday, hurt by a heavy debt load and a huge decline in advertising revenue. "With the significant deterioration in our revenue in 2008 and the challenging outlook for our industry for 2009, we simply could not wait any longer to take this step," the paper's chairman said. The newspaper was previously owned by McClatchy Co (MNI.N), which sold it to private equity firm Avista Capital for $530 million less than two years ago. [ID:nBNG8028] Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0732 ET 16Jan2009-Three bidders eyeing Circuit City: WSJ ------------------------------------------------------------------------------ Three bidders have emerged in the auction for bankrupt electronics retailer Circuit City Stores (CCTYQ.PK), the Wall Street Journal reported on Friday. One of the bidders is private-equity firm Golden Gate Capital, which has made a bid for the entire company but has requested 30 days to analyze the business, the paper reported. Another is billionaire Ricardo Salinas Pliego, who bought 28.5 percent of the stock after it filed for Chapter 11, and the third is a combination of liquidation firms Hilco Merchant Resources and Gordon Brothers Retail Partners. [ID:nBNG399180] Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0720 ET 16Jan2009-Futures soar after Bank of America, Citi news ------------------------------------------------------------------------------ U.S. index futures soared on Friday, boosted after the news that Bank of America (BAC.N) received a capital injection of $20 billion from the U.S. government, and that Citigroup (C.N) would be splitting into two operating units. [ID:nN16262662] Dow Jones industrial average futures DJc1 rose 138 points while S&P 500 futures SPc1 gained 16.2 points and Nasdaq 100 futures NDc1 were up 22.25 points. Reuters Messaging: ryan.vlastelica.reuters.com@reuters.net 0717 ET 16Jan2008-Citi reports Q4 loss, to split into two units ------------------------------------------------------------------------------ Citigroup (C.N) reported a fourth-quarter loss of $8.29 billion and announced a plan to split into two operating units. One of the units will focus on universal banking while the other will focus on brokerage and retail asset management, local consumer finance, as well as a pool of assets that require special management.

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