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    Last update: December 22, 2009

    +Before the Bell: AIG, Macy's, Toll Brothers in focus
      MarketWatch's daily pre-open email summarizing the key news items of interest to investors.

    +E.On lifts guidance as third-quarter profit jumps
      E.On AG, Germany's biggest utility, reported third-quarter net income jumped and said its annual adjusted profit decline won't be as steep as previously forecast.

    +Iceland's credit rating cut by Moody's
      Iceland's credit rating gets cut further by Moody’s Investors Service, though the troubled country manages to cling to an investment-grade rating.

    +Macy's shares off; investors key on fourth quarter
      Macy’s reports a third-quarter loss narrower than forecast, helped in by its “My Macy’s” initiatives to tailor merchandise to local demand, but shares fall as investors find its fourth-quarter profit outlook lacking.

    +Currencies: Dollar mostly lower; BOE pressures British pound
      The U.S. dollar falls against most currencies as risk appetite remains strong.

    +MarketWatch First Take: Free Bob Benmosche
      Robert Benmosche has a very lively way of running a zombie company, writes David Weidner.

    +Toll's home orders again surprise to the upside
      Shares of luxury home builder Toll Brothers rise in premarket action Wednesday after the company said its quarterly orders jumped a greater-than-expected 42% from the year-ago period.

    +Metals Stocks: Gold futures climb to record above $1,118
      Gold futures climb to a record on Wednesday, as dollar weakness continues to draw buyers into the precious-metals market.

    +Bank of England tips steady policy, slow recovery
      The Bank of England expects the British economy to post a slow recovery amid continued pressure on bank balance sheets and expectations that the government will be forced to rebalance its budget in coming years, according to the central bank's quarterly inflation report.

    +Indications: U.S. futures point to solid gains after Fed talk
      U.S. stock futures Wednesday point to gains for a second time this week, as traders interpret a flurry of Federal Reserve officials’ speeches as a green light to buy up dollar-denominated assets while selling the greenback.

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