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    Last update: December 22, 2009

    +Futures point to modest gains as dollar falls
      NEW YORK (Reuters) - U.S. stock index futures pointed to a modestly higher open on Monday after a selloff in the previous session as investors looked to a busy week of economic data, while the U.S. dollar fell to a 14-month low.

    +Verizon profit falls but new subscribers beat view
      NEW YORK (Reuters) - Verizon Communications on Monday posted a third quarter profit that fell more than 9 percent but was slightly ahead of analyst estimates and it added more wireless customers than expected.

    +RadioShack profit misses estimates
      NEW YORK (Reuters) - RadioShack Corp's quarterly profit missed estimates by one cent on weak demand for its converter boxes, laptop computers and wireless accessories.

    +HealthSouth plans to fund dissident nominees' expenses: report
      (Reuters) - HealthSouth Corp , a U.S. hospital operator, plans to unveil a new corporate bylaw that will reimburse activist shareholders for the expense of unseating management-backed directors, the Wall Street Journal said on its website.

    +Legg Mason to elect investor Nelson Peltz to board
      BANGALORE (Reuters) - Billionaire activist investor Nelson Peltz will be elected to Legg Mason Inc's board, the U.S. asset manager said on Monday, in a move that would avoid a proxy fight for the next two years.

    +Corning posts better-than-expected results
      NEW YORK (Reuters) - Specialty glass maker Corning Inc posted better-than-expected quarterly profit on stronger demand for glass for flat screen televisions, and said it expected that market to grow by 15 percent in 2010.

    +ING to split in two, launch rights issue
      AMSTERDAM (Reuters) - Dutch bancassurer ING Group NV will split in two, shrinking itself into a smaller Europe-focused bank, in the most striking example yet of the deep changes the EU wants to force on banks that received state aid.

    +Disney CEO calls for rethink of movie model: report
      LONDON (Reuters) - The chief executive of Walt Disney has called for a thorough reexamination of the business model for marketing and producing movies as DVD sales tumble and distribution costs rise.

    +CIT sweetens, extends debt exchange offer
      NEW YORK (Reuters) - CIT Group Inc has extended and sweetened its debt exchange offer, the lender said in a regulatory filing on Monday.

    +Deloitte says 2009 global revenue falls 4.9 percent
      NEW YORK (Reuters) - Global accounting firm Deloitte Touche Tohmatsu said on Monday revenue at its member firms slipped 4.9 percent in fiscal 2009 to $26.1 billion, hurt by a decline in deal activity in the worldwide economic downturn.

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