Category Archives: Market Alerts
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Oil inches higher, settles past $106 a barrel
SAN FRANCISCO (MarketWatch) — Crude-oil futures ended marginally higher Wednesday, buoyed by lingering fears of a supply disruption after meetings in Tehran to assess Iran’s nuclear program ended in disappointment for the officials with a watchdog nuclear agency. Crude traded in the red in early trading, only to seesaw as the day progressed. The April contract advanced 3 cents to settle at $106.28 a barrel on the New York Mercantile Exchange. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Gold settles at three-month high, above $1,770/oz
SAN FRANCISCO (MarketWatch) — Gold futures shook off initial weakness to settle at a three-month high on Wednesday. Gold for April delivery advanced $12.80, or 0.7%, to end at $1,771.30 an ounce on the Comex division of the New York Mercantile Exchange, the highest for a most-active gold contract since Nov. 16. Early losses were met with vigorous buying, aided as the dollar pared gains slightly during the session, analysts said. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Two shot at Wal-Mart distribution center
BOSTON (MarketWatch) — Local officials have confirmed that two people were shot on Wednesday at a Wal-Mart Stores Inc. distribution center in Dinwiddie County, Va., the Associated Press reported. A spokeswoman for the Dinwiddie County Fire Department told the AP that she didn’t know the conditions of the two victims or whether a suspect had been apprehended. State and county police were still at the crime scene as of early afternoon. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Time Warner’s TBS renews "Conan"
BOSTON (MarketWatch) — Time Warner Inc.’s TBS division has renewed Conan O’Brien’s show “Conan” for two more years, according to the Associated Press on Wednesday. The show debuted on the cable network in November 2010 and has averaged about 1.1 million viewers per show so far this year. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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U.S. sells 5-yr notes at highest yield in 3 months
NEW YORK (MarketWatch) — The Treasury Department sold $35 billion in 5-year notes on Wednesday at a yield of 0.9%, the highest level since November. Bidders offered to buy 2.89 times the amount of debt sold, compared to an average of 3.02 times at the last four sales of 5-year notes, according to CRT Capital Group. Indirect bidders, a group which includes foreign central banks, purchased 41.8%, compared to 47.2% of recent sales. Direct bidders, a class which includes domestic money managers, brought another 12.9%, versus an average of 11.1%. After the auction, the broader bond market held onto gains. Yields on 10-year notes , which move inversely to prices, fell 3 basis points to 2.03%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Argentina train crash leaves 49 dead
BOSTON (MarketWatch) — A train crash left at least 49 dead and 600 injured at one of Argentina’s busiest commuting stations, the English-language Buenos Aires Herald reported Wednesday. The crash, which occurred during morning commuting hours at Buenos Aires’ Once station, resulted from a train colliding into a platform after failing to stop at a signal light. The newspaper added that emergency teams have concluded their rescue efforts, and that at least 100 victims were sent to nearby hospitals for treatment. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Gannett jumps 6% on outlook
BOSTON (MarketWatch) — Shares of media conglomerate Gannett Co. Inc. jumped 6% to $15.91 on Wednesday after executives unveiled their plan to revitalize the company at a meeting with investors in New York. Gannett management said it expects to be able to grow revenue by 2% to 4% by 2015 and raise pre-tax margins to between 15% and 19%. The company also plans to buy back up to $300 million of its shares over the next two years, in addition to raising its dividend by 150% to 80 cents a share. The first newly raised dividend will be payable on April 2 to shareholders of record as of March 9. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Flaw suspected in Boeing Dreamliner planes
BOSTON (MarketWatch) — Boeing Co. plans to inspect about 55 of its new Dreamliner 787 aircraft to see if they carry a certain production flaw in the fuselage, Reuters reported on Wednesday. Boeing Chief Executive Officer James Albaugh told Reuters reporters in Singapore that the recently discovered flaw was “very fixable” and did not pose any immediate safety issues. He added that while the inspection process might impact delivery to some customers in the near term, the company should still be able to meet its production target for the year. Boeing has said it hopes to raise its monthly output from 2.5 to 10 aircraft a month by the end of 2013. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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Canadian stocks open with minor gains
NEW YORK (MarketWatch) — Canadian stocks opened with minor gains in early trade Wednesday after Fitch Ratings downgraded Greece to a rating that reflects imminent default, deepening concerns over its debt crisis, and a business survey in Europe showed activity contracting. The S&P/TSX Composite Index added 13.79 points to 12,637.15. Gains were led by the technology sector, with shares of Research In Motion Ltd. going up 1.4%. Rogers Communications rose 1.4% after the company announced an 11% hike in its annualized dividend. Shares of Talisman Energy Inc. remained relatively flat after Japan’s Mitsubishi Corp. agreed to buy stakes in nine of Talisman’s licences in Papua New Guinea’s natural gas blocks for $280 million. The financial subsector was among the bigger losers as shares of most banks fell. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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U.S. stocks lower after housing data
NEW YORK (MarketWatch) — U.S. stocks retained mild losses Wednesday as an industry group reported sales of existing U.S. homes rose 4.3% in January. The Dow Jones Industrial Average fell 12.64 points to 12,953.01. The S&P 500 Index shed nearly 2 points to 1,360.28. The Nasdaq Composite slipped 1.54 point to 2,946.85. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.